Young MBAs are flocking to PSUs again to realize their career dreams. Having fallen out of favour with young MBAs, the PSUs are again becoming preferred recruiters due to good pay scales, better working conditions and a down-in-the-dumps private sector. Therefore, it’s no surprise that instead of joining the private companies, freshly-minted management graduates are making a beeline to join PSUs, including IOCL, HPCL, BPCL, SBI, PNB and others.
Things are looking up for them as many of them continue to remain highly profitable and are in an expansion mode, which requires additional staff. All this bodes well for new MBAs, who have found a new saviour in them.