- Former FM of India, YashwantSinha addresses the 20th Convocation of LBSIM, Dwarka as chief guest
- ‘Make in India’ boosts employment trend in manufacturing sector; auxiliary sector also benefits.
- As a sector, E-Commerce emerges as a new hot employer and LBSIM announces an E-Com course.
- Over 100 companies visits LBSIM for campus placement in 2014, yet some face ‘house full’ situation.
New Delhi, April 04, 2015: While speaking as the chief guest at the 20th Convocation ofone of the leading business school in India, LalBahadur Institute of Management (LBSIM),India’s former Finance Minister and senior leader of BJP, YashwantSinha reflected upon the dynamics of the current Indian economy and pointed out the relationship between the central Government’s Make in India thrust and the placement trends shared by LBSIM. He further stated, “ The government of the modern time need to trust enterprise and then verify, and depart from the earlier practice of verify and then trust. We see that happening now in India and that is indeed an encouraging signal for business to grow.”
Pre-Convocation analysis shows that companies from manufacturing sector have shown a considerable jump in coming forward for placements. These companies are Vedanta Resources Plc, Spark Minda, DEE Pipings, Premium Transmission, Simbhaoli Sugars, HIL etc. Dr Arya Kumar, Director LBSIM too echoed similar views by saying, “Manufacturing companies are now picking up students with higher packages and this seems to have happened because of the new government’s policy with distinct shift in favour of Make in India.” Another independent placement trends survey conducted by a Delhi based market research agency,PRG India,based on data gleaned from universities located in Delhi/NCR, reveals a clear surge in the number of manufacturing companies visiting universities campuses for placements, thus reflecting the overall impact of the union government’s Make in India initiative.
With the growth of manufacturing sector as an employer, LBSIM has witnessed spurt in advertising and consultancy companies. Companies such as Rediffusion, Lowe Lintas, Amagi, Deloitte, KPMG, EY, BMR Advisors, Hackett, etc, coming forward clearly show that trend.
Welcoming the chief guest on the occasion, Anil Shastri, the former Union Minister and Chairman, Board of Governors, LBSIMstated that “LBSIM witnessed a remarkable feat of hundred percent placements this year in that the students of PGDM & PGDM-Finance have been placed in renowned companies like Infosys, TCS, Maruti Suzuki India Ltd., Marsh India, D.E. Shaw, Asian Paints, Ernst & Young, Deloitte, BMR Advisors, Varun Beverages (PEPISCO), Vedanta, KPMG to name a few. The students of MCA got placed in companies like NIIT, Aon Hewitt, Intelligrape, Naggaro, NEWGEN, Knoldus S/W, to name a few. Anil Shastri further observed that the Electronic Commerce commonly known as E-Commerce has emerged as a growing demand in the industry where demand surpassed the supply and LBSIM has already decided to introduce a first of its own kind specialized course on E-Commerce from 2015-16.”
Director Dr.Arya Kumar in his report highlighted the achievements of the last academic year and presented the details of this year’s placements. A total of 242 students graduated from LBSIM’s Post Graduate Programmes & received their Diploma’s at this year’s convocation.The awards were also given to students such as LalitaShastri Award, Best Summer Training Award, Best End Term Project Award, and TheAmit Chopra Award among others.
Dr Arya further stated that for the first time ever, almost 100 percent campus placement of its students for the passing batch of 2013-2015 has taken place much before all its students have finished their courses, but several companies out of 102 that visited the LBSIM campus for recruitment had to return empty handed because it turned out to be a ‘house full’ situation for them.
The placement coordinator Dr AlokPandey briefed that “ specialization wise, marketing took the lead (44%), followed by Finance (40%), to be further followed by Operations and HR in that order this year. The average salary package this year was Rs 7.9 lakh and the highest was 15.05 lakh per annum. However, we see that, unlike what happened 5 years back, students are more concerned about the profile than pay package.” Some of the prominent c ompanies that visited campus for recruitment were DE Shaw & Co., Marsh, Deloitte, EY, KPMG, Google, BMR Advisors, TCS, LG Electronics, Varun Beverages Ltd.(Pepsico), Kotak Mahindra Bank, Mid-com group etc.
Commenting on the growing importance of E-Commerce in placements, ProfessorPrashant Gupta stated, “ We witnessed significant demand in the e-commerce sector companies for recruiting the management students and hence. As response, we initiated e-commerce as an area of specialization.” The latest emerging buzz as the Career option for the Business schools students is also E- Commerce. The exclusive survey by Nielson Campus Track Business School 2015 reveals that E-commerce sector (28%) emerges on the top, to be followed by FMCG, Foreign Banks, Financial institutions/ Credit rating agencies, Management Consultancies, and large conglomerates.
A total of 242 students graduated from LBSIM’s Post Graduate Programmes & received their Diploma’s at this year’s convocation.
Gold Medals for outstanding academic performance and excellence were received by SanyaJunejain PGDM (General), PuneetTrikha in PGDM (Finance), VikasTyagiin PGDM(Evening) and Prabhat Kumar in PGDM (executive) respectively. Apart from this, the LalitaShastri Award for Best overall Performance in PGDM 2013-2015 was awarded to Ashim Gupta and the Amit Chopra Award Medal for Social Service & Extra Curriculum Activities 2013-2015 was awarded toSahilSingla. Guldeep Singh Khokharfrom PGDM (General) and Nikita Aggarwalfrom PGDM(Finance) received the Best Summer Training Award 2013-2015. Pradeep Kumar from PGDM, General from PGDM(Finance), VikasTyagifrom PGDM(Evening) and PrabhatKumarfrom PGDM(Executive) were conferred the Best End Term Project Award.
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