Now in its seventh year, The Economic Times Top Recruiters Survey found that 10 of India’s biggest recruiters hired a total of 1,175 MBA students from 26 leading B-schools in 2017. That compares with 1,543 hires in 26 campuses of the top 10 in 2016 and 1,033 hires from 22 campuses in 2015.
Cognizant ranked #2 in the paper’s annual ranking of B-school recruiters with 245 offers across 26 premier B-schools in India that were considered for the study.
Leading recruiters descended on B-school campuses in a fiercely competitive battle to get the best MBA talent on board, but overall hiring numbers took a hit in what was arguably one of the most challenging placement seasons in recent years. Placements 2017 drew to a close with IT company Cognizant powering ahead of ICICI Bank and Deloitte to emerge as the top recruiter across 26 of India’s top B-schools, an exclusive ET survey revealed.
James Lennox, Cognizant’s Chief People Officer, says, “We continue to see strong requirements of MBAs from premier B-schools as their contribution across lines of business has been significant. We believe that analytical problem-solving skills are inherent in MBAs.”
Sriram Rajagopal, Senior Vice President of Human Resources at Cognizant, says: “We have hired MBAs in significant numbers since 2000 and have been visiting premier B-schools in India, North America, Europe and APAC as a preferred recruiter for high-growth and challenging career opportunities that we are known to provide. Over the last three years, we have hired more than 1,200 MBAs to help propel our business growth. Cognizant is perhaps the most aggressive hirer of MBA talent in the country. We continue to hire MBAs to meet the requirements of our rapid growth.”
That, however, didn’t stop consulting and IT services companies from dominating the top 10 rankings — as in previous years — barring a few upsets here and there. Cognizant, which was replaced by Deloitte last year after a three-year run at the top, reclaimed the crown, with 226 hires in the surveyed campuses.
ICICI Bank, the only Indian banking major consistently on the list since 2013, came in at second place with 191 hires across these campuses.
Deloitte slipped to third, while IT services company Capgemini re-entered the list after four years at No. 4. Wipro held on to fifth position, while Amazon moved up three spots to six on the back of an aggressive campus hiring strategy. EY made its debut in the top 10 at seven. HCL Technologies made it back to the list in eighth place, having dropped out last year after placing at four in 2015. Accenture slipped to nine from last year’s six while KPMG also dropped three places to 10 from seven.
Infosys, which had returned to the top 10 after a four-year in 2016, dropped out of the list as did Tata Consultancy Services and IBM.
It should be noted that only the top 10 recruiters in each of the 26 B-schools covered have been considered for the purposes of the survey. The actual number of B-school hires for these companies across all campuses, they visited may be higher.