NEW DELHI: As a result of the global economic recession, fewer foreign companies have offered jobs to students in various business schools in Delhi-NCR.
According to a news published in The Times of India, job offers by companies based abroad to b-grads in National Capital Region (NCR) have gone down and even the pay package has also seen a fall. The story further says that well-known b-schools including the FMS, MDI Gurgaon and Indian Institute of Foreign Trade (IIFT) have seen a severe beating.
The highest annual package offered this year is Rs 27 lakh, which was Rs 64 lakh in the last session. On the contrary, the IITF has seen an increase in the domestic placements. Around 74 companies visited the campus and the highest package was Rs 22 lakh per annum, which was Rs 19 lakh per annum last year. Majority of the jobs offered were in the field of technology and e-commerce, which has seen a big boom in the last few years in India.
Giving other example of Management Development Institute (MDI), Gurgaon, another prestigious b-school in the NCR, the report says that the institute had to stretch the placement season as some of the students did not get any job offers. MDI officials also blame the situation on international economic slowdown, which has put pressure on domestic placements.
The Faculty of Management Studies (FMS), another prestigious b-school, has also witnessed almost the same scenario where even domestic offers haven't been too great. The highest pay packet offered this year is much below than the previous year's offer of Rs 32 lakh. As far as foreign offers are concerned - not too many this year.