Financial Services Sector Shines Yet Again at FMS-Delhi Summer Placements

Financial Services Sector Shines Yet Again at FMS-Delhi Summer Placements

What does it take to be called a successful B-school - the possession of some core competencies that evolve over time or the capabilities of the current students that the institute attracts? What does it take to provide quality talent to recruiters, year after year?

For institutions like FMS, some of these questions have not really mattered. Because for year on year, the institute has been growing; both in capabilities and opportunities for students with the kind of jobs that they love to do. Summers 2006 were an expression of this same confidence; with students getting offers for varied roles and locations across India, Middle-East, South-East Asia and the rest.

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In addition to the regular recruiters, 2006 saw the entry of bigwigs like Yahoo!, Reebok, Yes Bank, SAB Miller and MH AlShaya, which recruited for the first time from FMS. The growing visibility of the institute is reflected in companies like Yum Restaurants which chose FMS for recruitment, only the second campus in Asia visited by the company.

As many as 70 companies confirmed participation for the placement process with 32 of them being first-time recruiters at campus. The highest gross stipend offered was Rs. 125,000 by Olam International. In dollar terms, the highest was $3000 by MH AlShaya for its Kuwait operations. In terms of Indian firms, highest was Rs. 75,000 by Microsoft while SAP and Cognizant with Rs. 60,000 summers stipend were close seconds.

FMS’ reputation as a finance bigwig shone across again with nearly 41% of the MBA batch getting a finance profile. Premier MNC Banks like HSBC, Citibank, Deutsche Bank, Yes Bank, Bank of America, Standard Chartered, ICICI, UTI & Kotak reaffirmed their relationship with the campus. With 7 accepted offers, Standard Chartered got the maximum number of candidates while Yes Bank with 6 and HSBC with 5 came close seconds.

Niche and coveted finance profiles were also offered by firms like Goldman Sachs, Barings Private Equity, Prudential, Acumen Funds & NCDEX which illustrate the choice available for the finance-inclined.

For the first time, FMCG majors too recognised the finance talent at FMS with profiles in finance being offered to students by HLL, P&G, SAB Miller, Coca Cola & Pepsi; in addition to their existing Sales & Marketing profiles.

While regular FMCG majors like HLL, P&G, ITC, Nestle, Colgate-Palmolive, GSK, Asian Paints, Dabur, Coca Cola, Pepsi, Reckitt Benckiser, ICI Paints, Castrol & Blowplast have long since had a fruitful relationship with FMS, this year it was the newer companies on campus who offered stiff competition.

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Contributed by -
Media Relations,
Faculty of Management Studies,
University of Delhi, Delhi.

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