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Take the case of the Indian Institute of Management in Lucknow (IIM-L) that achieved 100% work placements for its 2011 class of 366 MBA students.
Over 200 companies made a total of 528 offers, with a participation rate of 53 first-time recruiters.
"There was a marked improvement in the placements that we achieved here at IIM-L in 2011 compared with 2010, both in terms of quality as well as the number of offers,'' says Professor Rajesh Aithal, chairman of placements at IIM-L.
The placement week at IIM-L saw the return of finance firms in a big way. Prominent participating financial firms include Amex, Avendus Capital, Axis Bank, Baring Private Equity Partners, CRISIL, DBS, Edelweiss and many more.
Clearly, in India the financial services industry is recovering quickly from the credit crunch.
According to Professor Kanwal Kapil, chairperson for placement affairs at the Management Development Institute (MDI), "The 2011 job market is full of optimism.
"As for MDI, more than 100 companies turned up to the campus to offer jobs. Speaking about MDI, there has never been a problem of compensation packages with our students.
"They get a good amount of pre-placement offers and pre-placement interviews. In fact the number of offers that the graduates get would also grow with the scale of expected salaries in the coming years."