With the commencement of the placement season at Globsyn Business School and the end of Phase I of placements on January 15, 2016, the Corporate Marketing Team caught up with Prasun Kumar, the head of CRP, whose team looks at all the student placements at Globsyn. Following is an excerpt from the conversation.
What is your take on the placement scenario this year? Do you think that the job market is looking up?
The placement process in Phase 1 that begins in November and continues till January, was initiated on November 15 this year and GBS witnessed an encouraging response from corporates both in terms of number of offers as well as the remuneration. Reputed brands like Berger Paints, ITC, Tata Teleservices, Johnson & Johnson, Indusind Bank, Axis Bank, PwC and IMRB International booked early dates with GBS with the intentions of accessing the entire batch during company presentations and for hiring the top bracket candidates from the batch of 2014-16. When we have 30% of our student pool being offered jobs by these brands in Phase I itself and slots already booked by different brands for Phase II, which has started from 16th January 2016, we have reason to be very positive about the campus placements at GBS this year.
How does CRP help GBS students in preparing for an interview?
Based on an individual’s experience of campus placements, the CRP Team this year created a dedicated placement mentorship cell at GBS which was launched with the final year students covering all possible aspects of selection processes normally adopted by various companies. The mentorship program was implemented with a series of activities in three stages i.e. Written Test, Mock Group Discussions and Personal Interview effectiveness building. Such tests acted as warm-ups for the final year students before the campus hiring program.
Can you give us a brief about last year’s placement process?
Campus Placement 2014-15 at GBS started with a bang with the number of brands approaching the campus being 44% higher than the previous year. Apart from regular recruiters, there were new brands seen on campus offering attractive profiles and packages to the graduating batch. The year also witnessed a number of offers from start-ups.
The placement process for a total of 201 final year candidates was started in November with offers made on campus by recruiters like PwC, KPMG, Vodafone, Asian Paints, ICRA, ManpowerGroup, HCL, TATA Teleservices and Berger Paints, among others. 2014 Placements at GBS witnessed an amazing 60 % jump in number of offers made by a total of 64 companies vis-à-vis 44 last year till January 31st 2015.
Despite the attractive offers at GBS in 2014-15 placements, students also exhibited their entrepreneurial instinct with around 9% of the batch choosing to opt for their own ventures and plans. Apart from domestic, 5 International offers were made by the Bahrain Financial Company (Kingdom of Bahrain, Midland Group, Dubai etc.). The other recruiters included Pantaloons, TCS, Amazon, Johnson & Johnson, Axis Bank, HDFC Bank, Info-edge, Step2Strategy, Future Group etc.
Compared to 2013, salary wise offers were on a same float with top hirers like KPMG hiring 9 students, while Tata Teleservices and Axis Bank recruited 6 students each and ITC offered one candidate 6.2 Lakhs p.a. At the same time the highest international package extended to a GBS student was 10 Lakhs p.a. by Midland Group Dubai.
How have the placements been this year so far? Has there been any notable change in recruitment pattern this year as compared to last year?
With the campus hiring program planned in three phases (Phase I – Nov to January, Phase II – February, and Phase III – March) a dedicated member of the CRP team concentrates on Laterals and International opportunities. With Phase-I of the placement season delivered an average package of 6.41 lacs p.a. and 30% of the batch already getting placed, we anticipate better response in Phase-II with more brands for domestic hiring as well as some international opportunities expected post mid-January. At the same time, a company like HSBC has already extended a domestic offer of 10.80 lacs CTC p.a. for some lateral candidates for which the evaluation is in process. CRP is sure of publishing some more exciting news and data by the end of Phase II.
Team CRP is working with several corporates to ensure that GBS students are recruited by the best companies and the Corporate Marketing Team will keep you posted about the developments in Phase II.