Fore School of Management had yet another successful placement season. Contrary to popular belief, demonetisation has proven to be a positive development for management students. Three-quarters of the batch is already placed with an average CTC of ₹9.4 lakh.
This year, the traditional technology recruiters, namely Cognizant, Infosys and NIIT delayed their recruitment process in light of the US Presidential Elections. E-commerce companies also had their recruitment numbers revised towards the fag end of the placement season. Given that last year some of the e-commerce companies deferred their joining dates, they were not expected to hire in big numbers. However, because of demonetisation, companies like Paytm, MobiKwik and Freecharge are on a hiring spree, and are making a late dash for B-schools.
Another sector that is reaping from the demonetisation move is the Banking and Financial Services (BFSI) sector. Fore School has seen the recruitment numbers of banks increase. BFSI companies like ICICI, SBI, CRISIL, HDFC and Darashaw showed up in strong numbers. In this sector, the client base and the quantum of money in bank deposits is increasing, loans and the number of high net-worth customers are expected to go up, which means more recruitment from B-schools.
Blue chip companies such as HUL, Reckitt Benckiser, Asian Paints, ITC, Maruti, Mahindra & Mahindra, Tata Motors and Café Coffee Day showed strong interest as well. Consulting companies like Deloitte, EY, KPMG and Axis Risk Consulting, and technology consulting companies like Cognizant, Genpact and Capgemini took part.
A positive trend this year is the increase in number of strategy profiles offered on campus. IT sales is another area that has traditionally attracted a lot of companies; this year even Gartner came for placement. This year, placements have outshone the previous year.