Latest news with #NeeleshGupta
India Gazette
3 days ago
- Business
- India Gazette
Campus hiring rebounds in FY25 with 15% rise in hiring budgets: Deloitte
New Delhi [India], June 5 (ANI): Campus hiring has rebounded in the financial year 2025 with a 15 per cent increase in companies' hiring budgets and about a 3.91 per cent salary hike offered to future-ready students, according to the latest report by Deloitte. Deloitte's Campus Workforce Trends: Placement cycle 2025 reveals rising confidence in future-ready talents. Speaking on the survey, Neelesh Gupta, Partner, Deloitte India, said, 'We are witnessing a fundamental redefinition of campus hiring, one where skill alignment, early engagement and long-term retention are no longer isolated strategies but interconnected levers of sustainable talent development.' As per the survey, the employers are doubling down on skill-first strategies fuelled by technology and purpose, from smarter screening to stronger retention. As a result, campus attrition has dropped by 300 basis points in FY25, reflecting more substantial alignment between talent potential and business needs. Gupta added, 'The future will belong to organisations that embed purpose, adaptability and trust into every stage of the early-career journey, creating not just jobs, but meaningful and sustainable careers,'. The survey says that organisations are recalibrating how they engage and retain young talent in a tech-forward world to minimise the campus-to-corporate acclimatisation period. Internships are being reimagined through behavioural assessments, learning agility, technical assessments, cultural alignment and digital DNA as pivots to early-career development. These shifts deliver measurable outcomes as Pre-Placement Offer (PPO) conversions have surged by 24 per cent in FY25, reflecting a more deliberate, skill-aligned and future-focused approach to nurturing next-gen talent. In response to the widening gap between academic output and industry needs, the survey reveals a strategic shift in early-career hiring, favouring a skills-first, AI-enhanced and outcome-centric approach over conventional credentials. A compelling 87 per cent of engineers surveyed are actively pursuing upskilling opportunities to stay competitive in an evolving tech landscape. Cybersecurity and robotics are the top-paying tech skills in campus placements, offering 10-20 cent pay premiums. In management, social selling and agile skills command similar pay advantages. Even with this emphasis, 1 in 3 organisations believe their employees have a limited understanding of the skills required for career growth. The report observed that Karnataka's capital, Bangalore, has emerged as the most preferred work location for the fifth consecutive year by campus graduates, followed by Hyderabad, which replaces Delhi (NCR) in 2025. The survey reveals that the technology sector remains the top choice among students, followed by Financial Services (FS). Consumer products and manufacturing are preferred towards the end. Among the top two career choices, MBA graduates opt for management consultants and product managers, while fresh tech graduates prefer software development engineer and data scientist roles. (ANI)
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Business Standard
3 days ago
- Business
- Business Standard
After a dull 2024, pay bump at top campuses for MBA, BTech graduates
Following a stagnant 2024, engineers and management graduates are set to receive higher salary offers across leading campuses, indicating a revival in hiring activity, The Economic Times reported. According to the 'Deloitte Campus Workforce Trends: Placement Cycle 2025' report, median salaries for B-school and engineering graduates are projected to rise by 8.3 per cent and 4.3 per cent year-on-year, respectively. This comes after a decline of 9 per cent for MBAs and 0.1 per cent for engineers in 2024. The report, which looked at placement data from 508 academic institutions and surveyed 238 companies across various industries, highlights improved compensation trends. At the top 10 Master of Business Administration (MBA) colleges, as ranked by the National Institutional Ranking Framework (NIRF), the median annual salary is expected to reach ₹26 lakh in 2025, compared to ₹24 lakh in 2024. For the top 10 BTech colleges, the figure is projected to rise to ₹17 lakh from ₹16.3 lakh in the previous year. Compensation declined for 2024 engineering graduates Engineering graduates from the Indian Institutes of Technology (IITs) in 2024 experienced a dip in salary offers. Separate