While offers were made 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 roles in the General Management profiles with group companies, few candidates were attracted to the profiles in Information Technology. The Batch of 2008 also saw two students initiating a business venture of their own, as part time to start with. They have founded www.ourownbook.com – a website that provides visitors a chance to participate in a collaborative book building project, and get recognized as co-authors of the book published. While one candidate with an experience of a year in advisory services was offered a higher than entry level profile with a leading MNC Bank, another candidate with five years of IT experience was offered an associate role with a Global Investment Bank that also bagged the highest lateral offer of INR 26 Lakhs per annum. Over 30 new firms participated in the placement process this year. Besides new recruiters, existing recruiters like Deutsche Bank, Deloitte, ICICI Bank offered several new profiles.
Procter & Gamble, Edelweiss, Barclays Bank Plc, Tesco Plc, Arthur D. Little, Americorp Capital and OCBC Bank Singapore recruited during final placements for the first time. Regular recruiters such as McKinsey & Co., Deutsche Bank, Macquarie Bank, Accenture Business Consulting, Lehman Brothers, and Colgate Palmolive continued to recruit from the institute.
Companies that offered PPO/PPIs based on on-the-job performance in their summer internship projects include Macquarie Bank, Hindustan Unilever, Lehman Brothers, Colgate Palmolive, Kotak Mahindra, Standard Chartered, American Express and Asian Paints. The Lateral process for the Batch of 2008 commenced on December28, 2007 and continued till February 8, 2008. Recruiters like Barclays Bank, Lehman Brothers, Standard Chartered Bank, Headstrong, Capgemini and PricewaterhouseCoopers participated in lateral placements.
The marketing offers on the campus included a 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 Lakhs per annum.
The Banking & Financial Sector continued to dominate the placement with an average salary of INR 14 Lacs per annum this season. While one candidate got the role of a Fund Manager, many were offered 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.
IIM Indore witnessed an increase of offers in growing sectors such as Retail, Real Estate & Infrastructure and Media. Companies participating on the Real Estate & Infrastructure front included the likes of K Raheja Group, Knight Frank, Reliance ADAG, DLF and Emaar MGF. Media companies such as NDTV, HT Media, Times Group, Sony Entertainment and Big 92.7 offered profiles in strategy and corporate planning. Retail players such as TESCO, Reliance Retail, Raymond and Bharti made offers in the Retail space. Also, average salary of a student in General Management profile was INR 12.6 lakhs, and that of an IT profile was INR 9.2 lakhs per annum.
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