Banking/Financial Services Recruit heavily at Indian B-schools

Well, I have settled in comfortably in my new job at The Gallup Organization in Bangalore, India. Actually, I am enjoying it a lot here. The work is interesting and stimulating. It is more befitting of an MBA from a reasonably good institute in India.

Lately, I have been thinking of the aggressive recruitment in Indian B-schools by the Banking and Financial Services Industry (BFSI). I heard tons of these stories from students, message boards, blogs et al.

– ICICI bank recruits 60 management graduates from ABC Business School
– Citibank recruits 15 students in a day at a leading B-school
– HDFC bank picks up the best candidates on Day 1 of placements
– Indiabulls draws out aggressive recruitment plans
– BFSI- the biggest recruiter at B-Schools across the country

Now, this sector definitely picks up students for finance-related jobs from the top B-schools in India. But, what happens to the people from a second-rung college. Inevitably, these folks are made a part of the sales force. Such is this incremental addition to the sales force, that I wonder whats the reason.

I was talking to a friend last night and he was telling me that Marks & Spencer also sells insurance through its stores in London! Zapped! Then I realized something, the BFSI products/services move along a continumm that forces it to adopt a mass-distribution model. The product life cycle starts off with a limited, exclusive distribution and moves to an off-the-shelf distribution as the market evolves and competition grows. Maybe, this also points toward the fact that there can be a limit to financial engineering to tune and fine-tune products.

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One thought on “Banking/Financial Services Recruit heavily at Indian B-schools

  1. But it a good thing, some real convergence of academics with the business needs, especially through IT centric jobs.

    -Ashwin.
    http://WWW.BFSIFORUMS.COM – The free online community forums for the Banking, Financial Services and Insurance (BFSI) World.

    Like

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