The Fast Moving Consumer Goods (FMCG) sector has emerged as the favoured choice for employment among fresh MBAs in India with 46% of the participants in a survey indicating it as their top preference.
The FMCG sector, valued at $31.6 billion in 2011, grew at a fast rate to touch $49 billion in 2016. The growth, led largely by household and personal care products is expected to touch $220 billion by 2025.
The Nielsen Campus Track B-School Study, 2017-18 by the research firm Nielsen India had covered 1,100 graduating students from 36 Indian business schools.
Meanwhile, Nielsen India’s Executive Director Sanjay Pal, said, “The FMCG sector is poised to grow at a healthy rate of more than double digits over the next few years. This is manifested in the increasing trend of recruitment in the sector amongst top B-Schools as well as students’ increasing interest in pursuing a career in this sector.”
Moving over to companies where Indian MBAs want to work, 195 graduates chose the Consulting firm McKinsey & Co. The company is among the regular recruiters during placements, giving roles to more than 100 graduates every year at its India-based offices.
India’s FMCG market is estimated to touch $104 billion by 2020 and the country is slotted to become the world’s third-largest consumer economy by 2025. This is the first time FMCG is topping the annual survey since 2014.
The second sector of choice for the graduates is Automobile (34%) followed by Consulting (31%). e-commerce (29%) continues its fall after topping as the most popular industry in 2015 and 2016. e-commerce continues to fall.
Work preference among Indian MBAs is different from their counterparts in the United States where financial services, consulting and technology rule the roost.
Consumer durables (27%) is sixth in the list followed by Retail (25%) and Analytics (23%).
Moving over to companies where Indian MBAs want to work, 195 graduates chose the Consulting firm McKinsey & Co. The company is among the regular recruiters during placements, giving roles to more than 100 graduates every year at its India-based offices.
Google, the choice for 189 occupies the second place. The third spot was a tie between Hindustan Unilever and Goldman Sachs with 172 each. Incidentally, HL has the distinction of being the most applied-to-company.
Next comes ITC, a cigarette manufacturer that diversified into FMCG, with 154, followed by P&G 146, JP Morgan Chase 143, BCG 136, Reckitt Benckiser and Microsoft in a tie with 124 each.(Image source: google.com)