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Home Education Demand for tech-savvy managers continue - Times of India

Demand for tech-savvy managers continue – Times of India

Pandemic slowdown might have forged the sceptre of uncertainty on the longer term of freshers, but when the location figures of the Indian Institutes of Management (IIMs) are something to go by, the prospects for future managers have by no means been higher. Many of the B-faculties have recorded 100% placements this yr regardless of the well being disaster as a result of administration schooling will get valued extra in troublesome occasions, says Abhishek Goel, professor and chairperson of the Career Development and Placement Office, IIM Calcutta. “Pandemic has forced the companies to increase efficiency levels which increases demands of management thinking and skills. Several businesses are restructuring, which has increased the demand for fresh talent from top management institutes,” he provides.

IIM Calcutta’s 100% placements this yr noticed elevated calls for in enterprise consulting, IT and product administration associated roles with almost 60% of the outgoing college students opting for them. A complete of 172 corporations participated within the ultimate placement course of the place the typical and median salaries rose to Rs 29 Lakh and Rs 27 Lakh respectively. Major software program providers and e-commerce platforms boosted their hiring from the institute’s campus as manufacturers together with Microsoft, Amazon, Flipkart, Paytm and so forth recruited 24% (111 college students) of the batch for numerous product administration and fintech roles.

Professor Debashis Chatterjee, director, IIM Kozhikode, says his institute took on the pandemic problem head-on with the idea that this can be a ‘golden crisis’. “We had foreseen long before that geographical and physical barriers in education can only be bridged by technology. It is that experimentation that gave us the confidence as we planned to take on the challenges of the upsetting of a well synchronised academic calendar, and the aspects of safety and social distancing norms. The success of our summer and final placements is a testimony to the resilience and competence of our students, alumni, faculty and administration.”

IIM Kozhikode witnessed 100% placements with presents rolled out by 137 recruiters, a 4.6% improve as in comparison with final yr. The imply wage stands at Rs 22.5 lakh/annum whereas the median wage is at Rs 20 lakh/annum. While 32.7% of the presents had been rolled out by the consulting cluster this season, which is a 12.5% improve from final yr, some of the lengthy-time period collaborative recruiters on this area that participated had been Accenture Strategy, Cognizant Business Consulting, Deloitte to say a number of. This yr, 21.5% of the presents had been made within the monetary sector, with the bulk of the presents being secured from reputed monetary establishments together with Axis Bank, Bank of America, Citi Bank, Deutsche Bank and so forth.

Reflecting upon the position of new-age managers in a quick-altering world, Chatterjee says, “The new attitude that generation Z will bring to the enterprise will shift business thinking from consuming to caring. The new generation of managers will benefit immensely from professional attitudes shifting from the egocentric managerial world towards a more eco-centric, purposeful business. They have to be pillars supporting organisational leadership, not caterpillars eating away the vitality of the enterprise.”

Among the newer entities, IIM Udaipur is pretty upbeat about its placement prospects “since the quality of recruiters and job roles have gone up ever since the institution focussed on building stronger industry relationships”, says Janat Shah, director, IIM Udaipur, that has applied a ‘rolling horizon’ placement technique extending from November 2020 until the institute’s convocation in April 2021.

The demand for jobs in consulting firms, e-commerce and know-how (together with IT) are on an increase on the campus, adopted by respectable recruitments in banking and finance, specifically fintech. “Manufacturing and the FMCG sector witnessed marginal decline while international placements have dried up post covid as against the institute’s good presence in Dubai (around 5% placements) in previous years,” Shah provides.

“We have had a few offers revoked by the recruiters for our 2018-2020 batch, but our efforts have helped students find some good opportunities to settle in. Since we have forged a strong bond with our corporate partners, having an offer revoked is a rare occurrence,” he says. The Institute focussed on digital transformation within the pre-COVID section with a one-yr MBA Digital Enterprise Management programme to groom tech-savvy managers. Compulsory programs on Digital Marketing, Digital Technology and Business Analytics have additionally been launched in its 1-yr MBA maintaining in view the rising job market.

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