Many success stories at IIM-Ranchi placements

Satish Chandra Buriuly, a 32-year-old housekeeper from Jamshedpur has proven that underdogs can also become champions. Buriuly bagged a Rs 10 lakh job after doing an MBA from the Indian Institute of Management in Ranchi (IIM Ranchi), reported Indiancolleges.com.

According to reports, he was forced to work when his father expired. Hailing from a small village of Jamshedpur, he started working in a hotel in housekeeping at the age of 20. He cleared CAT in 2009 with 80.8 percentile and got through to IIM-Ranchi. Buriuly got two job offers in 2012 placement session- one in IT and the other at a carpet company. (Read full story)

On the whole, 43 graduates of IIM-Ranchi bagged top jobs in this placement session. The highest salary was Rs 24 lakh (approx.) while three students landed in international jobs in West Asia and South East Asia, reported The Telegraph.

Top recruiters in the finance sector include YES Bank, scooping off half a dozen students while ICICI dug 4 graduates. However, most handsome offer came from leading global money transfer and forex brand UAE Exchange. The highest domestic salary of Rs. 23 lakh was promised by a financial services firm to two IIM-Ranchi students. On the other hand, a Rajasthan-based production company offered the lowest of Rs 8 lakh. The average package this year came around Rs. 13.60 lakh.

According to IIM-Ranchi director M.J. Xavier, as many as 30 recruiters made a beeline to lap up the first batch with 65 offers. The placement session started in January and ended in last week of March. A minimum of 20 students got multiple offers.

Xavier told The Telegraph that placements went really well for a debuting batch for the basic two-year postgraduate management course. According to Dean (academics) Subir Verma, it was a matter of great pride for the institute that its first batch had received good placements. 

In spite of the downturn, Finance remained the most preferred choice for students who initially were mentored by experts from IIM-Calcutta. Approximately 44% students opted for jobs with financial institutions such as Citibank, HSBC, HDFC Bank and Reserve Bank of India (RBI), besides YES Bank, ICICI Bank and UAE Exchange. Flipkart, Godrej and Boyce, Pfizer, Maruti and Tata Steel were prominent among marketing and operation sector.

Saurabh Pratap Singh who is joining RBI received multiple offers. According to him, RBI is considered the bank of banks, where finer nuances of finance can be learnt in a much better way.

Other interesting reads:

- 1500 POs to be hired by IOB 

- Karnataka SSLC exams had a fine take off