Thursday, March 6, 2008

Highest job offers in India's Business schools

With students bagging plum job offers from domestic as well as multinational companies, the institutes say that placement offers have never been better. Here are the highlights from India's premier management institutes.

Lateral placements

IIM-A: Lateral placements, which are meant for students with prior industry experience, saw a total of 103 offers. The average salary increased from Rs 16.2 lakh last year to Rs 18.3 lakh this year.

The number of students eligible for lateral placements rose from 89 last year to 112 this year. Around 37 consulting, private equity, real estate, finance, information technology, general management and marketing companies recruited students.

Some notable firms that recruited on campus were Booz Allen, Monitor Group, Google and Amazon. Private equity, niche consulting, technology and logistics made a debut this year.

IIM-L: IIM-Lucknow had 45 companies over a period of 45 days. There were a total of 146 offers, the highest IIM Lucknow has ever witnessed.

This year's lateral placements or higher entry placement programme (HEPP) attracted consulting companies in large numbers, with Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers, TSMG, Cap Gemini, Headstrong Consulting, Hewitt Associates, Cognizant and IBM making over 65 offers.

Standard Chartered, Lehman Brothers, Barclays, Yes Bank, among other financial institutions, extended the top finance offers.

IIM-K: The lateral placements at IIM Kozhikode witnessed the participation of around 55 students, 35 recruiters from India and abroad. A total of 103 offers were made and the average salary was Rs 15.56 lakh per annum.

A number of companies from the finance, consulting, marketing and general management space participated in the placements. IT companies also participated in laterals in big numbers. Around 13 international offers were made to students with the highest salary pegged at $175,000.

IIM-C: IIM Calcutta too witnessed a record number of lateral placement offers this year with a total of 148 lateral offers being made across a variety of sectors including consulting, commercial banking, private equity, wholesale banking and IT management.

The placements process attracted as many as 42 companies over a period of 45 days. The recruiters offered key responsibilities to students within India and abroad including major business locations such as US, Europe, West Asia and South-East Asia. The average annual package offered was Rs 14.15 lakh, whereas the highest domestic offer amounted to Rs 21 lakh.

IIFT: A total of 53 students took part in lateral placements at the Indian Institute of Foreign Trade (IIFT), Delhi. While 32 companies confirmed participation for the placement process, 18 companies made offers. The highest domestic salary offered went up to Rs 13 lakh.

Final placements

The final placement week at all IIMs will take place from March 6-12, with the exception of IIM-Bangalore where placements started on March 4.

IIM-B: Around 10 companies participated on second day of the final placement at the IIM-B campus. More than 50-odd companies, including Indian consulting firms and leading banks, are expected to participate on the third day.

The companies which will attend the final placement at IIM-B on Thursday include leading banks such as ICICI, StanChart, HSBC and consulting firms like PwC, KPMG and Deloitte.

IMT GHAZIABAD: The campus recruitment process at the Institute of Management Technology (IMT), Ghaziabad saw an increase in average salary to Rs 10.87 lakh per annum compared to Rs 10.36 in 2007.

The highest domestic salary offered at the institute was Rs 17 lakh, which came from Abhishek Industries - Trident Group, whereas Olam International offered the highest international package at $85,000. Around 522 offers were made for 340 students. Only one student opted out of the placements to get into entrepreneurship.

JBIMS: Mumbai-based Jamnalal Bajaj Institute for Management Studies (JBIMS) offered Rs 29 lakh, the highest reported domestic salary. The average salary stood at Rs 13.84 lakh. The number of investment banks visiting the campus doubled this year and 17 per cent of the batch accepted offers from them.

Consulting also remained an extremely sought-after profile on the campus. Top recruiters from banking included HSBC, Citibank, Standard Chartered Bank, Deutsche Bank, First Gulf Bank and Kotak Mahindra Bank


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