Statistics
Average annual compensation stood at INR 10.29 lakhs p.a., declining by 21 pc over last year and highest annual compensation stood at INR 63 lakhs p.a., increasing by 41 pc over last year. Also, the median annual compensation was INR 9 lakhs p.a. against INR 10.5 lakhs p.a. in the previous season.
While an average annual compensation of INR 9.65 lakhs p.a. was on offer to candidates with no prior experience, candidates who had prior experience were extended offers with an average annual compensation of INR 10.67 lakhs p.a.. Candidates with prior work experience register a raise of 166 pc in annual compensation during lateral placements. One of the candidates with more than five years experience with government establishments bagged a front-end I-Banking role with a seven-fold hike in annual compensation.
Final Placements 2009 witnessed an increase of about 45 pc in foreign postings and foreign assignments as compared to those offered in Final Placement 2008. About 50 pc of foreign assignments were from IT/ITeS sector. Offer was made by an IT major for an international stint; offers in UK and Canada were made by a global e-services vendor, and a Dubai based enterprise solutions provider offered positions in multiple geographies.
Recruiters
Regular recruiters at the campus included Deutsche Bank, HSBC, Standard Chartered, Deloitte, Infosys Technologies, Knight Frank, ITC, Johnson & Johnson, Pfizer, GSK Pharma, L&T;, Bharti, HT Media, AT Foods and Godrej. Placements 2009 also witnessed candidates accepting a range of profiles across various Public Sector Undertakings such as BPCL, SAIL, ONGC, IOCL, Bank of Baroda and Union Bank of India.
Following a venture by two IIM Indore candidates (www.ourownbook.com) from the Class of 2008, two candidates from IIM Indore Class of 2009 opted out from the placements to pursue their dreams of starting entrepreneurial ventures in the education sector. Candidates also opted to join start-ups this season with equity stakes and senior positions of responsibility in functions such as business development, general management, sales and marketing. Some start-ups participating in the placements were Excelan Consultancy, The Colour Factory, Direct-I, Resurgent India and Bizzsource.
The following firms recruited from IIM-I for the first time:
a) Infrastructure and Manufacturing firms like Punj Llyod, Jindal Steel, Bosch, Jindal South West, Indofil Chemicals Company, Mahindra & Mahindra, Grasim etc.
b) Financial institutions like CARE Ratings, SBI Capital, Unicon Investments and UTI Mutual Fund also offered a variety of roles.
c) Other firms like Manipal Group, Indebo, Renoir Consulting, VIP Industries, Virgin Mobile, Eli Lilly & Co., Infrasoft Technologies, One97 Communications, Kelloggas and Amul.
Finance
The Finance domain attracted around 50 pc of the Class of 2009. Recruiters in the Banking and Financial services space included Multinational & Indian Banking majors, Credit Rating Agencies, Derivatives Trading firms, Broking, Asset Management, Investment Banking and Private Equity firms. Various profiles that were offered included financial consulting, private equity advisory, front-end I-banking, buy-side analyst profiles etc. The average annual compensation offered in this domain was INR 9.27 lakhs p.a.
Firms that offered Finance roles were Deutsche Bank, Yes Bank, Standard Chartered, HSBC Global Research, Axis Bank, Bank of Baroda, Union Bank of India, UTI Mutual Fund, ICRA, SEBI, L&T;, CTS, Jindal South West etc.
Sales/Marketing and Business Development
This domain saw 25 pc of the batch moving into sectors like FMCG, IT/ITeS, Energy, Media, Telecom and Pharmaceuticals. The average annual compensation offered in this domain was INR 13.44 lakhs p.a.
16 students will join FMCGs like Hindustan Unilever, Colgate Palmolive, Marico, Dabur, ITC and AT Foods. 50 pc of the international offers were made to candidates in IT/ITeS for Sales & Business Development with international job-postings. Some candidates also opted for unconventional roles in international Online Marketing. Firms like GSK Pharma, Eli Lilly, and Pfizer etc represented the growing Pharmaceuticals sector with roles in brand management, sales and business development.
Consulting and Corporate Strategy
15 pc of the batch joined firms in Consulting and Corporate Strategy domain. Average annual compensation offered in this domain was approximately INR 10 lakhs p.a.
Organizations such as Punj Llyod, Infrasoft Technologies, Grasim, Larsen & Toubro offered positions in the area of strategy as Executive Assistants to CXOs. The Jindal Lead Management Group profile was offered by the Jindal Group. An Indian conglomerate offered strategy positions to work closely with a management consultancy firm for creating a growth program for the organization. Other recruiters offering strategy roles came from sectors such as Education, Healthcare, Infrastructure, Manufacturing, FMCG and Media. Business Advisory and consulting roles were offered in areas such as Real Estate, Financial Services, Professional Services, IT/ITeS, Life Sciences etc. Firms that offered business advisory roles are McKinsey & Co., Arthur D. Little, PwC, Deloitte, Renoir Consulting, Knight Frank, IBM & i2 Technologies.
General Management and Operations
The General Management and Operations domain saw 12 pc of the batch recruited by firms like Bosch, IMS, TIME, HT Media, Big 92.7 FM and Era Group. General Management roles were offered with an average annual compensation of INR 8.5 lakhs p.a.
Kelloggas, Maersk Logistics, Amul, Gati and Nerolac Paints are some of the organizations that offered roles in the Operations domain during the placement process.
Career Shifts
IIM Indore Final Placements 2009 also provided candidates the opportunity for career shifts, like a doctor with prior international exposure would be graduating with a consulting role in the healthcare and life sciences sector, and a scientist from defence background has been offered an opportunity to work in medical equipmentas market. The most experienced candidate from IT/ITeS domain in the current batch was able to leverage his prior experience by being inducted into a senior management position in the micro-finance space by an Indian MNC conglomerate.