E-commerce firms, startups head to B-schools for talents, offer lucrative package

E-commerce companies and startups are heading towards B-schools including the Indian Institutes of Management (IIMs) to hire next pool management talents, with stronger domain knowledge, this year.

Companies are hiring IIM and B-school graduates, who are well aware and have the in-depth understanding of innovative mobility solutions and knowledge of local markets besides offering them enticing perks including a good hike in salary.

Among many companies including Amazon, Paytm, ShopClues and Flipkart that are recruiting, startups like Go-Jek and UpGrad are also going to IIMs for hiring purposes.

Paytm plans to hire about 60-70 from B-schools and for the larger organisation, the company is expected to hire at least 80-90 graduates.

E-commerce firm Shopclues according to ET report has already marked institutes like MDI Gurgaon, Symbiosis Centre for Management and Human Resource Development (SCHMRD), XLRI, IIM Nagpur and Calcutta to hire talents from.

Amazon, Paytm, and Flipkart are offering lucrative package among these e-commerce companies with an annual CTC of Rs 20 lakh to 39.5 lakh per year. The Flipkart-owned Myntra-Jabong are offering Rs 18 to 25 lakh. While UpGrad’s best offer is Rs 15 to 18 lakh, Go-Jek is offering Rs 25 lakh.

Meanwhile, IIFT Delhi has been a 63 per cent rise in e-commerce offers coupled with a 19 percent jump in the average salary package this season.

While top IIMs will host final placements next month, B-schools have already completed the process.

Also Read: Big tech firms prefer IIT postgraduates engineers, offer higher salary

Most of the companies that are opening up its operations in India are also looking towards B-schools for bright talents. Over the years, the number of startups, mostly large e-commerce firms, hiring from these institutes has almost doubled.

Earlier, Tech giants like Google, Facebook, Amazon and Uber are doling out huge money to recruit AI talents, according to a recent report.

Of late, the demand for AI talents has gone up. Demand for AI and machine learning specialists in the country are expected to see a 60% rise by 2018 due to increasing adoption of automation, according to KellyOCG India.