The Hindu : Other States / Madhya Pradesh News : IIM-Indore students strike a rich haul

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Sunday, Mar 06, 2005

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IIM-Indore students strike a rich haul

By Our Staff Correspondent

BHOPAL, MARCH 5. Indian Institute of Management-Indore has not only maintained its 100 per cent placement record but also registered a veritable increase in lateral offers and a 20 per cent increase in the average salary offered during Placement 2005.

An IIM-Indore statement received here said that the average accepted salary for its 2005 batch is Rs. 8.16 lakhs and the corresponding figure for the lateral offers stood at Rs. 8.60 lakhs. This time, a total of 202 offers were made to the batch of 112 IIM-Indore students. Hence many of them were obviously in a dilemma as they found themselves in the enviable position of having to choose from multiple offers.

Since the batch of 2005 at IIM Indore was rich in terms of experience, almost 80 per cent of the students opted for lucrative lateral placement offers. Most of these went hand in hand with commensurate increase in pay packages. Around 10 per cent of the batch had prized pre-placement offers from organizations like HLL, Standard Chartered Bank, GE, Wipro Technologies, Patni Computer Systems and Asian Paints.

Apart from the regular recruiters like Standard Chartered Bank, PepsiCo, ICICI Bank, Asian Paints, IBM, Wipro and Infosys Technologies, this season also saw relationships developing with ITC, Deutsche Bank, JP Morgan, Covansys, GSK, Accenture, Sathyam, CitiFinancial, Mahindra British Telecom, EXL Services, Kotak Group and Sony Entertainment Television.

The FMCG giants like HLL, ITC, Glaxo SmithKline, PepsiCo and Asian Paints picked up the bulk of marketing talent. The average accepted salary in this sector was 7.98 lakhs.

Pharmaceutical and Media sectors too were well represented by companies like Glenmark Pharma, Wockhardt and Sony Entertainment TV among others. The continued growth of the Indian IT sector was clearly evident with all the big names like Infosys Technologies, Wipro, Patni Computer Systems, CSC India, Mahindra British Telecom, Tata Consultancy Services and Sathyam Computers coming together to offer the highest number of jobs across sectors.

The Indian BPO industry gave strong signals of an exciting future as the average accepted salary in this sector stood at Rs. 9.19 lakhs with leaders like Progeon, Gecis, EXL Services and Evalueserve offering lucrative job profiles. The banking and financial sector was led by Standard Chartered Bank, Deutsche Bank, ICICI Bank, SBI and UTI Bank while the financial services sector was represented by organizations like Citigroup, Kotak Group, SBI Caps, ICICI Lombard and Larsen & Toubro among others. The average accepted salary in this sector was Rs. 8.40 lakhs.

With 21 per cent of students opting for consulting jobs, companies like TSMG, Accenture, CapGemini, IBM Consulting and Mahindra Consulting continue to be hot draws at IIM Indore. The average accepted salary in this sector this time was Rs. 8.02 lakhs. Opportunities in general management, operations and human resource sectors were offered by leading companies like Bharti Televentures, Madura Coats, Gecis, Maruti, GMR Group and Anand Corporate Services.

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IIM-Indore students strike a rich haul