The entire batch of 40 students was placed in two days time with 90 pc of the students being recruited on day zero itself. IIFM received an overwhelming response from 33 organisations out of which 17 were subsequently invited to the campus giving due consideration to the job profile and the packages offered. These organisations made 47 offers, 3 being international, of which two were accepted. Placement 2007 also saw a jump in the number of pre placement offers with 10pc of the students bagging them.
The key organisations that recruited students this year were Olam International, ICICI Bank, Aditya Birla Group and SKS Microfinance. Organisations like ICICI Prudential, HDFC Bank, IMRB, Indiabulls and NCDEX were first time visitors to the campus.
Olam International offered the highest international package of $55,000 while the highest Indian package of 7 lakhs was offered by IMRB. The average salary of the batch touched an all time high of 6.7 lakhs, a 60 pc increase over the previous year.
Keeping up to its tradition, this year too the students were placed in a wide spectrum of sectors ranging from the Rural & Micro Finance sector to the Corporate Sector and the Environment to the Development sector. All the students would be initially undergoing trainings in their respective organisations. Thereafter they would be working towards the integration of the societal as well as economic development which has been the mandate of the institute since its inception.
Placements 2007 has set a new standard at IIFM and the next batch is all geared up to keep the flag flying high”, says Prof P. K. Biswas, Placement co-ordinator IIFM.