Banks eye batch of '24 in engg, biz schools

India’s top banks are looking to hire aggressively from the batch of 2024 in engineering, business and graduate colleges to complement hiring from the market, augment digital initiatives and compensate for losses in front-line sales staff.

- Devina Sengupta & Shayan Ghosh

According to bankers and executives at some of the large engineering and management colleges, compensation could range from ₹8 lakh to ₹40 lakh, depending on the roles on offer.

Axis Bank, Bank of Baroda, Standard Chartered Bank, HSBC India and Deutsche Bank India are among those who have approached for roles ranging from sales and marketing, to global banking, said a placement executive at a Bengaluru-based engineering college that has more than 1,000 students to place in the 2024 batch.

“Last year, we had hired about 180-200 students from campuses, but this year, the target is higher. If we hired 10 students from tier 1 B-schools—mostly the Indian Institute of Management—this year, it will double," a banker at one of the lenders mentioned above said on condition of anonymity.