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Who do you think were the top in the list of Most Coveted Recruiters for MBA students in India? In keeping with the times, investment banks are no longer major favourites for employment for MBAs from India’s leading business schools says a recent survey. The Economic Times quotes a survey by Teamlease, Synovate and MBA Universe as saying that Lehman Brothers (ranked 4 last year) and J P Morgan (ranked 11 last year) do not at all now appear in the list of Top 25 Most Coveted Recruiters for 2008.

The survey covered top schools including the IIMs, XLRI, Jamshedpur and the Jamnalal Bajaj Institute of management, Mumbai.

The first four slots go to traditional favourites: McKinsey & Company, Hindustan Unilever, Boston Consulting Group and Proctor & Gamble.  Despite  adverse remarks in some parts of the media, ICICI Bank came in the 5th position. At Rank 6 was the Tata Group ( moving up from Rank 10 last year). The Reliance Group moved smartly to rank 7 from Rank 17 last year.

There is a real danger of an economic slow down in India- affected as we are by events in the US and elsewhere. the rate of growth is expected to stand reduced to 7 to 7.5 % this year. Prime Minister Manmohan Singh however  is confident that we will return to a 9 % growth.

In this setting, while jobs may not be created with quite the same frenzy we saw in past years, MBAs from India’s top schools will still have a good range of choices to make. As always, there will continue to be a demand for top talent.

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    This is Post No: 342 of the “A Step A Day” series : To provide perspective and provoke thought to facilitate self-development across a wide spectrum of issues- big and small- crucial for executive success.