IIM-I Placements 2011: Consulting and investment banking companies emerge as favourites

The final placements for the students of PGDM 2009-11 batch of IIM Indore concluded recently in flat 5 days. The placements process witnessed a participation from almost 100 companies offering a wide array of profiles across the functions of finance, marketing, HR, operations, strategy and IT.

In terms of compensation, the average package this year has increased by 27% over last year. The highest domestic compensation offered was Rs. 32 lakh per annum (LPA), which was made by an Investment Bank. Most of the jobs were offered were in sectors like BFSI, FMCG, Consulting, etc. This year, companies from sunrise sectors like education, healthcare and eco energy also offered senior management profiles. The financial services sector was represented by renowned recruiters like Deutsche Bank, JP Morgan Chase, Edelweiss, HSBC-GR, Standard Chartered, Bank of America-Merrill Lynch, Nomura. This year also saw the addition of Goldman Sachs as a recruiting partner, which offered a rare buy-side profile in Investment banking. Indian majors like ICICI, Yes Bank, Axis Bank, HDFC, SBI Caps and IDBI Caps offered multiple profiles in treasury, wealth management, corporate and retail banking. The IT sector recruited in large numbers with majors like Microsoft, Cognizant, Infosys, HCL Technologies, L&T InfoTech, Hewlett Packard, iGate, MindTree Consulting and Mphasis offering roles in IT Consulting, Project Management, Sales, Business Development, Corporate Strategy and Human Resource. IIM Indore hosts a flagship rural immersion program to sensitize the students to socially relevant aspects of the country and give them exposure to the local governance. Two participants chose to opt out of the placements to pursue their passion in working for the cause of education. One of them took up the route of entrepreneurship, while the other decided to join the Teach for India movement through their two-year fellowship program. Stay tuned to MBAUniverse.com for more news from IIM Indore.