Graduates are affordable, learn fast, say companies


TOI

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MUMBAI: It’s not just engineers who are getting hands on experience before their MBAs. Even arts, science and commerce students are doing that before pursuing professional degrees. And companies are rolling out the red carpet for them.


"Global firms are hiring our students for exciting positions. They are not being called for frontdesk or BPO jobs anymore. The average salary is in the range of Rs 3 lakh," said KC college principal Manju Nichani. Interestingly, that is the average annual compensation students in Mumbai’s second- and third-tier management schools are also talking about. Although placements are still on, recruitment cell coordinators at N L Dalmia Management College quote the same kind of salary numbers.


Lala Lajpatrai, an institute with a commerce college and a management school, is seeing corporates getting equally enthused about hiring graduates and postgraduates. "Management students wonder how salary levels for them and for commerce students are similar. After all, management students who have invested good money would like to get higher salaries. We tell them they can have an edge over commerce graduates by taking one more degree,’’ said Asha Aggrawal, placement officer at the college.


Shaily Gupta, group head for Human Resources at Edelweiss, said they hire 200% more undergrad commerce students than the candidates they select from B-schools now. "Apart from being more affordable, undergrads come with no baggage and have a high learning orientation," she said. No matter the degree they hold, everyone starts as trainees and undergoes six months of training to understand the business and move up based on their performance.


K V Mangaonkar, principal of Mithibai College, said companies coming to his campus were hiring large numbers of undergrads specializing in niche courses like accountancy and finance, management studies and economics. To ensure that students are suave in their interviews, Mangaokar even hires an external communications agency to help polish their interpersonal skills "From broking houses wanting students to operate the bolts to selecting candidates for analytics, almost every student who wants to be placed has an offer letter."

 

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