Source | The Economic Times : By Sreeradha Dasgupta Basu
MUMBAI/NEW DELHI: Leading recruiters descended on B-school campuses in a fiercely competitive battle to get the best MBA talent on board but overall hiring numbers took a hit in what was arguably one of the most challenging placement seasons in recent years. Placements 2017 drew to a close with IT company Cognizant powering ahead of ICICI Bank and Deloitte to emerge as the top recruiter across 26 of India’s top B-schools, an exclusive ET survey revealed.
Now in its seventh year, the ET Top Recruiters Survey found that 10 of India’s biggest recruiters hired a total of 1,175 MBA students from 26 leading B-schools in 2017. That compares with 1,543 hires in 26 campuses by the top 10 in 2016 and 1,033 hires from 22 campuses in 2015.
Trends suggest that companies across the board cut hiring numbers overall due to a combination of factors including the immediate post-demonetisation impact, caution on the part of recruiters and a slowdown in business sentiment, partly because of global uncertainty.
That, however, didn’t stop consulting and IT services companies from dominating the top 10 rankings — as in previous years — barring a few upsets here and there. Cognizant, which was displaced by Deloitte last year after a three-year run at the top, reclaimed the crown, with 226 hires in the surveyed campuses.
ICICI Bank, the only Indian banking major consistently on the list since 2013, came in at second place with 191 hires across these campuses.