The Hindu : Business : `Banking, IT most sought-after sectors by prospective managers'

Online edition of India's National Newspaper
Monday, Apr 11, 2005

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`Banking, IT most sought-after sectors by prospective managers'

By Our Special Correspondent

NEW DELHI, APRIL 10. Banking & Finance and Information Technology emerged as the two most sought-after sectors by prospective managers passing out of India's leading B-schools covered under the Assocham Eco Pulse (AEP) Study.

Banking and Finance accounted for 29 per cent of the total offers accepted. Graduates from these business schools see IT and ITES as the second best emerging field as they accepted 25 per cent of the total offers made to them across all the sectors.

Marketing, especially in the FMCG sector, could put their hands on 17 per cent of the fresh managers from all the top management institutes tracked. Consulting is another area gaining ground day by day, which accounted for a total of 13 per cent of the final placement offers. Sixteen per cent of tomorrow's industry leaders accepted offers from General Management and other fields such as telecom, pharmaceutical, healthcare and HR.

"Maximum placements in the Banking and Financial Services sector itself is an indication of the up-rise in the Services sector which is growing at a rate of 9 per cent," the Assocham president, Mahendra K. Sanghi, said while releasing the AEP study on placements trend of top B-schools.

He further said 41 per cent of the 2005 batch of the Indian Institute of Management, Ahmedabad, got placements in the Banking and Financial Services sector; 20 per cent of them went to leading consulting firms such as AT Kearney, BCG, Delloitte, Hewlett Packard and Bain & Co.

The IT sector grabbed 15 per cent of the students, while Marketing and FMCG could put their hands on 15 per cent of them.

The rest went to General Management and other fields such as Operations. The situation was reversed in IIM Indore as 38 per cent of the institute's graduates went in for the IT field for Banking & Finance. Twenty-one per cent chose consulting and 18 per cent Marketing.

The break-up for IIM Kozhikode was IT— 33 per cent, Banking — 31 per cent, Marketing/FMCG — 15 per cent, Consulting — 13 per cent while for FMS, Delhi, it was Banking & Insurance — 44 per cent, FMCG &Marketing — 33 per cent, Consulting — 18 per cent, IT — 8 per cent.

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