IIM Trichy completes first placement; Avg salary @ Rs 10.92 lakh

Tuesday, April 30 2013, 03:40 AM
IIM Tiruchirappalli has concluded final placements for its flagship two-year PGPM even as top companies recruited all the participating students of the very first passing-out batch of the new IIM.
While the average annual package offered to the students was Rs 10.92 lakh, the highest package stood as high Rs 18.25 lakh, the institute said.
Indian Institute of Management Tiruchirappalli (IIM-T) has concluded final placements for its flagship two-year PGPM even as top companies including ICICI Bank, YES bank, Cognizant, KPMG, Wipro, Tata Power, BPCL, HPCL, Kellogg India, Ranbaxy recruited all the participating students of the very first passing-out batch of the new IIM.

While the average annual package offered to the students was Rs 10.92 lakh, the highest package stood as high Rs 18.25 lakh, the institute said.

According to the placement officials at IIM-T, As many as 59 recruiters participated in the process to offer a total of 76 jobs and recruited all the 74 students who sought campus placement. Out of the total strength of 80 students, six students opted out of the placement process.

“Notwithstanding the difficult economic environment, IIM-T had a successful final placement process for the 2011-13 batch, the largest First Batch among all IIMs. The placement process saw a total of 59 recruiters through a rolling process,” said Dr Godwin Tennyson, Chairperson, Placement and External Relations, Indian Institute of Management Tiruchirappalli.

“A mix of factors like quality faculty, placement team’s effort and the increasing industry linkages of IIM Trichy has resulted in this success,” he said, adding, “The companies trusted our students and their skills and it is a matter of proud for us to be standing among the Top IIMs on placements.”

According to the institute, prominent recruiters like Cognizant Business Consulting, KPMG, Perfint Healthcare, BPCL, Indian Bank and Berger Paints recruited four or more students each.

The students chose a mix of profiles, both in terms of the broad domains and specific roles like Corporate Banking, Product Liability Management, General Management, Operations Consulting and Supply Chain Planning.

Sector-wise:

BFSI and Consulting emerged as the hot sectors as 21 per cent and 19 per cent students respectively chose for different roles in the two sectors. While IT/ITeS and Infrastructure & Energy each attracted 15 % of the batch, FMCG and Healthcare each drew 11 % of the total students participating in the placement process.

Key Recruiters

BFSI:

ICICI Bank, YES bank, Indian Bank, Indus Valley Partners, Citrus Payments, Kotak Mahindra Bank, IFMR Rural Finance

Consulting: Cognizant Business Consulting, KPMG, Vernalis, IQR Consulting, Hunt Partners

IT/ITeS: Wipro, Meritus Global, Commonfloor, Ameex Technologies, CSS Corp, Thinksoft

Infrastructure & Energy: Sterling and Wilson, Gamesa Corporation, Tata Power, BPCL, HPCL

FMCG: Kellogg India, Berger Paints, Kaleesuwari Refinery

Healthcare: Ranbaxy, Dr. Reddy’s Labs, Perfint Healthcare

Manufacturing & Others:
Mahindra GMC, Flextronics, Sanmar Group, TAFE

Function-wise Categorization:

While 32 % of the students opted for roles in Marketing, 26 % chose profile in Finance. Other sought after functions included Consulting (20 %) and IT/ITeS (15 %).

Marketing: 
Marketing emerged as the forte of IIM Tiruchirappalli. Various roles in Sales, B2B Sales, International Marketing, etc. were offered. The offers spanned different sectors including FMCG, Infrastructure, Healthcare and
BFSI. Some major recruiters include Ranbaxy, Dr. Reddy’s Lab, Berger Paints, HPCL, BPCL, Perfint Healthcare, Gamesa and TAFE.

Finance:  ICICI Bank, YES Bank, Indian Bank, Indus Valley Partners, Kotak Mahindra Bank, Tata Power, Citrus Payments and IFMR were some of the prominent recruiters who recruited students for roles in Finance. ICICI Bank and YES Bank offered Corporate Banking, Kotak Mahindra Bank offered Wealth Management. Other profiles offered included Corporate Finance, Rural Finance, Risk Management and Project Finance.

Consulting & Analytics: 
Cognizant Business Consulting and KPMG recruited majority of students in this function placing them in diverse verticals like Manufacturing, BFSI, Retail & IT Consulting. Flextronics, Vernalis & IQR Consulting offered Business Analytics profiles.

IT/ITeS:  The significant percentage of students with work experience in Information Technology helped attract several companies for this function including Ameex Technologies, Wipro, Common Floor, Meritus Global, Thinksoft and CSS Corp. The roles offered include Program Manager, Business Development, Business Process Consultant and Business Analyst.

Human Resources: Students interested in HR profiles were hand-picked for interesting roles such as Performance Management, Employee Engagement and Recruitment. Perfint Healthcare, Tata Power and Hunt Partners were the prominent recruiters in this function.

Operations: Mahindra & Mahindra and Kellogg recruited students for roles in Supply Chain Management.

Stay tuned to MBAUniverse.com for more placement Reports 2013 from Top B-schools in India.