Mounting cash for IIM students
With the placement season coming to a close the IIM's continue to create the buzz. The placement season has been a success both in terms of number of employers and salary packets.
In IIIM-Calcutta the interviews were slotted over five days, however, within 4 days itself all the 356 students were placed against a total of 423 offers. An impressive response from sectors such as FMCG, telecom, media and pharmacy companies like P&G, HUL, ITC, Kraft Cadbury, Nestle and Johnson & Johnson, Bharti Airtel, Vodafone, Biocon, GSK Pharma, Novartis and Times Group were noted.
IIM- Ahmedabad received 17 offers from Boston Consulting group compared to the 11 offers last year. Renowned companies such as McKinsey, Bain & Co, AT Kearney, Accenture and Oliver Wyman participated actively. The average salary offered was within the range of Rs 22 lakh to Rs 27 lakh.
Even IIM-Bangalore placement saw 423 offers from 126 organisations for 363 PGP students. The 423 offers were inclusive of 206 final placement offers, 124 lateral placements and the remaining 93 were pre-placement offers. The consultancy sector was the major hire while the finance and sales marketing sectors were in second place with 22% and 21% of students respectively. Around 36 first timers including Zynga, Redbus, Development Bank of Singapore and Raymond also took part in this. Various overseas offers based in Hong Kong, Singapore, Dubai, London, Paris, New Jersey, Dallas, Seoul and Switzerland were also made. Last year 74 offers were made against the 43 offers made this year. Read More...
IIM-Lucknow has 446 offers in hand by 216 companies for 389 graduating students. Many first timers around 56 companies such as Michael Page International, Target Retail and Ingersoll Rand took part in the placement.
Last but not the least IIM- Kozhikode placements saw a 47% increase in first time recruiters, which included concerns like Global Environment Consulting (GEC), String Infotech, Head Hunters and Arbitron. Here, a total of 135 companies participated and the most amazing offer of $150,000, was made by a Europe-based investment bank First timers like Sports Cradle, Global Environment Concern, Neudesic and Heckyl also took part.
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