Institute For Financial Management and Research (IFMR), Chennai, completed its placement process for 111 students across three post graduate programs- PGDM, PGDM-Financial Engineering & PGDM-Development & Sustainable Finance. The year ended on a good note with recruiters from different sectors like IT , Consultancy, BFSI (including PSUs like Bank of India), FMCG, Hospitality & Manufacturing visiting the campus.
With regards to number of offers being given, ICICI bank tops the list with 20 offers followed by INFOSYS (17 offers) and Genpact (14 offers). Accenture was the highest paying recruiter offering Rs 10.65 lakhs followed by Bank of America offering Rs 9 Lakh. A total of 30 companies made offers during the placements. Two students opted out of placement process, one for pursuing higher research work and the other to join his family business.
Batch Strength111Students opting-out of placements2Effective number of students for placements109Total number of companies30Total number of offers118Offers/student1.06Highest salaryRs 10.65 LakhsAverage salaryRs 7.34 Lakhs
Banking and Financial Services (BFSI)
41% of the entire batch got placed in Banking and Financial Services (BFSI) sector with roles offered in corporate finance, corporate and institutional banking, commercial banking, risk management, equipment finance, derivative & equity research , wealth management and marketing. ICICI Bank was the largest recruiter with 20 offers as assistant manager scale II. Bank of America was the highest paying recruiter in this sector, package offered was Rs 9 Lakh. Irevna offered profiles of equity and derivative research analyst. UBS offered roles of research analyst. L&T; finance gave roles in equipment financing. PSU bank Bank of India and HDFC bank offered roles in finance and marketing. SBI life, SBI capital, Sriram city union finance Ltd, ICICI securities offered finance profiles in their respective domain. FINO and IFMR trust offered roles in rural finance and micro finance. Total 48 students opted for roles in BFSI sector.
IT/Systems
IT/Systems majors like Infosys, Accenture, Cognizant, HCL, Mahindra Satyam, Mphasis, 3i Infotech, Ramco systems & GAVS visited IFMR for recruitment this year. Accenture became the highest paying recruiter in the IT/Systems sector by offering package of Rs 10.65 Lakh. The company offered roles of Team Lead. Infosys with 17 offers became the recruiter who gave maximum number offers in the sector. Infosys offered profile of Associate Consultant. Cognizant, HCL, Mahindra Satyam, Mphasis, 3i Infotech & Ramco systems offered profiles of Business Analyst and Business Consultant. GAVS offered profiles in human resources. Total of 48 students opted for roles in IT/System sector.
Consulting
The consulting sector was represented by Deloitte, Capgemini & Genpact. Genpact became the largest recruiter in this sector by giving 14 offers. Genpact offered varied profiles in risk management, Treasury & Marketing. Deloitte was the highest paying recruiter in consulting sector with Rs 8.06 Lakh, the profile offered was that of Business Analyst. Capgemini too offered roles of consultant
Others
Companies from Manufacturing, FMCG, Hospitality & Business research sectors too visited IFMR for recruitment. Companies like UCAL offered HR profiles. Berger Paints offered marketing profiles. Hospitality sector was headed by ITC Welcome group which offered marketing profile while Business research sector was represented by A C Neilson.
Summer Placements:
Current IFMR students of the batch 2010-2012 have got placed for summer internship in varied sectors, profiles and roles. Some of the reputed government firms where students have got placed are Reserve Bank of India, National Housing Bank, Allahabad Bank, Punjab National Bank & State Bank of Hyderabad. Other important BFSI firms where students are doing their summer internship are Federal Bank, IL&FS;, Royal Bank of Scotland, Barclays Shared Services, Dun and BradStreet, ICRA, IDBI, Reliance Capital , ING Vysya, IndusInd Bank, TATA Capital, IFIN, SREI-BNP PARIBAS etc. Consultancy profiles are offered by giants like KPMG , Price Waterhouse Coopers & Deolite. TCS and Mphasis offered internship in IT services. IMRB & JWT offered internship in market research and Client servicing domain respectively.
Note: This is a sponsored article and has NOT been written by the PaGaLGuY Editorial Team. It is intended from an informational perspective only and it is upto the readers to research and verify the claims and judgments in the article before reaching a conclusion.)