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FMS Delhi's summer placements records 8% increase in average stipend

Ipsita Sarkar | Updated on: 2 November 2016, 3:53 IST

The Faculty of Management Studies (FMS) Delhi wrapped up its summer placement process for MBA batch 2016-16 recently. The average monthly stipend witnessed an 8% increase, at Rs 78,122, as compared to previous year . The The median stipend stood at Rs 75,000 per month . The average monthly stipend for female candidates was Rs 85,250

About 209 students received national and international internship offers from 75 companies, including e-Commerce giants such as Amazon, Uber, Cloudtail.

This year, the institute adopted a slotting exercise to democratically decide when a company would come in the placement process. A scheduling algorithm was also run in the placement process to 'optimally match the company and student's preferences during the recruitment exercise.'

Also Read: At IIM Indore summer placements 2016, average stipend stands at Rs 1.04 lakh

Batch Statistics

Batch size: 226

Students appearing for placements: 209

Students placed: 209

Students signed out/taking a placement holiday: 17

Companies confirming participation: 119

Companies that made offers - 75

New companies recruiting - 23

Top Recruiters

Top recruiters in Sales & Marketing included AB, InBev, Akzonobel, Asian Paints , Bennett Coleman & Co., Colgate, Palmolive Cummins , Dabur, Discovery, Dr. Reddy's , Droom, Godrej, GSK, Henkel, HT Media, HUL , ITC, J&J, L&T, L'Oreal, MH Alshaya, Mars, Mondelez, Nestle, Pepsico , Coca-Cola, Philips Lighting, Pidilite, RB , Shell, Saint Gobain, Tata Steel , Titan and Vodafone. Roles were offered in FMCG, sales/marketing , media, consumer electronics, retail, telecom, e-commerce and industrial goods domains.

In Consulting/General Management domain , Accenture Strategy made the highest number of seven offers. Other recruiters include AON Hewitt, Deloitte USI, S&O, CEB, Cognizant, EY, Airtel, RIL, RPG, TAS, Godrej, I3 Consulting , JSW, PwC and UCB.

More than 46 offers were mafe in the BFSI space. Investment Banking and PE roles accounted for 21% of all roles offered in Finance. Top recruiters in this domain included Avendus Capital, Brand Capital, Goldman Sachs, Piramal Fund, Cube Highways, Edelweiss, Duff & Phelps, Coca- Cola, Pepsico, Airtel Airtel, Axis Bank , Brand Capital, Citibank, DBS, HSBC, ICICI, ICICI Prudential ,

IDFC, Renew Power, Standard Chartered and YES Bank.

E-Commerce/IT/Operations domain witnessed an 80% increase in the number of offers from E-Commerce/IT/Operations. Amazon emerged as the highest recruiter with 12 offer. Cloudtail, Shopclues, MakemyTrip, HUL - IT and Microland recruited for the first time in the E-Commerce space. Other recruiter include Uber, IBM, IITIIMShaadi.com, Info edge , Makemytrip, PokaBunga , and Wipro

"The season saw greater participation from fast growing, emerging businesses, especially in e-commerce and consulting domains. The average stipend for the batch once again went up significantly," Professor Kavita Singh , FMS Placement Convener.

First published: 2 November 2016, 3:53 IST
Ipsita Sarkar @piercingharmony

Ipsita writes on education with focus on schools, higher education (engineering, B-Schools), HRD ministry, policies, and startup ecosphere. She's previously worked with Hindustan Times and Shiksha.com.