Banking &
Financial Sector Continues to Dominate Final Placements at IIM Indore
Another
Step Towards Excellence
Celebrating ten years in pursuit
of excellence as a management education centre, IIM Indore has truly
surfaced as an active hub of talent for a wide array of recruiters -
both Indian and international. This relatively young institute has achieved such
stupendous growth and recognition by inculcating in its participants a sense of
commitment as well as zeal to question status quo.
As a fast-emerging premiere
B-school of the country, IIM Indore has made yet another mark by completing the
Placement Process 2008 with panache! With over 95
companies registering for the process, 367
offers were showered over 173 students.
The average salary of accepted offers stood at INR 13.07
Lakhs per annum. The mean domestic salary has increased by more than
20% as compared to that of the previous year. For a batch with more than half
the participants with no prior work-experience, an average salary of accepted
offers surpassing INR 13 Lakhs per annum was a delight. The top 50 offers have
an average of nearly INR 18 Lakhs per annum with offers spanning diverse sectors
and roles.
The current placement season saw
a big leap in the number of participating companies. Procter & Gamble and
Edelweiss recruited during final placements from IIM Indore for the first time.
The impressive list of other first time recruiters included the likes of
Barclays Bank Plc, Tesco Plc, Arthur D. Little, Americorp Capital and OCBC Bank
Singapore.
Regular recruiters such as
McKinsey & Co., Deutsche Bank, Macquarie Bank, Accenture Business Consulting,
Lehman Brothers, Colgate Palmolive continued to strengthen their relationship
with IIM Indore.
The Batch of 2008 also saw two
students taking the road less traveled of initiating a business venture of their
own, as part time to start with. They have founded www.ourownbook.com -
an innovative website that provides visitors a chance to participate in a
collaborative book writing project, and get recognized as co-authors of the
final book published.
The phenomenal growth story of
placements at IIM Indore in terms of the quality of profiles offered as well as
compensation has continued unhindered against a backdrop of an increase in batch
size from 115 students of the Batch of 2007 to the current outgoing batch of
173. This re-affirms the faith of the corporate world in the capabilities of the
students of IIM Indore.
A Confident
Stride into the Final Placement Week
A third of the Batch of 2008 was
rewarded with plush PPOs/PPIs based on their excellent on-the-job performance in
their summer internship projects. Macquarie Bank, Hindustan
Unilever, Lehman Brothers, Colgate Palmolive, Kotak Mahindra, Standard
Chartered, American Express and Asian Paints are some of the companies that
showed keen interest and made lucrative offers in terms of coveted profiles and
matching compensation to their summer interns from IIM Indore.
The Lateral Process for
the Batch of 2008 commenced on 28th December 2007 and continued until 8th
February 2008. Recruiters like Barclays Bank, Lehman Brothers, Standard
Chartered Bank, Headstrong, Capgemini and PricewaterhouseCoopers flocked the
campus to tap the rich talent at IIM Indore. The offers given either leveraged
the candidates' prior work experiences or put them into suitable positions in
entirely different domains based on their area of specialization at IIM Indore.
The immense confidence displayed
in the lateral candidates at IIM Indore can be ascertained by the kind of roles
offered. While one candidate with an experience of a year in advisory services
was offered a higher than entry level niche profile with a leading MNC bank,
another candidate with five years of IT experience received the highest
lateral offer of INR 26 Lakhs per annum for an associate role with a global
investment bank.
A
Commendable Culmination!
The Batch of 2008 was very
focused in their approach towards the final placement process and applied to
individual select set of coveted profiles as per areas of interests. A few
participants also dared to turn down offers with higher compensation for niche
roles carved to their expectations. The current batch was completely placed as
per roles of their choice much before the scheduled close of the final
placement.
While attractive offers poured
across domains such as Banking & Financial Services, Marketing, General
Management, and Information Technology - the Banking and Financial Services,
being a hot favorite of the batch of 2008, clearly stole the show accounting
for nearly half the accepted offers. Marketing and consulting profiles were the
next most sought after. While 27 candidates found their dream roles in the
General Management profiles with group companies, a few candidates eagerly
accepted challenging profiles in Information Technology.
The marketing offers on the
campus included a wide range of profiles like Branding, Key Account Management,
Business Development and FMCG Sales & Marketing. The average salary of marketing
offers stood at an astonishing INR 12 Lakhs per annum, which has been the
highest ever at IIM Indore.
Consulting firms like McKinsey &
Co., Deloitte, Accenture Business Consulting, Hewitt Associates, Knight Frank,
Bristlecone and Capgemini offered consulting profiles in various domains like
Strategy, Human Resources, Real estate & Infrastructure, Supply Chain and
Information Technology.
BFS
Continues to Dominate IIM Indore
The Banking & Financial Sector
has continued to dominate the placement scene at IIM Indore with an average
salary of INR 14 Lakhs per annum this season. In continuation
with the existing trend over the last few years, most first time recruiters
offered diverse profiles in the Banking & Financial sector.
Not just the quantity of offers
made, even the quality of placements in terms of profiles offered has been
scintillating. While one candidate was wooed with the lucrative role of a Fund
Manager, many were offered niche profiles in Private Equity, Asset Management,
Investment Banking and Treasury. Further, many candidates chose specific
profiles with organizations like IDFC and SEBI over offers by MNC banks and
financial firms.
New Avenues
IIM Indore witnessed a splurge of
offers in sunrise sectors such as Retail, Real Estate & Infrastructure, and
Media. This clearly depicts the important role that IIM Indore students are
expected to play as they don leadership roles on the job - in this latest
chapter of the Indian growth story.
Media companies such as NDTV, HT
Media, Times Group, Sony Entertainment and Big 92.7 were keen to take IIM Indore
students for important profiles in strategy and corporate planning. Major Retail
players such as Tesco, Reliance Retail, Raymond and Bharti made exciting offers
in the Retail space. Companies participating on the Real Estate & Infrastructure
front included the likes of K. Raheja Group, Knight Frank, Reliance ADAG, DLF
and Emaar MGF.
Corporate
Confidence
Besides an array of domestic
recruiters, a number of international firms showed interest in the
students of IIM Indore like Tesco Plc, Macquarie Bank, Olam International,
Arthur D. Little and OCBC Bank, Singapore. Foreign profiles were offered across
the globe in locations like London, Sydney, Singapore and US. IIM Indore bagged
9 international offers with the highest international
salary pegged at USD 85000.
Over 30 new firms
participated in the placement process at IIM Indore this year. Besides new
recruiters, existing recruiters like Deutsche Bank, Deloitte, ICICI Bank threw
open several new profiles for the IIM Indore talent pool.
Looking
Forward
With the Batch of 2009
comprising of 180 participants being currently honed with its unique
pedagogy, IIM Indore is all set to continue to live up to it�s promise of
delivering the best talent to the corporate world. The Batch of 2009 has a
diverse educational background with students from the fields of medicine,
accountancy, engineering, sciences and administration with work experience as
high as 10 years in a range of sectors. IIM Indore deeply values its corporate
relations with the industry and looks forward to their active participation in
the next placement season.
