The Hindu : Front Page : Placement process at IIM-A concludes on high note

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Wednesday, Mar 05, 2008
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Placement process at IIM-A concludes on high note

Special Correspondent

Average salary offered increased from Rs. 16.2 lakh to 18.3 lakh this year

Increase in placement companies from 30 to 37
Seven from IIM-A placed in international companies

AHMEDABAD: The just-concluded lateral placement process for the postgraduate programme in the Indian Institute of Management, Ahmedabad, for students with a minimum 18-month work experience, has once again established its status as a premium management school and preferred recruitment destination for both Indian and foreign companies.

An IIM-A spokesman said here on Monday that the number of students with work experience in the 2006-08 batch went up to 112 from 89 in the previous batch eligible to figure in the lateral placement process. The number of companies also shot up from 30 to 37 this year, giving 103 offers in both the middle and top management levels with some students having opted out of them. Even in international placements, the number more than doubled from three to seven and the average salary offer increased from Rs. 16.2 lakh to 18.3 lakh.

Firms from the sectors of information technology, general management and marketing, finance, real estate, consulting and finance participated in the process.

The companies offering to recruit from the IIM-A campus included Booz Allen, Hamilton, Google and Amazon, the consulting major Monitor Group and the private equity major Greater Pacific Capital, besides the world’s largest steel manufacturer, Arcelor Mittal, and top Indian firms including the Aditya Birla group, Trilogy and HCL.

Rs. 70 lakh offer at IIM-K campus

Kozhikode Staff Reporter writes:

A student of the Indian Institute of Management, Kozhikode (IIM-K) has been offered approximately Rs.70 lakh ($1,75,000) per annum by a multinational as lateral placements came to an end for the class of 2008.

Thirteen international offers were made to 55 students by global recruiters.

The average annual salary for lateral placements at IIM-K stood at Rs.15.56 lakh. Thirty-five recruiters from India and abroad participated in the placement process, making 103 offers to these 55 students, who constitute just 30 per cent of a batch of 180.

Diverse industries

“Contrary to previous years, when lateral placements were dominated by the IT/ITES sector, this year there were good offers from diverse industries for a wide set of functions,” says Kulbhushan Balooni, Chairperson-Placements, IIM-K. The profiles up for grabs were more challenging this time.

The process saw participation by the sectors of consulting, banks and financial services, media and technology, fast moving consumer goods, healthcare and pharma, retail and telecommunications.C

Consulting sector

In the consulting sector, industry heavyweights KPMG, Monitor Group, PricewaterhouseCoopers, Ernst and Young, Hewitt Associates, Deloitte and Touche, Boston Analytics, i2 Consulting, GrowTalent and Capgemini made offers.

The banks and financial services sector was represented by Barclays, Citibank, Lehman Brothers, Standard Chartered and Yes Bank. Computer Science Corporation (CSC), Headstrong, Infosys, Wipro, Indus Valley Partners, HCL, Virtusa and IBM represented the technology domain. Telecom companies such as Aricent and Verizon initiated a relationship with IIM-K this year, with an eye on netting the best talent available.

Key trend

A key trend was that offers were made to students across business functions. Conglomerates such as the Essar Group, the RPG Group and L&T offered plum positions in core business strategy teams. The finance sector made offers for roles in investment banking, treasury sales, trading, product structuring, wholesale banking, relationship management and merger and acquisitions.

Sunrise industries including technology companies made offers for positions of account manager, programme manager, business development manager and project manager.

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