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To: Mohan Marette who wrote (676)2/11/2000 4:56:00 PM
From: Mohan Marette  Read Replies (2) | Respond to of 1471
 
**OT** Back to work- booming job market


Just three months ago, Saurabh Singh, a 24-year old Indian Institute of Management, Bangalore (IIMB) student hit pay dirt. He signed up with the London-based consulting firm, MMG for an œ 100,000 annual salary with a mouthwatering chunk of stock options.

It?s party time at Delhi University?s Faculty of Management Studies (FMS). This year, the celebrations were particularly special because all 55 students of the batch of 2000, found placements within a record 36 hours.

At Jamshedpur-based Xavier Labour Relations Institute (XLRI), placements were through in three days instead of the mandatory one week.

B-schools, Dot.com upstarts, finance companies, marketing majors, even old-fashioned brick and mortar companies... after two years of one of the worst job droughts India Inc has seen, almost everyone?s hiring again.

Last year, placement officials in second-rung MBA institutes talked gloomily of the number of candidates who weren't placed. This year everyone has a happy story to tell.

"We had invited 56 companies to the campus but 16 had to go back dejected because everyone had been placed by the middle of day two," says joint placement secretary at FMS, Akshat Bansal, a civil engineer who is slated to join Gillette's marketing team.

business-standard.com