SJMSOM-IIT
Bombay makes Significant Foray into International Frontiers with 17% of Batch
Offered Positions Abroad
A total of
53 companies gave 153 offers to
the batch of 53 students. The
offers per student stood at 3 approximately.
The average domestic salary was Rs. 13.96 Lakhs
this year, an increase of 44% from the previous year�s figure of Rs. 9.71 Lakhs.
The median salary registered a rise from Rs. 9.5 Lakhs to Rs. 14.50 Lakhs, an
indicator that most of the batch got salaries in the upper band. The
highest domestic offer was Rs. 21.0 Lakhs
whereas the lowest salary was of Rs 7.75 Lakhs. The
highest international offer was US $ 85,000 by Olam International
(Singapore).
Pre-Placement Offers were made to
40% of the batch before the start of the placement process. The list of
companies included Citibank, Standard Chartered, L�Oreal, Cadbury, Spencer�s
Retail, Feedback Ventures, TPG, and Wipro.
The significant thing about the
final placements this year was the exciting profiles that were on offer. The
companies offered profiles in General Management, Private Equity, Investment
Banking, Wholesale Banking, Management and IT Consulting, Strategy & Execution,
Sales & Marketing, amongst others. Senior positions like Associate Vice
President and fast-track Leadership roles were the most-coveted profiles. A
heartening thing was that corporates offered specific roles to suit the
interests of students to attract them. HCL, for example, offered a unique
international role in Business Development for the middle east region, which is
one of the most sought after positions in services industry.
The strength of this year�s
placements could be gauged from the large number of first-time recruiters.
Microsoft, SUN Microsystems, P&G, ITC, Glenmark, E&Y (Business Advisory
Services), Universal Consulting, Global eProcure, Barclays Bank, ICICI
Securities, Yes Bank were some of the new recruiters. Niche profiles in oil and
gas sector were offered by companies like Cairn Energy and GE Oil & Gas.
Companies like HSBC, Bank of America LLC, and Feedback Ventures expanded their
existing relationship with the school by offering positions in Finance and
Infrastructure advisory respectively.
International Offers
This year, SJMSOM made a
significant foray into the international frontiers. Nearly 17% of the batch was
offered international profiles, a considerable increase over last year. The
school saw a surge of multinational companies recruiting graduating students for
their international positions with the highest salary of US $ 85,000. Companies
like ICICI Bank, Swiss Re, HCL, Olam International (Singapore), and Glenmark
were some of the companies offering positions abroad.
Consulting
The consulting domain saw an
impressive array of profiles being offered to the students. Some of the
companies which visited the campus, among others, include Ernst & Young
(Business Advisory Services), Feedback Ventures, Universal Consulting, Tholons,
Avalon Consulting, Inductis, Deloitte, Capgemini, TPG, and Global E-Procure.
Business Consulting, Infrastructure Advisory, Government Advisory, Operations
and SCM Consulting were some of the profiles offered. Almost 18% of the batch
opted for the exciting profiles offered by these consulting firms.
Leadership
Profiles
Indicating the growing
recognition of leadership acumen of students at SJMSOM, companies such as GE,
Tech Mahindra, Cadbury, Cummins, and HCL offered the much coveted Leadership
profiles to approximately 14% of the batch.
Banking &
Finance
Positions in Banking & Finance
were offered to 23% of the graduating batch. Exciting profiles such as Private
Equity, Investment Banking, Credit Risk, Consumer & Wholesale (Corporate)
Banking, Research & Analysis, and Corporate Finance were offered by companies
such as HSBC, Lehman Brothers, Bank of America LLC, Barclays Bank, JPMC,
Standard Chartered Bank, ICICI Securities, Yes Bank, Citibank, ICICI Bank, and
Kotak Bank. The number of offers in the area of Finance has been increasing over
the years.
Sales &
Marketing
Diverse profiles in Sales &
Marketing were offered by reputed companies such as Castrol, Sybase, Sun
Microsystems, Oracle, RPG Group, and Idea Cellular to 13% of the batch. This
year�s placement also witnessed the enthusiastic participation of FMCG
companies. Companies like ITC, Marico and Wipro Consumer Goods offered exciting
roles in Sales & Marketing.
Systems &
IT
This area was represented by
global IT majors such as Microsoft, Oracle, Intel, IBM, Sun Microsystems,
Accenture, CTS, and HCL. Offers in this area constituted about 30% of all the
offers made at SOM.
Operations
The Operations domain also saw
participation from reputed firms such as Glenmark, Cummins, Olam, Global E
Procure, TPG, and others, which offered exciting roles. Leading FMCG firms like
P&G, ITC, Marico and Cadbury also offered challenging roles in this domain.
The excellent placement at SJMSOM
in the face of difficult situation arising from subprime losses, global
slowdown, recession, and rupee appreciation highlights the position of strength
the school occupies in the industry.
N. Ramesh, a student who
preferred job profile to the salary being offered, said, "With 5 offers from
leading companies, SJMSOM made me spoilt for choice. Giving more importance to
profile than to salary, I accepted an offer from a global conglomerate for their
coveted leadership program."
Moiz Saif, the Student Placement
Coordinator, said, "Overall, the 2008 placement is the best so far for SJMSOM.
There was a significant increase in number of blue chip companies and the
students were spoilt for choices both in the terms of profiles and salary
packages. The best thing is that every student managed to get the profile of
his/her choice."
The team from Deloitte had this
to say at the end of a satisfying experience on the placement day - "The whole
(placement) process was organized very well with great hospitality and
coordination." The recruiters from a leading global semiconductor firm felt - "A
great experience coming to this campus."
"Continuous effort - not just
strength and intelligence - is the key to unlocking our potential." Quoting
these famous words by Sir Winston Churchill, Prof. S. V. D. Nageswara Rao,
the Faculty Placement Coordinator, aptly summarized the greatest placement
season ever in SJMSOM. "SJMSOM strives to produce world class leaders of
tomorrow and believes in imparting the latest and best education to its
students. Continuous improvement is the key and this placement season is the
precursor for even greater achievements to come."
