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Banking & Finance and IT emerged as the two most sought-after sectors by the prospective managers passing out of India's leading 10 B-schools according to ASSOCHAM study released in April 2005.
Banking and Finance accounted for 29 per cent of the total offers accepted. Graduates from these business schools see IT and ITES as the second best emerging field as they accepted 25 per cent of the total offers made to them across all the sectors.
Marketing, especially in FMCG sector could put their hands on 17 per cent of the fresh managers from all the top management institutes tracked. Consulting is another area gaining ground day by day, which accounted for a total of 13 per cent of the final placement offers. Sixteen per cent of tomorrow's industry leaders accepted offers from General Management and other fields like telecom, pharmaceutical, healthcare and HR.
Maximum placements in Banking and Financial Services sector itself is an indication of the up rise in the Services sector which is growing at a rate 9 per cent. 41 per cent of the 2005 batch of Indian Institute of Management, Ahmedabad, got placements in Banking and Financial Services sector, 20% of them went in leading Consulting firms like AT Kearney, BCG, Delloitte, Hewelett Packard and Bain & Co. The IT sector grabbed 15% of the students, while Marketing and FMCG could put their hands on 15 per cent of them. The rest went to General Management and other fields like Operations.
The Assocham study of YOY growth in various sectors revealed that Banking, Finance and specifically insurance are the most attractive job creaters with astonishing 45% growth from 2004 to 2005. The similar figures for other sectors were Consulting- 44%, IT- 0.71% and FMCG- negative growth of 22% .
Indian Institute of Ahmedabad, Indian Institute of Indore, Indian Institute of Khozikode, Faculty of Management Studies, Delhi, XLRI Jamshedpur, JamnaLal Bajaj Institute of Management Studies, IIT School of Management Bombay, SP Jain Institute of Management and Research Symbiosis Institute of Business Management and IMT Ghaziabad are the ten institutes tracked by ASSOCHAM Eco Pulse.
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