Placements at FMS, Delhi set a new record

Summer placements at Delhi University’s Faculty of Management Studies (FMS) have broken all records this year. All 235 students from two MBA courses got placements for two months in 91 companies in just five days. There was an increase of 150% in the highest stipend this year with an investment banking firm offering Rs. 250,000 to two students. In fact, the average stipend this year is Rs. 85000, which is an increase of almost 42% from last year.

Professor A. Venkat Raman, Placement Convener, FMS, said: “We are satisfied with the summer internship offers this year. Apart from roles in finance and marketing which have been the traditional strongholds, we also witnessed significant diversity in the profiles offered.” According to FMS, a record number of 145 companies had confirmed their presence in the placement drive this year, though 91 finally visited the campus. The rest could not visit the campus as all students had already been placed. “This year the response of the companies and the offers they made have been much better. We also got companies which havent been coming for summer placements for the last couple of years,” said Nagraj Chandrasekar, Media Coordinator, FMS.

This time, we had more private equity firms which are known to pay more. This explains the steep rise in the stipends this time, he said. Chandrasekar said coveted profiles like treasury, HR and risk management were offered, besides the traditional ones. No wonder, students are upbeat about the placement scene this year. According to them, summer jobs help companies discover the best talents on.

Source: The Times of India, November 16, 2010