The much-awaited campus placements for the 2004-05 batch of students at the prestigious Indian Institute of Management (IIM-B) commenced here on Thursday.
On day one, 14 companies conducted the preliminary processes of selection. The final interviews will be held on Friday.
This year, the selection process is different at IIM-B. Aiming to reduce the pressure on students and corporates, the institute has staggered the process for each of the 115 participating companies from all over the globe, by a day. While the preliminary processes will be held on the first day, the interviews will take place on the second day.
The scheduled calender for placements is March 10 to 17. As many as 115 companies have reached the campus to hire 190 students of the batch.
Have a Question? Ask Us..
Jamnalal Bajaj Institute of Management Studies (JBIMS) and National Institute of Training in Industrial Engineering (NITIE) have already begun their summer placements. Corporates such as Citibank, HSBC, ABN Amro, ICICI Bank and also FMCG companies like Hindustan Lever Ltd, Colgate Palmolive and Cadbury participated in the summer internship at JBIMS.
NITIE attracted TVS Ltd, Ashok Leyland and ICICI Bank. The companies offered an average stipend of Rs7,000-Rs10,000 per month to students.
Highest demand for summer projects was in engineering and chemicals segments.
ICI Ltd selected six students from the campus. Though the jobs are of short duration, corporates have imposed stringent selection norms
The Indian School of Business, for the second time consecutively, has set new benchmarks for placements in 2005. The ISB has recorded the highest international offer of $181,000 (Rs 80 lakhs). The average international salary at $100,000 (Rs 44 lakhs) recorded a jump of 19% from 2004. The highest Indian salary at the ISB this year is Rs 20 lakhs and the average Indian salary stands at Rs 10 lakhs, representing a rise of 11% from last year.
Speaking on the occasion, Ajit Rangnekar, Deputy Dean, Indian School of Business, said, The placement results for 2005 have been phenomenal. The
A student of Indian Institute of Management, Calcutta, received a foreign offer of $100,000 as placements proceeded at the institute.
While final details of the placement season are yet to be worked out, the prominent recruiters at IIM Calcutta this year were McKinsey & Co., BCG, AT Kearney, HSBC Bank and Deutsche Bank.
IIM Calcutta said in a release that the new recruiters this year were Barclays Capital, BNP Paribas, Dresdner Bank, UBS, IFC and SUN Group Private Equity.
A record number of 15 firms were present compared to six last
BANGALORE: The manager is making a comeback. And so is the fat pay packet. Having briefly experimented with recruiting mainly software engineers, corporates have realised that it is best to depend on management brains to do their specialised jobs.
Firms are back head-hunting on IIM campuses for the 2006 graduates, though the preplacement offer (PPO) season commences only post-November.
While the Indian Institute of Management, Bangalore (IIM-B) had 45 PPOs for the 2005 batch, over 25 PPOs have already been made for the 2006 batch.
Of them, over a dozen are overseas postings. "While we saw just six overseas postings
Day zero, the first slot for placements at the Indian Institute of Management, Bangalore, which ended here on Friday afternoon, saw 14 companies landing on the campus to hire its students.
This is a major move upwards from the five that turned up last year on day zero.
The companies included Dresdner, Captive One, McKinsey, Boston Consulting Group, A T Kearney, HSBC, British Telecom, Barclays, Temasek, Bank of America, GM, Deutsche Bank, Lehman Brothers and BNP Paribas.
The places for which graduates have been hired include US, London, Hong Kong, Singapore and Tokyo.
Commenting on the candidates this
..the average salaries offered to the pass-outs of Agri-Business Management (ABM)...saw a 35 per cent rise at Rs 7 lakh this year
Reflecting the recent trend of an upswing in the agri-business industry, the average salaries offered to the pass-outs of Agri-Business Management (ABM) at the Indian Institute of Management (IIM), Ahmedabad, saw a 35 per cent rise at Rs 7 lakh this year.
In 2004, the average salary offered to ABM graduates was Rs 5.20 lakh.
In terms of annual salary, ITCs International Business Division came up with the highest offer in India at Rs 8 lakh. Al Ghanims,
After IIM-B, IIM-L not to disclose placement packages
Following in the footsteps of the Indian Institute of Management (IIM) Bangalore, the IIM-Lucknow has decided not to disclose details of pay packages offered by corporates to its graduates passing out shortly.
Authorities at the premier business school here said that the decision was taken in the larger interest of safety and security of the graduates.
