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Rediff News  All News  » Business » Banking, finance rule the roost

Banking, finance rule the roost

March 07, 2008 01:21 IST

While the older Indian Institutes of Management have just kicked-off their final placements, the younger ones are putting up a good show.

Though the banking and financial services sector has been ruling the campus so far, many students have opted to wear the entrepreneurial hat too.

IIM-A: Day one of the Slot zero at the Indian Institute of Management-Ahmedabad has seen 25 companies, mainly from the consulting, banking and finance domains.

A similar number is expected in the next few days also. Around 11 students have opted out of placements from the institute this year to start their own ventures.

Some of these students had six figure offers from Goldman Sachs and Lehman Brothers. The students plan to start their ventures in areas such as logistics, manufacturing, advertising, finance, agro-processing and addition to information technology.

IIM-Indore: At the 10-year old IIM-Indore, over 95 companies registered for placements and 173 students got 367 offers. The average salary stood at Rs 13.07 lakh per annum. Procter & Gamble and Edelweiss recruited for the first time during final placements here.

Two students opted out of placements to start their own ventures. The average salary for the marketing stream stood at Rs 12 lakh per annum, the highest ever at IIM-Indore.

The banking and financial sector has continued to dominate the placement scene at IIM-Indore with an average salary of Rs 4 lakh per annum.

IIM-Kozhikode: Nearly 200 offers were made on Day two. The batch had earlier received 100 lateral offers. One student opted out to set up own venture. Around 80 companies have come to the campus so far including McKinsey, Accenture and HSBC.

Finance, consulting and real estate so far have been the preferred choice for students this year. The average salary is set to be considerably higher than last year (Rs 13 lakh). The placements will conclude on March 7.

The Mudra Institute of Communications Ahmedabad is close to wrapping up its final placements. Around 94 students from the Post-Graduate Programme in Communications Management are eligible for placements this year.

Close to 40 companies have come to the campus this year and a total of 103 offers have been made.

The students have taken up 36 pre-placement offers. Last year, the average salary offered was Rs 7.5 lakh, which has gone slightly higher this year.

Motorola has made the highest offer of Rs 11.78 lakh for a sales and marketing position.

Brand management companies have come in droves followed by media organisations, data analytics, marketing firms and account planning agencies.

At Xavier's Institute of Management, Bhubaneswar, 62 companies participated in the process and made a total of 248 offers to a batch of 118 students.

Finance proved to be the major draw with 35 per cent of the batch opting for jobs in the banking and finance.

The highest offer went up to Rs 16.5 lakh per annum, offered by JP Morgan Chase.

In FMCG and media sectors, the highest salaries were Rs 10.5 lakh and Rs 11.5 lakh, respectively.

Around 25 new companies came to the campus for the first time.

At Xavier Labour Relations Institute-Jamshedpur, 298 offers were made to a batch of 180 students, with the highest domestic offer made at Rs 28 lakh.

The average domestic offer stood at Rs 14.75 lakh. Also, 12 international offers were made at an average of $90,000.

For the first time, recruiters included JM Financial, Barclays, Kotak, 8 Capital Hedge Fund, Centrum, Aptivaa among others.

Around 31 per cent of the offers were made in the finance domain. 21 per cent of the students got offers for consultancy services.

Microsoft, HCL, Infosys, Cognizant, Wipro and others lead the technology  sector with lateral offers. 11 per cent of the batch accepted these offers.

At the Goa Institute of Management, 119 students were placed with 40 companies during final placements.

Companies such as Hindustan Unilever, State Bank of India, Marico, Vodafone, Mercer Consulting, Thomas Cook, Deloitte and Citiglobal visited the campus.

Of the 72 companies which registered with GIM for recruitments, only 40 could recruit.

Students were recruited with such profiles as transition managers, arbitrage strategist, investment research, risk management, valuation services, branding and strategic HR consultancy.