For the first time the summer placements 2007 at Shailesh J. Mehta School of Management (SJMSOM) at IIT Bombay witnessed various international offers with banking giant ICICI Bank and US Technology leading the way. SJMSOM was reports an increase of 80% in the number of companies coming to campus, over the last year. For a batch of 74 students around 42 companies participated in the process. According to SJMSOM, the highest stipend offered this time was staggering Rs 1.2 lacs excluding benefits.
First time recruiters included industry bigwigs like P&G, UBS, HSBC, American Express, HP, Cargill, Coca Cola, Enam, Britannia and many more. Companies like GE, Cargill, Marico, L'Oreal and RPG offered profiles across various domains.
The profiles offered at SJMSOM included private Equity, Business Strategy Development in Real Estate, Investment Banking, SCM and IT, Corporate, Finance, Leadership, Treasury, Risk Advisory Services, Sales and Marketing etc.
According to SJMSOM, "There was an even spread of students across various profiles."
Cargill, an international giant in the food, agriculture and risk management products and services business, offered multiple profiles in SCM, Sales & Marketing and Corporate Finance. Whereas, leading cosmetics and Beauty Company L'Oreal, which has been a traditional recruiter, offered profiles in Marketing and Operations. Cadbury, a world-renowned confectionery company, offered profiles in Operations. "Croda international, world leader in speciality chemicals, Britannia, leading Indian Food processing company, and Godrej Consumer Products, one of the major players in FMCG sector offered profiles in Sales & Marketing", says SJMSOM.
E & Y, one of the leading professional services firm in the world, The Progress Group (TPG), leaders in Logistics and Supply Chain Consulting, Synovate Business Consulting, one of the prominent consulting firms, Feedback Ventures, India's Leading Integrated Infrastructure Services Company, and strategy and management consulting firm Avalon Consulting offered exciting roles to the students in the consulting domain.
Reputed global financial services company American Express offered profiles in risk management. Tata Capital, the financial services arm of the Tata Group, offered multiple roles including that of Private Equity.
Enam, a leading financial services provider and ICICI Bank were some of the big names to offer Investment Banking. Lodha and Mayfair Housing, booming real estate sector offered the niche profile of Business Strategy Development.
According to SJMSOM, "The entire summer placement process was wrapped up just in 2 days with almost all students ending up with the profiles of their choice. This was despite a 40% increase in the batch strength from the previous year."
