Interesting Article from Times of India:
Work experience worked wonders for students at the Faculty of Management Studies (FMS), Delhi University, with campus placements fetching them fat salary packages. The recent lateral placements 2008 at FMS witnessed a student bagging an annual pay package between 25-30 lakhs by a private equity company, which is the highest so far. The process is conducted for students with prior work experience of at least 18 months.
"The highest domestic salary saw a jump of 68% vis-à-vis the last laterals process. Candidates have already received pre-placement offers from HSBC, TAS, Citi, HUL, P&G, Essar, Goldman Sachs, Pepsi, Asian Paints, Reebok, Cadbury, IBM and Cognizant among others," informed Pranima Das, a student at FMS.
Among 143 students from the two full-time programmes of FMS appearing for placements, only 35 could offer themselves for lateral recruitments.
Students were offered not only thick pay packages but better designations as well. "Earlier we used to get designations like research analysts and executives but now we have been offered designations like associates, consultants and one of the company has even offered a post of assistant vice-president to one of the candidates," informed Abhishek Sipani, a student of final year, MBA.
Very interesting. It shows times are changing. This is not related to good pay packets or good position but also one interesting point is, only 35 students out of 143 offered themselves for lateral employment. This trend is prevalent in the IIM's also, where lots of good students have refused lucrative jobs and opted for NGO's and self enterprenourships. This is a very good sign.
