Salary up by 22.13 pc, profiles get more interesting at GIM placements

A total of 193 offers were made to 116 students. The IT sector was the largest recruiter with Infosys Technologies (25 offers), Cognizant Technology Solutions (24 offers) and IBM (11 offers) giving highest number of offers. Some of the first time recruiters this year were Accenture, Deloitte, Idea Cellular, HP, HSBC Bank, Hutch, Madura Garments and Tata Motors. A total of 78 companies showed interest in recruiting students from GIM and 47 were slotted for the final placement process. Of these, only 31 companies could recruit GIM students.

The average salary showed an increase of 22.13 pc to Rs. 6.41 lakh per annum this year as against Rs.5.24 lakh last year. Similarly the highest (annual) salary offered was Rs. 9 lakh, as against Rs.8 lakh last year. The median salary this year was Rs. 6.5 lakh, with the least salary offered being Rs. 4 lakh.

The real story of Placements 2007 was, however, not the salaries, but the job profiles that companies offered. Students rejected very high packages in preference of the profiles that constituted their dream jobs. Some of the interesting new profiles offered this year were Credit Risk Management, Bond and Derivative Modeling, Web Marketing, and Supply Chain Management Consulting; apart form usual Sales/Marketing, Relationship Management and Equity Research profiles. Kotak Securities International offered a foreign placement with an opening in their Dubai operations.

The recruitment for summer internships is also progressing at full steam with big names like Yahoo and Deloitte offering posts to students with stipends as high as Rs.45, 000 per month. Also, web startups like Pagalguy.com have offered unique profiles, indicating the emergence of new career options after MBA.