Curtains to IFMR, Chennai placement 2015 are drawn with another year of 100% placement. Commenting on the placement 2015, IFMR says “Being the last report from IFMR Kothari Road it is great to announce another very successful placement season at IFMR”. IFMR recorded placements of over 67% of its batch in BFSI sector. The profiles included equity analyst, risk management and business analyst
The Institute for Financial Management and Research (IFMR) adopted one student one offer policy in the current batch placement season ended in December 2014. The companies visited in a rolling fashion which seems to have been the shortest ever placement season in the campus. IFMR has achieved 100% placement in the shortest placement season 2015 for its current outgoing batch of 2013-15.
Key Trends in placement 2015
IFMR has a consistent record of 100% placement. The placement season 2015 was no exception to the feat. Entire placement 2015 process at IFMR was managed by Student Placement Committee at the B school.
The placement 2015 reflected an upward swing in recruitment with more recruiters offering higher placement packages and several regular visitors revising the previous year pay packages
Average & median salary up
The average salary in placement 2015 rose from 7.51 lakhs in 2014 to 8 Lakhs. The median salary of the campus this season also rose from 6.9 lakhs in year 2014 to 7.35 lakhs in 2015.
Another milestone recorded was more than 10 offers made were greater than 10 LPA which account almost 8.5 % of the batch while 26% of the offers were made between 8 -9 LPA bracket. The placement saw more normally distributed salaries rather than skewed towards one end.
New Recruiters
Several new recruiters visited the campus from BFSI, Manufacturing and Analytics domain. Among the new recruiters who offered employment in campus include Sesa Sterlite, Latent View Analytics, Astra Zeneca, Zafin InfoTech, Wealth Advisors, Marmore Mena Intelligence Pvt Limited and Barclays.
Rise in PPO
The year also saw rise in the number of PPO offered to students. In a total of 9 PPOs were offered as opposed to 3 last year. The students garnered lot of appreciation for their work in Summer Internship which led to the many firms recruiting for finals despite offering PPOs to students. Students at IFMR one again has proved their mettle in the industry yet again
Domain Wise Placement
Finance
The various names that came for recruitment in Financial Domain include industry majors like JP Morgan Chase, Barclays, Deloitte, Crisil, Shell, Inautix and Bank of America. Number of regulars visited the campus for a fourth year in a trot.
Marketing/ Operations and Human Resources
Various companies visited campus bearing offers for marketing operations and human resources domain. Over 30 students who specialized in with non-financial subjects received offers from recruiters like ICICI Bank, HSBC Bank, HCL Axon, Syntel, Astra Zeneca, Sesa Sterlite and TCS.
Consulting and Analytics
Placement 2015 saw a sizeable number of profiles being offered in consulting and analytics. Prominent recruiters included Cognizant Business Consulting and Latent view Analytics. Genpact Smart Decision services also recruited in numbers in the given domain.
About IFMR
The Institute for Financial Management and Research (IFMR), Chennai was established as a non- profit organization in 1970. IFMR is recognized as an Institution of National Importance by the Ministry of Finance. It is an approved institution by the University of Madras for pursuing a Ph.D. degree in Finance and Economics. The B school offers AICTE approved 2-year full-time PGDM programs, 3 years part time programmes as well as PhD programme. IFMR has set up 7 Research centres
In May 2014 IFMR opened its new campus at Sri City. New campus of IFMR is spread across 40 acres in Sri City located along National Highway-5 on the border of two industrialized states, Andhra Pradesh and Tamil Nadu. The place is in the heart of business and trade in the midst of global organizations. The Institute is built in 3,00,000 sq.ft area. The PGDM 2014-16 batch of 180 students with diverse background has already commenced at the new campus in June 2014. The next placement season 2016 will see 1st placement at the Sri city Campus of IFMR.
Stay tuned to MBAUniverse.com for more updates on IFMR
