January 16, 2015: FORE School of Management (FSM) has had a strong opening to placement season. As on date, more than 90% of students have been placed and FORE is confident of completing the placements by as early as end of January.
Salary packages too have shown a strong trend this year. The highest offer this year is Rs 14 Lacs, so far, with average being Rs 8.3 Lacs and the median being Rs 8.2 Lacs. Around 60% of students have been offers of Rs 8 Lacs plus. PPOs have increased too with the largest PPO offer of Rs 13.2 Lacs. Considering this trend, students have been asked not to accept offers of less than Rs 7 Lacs but wait for better opportunity. With relatively low fee at FORE (compared to peer group), the Return on Investment is high and the payback period short (payback period = 16 months).
Not only packages, even the profile of jobs on offer have changed with a significant increase in consulting and finance profiles. Accenture, PwC, KPMG, Deloitte, E&Y from the consulting domain have all hired from FORE this year. JP Morgan, Bank of America, SBI, Kotak, HDFC are a few of the companies that have recruited for Finance and related profiles. The e-commerce firms like Amazon, Quickr, GroupOn (NEARBUY) and India Mart, to name a few is also an indication of change in profile of firms hiring this year – reflecting growth of this sector.
Traditional recruiters from FMCG, Durables and IT have returned year after year to recruit from FORE. Hindustan Unilever has returned to FORE to pick up students for both Sales and Finance profiles. Asian Paints, Hector Beverages, Infosys, Cognizant, NIIT Technologies, Maruti Udyog and many others, like every year visited the campus and hired students. In fact, encouraged by the performance of FORE students last year, Cognizant and Infosys have hired in bulk.
Given the strong trend in placements, FORE is advising its students to be selective in acceptance of offers. “First offer is not necessarily the best offer”, says Professor Rajneesh Chauhan, Chair-Placements at FORE School of Management. He goes on to say that students are counseled constantly to carefully evaluate the opportunities so that the offer that they accept are closest to where their interests lie. Students are encouraged to be patient and not get anxious since FORE has a consistent track record of full placement. Select students are given the choice of multiple offers since the first offer may not be the best offer.