Recruitment data from top-notch B-schools like SCMS-Cochin show BFSI (Banking, Financial Services and Insurance) Sector on positive growth path
Going by the statistics of recruitments at one of the best management colleges in Southern India, the BFSI sector is clearly in a turnaround phase. Of nearly a hundred management students who have been placed so far, almost 50% will be joining the Banking, Financial Services and Insurance sector. Apart from this, 6 students from SCMS-Cochin will be joining the FMCG sector, 12 students will be going to consulting firms, and 8 will join the IT & ITES sector. Interestingly, Media and Entertainment companies have recruited 5 students so far – an unprecedented high. Showing remarkable resilience to the overall slowdown, SCMS-Cochin has attracted 18 new companies to its campus this year. So far, more than 30 companies have recruited from SCMS-Cochin, while another dozen companies are conducting their interview process at present.
The CTC hasso far ranged between Rs. 4 Lakh per annum to Rs. 6.5 Lakh per annum. However, foreign recruiters are yet to make their presence felt. As a trend, foreign recruiters come in only towards the end. Last year too, Kadence International appeared in the later half of the placement season and made an offer of Rs. 13 Lakhs per annum to one of the management graduates. The regulars at the SCMS-Cochin campus included top companies like Deloitte, Coca Cola, Pepsi Co, HDFC Asset Management, ICICI Securities, Madura Fashion and Lifestyle, Hawkins, Berger Paints, Madras Cements,Kotak Mahindra, Asian Paints, ITC, Reliance Money, Malayala Manorama, South Indian Bank Limited, etc. Those who have recruited for the first time include companies like HSIL, Future Generali Life Insurance, Muthoot FinCorp, ICICI Prudential, Spices Board, Decathlon Sports India, Medgenome Molecular Diagnostics, etc.
At SCMS-COCHIN, the placement season starts in mid-November. By this time students have not only completed their internships, they have also had enough time to discuss and clear all the doubts that would’ve arisen during their respective SIPs. SCMS-COCHIN has corporate relations officers based in all major cities across India, who liaise continually with the human resources heads of all major corporations, ensuring that they have a smooth visit to the institute for on-campus recruitment.
SCMS-COCHIN has a transparent set-up with regards to placements. Once recruiters send the desired job profiles and compensation packages to the institute, SCMS-COCHIN shares the information with students. Interested students then register and indicate their preference to the placement department. This system works to the advantage of the student as well as the recruiting organisations. Rather than run after every opportunity, students can channel their energy in cracking the organisation in which they are genuinely interested. Organisations, ofcourse, do not have to go through the entire batch –only the really interested – when they arrive on campus for the interviews.
All students, whether or not registered for a particular company, attend the Pre-Placement Talk (PPT) given by the company. This is in keeping with the ethos of the SCMS-COCHIN academic council, which looks upon the placement process as an extension of the institution’s pedagogy. This ensures that future managers from SCMS-Cochin get an overall feel of the market and how organisations think and behave in the world today.
Over the years, SCMS-COCHIN students have gained placements in top-notch firms across the globe, and its alumni have brought pride to their alma mater. Going by current trends, quite a few placement records of SCMS-Cochin are likely to take a tumble.