Campus hiring by ecommerce companies and startups is once again on the rise at the country’s leading business schools after a slide in the past two years.
Ecommerce companies such as Amazon, Paytm, ShopClues and Flipkart — back after a year’s hiatus — to debutants like Go-Jek and UpGrad are among those going to the Indian Institutes of Management (IIMs) and other premier B-schools this placement season to recruit the brightest management talent.
“This placement season, we are planning to hire about 60-70 from B-schools for Paytm Mall, and for the larger organisation we will hire at least 80-90,” said Manav Jain, associate vice president, Paytm.
“This is an increase from last year since we have been continuously adding to our business portfolios over the last few months,” said Jain.
Sayan Dutta, head of university relations for India at Amazon, said, “We remain committed to investing in MBA talent as we scale up our operations in India.”
ShopClues is hiring engineering and B-school graduates to fill vacancies, said Babu Vittal, human resource (HR) head at ShopClues, with more than 30 of them being management graduates.
Institutes On Radar
Institutes on ShopClues’ radar are IIM Calcutta, Management Development Institute (MDI), Gurgaon, Symbiosis Centre for Management and Human Resource Development (SCHMRD), XLRI and IIM Nagpur.
Ola senior vice president Yugantar Saikia said the cab aggregator is planning to visit seven-eight campuses and hire students who will play an integral role in helping the company expand its operations with innovative mobility solutions.
B-school grads will join Ola’s operations, product management and human resource teams, and some may even work on a rotational assignment basis, said Saikia.
While top IIMs will host final placements next month, at Bschools that have already completed the process, the increase in ecommerce and startup hiring is evident. These schools had seen hiring by the segment reach a high in 2015, then decline as the sector went through a rough patch.
Things are looking up again. At Indian Institute of Foreign Trade (IIFT), Delhi, for instance, there has been a 63% rise in ecommerce offers coupled with a 19% jump in the average salary package, said Sanjay Verma, placement advisor.
Students of Mumbai-based SPJIMR have got 27 offers from ecommerce companies: 10 from Flipkart; seven from Amazon and four from Paytm. Salaries offered ranged from Rs 20 lakh to Rs 39.5 lakh per year. MDI Gurgaon placements chairperson Kanwal Kapil said 10 companies from the sector absorbed 23 students this time. Major recruiters included Oyo (six), Lenskart (two), Moglix (two) and UpGrad (three).
Online education platform UpGrad is recruiting from Bschools for the first time this year. It plans to hire 15-20 students from the IIMs at Ahmedabad, Bangalore, Calcutta, Lucknow and MDI, said cofounder Mayank Kumar.
Another startup making its debut at management schools is Go-Jek, Indonesia’s first unicorn.
“We are hiring graduates with at least two-three years of work experience. We are looking at talent from the ISBs (Indian Schools of Business) and IIMs, as well as Great Lakes,” said Sidu Ponnappa, director, Go-Jek.
While UpGrad is paying salaries of Rs 15-18 lakh, Go-Jek is paying around Rs 25 lakh.
PERKS, ESOPS
“Innovative perks and ESOPs (employee stock options) are on the rise. One company in our portfolio is also considering a cryptocurrency-based reward system,” said Rohit Chokhani, principal founder of Mumbai-based early-stage venture capital firm White Unicorn Ventures, which has about 20 companies in its portfolio.
“Strong entrepreneurial skills will be preferred. Among the softer skills we are looking at are good time management, leadership abilities and conflict resolution.”
Apart from IIMs and other leading B-schools, the portfolio companies are also looking at local B-school hires in their territories because of candidates having a better understanding of local markets.
Apart from IIMs and other leading B-schools, the portfolio companies are also looking at local B-school hires in their territories because of candidates having a better understanding of local markets.
“One major trend we foresee at B-school placements this year is many more internet product companies like us opening verticals for programme management teams,” said Sriram Vaidhyanathan, chief human resource officer of BankBazaar. “This is an area in which companies will be investing heavily in terms of talent, so it looks to be a good year for management graduates.”
The online lending marketplace plans to recruit at least 15 graduates as business and product analysts compared with last year’s 10.
The demand for more management talent is also spurring some companies to add more campuses to their list. Online fashion retailers Myntra and Jabong are looking to recruit at least 5-8% of their organisational size off B-schools and have added institutes such as XLRI and IIM Lucknow to their list of campuses to recruit from, said Amit Mathur, head of talent acquisition, Myntra and Jabong.
Ecommerce companies such as Amazon, Paytm, ShopClues and Flipkart — back after a year’s hiatus — to debutants like Go-Jek and UpGrad are among those going to the Indian Institutes of Management (IIMs) and other premier B-schools this placement season to recruit the brightest management talent.
