Saturday, June 26, 2010

Final Placements at VGSOM, IIT Kharagpur Conclude with a Resounding Note of Success

The Final Placement Process at Vinod Gupta School of Management, IIT Kharagpur culminated yet again on a high note with the recruiters making a beeline to the school to claim their share of the pie.

If last year's exemplary placement scenario at VGSoM reaffirmed our status as one of the best, this time around, things have only got better! Multiple offers were the order of the season as companies kept pouring in, even as the official placement season ended.

The recruiting companies spanned across domains like Banking, Finance, Consulting, FMCG, Telecommunication, Information Technology, Manufacturing and Analytics with roles as diverse as Investment Banking, Banking Operations, Project Advisory & Structured Finance, Corporate Finance, Strategy Consulting, e- Governance, Business Consulting, Supply Chain Consulting, Supply Chain Management, Marketing, Business development and many more.

There was a considerable improvement in the profile mix, as well as the compensation offered. The average domestic salary leapfrogged to Rs. 11.37 LPA, which is a jump of 29% from the last year's figures. The mode of the domestic salary is Rs. 9.0 LPA.

VGSoM witnessed the participation of 45 companies for a batch of 80 students, with many first-time recruiters like ANZ, Citrix, JP Morgan, NCDEX, Nomura, SCI, UB Group, Welspun and many others. Many of the companies recruited in big numbers, with IBM being the biggest recruiter having made a whopping 15 offers for its Consulting arm.

The students of VGSoM yet again proved their prowess during summer internships in the corporate world with 18% of the students being offered Pre-placement Offers by the companies they had interned with.

The season saw a huge participation by the companies from Banking and the Finance sectors, with the creme de la creme of the financial sphere like ANZ, Bank of Baroda, Citibank, JP Morgan, Nomura, NCDEX, Power Finance Corporation, SBI Caps, and others making exciting offers to the candidates. The profiles offered ranged from i-Banking, Banking Operations, Corporate Finance, Advisory and Structured Finance to Business Development in Commodities.

Consulting has always been the forte of VGSoM. This year as well, the placement season was besieged with numerous consulting firms like AMI Partners, Avalon Consulting, Deloitte, Deloitte- USA, IBM, i-Maritime Infosys, KPMG, Wipro Consulting, etc. Diverse profiles like Strategy Consulting, Business Consulting, IT Consulting, SCM Consulting and Finance Consulting were offered. Overall, Consulting profile accounted for a sizeable 38% of the batch.

The Global Decision Management arm of Citigroup Global visited the campus for the first time offering Statistical & Analytical roles. Analytics sector was yet another high this year with companies like ANZ, Dell, HP, and HSBC offering challenging roles. Pricing was one of the exciting profiles offered in the Analytics domain.

The takers for the Operations profile more than doubled this year with 22% of the batch opting for companies like ABB, Balmer Lawrie, BHEL, Heinz, ITC, Mahindra and Mahindra, Tata Motors, Vedanta Resources, UB Group, Welspun, etc. which offered a plethora of profiles like Supply Chain Management, Manufacturing Operations, Procurement and others. Companies like BHEL and SCI offered General Management roles, providing immense opportunities for growth.

There was a surge in the number of recruiters offering varied Marketing roles with FMCG, Telecommunication, Information Technology and Industry giants vying with each other for the early slots in the placement season. Few of these companies were ABB, Berger Paints, Citrix, DataMonitor, ITC, Tata Metaliks, Tata Motors, Tata Telcon, Tech Mahindra offering distinctive roles like Sales & Distribution, Market Research, and Product Marketing apart from the usual Marketing profiles.

All in all, the placement season was a huge success and was a fulfilling experience for the students with a majority of them bagging the profiles and companies of their choice. The recruiters have yet again reaffirmed their trust on the quality of the students of VGSoM.


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