This year’s placement force at some of the prominent B-faculties throughout the USA saw consulting majors Accenture and The Boston Consulting Group (BCG) emerge as leading recruiters. These establishments are Indian Institute of Management-Ahmedabad (IIM-A), Bangalore (IIM-B), Calcutta (IIM-C), Lucknow (IIM-L), Kozhikode (IIM-K) and XLRI – Xavier School of Management.
These companies are extending gives, frequently in double digits. Along with the likes of Bain & Co, McKinsey & Co, Deloitte, and Avendus, amongst others, those companies trace at the changing dynamics of the white-collar process marketplace.
Accenture has emerged because the pinnacle recruiter throughout IIM-A with 24 gives, IIM-Bangalore (31), and IIM-Calcutta (24). On the other hand, BCG becomes the top recruiter at XLRI and one in all the biggest at IIM-Lucknow, in conjunction with Accenture and Deloitte. In IIM-Kozhikode too, it was certainly one of the biggest, alongside McKinsey and Bain.
Recruitment professionals and consulting corporations attribute this year’s traits to the shifting dynamics of the Indian enterprise, forcing organizations throughout sectors lease consulting companies to assist chalk out destiny plans and lead new projects.
“All industries are going through a transition which has provided an amazing possibility for consulting corporations. It also augurs well for the financial system as incredible jobs are being created which need skills furnished by means of those B-colleges. Campus hirings may not right away bring a return on investments however recruiters know in future they are able to turn fruitful,” says Rituparna Chakraborty, govt VP at TeamLease Services.
Mostly picked up at entry level, the job offers extended via consulting majors convey hefty programs with tough profiles in areas like approach, analytics, information technological know-how, and challenge management, amongst others.
According to consulting companies, a big number of hirings are being pushed through a rise in tasks.
“The current hirings are in large part driven with the aid of growth in the enterprise as we had been developing in double digits. In the beyond few years, maximum of our practices have grown at breakneck velocity. However, some are growing extra such as in digital place and engagements with fee introduction,” says Sumit Gupta, partner, director and recruiting chair at BCG India, which hires seventy-five percent of its talent from campuses.
According to records of Associated Chambers of Commerce and Industry (ASSOCHAM), the Indian consulting enterprise is anticipated to file revenues really worth Rs 27,000 crore through 2020. It is predicted that approximately 500-600 excessive-fee consulting contracts well worth roughly $250 million are awarded every year by way of Indian businesses, with a part of them being as excessive as $2 million each.
As for the activity offers made in double digits, mainly at pinnacle B-colleges, consisting of IIMs, by way of consulting firms like BCG India, it’s miles because pinnacle campuses in both management and engineering domain names make a contribution to 80 percent in their hiring.
“For the rest 15-20 percent, we hold evaluating campuses. For instance, we tried XLRI a few years again and now it’s miles a normal destination for us. There is a committee internally that surveys campuses that we would love to head,” Gupta stated.
Sector-clever too, consulting has topped the offer charts at B-college campuses. Consulting firms have clocked 32, 30, 29, and 21 percent of total gives at IIM-Lucknow, IIM-Kozhikode, IIM-Calcutta and XLRI-Xavier School of Management, respectively. At IIM-Bangalore this year, consulting firms, led through Accenture, together have made 161 gives. The different top sectors are finance, IT, FMCG and E-trade, among others, in various diploma throughout campuses.
Meanwhile, reimbursement programs to have seen a respectable rise in the course of final placements at top B-schools this 12 months. Among the information to be had, IIM-Kozhikode published a sixteen percent soar in its average revenue at Rs 20.6 lakh in line with annum, even as that of XLRI rose by using eleven.19 percent to face at Rs 22.35 lakh consistent with annum.
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