Placements all over India in most of the B Schools didn’t see an increase in their average CTC this year with many citing Demonetization as one of the reasons for companies not spending much on MBA graduates but Delhi University’s Faculty of Management Studies which offers one of the best MBA programs in the country had a great placement season.
The average CTC offered during placements this year at Faculty of Management Studies for the batch of 2017 recorded a four-year high of INR 20.6 Lakh per annum.
The average CTC offered to FMS graduates increased for the third consecutive year.For the batch of 2016,the average CTC offered was INR 20.5 Lakh per annum.
The median CTC for 2017 stood at INR 20 Lakh per annum.
“We witnessed a slight slump in the recruitment numbers from those industries that were largely cash-based. There was a slight slowdown in recruitment from FMCGs (fast moving consumer goods firms) owing to the short-term impact rendered by demonetisation,” said Kavita Singh,Placement Convenor at FMS Delhi to Live Mint.
Accenture Strategy and EY Consulting were the top recruiters this year with each making 10 offers. Capgemini Global Consulting made nine offers while Amazon India hired eight graduates from FMS this year.
A total of 81 companies made offers to 209 graduates during placements this year.
The highest overseas package was $150,000 (approximately INR 1 crore).The international package remained at the same level as in 2016. However, the number of international offers increased from 6 to 12 this year.
