IIM Indore placements 2006

Finally, I've reached home. And the IIM Indore placement report 2006 has arrived. I’ve copy pasted the excerpts in here, but the original report (containing a lot more information) can be found by following the link above.

The number of offers boomed to 295 with an average of 5.5 offers per company. The average CTC salary offered was Rs.8.50 lakhs with a high of a Rs.32 lakh international salary.

Significant was the offer made by Macquarie Bank to one of the participants. Named as the Best Investment Bank for the year 2005, by Australian Banking and Finance Magazine and CFO Magazine and also voted as the Best Equity House 2005 by Asiamoney, Macquarie bank chose IIM-Indore as its first IIM campus for recruitment from India.

The media bandwagon was lead by Astro Malaysia, which recruited 5 participants, who would be working on key areas like Joint Ventures, Strategic Alliances and Mergers & Acquistions. That was not all; the icing on the cake came in the form of Irevna. The 4 offers on hand included postings in their London and New York offices. This reiterates the confidence of business houses that view IIM-Indore as an institute strong in diverse fields offering a holistic learning experience.

The overall average CTC increased from 8.16 lakhs per annum in 2005 to 8.50 lakhs per annum this year. The average salary offered for lateral candidates also saw a 10% increase from last year to 9.0 lakhs per annum. The average accepted domestic CTC was Rs.8.20 lakhs per annum.

The highest domestic salary offered was 12.5 lakhs per annum, while the highest international salary was equivalent to 32 lakhs per annum.

The meteoric rise in the number of offers, which closed at 295, was testimonial to the growing stature of the institute and the brand equity that it commands in the business world. This was a rise of 50% from previous year’s tally of 202 offers. The number of offers per participant rose from 1.8 to 2.61, an increase of 45%.

Banking & Finance
A big boost to the placement process was the presence of the international bank – Macquarie, IIM-Indore being the first campus visited by them, offering a challenging profile as Property Analyst. Astro Malaysia offered an international posting in their Strategy division in the area of Mergers & Acquisition and New Business Development. Industry bigwigs such as Deutsche Bank, Citibank, Standard Chartered, ICICI Bank, UTI Bank and SBI cemented their relationships with IIM-Indore by offering roles in Risk Management, Treasury and Transaction banking. There was a strong representation from Financial Services as well with Amex, ICICI Prudential offering challenging roles in the ever-dynamic sector.

Marketing & Media
The numbers speak for themselves - 82 offers, average salary of 8.4 lakhs per annum, 12 companies – HLL, ITC, Marico, PepsiCo, Asian Paints, Dupont, Cadburys, J&J to name a few. Media companies like NDTV, SET, Red FM shot straight up in the company rankings on campus.

Consulting
Tata Strategic Management Group (TSMG), IBM, Atos Origin, CapGemini and Bristlecone consulting offered key roles to the participants across diverse domains – IT, Operations and Finance.

IT/ ITES
With the IT Sector witnessing exponential growth, industry leaders CTS, DELL, IBM, Infosys, Wipro, TCS, HCL and HP led the recruiters with the highest number of offers per company figure of 6.2.

Equity Research & Investment Banking
Indore played host for the first time to Irevna and Morgan Stanley, who along with the regulars JP Morgan, Citibank, Kotak and SBI Capital Markets offered a total of 26 offers, with an average salary of 9.1 lakhs per annum.

General Management & HR
Singapore based OLAM International offered two positions in operations and general management, which boasted of the highest international salary offered on campus. Companies like Reliance and HCL found participants with acute acumen for personnel management and offered HR profiles for them - though these profiles were not on offer initially.

For exact information on the variety of companies that visited the campus, follow the link. But here are some of my personal experiences:

• India is on a roll. IT companies weren’t the only ones to offer 10+ jobs. Some of the finance and other companies joined the fray too. When there are about 50+ companies for a batch consisting of 113 people, 10+ offers per company is massive.

• I personally believe that the number of offers per candidate figure quoted by B-schools means nothing. There are a lot more companies willing to give offers to good candidates. The only limitation is the realization that one can work only at a single place. Theoretically, I wouldn’t be surprised if one of IIMs say one of these days that the number of offers per student is 10, coz it’s entirely possible. It’s really no big deal.

• The real icing on the cake this year for us was the presence of media companies like NDTV, Astro and SET – not to name some that didn’t have students left. These companies offered much more diversity to the placements.

• Very unlike last year, there was hardly anyone interested in BPOs. KPOs were a different story though. I still don’t know the answer for the wavering interest levels.

• For the record, I’m still not clear on the formula that some companies use to calculate CTC. I doubt if there is a single expert in this field.
  

Catch ya soon!