B-school grads have endless job opening this year. India’s top recruiters have started hunting for these graduates to fill up vacancies in eCommerce, IT and outsourcing sectors.
The pandemic session is not over yet. But, there is no stoppage for top consultants and recruiters who have starting filtering the best of business graduates. A premier Hyderabad-based B-school recently set its perfect example, wherein placements for business grads were overwhelming in count. Its outgoing PGP batch won all-time high average CTC worth INR 28.2 lakh.
It is way more 8.3% than that of the average that candidates bagged last year. Precisely speaking, the CTC touched 26.1 lakh last year. Despite the fact that COVID-19 is still all around, the placements showed no dip. However, online placements were conducted wherein more than 90% students participated.
Top Sectors with Bumper Openings
Consulting businesses, IT/ITeS Technology, BFSI, FMGC, retail, pharmacy & healthcare appeared the topmost sectors where vacancies were seen in abundance. The urban mobility sector, fintech, edtech, agritech and gaming companies were also there swarming to hire the fresh and talented blood. Although all industries came with tempting CTCs, yet e-Commerce won the game. It introduced openings of 3%, offering an average CTC of INR 32.14 lakh. Among all, the topmost recruiters came from IT/ITeS/ Technology and e-commerce industries.
Consulting firms were busy in onboarding, as they had 388 offers to join McKinsey & Company, Deloitte India, Deloitte USI, Accenture Solutions, Bain & Company India, Kearney, PwC, ZS Associates, KPMG, GEP Solutions Alvarez & Marshal India, LEK Consulting & Arthur D Little and Ernst & Young LLP.
Banking, finance services and insurance sector (BFSI) had almost 9.5% of total openings, which included hiring for finance roles in non-BFSI firms. Most of the business grads picked up profiles in corporate finance, private banking, investment banking and fintech.
Pharma and healthcare-based firms were also hunting for young graduates. It came with 5% vacancies to fill up.
Besides, top FMCG MNCs filtered talented candidates in a variety of operations, such as supply chain and operations.
Condition of India’s Job Market
The hiring momentum is back on track now. Top HR consultants & placement agencies in Delhi have figured out a marginal dip of 2% in the active job counts in February.
Unlocked and increased business activity in airlines, hospitality and entertainment industries has also marked a positive impact on other associated industries servicing.
Many large enterprises are coming back in action as the vaccination programmes are on in full swing here. Unfortunately, it was 2% lower than the count in January 2021. But, the next quarter may bring an upping in the trend of active job counts with full time opportunities.
Full-time remote job openings have continued to keep their curve up, scrolling up to 8,000 in February, as against 7,000 in January and 5,000 in December 2020.
Internship opportunities also registered a sharp up if compare to January, as it increased 60% on an m-o-m basis, which is nearly 9,000 as against 5,000 in January. These openings are likely to exceed expectations in the coming months.
As businesses are adapting digital means and automation, the hiring in the IT-software/software services industry is booming, recording a sharp growth of 33% in February compared to January, according to the survey of Naukri.com.
In the nutshell, the telecom sector has scrolled up openings upto 24% in February. Other key sectors such as medical/healthcare have registered 28% growth. Education/teaching has also recorded a surge of 25%. FMCG and BFSI, respectively have shown a growth of 20% & 17% of total hiring.
However, the insurance sector appeared the worst player as it had a flat hiring trend in February.
So! Jobs are back in the metropolitan cities of India, recruiting talented and skilled candidates by offering double-digit growth in Bangalore, Hyderabad, Delhi NCR and Pune.