studies by Deloitte and TeamLease indicate that the annual compensation for this cohort ranges between ₹15 lakh and ₹16 lakh. According to Deloitte's 2024 study, average salaries saw a slight decrease for graduates from the top 10 engineering institutes. Drop in median salaries for 2024 batch A TeamLease Services study found that the median annual salary at the older IITs dropped to approximately ₹15 lakh–₹16 lakh in 2024, down from ₹18 lakh–₹20 lakh in 2023. At the Indian Institute of Management Ahmedabad (IIM-A), the highest offer for the PGPX Class of 2024 fell to a six-year low of ₹54.8 lakh per annum. Engineering degrees lead compensation growth in 2025 The report quoted Neelesh Gupta, partner at Deloitte India, as saying, 'Engineering degrees are leading year-on-year compensation growth (4.65 per cent), outpacing management degrees (2.19 per cent).' BTech graduates continue to secure the highest salary packages, followed by Bachelor of Law and BBA graduates. Compensation growth was strongest in manufacturing, followed by the consumer sector, while life sciences and pharmaceuticals showed the weakest growth. The share of performance-based compensation, or 'pay at risk', has become standard in campus hiring. '97 per cent of organisations have adopted short-term incentives, bonuses, or performance-linked pay,' the Deloitte study reported. Pre-placement offer (PPO) conversions across all degree types rose by 24 per cent in the financial year 2024-25 (FY25) compared to FY24.
Mint
3 days ago
- Business
- Mint
Job market to bounce back as campus hirings improve in 2025: Deloitte report
New Delhi: Campus hirings bounced back in the 2025 placement season as pre-placement offers increased, with conversions rising by an average of 24% from last year across all degree programmes, Deloitte's Campus Workforce Trends Report 2025 showed. The consulting firm analysed inputs from over 200 organizations and reviewed data from over 500 campuses in this study. In FY25, compensation increased by 3.9% compared to the 2024 placement cycle across all degree programmes, the report said. Over the past five years, there has been a 3.1% growth among all degrees. Notably, the MBA programme recorded the lowest growth of 1.6% among all degrees. Additionally, companies increased their campus hiring budgets by 15% to ₹ 4.41 crore in FY25 compared to FY24. This upward momentum underscores a renewed corporate commitment to harness emerging talent, driven by clear foresight and the needs of industry, Deloitte stated. Among various sectors, technology has emerged as the most preferred choice for students for the fifth year straight, followed by financial services. Meanwhile, the manufacturing sector recorded the highest compensation growth compared to last year, followed by the consumer sector. Life sciences/pharma, however, ranked last in growth. Despite the improvement in the job market, the skill gap stares employers in the face as they hire freshers from across streams. 'Despite rising demand for graduates, only 51% of Indian graduates are considered job-ready, primarily due to gaps in vocational training and practical skills, according to the Economic Survey report 2023-24,' the report adds. 'Skill-based hiring is the new pivot for organizations in the 2025 campus placement cycle. While AI (artificial intelligence) and ML (machine learning) continue to remain in demand, we are seeing 10-20% pay premium on IoT (internet of things) integration, rapid prototyping, robotics in the engineering side and investment management, M&A / integration management and financial modelling in the management side,' Neelesh Gupta, partner, Deloitte India, told Mint. 'Use of AI for skill-based matching, application parsing and virtual engagement of candidates is being embraced by progressive tech-first organizations,' added Gupta. The report highlights that to address this, universities and businesses are increasingly prioritizing real-world experience, industry collaborations and continuous learning to prepare students for the modern workforce. Essential components include internships, alumni networks and customized training programmes that equip students with the necessary skills. 'While Tier 1 and Tier 2 campuses record a surge in internship opportunities (2% and 4%, respectively), Tier 3 institutions face a 3% drop, highlighting a widening access gap,' the report also says. Emerging trends, such as hybrid roles and the demand for digital skills, are transforming recruitment practices and helping graduates get ready for today's job market and its evolving future.