“This placement season, we are planning to hire about 60-70 from B-schools for Paytm Mall, and for the larger organisation we will hire at least 80-90,” said Manav Jain, associate vice president, Paytm.
“This is an increase from last year since we have been continuously adding to our business portfolios over the last few months,” said Jain.
Sayan Dutta, head of university relations for India at Amazon, said, “We remain committed to investing in MBA talent as we scale up our operations in India.”
ShopClues is hiring engineering and B-school graduates to fill vacancies, said Babu Vittal, human resource (HR) head at ShopClues, with more than 30 of them being management graduates.
Institutes On Radar
Institutes on ShopClues’ radar are IIM Calcutta, Management Development Institute (MDI), Gurgaon, Symbiosis Centre for Management and Human Resource Development (SCHMRD), XLRI and IIM Nagpur.
Ola senior vice president Yugantar Saikia said the cab aggregator is planning to visit seven-eight campuses and hire students who will play an integral role in helping the company expand its operations with innovative mobility solutions.
B-school grads will join Ola’s operations, product management and human resource teams, and some may even work on a rotational assignment basis, said Saikia.
While top IIMs will host final placements next month, at Bschools that have already completed the process, the increase in ecommerce and startup hiring is evident. These schools had seen hiring by the segment reach a high in 2015, then decline as the sector went through a rough patch.
Things are looking up again. At Indian Institute of Foreign Trade (IIFT), Delhi, for instance, there has been a 63% rise in ecommerce offers coupled with a 19% jump in the average salary package, said Sanjay Verma, placement advisor.
Students of Mumbai-based SPJIMR have got 27 offers from ecommerce companies: 10 from Flipkart; seven from Amazon and four from Paytm. Salaries offered ranged from Rs 20 lakh to Rs 39.5 lakh per year. MDI Gurgaon placements chairperson Kanwal Kapil said 10 companies from the sector absorbed 23 students this time. Major recruiters included Oyo (six), Lenskart (two), Moglix (two) and UpGrad (three).
Online education platform UpGrad is recruiting from Bschools for the first time this year. It plans to hire 15-20 students from the IIMs at Ahmedabad, Bangalore, Calcutta, Lucknow and MDI, said cofounder Mayank Kumar.
Another startup making its debut at management schools is Go-Jek, Indonesia’s first unicorn.
“We are hiring graduates with at least two-three years of work experience. We are looking at talent from the ISBs (Indian Schools of Business) and IIMs, as well as Great Lakes,” said Sidu Ponnappa, director, Go-Jek.
While UpGrad is paying salaries of Rs 15-18 lakh, Go-Jek is paying around Rs 25 lakh.
PERKS, ESOPS
“Innovative perks and ESOPs (employee stock options) are on the rise. One company in our portfolio is also considering a cryptocurrency-based reward system,” said Rohit Chokhani, principal founder of Mumbai-based early-stage venture capital firm White Unicorn Ventures, which has about 20 companies in its portfolio.
“Strong entrepreneurial skills will be preferred. Among the softer skills we are looking at are good time management, leadership abilities and conflict resolution.”
Apart from IIMs and other leading B-schools, the portfolio companies are also looking at local B-school hires in their territories because of candidates having a better understanding of local markets.
Apart from IIMs and other leading B-schools, the portfolio companies are also looking at local B-school hires in their territories because of candidates having a better understanding of local markets.
“One major trend we foresee at B-school placements this year is many more internet product companies like us opening verticals for programme management teams,” said Sriram Vaidhyanathan, chief human resource officer of BankBazaar. “This is an area in which companies will be investing heavily in terms of talent, so it looks to be a good year for management graduates.”
The online lending marketplace plans to recruit at least 15 graduates as business and product analysts compared with last year’s 10.
The demand for more management talent is also spurring some companies to add more campuses to their list. Online fashion retailers Myntra and Jabong are looking to recruit at least 5-8% of their organisational size off B-schools and have added institutes such as XLRI and IIM Lucknow to their list of campuses to recruit from, said Amit Mathur, head of talent acquisition, Myntra and Jabong.
Since they are among Day 1 companies at most B-schools, salaries are competitive, Mathur said. At ISB, for instance, the lowest offered by Flipkartowned Myntra-Jabong was Rs 18 lakh; the highest was ?25 lakh. “We are looking at those with a high level of ownership who can demonstrate a good culture fit. We want candidates who can learn quickly, strategise and execute work in various functions,” said Mathur.
No comments:
Post a Comment