Campus Placements See A Rise As Recruiters Flock To Hire Undergraduates

0 min read

With the commencement of yet another placement season, recruiters are rallying to colleges to win over-the-top talents! The placement statistics this year have been at an all-time high with exceedingly large packages offered to some students. The average on-campus salary has risen to 20-40% and the number of offers to 80 - 130%.

Pan-India Mega Recruitment

As firms across India continue their battle with attrition, the demand for graduate students is on an increasing curve. According to recruiters, another reason is the re-opening of businesses after a long pandemic, encouraging companies to openly welcome more talent.

Also read: Consulting Firms Are On A Promotion Spree; Industry Insiders Suggest More Than 250 Promotions Are Underway!

It is to be noted that students involved in the fields of commerce, economics, statistics, and management were more in demand than their counterparts. The recruitment trends also show an interest diverging out from the traditional acquisition of talent mostly limited to tech schools.

SV Nathan, Chief Talent Officer of Deloitte, said “Many organisations will hire more from the undergrad colleges given that there is an expansion of the talent pool beyond tech schools,”.

Let’s Hear It From The Schools Themselves

According to campus placement cells, the top recruiters this year were McKinsey, Meesho, Kearny, Accenture, Ernst & Young, Amazon, and others.

Delhi’s prestigious Lady Shri Ram (LSR) college witnessed its highest placement package for a final year statistics student in a bank position, while the number of offers jumped to 231 from 193 the previous year. The average CTC also rose to INR 9.80 lakh from INR 7.50 lakh last year.

Also read: A Startup Co-founder Met A Match On A Matrimonial Site & Tried To Hire Him; Guess What Happened Next?

The Shri Ram College of Commerce, secured a record-breaking 297 offers, almost a 123% rise from the last year and is the highest number of offers ever. The highest package was INR 30.60 lakh versus INR 25 lakh last year and the campus average salary is now INR 10.8 lakh from INR 9.86 lakhs

Chennai’s Loyola College snagged an INR 22 lakh offer from Bharat Petroleum and Christ (Deemed to be University), Bangalore, the average salary rose from INR 4.5 lakh last year to INR 5.25 lakh this year.

At St. Xavier’s, Mumbai, the maximum offer was INR 30 lakh from a global FMCG (fast-moving consumer goods) and the average CTC increased to INR 6-6.5 lakh from INR 4.5-5.5 pre-pandemic.

“Our fresh graduates’ hiring this year will be significantly higher than previous years from across streams such as commerce, sciences, humanities, and engineering across our businesses at competitive salary brackets,” Said Sandeep Kohli, EY India Talent Leader.

You might also be interested in reading:

1. 85% Of Engineering Graduates Cannot Be Employed Directly; Infosys Foundation Chairman Sudha Murty Tells At A Convocation
2. 2.2 Lakh Freshers Hired In FY22; How Are IT Companies Handling Attrition?
3. Chak De India! Check Out The Indian-Origin CMOs On Forbes Top 50 Entrepreneurial CMO List Of 2022
4. IIIT Allahabad Closes MBA Placements With A Highest CTC Of INR 35 LPA; 75% Students Placed!
5. These Third Year Mechanical Engineering Students From Mysuru Made A Cooling Cart To Help Local Vendors!