Yes Bank has emerged as one of the top recruiters in the BFSI domain at India's top business schools this year, extending a total of 94 offers.
The bank extended 14 offers at IIMA and 38 offers were made across the IIMs. Other premier B-Schools YesBank visited this year include, XLRI, FMS, SJMSOM - IIT Bombay, SPJIMR, JBIMS, MDI, MICA, NITIE, SCMHRD, NMIMS, IRMA, XIMB and NIBM. The new hires (popularly known as Y-PEPs) will be joining the bank's training cum mentoring programme called 'YES Professional Entrepreneurship Programme' (Y-PEP).
"We look at entrepreneurial streak, ownership, out-of-the-box thinking, high degree of passion, commitment and professional pride while hiring talent from B-schools," says Deodutta Kurane, Group President - Human Capital Management, Yes Bank. "Candidates with the right skills, more importantly the right mindset and 'can-do' attitude are the right match for Y-PEP."
Yes Bank offered roles including investment banking, treasury, corporate banking, wholesale banking, loan syndication, risk management, marketing and corporate communication, human capital management, transaction banking, technology solutions group and strategic government advisory at these campuses.
The average package offered by Yes Bank across profiles this year was approximately Rs 13 lakh. "Thebank has also granted joining stock options to B-School Graduates for long-term wealth creation," says Kurane.
Contrary to the hiring process of many top recuiters at B-School campuses, Yes Bank chose to hire most students through spot offers. The bank has made just 9 pre-placement offers as a part of the 'Transformation Series Global Case Study Challenge.' The competition was conducted under the 'University and School Relationship Management programme' (USRM).
To keep a tab on attrition, the bank offers fast-track career progression opportunities, cross functional time-bound strategic project assignments, internal redeployments, job rotations and need-based cross business transfers to its key talent such as Y-PEPs. "Y-PEPs form a part of the 'talent pool' for the Bank. They are tracked regularly and offered larger/cross-functional responsibilities," says Kurane.
Y-PEPs go through a structured induction programme and an intensive on-the-job training where they work on real assignments to build their expertise and confidence.