We took the decision following much pressure from family members of students who wish to avoid public gaze, IIM-Lucknow director Devi Singh told IANS Thursday.
More : theindiancatholic.com
Most B-school insiders ET spoke to felt such corporate sponsorship of student exchange programmes is a sort of ‘brand building’ exercise that will help the corporates to pick the best brains during the final placements process.
“Corporates sponsor these exchange programmes to encourage the recipients to join them. Even Indian companies are now coming ahead with sponsorships since they require students with substantial overseas exposure,” said Prof Arvind Sahay, co-ordinator (placements and international immersion), IIM Ahmedabad.
At IIM Calcutta (IIMC), US-based global management consultancy firm, Diamond Management & Technology Consultants, has sponsored students for the first time. IIMC student exchange programme (STEP)
Faculty of Management Studies, The M S University of Baroda, Vadodara, known as FMS-Baroda, has commenced a monthly newsletter, named Samparka, as a building bond between Corporates and FMS-Baroda Parivaar.
This move places FMS-Baroda among very few premier B-Schools of India having such unique and regular activity. The news letter carries management articles, management humour, success mantra, website guide, activities at FMS-Baroda, and FMS-Barodas participative activities.
We invite corporates, academicians, HR professionals, consultants, MBA students are invited to get their copy absolutely free.
As far as higher education is concernced, the educational scenario has changed dramatically in India in the last decade. In the debate of an MBA in India versus abroad, as a student currently pursuing my MBA in India, I believe that an Indian MBA scores over an international MBA on several counts.
The main advantage is the cost. An MBA from any good B-school in the US or UK costs anywhere between Rs 25 to 50 lakhs, whereas Indian MBA schools charge ten per cent of the same amount. Secondly, when living abroad, you spend far more than you would in
The banking and financial services sector has taken the lead as regards summer placements at Indian management schools, although the interest in FMCG (fast moving consumer goods), Pharma and IT continues. However, it has become clear that information technology (IT) no longer reigns supreme.
At Delhi's Faculty of Management Studies, there has been a revival of interest in finance, especially in areas like treasury operations, corporate banking and consumer banking. The Indian Institute of Management, Bangalore (IIM-B) received 60 offers of summer placements. Finance, banking and insurance companies occupy the top slot with 28 percent offers, while FMCG companies made 23
LIBA, recognized and ranked as one of the top-notch business schools in India, is committed to train its students as much for managerial expertise of international standards as for ethical and social values. True to this spirit, LIBA has instituted the MOTHER TERESA AWARD to uphold to management students, the corporate world and the general public, a business enterprise as a role model in responsible corporate citizenship. The Award is meant for corporates who reach out to the disadvantaged and marginalized sections of society far beyond the call of their responsibilities.
All listed Public Limited Companies are eligible for nominations.
Last date
RANCHI: Graduates from Jharkhand’s top five educational institutes are being wooed by big companies, with fat pay packets. About 3,000 students from the five top institutes have got placements with MNCs.
The five institutes are Xavier Labour Research Institute (XLRI), Jamshedpur, Institute of Social Management (ISM), Dhanbad, Xavier Institute of Social Service (XISS), Ranchi, Birla Institute of Technology (BIT) Mesra, Ranchi, and BIT Sindri, Dhanbad.
This year, Infosys offered the maximum package of Rs 40 lakh to an XLRI student. For 180 students, there were 298 job offers. The pay package varied between Rs 17 lakh to Rs 40 lakh per annum.
Management Institute in India are witnessing an improvement in investments in 2004. The 123 students at the Institute of Management Development Gurgaon were a record six hours on the first day. Hundreds of companies have been very to the hiring of MDI in 2004. Lal Bahadur Shastri Institute of Management (LBSIM) has recorded an increase in average earnings of work.
The highest content was offered Rs9, 00000 per year, and lower wages, Rs4, 25000 per year and the average wage, Rs6, 25000 per year.
Eight companies in the banking sector, financial services, information technology, cement, automobile and pharmaceutical sector offers 109, the
The anatomy of B-school placements: How companies throw a fit
Why is placement information kept confidential in B-schools? How are companies slotted during the placement days? How do companies compete in a cutthroat manner to get the best candidates? Reporting exclusively from leading school Goa Institute of Managements campus during its placements, we capture the unseen machinery and drama behind a typical MBA placement process.
Its pretty much a demand-supply issue. Companies need good managerial talent and the avenues to identify and recruit that good managerial talent are limited in India. Between November and March, when most Indian B-schools open up their