Monday, June 28, 2010

Final Placement at IIM, Indore Witnesses Participation From Over 110 Companies From Varied Sectors

Placements for the 11th batch of PGDM participants at IIM Indore this year witnessed participation from over 110 companies across varied sectors like Investment Banking, FMCG, Management Consulting, Banking and Financial Services, Logistics and Supply Chain, Pharmaceuticals and Real Estate.

Regular campus recruiters like Procter & Gamble, Edelweiss, HSBC, Deutsche Bank, Deloitte, Standard Chartered, JP Morgan Chase, HUL and PepsiCo reaffirmed their faith in the pedagogic excellence and superior student talent pool by recruiting aggressively from campus. A healthy set of 33% first time recruiters made offers on campus, indicating the growing faith that the industry places on graduates of IIM Indore. Prominent names among these include Arshiya International, Idea Cellular, Orchid Pharma, Sony India, Singapore based conglomerate Tolaram Group, IFCI, Suzlon Energy, I-Maritime Consulting, Syntel and Thomas Cook.

Finance continued to be the most preferred career choice, with more than 30% of the batch taking up profiles in the financial services domain. Participants were offered an array of roles across exciting profiles such as Corporate and Investment Banking, Venture Capital and Private Equity Funds, Hedge Fund Sales, Retail Banking and Equity Research by JP Morgan Chase, Morgan Stanley, Bank of America-Merril Lynch, Deutsche Bank, Nomura, HSBC, Standard Chartered, Edelweiss, SBI and IDBI Capital. Apart from companies in the BFSI sector, companies like Larsen & Toubro, Jindal South West, Genpact and Suzlon Energy offered roles in Corporate and Project Finance. Continuing with last years' trend, players like Shipping Corporation of India, Bank of India and Union Bank of India also participated in the placements, offering challenging roles in their Management Training programme.

Close to 25 % of the graduating batch opted for Sales & Marketing profiles. Leading FMCG companies like Procter & Gamble, Hindustan Unilever, ITC, PepsiCo, Hindustan Coca Cola Beverages, Perfetti Van Melle and AT Foods returned to campus and made multiple offers through the PPO route as well as in final placements. Companies from diverse sectors like Automobiles, Telecom, Pharmaceuticals, and Manufacturing also offered sales and marketing roles. Notable partners this year included Tata Motors, Airtel, Idea Cellular, Bajaj Auto and Pfizer.

A noticeable trend on campus this year was the rise of General Management Roles as preferred career options for graduates of the PGDM. Prominent industrial houses and conglomerates like Mahindra and Mahindra, Jindal Steeland Power, Essar Group, Bharti Group, Larsen and Toubro, and K Raheja Universal offered GM roles.

A significant percentage of companies also offered the prized EA to MD/CEO profiles on campus; wherein the student would be reporting directly to the CXOs of major corporates getting a holistic understanding of business as opposed to concentrating on a specific business domain. Multiple corporates have offered such profiles exclusively on the IIM Indore campus showcasing the implicit faith placed in the talent from IIM Indore by corporate India. A total of 17 % of participants opted for GM profiles across sectors.

Continuing the rise of IIM Indore as a favored recruiting destination, around 13% of the batch accepted offers from consulting firms across sectors like Manufacturing, Retail and IT. Prominent consulting companies that participated in the process include McKinsey & Co., Deloitte, Hewitt Associates, Bristlecone and i-Maritime Consulting.

Niche profiles were also offered in SCM Consulting, Consulting to mid-sized corporates, Healthcare Consulting, Retail Consulting and Real Estate Consulting. International companies such as Olam International, Tolaram Group, Dubai Metal Fabricators LLC, and iCRM were present on campus this year. Geographies in which opportunities were available included, Africa, the Middle East, USA, Singapore and Thailand.

The placement season this year also witnessed the return of IT recruiters, who recruited in large numbers. Companies like Cognizant Business Consulting, Syntel, Infosys, HCL Technologies, Wipro, TCS, IBM and L&T InfoTech offered roles in IT Consulting, Project Management, Sales, Business Development and Corporate Strategy. The graduating batch of IIM Indore this year numbered 235 a jump of over 33% over the last two years. In terms of compensation, most companies have revised their compensation by upwards of 17-20% as compared to last year. The highest domestic offer this year showed a substantial jump, rising by 25% over that of 2009. The highest domestic offer was made by a Multinational Investment Bank at 28LPA which includes variable pay. Further, more than half the batch secured offers in the range of 10-15 LPA across sectors and roles. The top 12% of the class of 2010, regarded as being amongst the best management talent in the nation, have secured offers on campus in excess of 22 LPA.

Read the Complete Placement Report of IIM Indore at the following Link..


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