38% of the class was offered HR roles while 30% went to finance roles. Marketing companies made about 8% offers and business analytics got about 10% offers.
Most of the cuts will be in technical and engineering side, which command monthly salaries between Rs 40,000 and a few lakhs, depending on seniority.
Axis Bank chief economist Saugata Bhattacharya said that prudent recapitalisation will improve the lending capacity of banks.
India is not considered a study destination on the same lines as western countries, Singapore, Hong Kong, head of the Graduate Management Admission Council told ET.
Today, we are in a world very different from the time we joined the workforce. It is important to not just learn every day but also unlearn, said Pramit Jhaveri.
Summer placements have steadily been gaining popularity as internships provide the perfect platform to size up potential employees.
"The only way to create jobs is to have a social objective at the same time and create the required jobs", said Dutta.
Talent will primarily be sourced through campus hiring at engineering colleges, in addition to lateral hiring.
Around 80 recruiters made offers to the batch of 282 students. Companies hired students aggressively and 16 companies recruited more than five students each.
A manager must ensure that a recovery plan is in place and there are no loopholes. Dwelling on past mistakes or playing the blame game can only bring down the morale of the employees.
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