Though IT companies are reducing their hiring number to beat the economic slowdown and uncertainty in the operation, there are still a few scouting talent from the prominent institutes like Indian Institutes of Management (IIMs).
A team of Economic Times (ET) reporters compiled hiring data from 119 companies at the country's top 21 B-Schools to come up with 'India's Top Recuiters List.'
Cognizant topped list
It’s raining jobs at Cognizant. The B-schools were buzz with hiring activity from this major international consulting firm.
The company has topped the recruiter list for the first time this year, making it to the top ten for three years in a row.
The US-headquartered company that zoomed past Infosys as India’s second-largest IT company after TCS in 2012, believes the best way to overcome the recession and gloomy time is to employ one MBA for every 20-25 tech professionals.
Nearly 200 management graduates have bagged jobs with the company this year and they are still on a hiring spree.
"Our industry-leading growth is, in part, a function of our ability to proactively provide solutions to business problems and not just technological capability. This attribute is strengthened by our MBA talent," says R Chandrasekaran, group chief executive, technology and operations.
MBAs are reportedly involved in a wide range of roles such as IT consulting, client relationship management, business development, opportunity assessment, M&A, business integration and analytics.
"We now have several groups within our Emerging Business Accelerator businesses, looking for MBA talent for their ventures," says Chandrasekaran.
India’s Top Recruiters List
A new entrant to the list was Capgemini grabbing the number two slot. Banglaore-based Wipro at fourth position hired 68 MBAs.
Bharti Airtel was the only telecom firm to employ hired 53 MBAs from the premier institutes. "We have made our list crisp," says Krish Shankar, executive director, HR at Bharti Airtel.
Accenture held on to its position in the top ten list with 48 new hires. TCS made it to the top ten and Infy dropped off, both for the first time in three years. IBM, on the number one spot last year has fallen off the top ten this year.
Boston Consulting Group hired more MBAs than rival McKinsey. The company was also the top recruiter at IIM’s Ahmedabad, Bangalore and Kolkata.
Sachin Nandgaonkar, senior partner and director at BCG stated, “There were fewer offers from others. For a consulting firm like ours, people are the raw material. We are hiring more. We also recognise that there are other bright people who for some reason have not made it to IIMs. We would like to see if thattalent gets attracted to BCG.”
Goldman Sachs, the only investment bank to make it to the top 10 list offered more jobs to women than men.
MD, Bunty Bohra stated, "We have been growing over the past seven to eight years and are expanding the breadth of our internship experience."