Economic Times | Prachi Verma & Sreeradha D Basu | ET Bureau | 15 December, 2015 |
NEW DELHI | Mumbai : Top consulting firms such as Bain, BCG and Ernst & Young are hiring fresh engineer graduates like never before, and most of these have almost doubled the number of offers they made in this campus placement season in the country’s top institutes. Indian Institute of Technology Kharagpur has reported more than 100 per cent rise in the number of offers for engineers from consulting firms compared to last year, while at IIT Bombay, the numbers are up 50 per cent for tier 1 consulting companies. At IIT Delhi, Roorkee and Guwahati, the rise in offers from this space is 30 per cent-40 per cent so far. “Lately, many of the consulting firms are getting a lot of work in the engineering space and this is pushing the demand for the engineers at colleges,” said Shashi Mathur, professor-in-charge of placement and training cell at IIT Delhi. Among top consultancies, BCG and EY have doubled the number of offers given to fresh engineers compared to last year while Bain & Co has increased it by 40 per cent.
Bain, which went to IIT Delhi and Bombay this year, is also looking at adding to the list in the future. Gopal Sarma, a Bain & Co partner who heads the recruiting process at the firm and also leads its Infrastructure practice, said the sharp increase in top talent coming to Bain from IITs is also based on the encouraging prospects from the economic environment. “We see excellent opportunities in the Indian top-tier consulting market,” he said. EY, which earlier recruited from IIT Bombay and Delhi, has started visiting IIT Madras and Kharagpur from this year. “This year’s intake from the IITs has increased by over 100 per cent and is primarily driven by business growth, constant need to hire the best project ready talent and to cater to the highend technical requirements in the digital transformation, data analytics, cyber security and other advanced technology space,” said Sandeep Kohli, national director for human resources at Ernst & Young. BCG hired 38 engineers from IITs this year. “We hired more than double from last year as associates for consulting roles involving complex analysis, hypothesis generation and problem solving,” said Amit Kumar, partner and director at BCG.
Uday Chawla, managing partner at executive search firm Transearch India, said, “This is clearly a war for ‘early’ talent. With government engaging a lot many consulting firms in its projects like e-governance, smart cities, digitalisation, etc., there is a clear pressure on consulting firms to acquire talent at all levels.” The fight is not limited to early talent. Transearch India is seeing over 50 per cent rise in the search mandates for senior level in the consulting space, Chawla said. Many consulting firms visited Kharagpur for the first time. The first timers included EY that made six offers and Kepler Cannon with four offers. This apart, recruiters included ZS Associates (20 offers) and The Chatterjee Group (nine offers). “The rise in overall offers is driven partly by the new recruiters as also more offers, including PPOs, from earlier firms,” said Atal Ashutosh Agarwal, vice president, technology students’ gymkhana, IIT Kharagpur. The offers by the consulting firms to the fresh engineering graduates is anywhere between Rs 10 lakh and Rs 30 lakh. – Courtesy