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Many reputed business schools have reported an increase in the hiring number by ecommerce companies and startups during the final placements. The reason behind the increase is the rise in the number of startups participating in the placement process.
Many leading business schools have reported an increase in the hiring number by ecommerce companies and startups during the final placements. Management Development Institute (MDI) Gurgaon, Indian Institute of Management (IIMK), and Bharatiya Vidya Bhavan’s SPJIMR said the sector witnessed the highest on-year rise in the number of offers during the final placements of 2020.
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A large number of startups opted for campus placements and there are companies that have increased the hiring numbers. At IIM Kozhikode, 8.2 percent of the participating students got offers from ecommerce companies and start ups as compared to the 3 percent last year. At MDI, the offers from ecommerce companies rose to 141% and at SPJIMR, ecommerce absorbed almost 22.2 percent of the batch as compared to 16.3% last year.
The reason behind the increase is the rise in the number of startups which are participating in the placement process, according to the recruitment coordinator at IIM Lucknow. IIMK has claimed to have recorded 100 percent placements with over 400 students participating in the process and getting job offers. The institute has also said there has been 12 percent hike in the salary offered by the companies as compared to last year.
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The mean salary also witnessed an increase from Rs.20.6 lakh per annum to Rs.23.08 per annum and median increased from Rs.18.5 lakh per annum to Rs.20.8 lakh compared to last year. Top 50 percent of the students got average CTC of Rs.26.69 lakh per annum, which is an increase of 12.5 percent as compared to last year.
