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IIM Indore – Final Placements 2008
Posted Date: 01 May 2008 Resource Type: News/Announcements Category: Campus News
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Posted By: SajithkumarS Member Level: Diamond
Rating:  Points: 7
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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. IIM Indore has consistently featured among the elite Institutes of the country - as validated by independent surveys. 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 Lacs 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 Lacs per annum was a delight. The top 50 offers have an average of nearly INR 18 Lacs 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 reaffirms 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 PPO/PPI s 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 Lacs 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 Lacs 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 Lacs 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
New Recruiters on campus
Americorp
A private fund management company
Angel Broking
One of the top 3 retail broking houses in India
Arthur D. Little
Global Management Consulting Firm
Barclays Bank Plc.
Leading global bank
Bristlecone
Technology consulting firm
Cypress Semiconductor
Semiconductor design and manufacturing company
Dawnayday AV
Financial Services and Advisory firm
Edelweiss
Leading Indian financial services firm
Hewitt Associates
Fully integrated HR consulting firm
HT Media
A premier print-media player
K Raheja Group
Diversified business group having presence in Real Estate, Hospitality & Retail
Knight Frank
Real Estate Consulting firm
Procter & Gamble
Leading global FMCG firm
Raymond
Indian Textile major
Reliance ADAG
Major industrial powerhouse
SEBI
Government body regulating securities, industry & stock market
Tesco
Global retail giant
Times Group
Media services conglomerate
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.
For more details, visit http://www.iimidr.ac.in/iimi/pages/corporates/final-placement.php
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