Salary up by 24 pc at SJMSOM placements

Nearly 10 pc of the batch was offered international profiles with Olam international offering the highest international salary of $85,000.The domestic salary reached a new high of Rs 13.2 Lakhs offered by a leading international SCM and retail consultancy firm. More than 40 pc of the batch became overnight millionaires even before graduating, breaching the coveted Rs 10 Lakh barrier! The strength of the placements can be gauged by the fact that only four students had a salary less than Rs 8 Lakhs.

Commenting on the placement process, Prof. S V D Nageswara Rao, Placement Co-Ordinator said “The strong response by top companies once again re-affirms faith of the industry in the strong academic program at SJMSOM, IIT Bombay. Students were spoilt for choice in terms of profiles and salaries and Placements Process 2007 provided a strong platform for them to launch their career in management.”

The placement season at SJMSOM, IIT Bombay had already kick started on a very bright note with many students receiving lucrative Pre-Placement Offers (PPOs) from various companies. The Pre Placement Offers registered a huge increase this year as compared to the year before; with 37% of the batch having offers in hand even before the final placements started. Various renowned companies like Marico, RPG, Wipro, L’Oreal, Patni, eClerx, Cadbury, Tata Motors, CitiGroup have offered PPOs/PPIs.

Of the many companies, which visited the campus, 41 companies made 141 offers averaging 2.43 offers per student. Regrettably, the rest of the companies had to leave empty handed. Kunal Kundaje, who was offered an international SCM role in Olam International says, “Getting international exposure after my MBA was my dream. As a fresher, the challenging SCM role offered by Olam is an icing on the cake for me. I couldn’t have been happier.”

The highlight of the placement process was the diverse profiles on offer by leading companies in Leadership, Private Equity, Investment Banking, Management & IT Consulting, Sales and Marketing. Among the new companies that visited campus for the first time were industry leaders like CTS, ECS, Dell, Deloitte, GE, HSBC, Intel, SAP. Regular recruiters in the field of IT, FMCG, Operations, Banking and Finance like Accenture, Citigroup, IBM, Infosys, JPMC, Marico, RPG, TSMG, Wipro and others came back to campus to pick up the outstanding talent on offer during the placement process. Shreevardhan Kabra, student, SJMSOM, IIT Bombay, offered a consulting profile in Deloitte, was quoted as saying: “Deloitte is one of the international leaders in the consulting domain and this job has opened up new avenues for me. I’m looking forward to work with the very best in the world.”

This year’s recruitments at the SJMSOM, IIT Bombay are proof of the depth of talent and reflect how the students are being treated as the best of the best by the leading companies of the world.

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