The industry behemoths are back to business with massive hiring beginning in full swing this year. With the economic revival comes a great year for MBAs as the times of hiring freeze gets over. Even though, the recruitment season at top B-schools commenced with cautious optimism, it surely has ended with a strong economic rebound.
All the major national and multinational companies seem to have launched a recruitment drive. From technology giants, Infosys Technologies and Cognizant to finance companies, ICICI Bank, Citigroup and YES Bank; from BPO majors, Genpact, Wipro to national companies like Tatas, Hindustan Unilever, Procter & Gamble, ITC, Britannia, and Johnson & Johnson to international consulting biggies like McKinsey, Accenture, Deloitte and Boston Consulting Group (BCG)-all are hiring.
After looking at the data received from 13 top management institutes, it is clear that not only numbers but quality jobs are back. Recruiters emphasize on the fact that hiring blitz is an actual part of their overall growth plan rather than a bold proclamation of survival. Though experienced MBAs were preferred, even first-timers were able to land with many opportunities. The rise in salary packages could be noticed too with a hike of 25% on average for the Class of 2010.
As preferences and demands of recruiters have changed over years, a shift in student’s attitudes could also be seen this time. They could now look beyond pay packets and foreign posting is not an obsession for young professionals anymore. They have matured into prudent individuals taking sensible decisions based on quality of the job and culture of the company.
War talent in India is definitely gaining momentum propelled by resurgence of hiring optimism. The frozen job market until last year has been phenomenal this year with almost bullish hiring by companies across various sectors.
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