There’s no better time to be an MBA…especially if you want to work for Infosys.
On Feb. 13, Infosys announced it would be recruiting 200 or more MBAs for positions in the United States, Europe, and Asia. That level of recruiting would make the company one of the top ten hirers of MBAs in the world, along with McKinsey, Bain, BCG, Deloitte Consulting, JP Morgan Chase, and Amazon.com.
These positions are expected to pay $120,000, with hiring to be completed by June. This will mark the first time in four years that Infosys has hired MBAs from any business school worldwide.
In the United States, Infosys recruiters will visit “Harvard, Wharton, Kellogg, New York University Stern School of Business, The University of Chicago Booth School of Business, and University of California Los Angeles,” according to The Economic Times.
Globally, Infosys will be “making offers in London Business School, Said Business School at Oxford, INSEAD, Rotterdam School of Management, International Institute for Management Development in Switzerland, and ESADE in Spain. In Asia-Pacific, recruitment drives are on in the Asian Institute of Management, Manila, Melbourne Business School, and Australian Graduate School of Management in Sydney, National University of Singapore, and China Europe International Business School in Shanghai.”
Headquartered in Bangalore, Infosys is a leader in business consulting, software development, and outsourcing. With 158,000 employees working in 30 countries, Infosys generates over $8 billion dollars in annual revenue, with nearly two-thirds of that coming from North America.
Infosys’ MBA recruiting efforts are designed to bolster its consulting business, particularly in client relations. Pascal Matzke, a vice president at Forrester Research, attributes this hiring binge to Infosys realization that “it has a lot of great technical skills, but not business skills.” This (hiring global MBAs) is to beef up business capabilities and skills so that they really can compete with the likes of Accenture.”
However, Matzke wonders if 200 MBAs will be enough. He also questions whether relatively inexperienced graduates can deepen client relationships. “I don’t think so. I think it needs further hiring also of some more senior people.”
These hirings are also taking place after Infosys cut 1,823 employees during their third quarter. Infosys also carries a high 18% attrition rate. However, Srikantan Moorthy, Infosys’ senior vice-president and group head of human resources, believe that recent efforts to boost employee engagement will make Infosys a great long-term investment for MBAs. “…We know it is going to take time. We expect these to yield results in the next four-eight quarters.”