New Delhi: The average cost-to-company (CTC) offered during campus placements at Faculty of Management Studies (FMS), Delhi University, for the batch of 2017 hit a four-year high of Rs20.6 lakh per annum.
The average CTC offered to FMS Delhi graduates increased for the third consecutive year. For the batch of 2016 , the average CTC offered was Rs20.5 lakh per annum, up from Rs17 lakh per annum in 2015, and Rs16.2 lakh in 2014 .
The median CTC for 2017 was ₹ 20 lakh per annum—the same as last year, up from ₹ 6.5 lakh in 2015. The highest yearly domestic salary offered in 2017 was ₹ 4.3 lakh, down from ₹ 6 lakh in 2016.
“We witnessed a slight slump in the recruitment numbers from those industries that were largely cash-based. There was a slight slowdown in recruitment from FMCGs (fast moving consumer goods firms) owing to the short-term impact rendered by demonetisation," Kavita Singh, placement convenor at FMS Delhi, said.
Accenture Strategy and EY Consulting emerged top recruiters at FMS Delhi with 10 offers each at the final campus placements this year. Capgemini Global Consulting made nine offers while Amazon India hired eight graduates this year.
A total of 81 companies made offers to 209 graduates during campus placements this year.
The highest overseas package was $150,000 (approximately Rs1 crore). The international package remained at the same level as in 2016. However, the number of international offers saw a increase—from six to 12.
This year, five companies offered international jobs to FMS graduates, against two companies last year. While nine students opted out of the final placements at the institute this year, 54 received pre-placement offers, the institute said in a statement.
There was a 50% increase in the number of students placed in e-commerce, information technology and operational roles, FMS said. Amazon.com. Inc, Uber Technologies Inc. and Paytm (One97 Communications Pvt. Ltd) were top recruiters.
Cloudtail India Pvt. Ltd (a joint venture between Amazon and N.R. Narayana Murthy’s Catamaran Ventures), OfBusiness (a business-to-business marketplace), broker Sharekhan Ltd and Wadi (a Middle East-based online retail platform) were first-time recruiters, according to the FMS statement.
This article has been rewritten with more numbers and a better comparative analysis.