The 11th batch PGDM batch of IIM Indore consisting 235 students has seen a participation of over 110 companies from various sectors. These include Investment Banking, FMCG, Management Consulting, Banking and Financial Services, Logistics and Supply Chain, Pharmaceuticals and Real Estate. Apart from the IIM Indore regular recruiters like Procter & Gamble, Edelweiss, HSBC, Deutsche Bank, Deloitte, Standard Chartered, JP Morgan Chase, HUL and PepsiCo, there were 36 new companies who showed their faith and confidence in the IIM Indore students. Some of the prominent names are Arshiya International, Idea Cellular, Orchid Pharma, Sony India, Singapore based conglomerate Tolaram Group, IFCI, Suzlon Energy, I-Maritime Consulting, Syntel and Thomas Cook. Number of lateral offers is 62. The growth in the number of participating companies shows the recovering phase of the economy.

Batch Profile

This year, the number of students in the PGDM batch was 235 which saw a 33 per cent rise from last year. Over 35 per cent of the students are graduates from IITs and NITs. The average work experience of the students was of 16 months. 25 per cent of them had more than two years of work experience. Students had work experience in varied fields like Energy, Advertising, Apparel Manufacturing, Aerospace and Architecture. 

Rise in compensation

There has been a revision in the compensation of salary by moving it upwards by 17 to 20 per cent as compared to last year. “The highest domestic offer this year showed a substantial jump, rising by 25 per cent over that of 2009,” informed IIM Indore. The average compensation of the batch is in between 10 to 15 lakh per annum (LPA). The top 12 per cent of the class, who are regarded as the best management brains in the country have secured offers in excess of 22 LPA. However, the highest offer in the campus has seen a substantial rise of 25 per cent from 2009. “The highest domestic offer was made by a Multinational Investment Bank at 28 LPA which includes variable pay,” stated IIM Indore happily. 

Sector trends

--Finance: The most preferred sector among the students remained Finance. More than 30 per cent of the students took up Finance profiles. “Participants were offered an array of roles across exciting profiles such as Corporate and Investment Banking, Venture Capital and Private Equity Funds, Hedge Fund Sales, Retail Banking and Equity Research by JP Morgan Chase, Morgan Stanley, Bank of America-Merril Lynch, Deutsche Bank, Nomura, HSBC, Standard Chartered, Edelweiss, SBI and IDBI Capital,” mentioned IIM Indore. Apart from companies in the Banking, Financial Services and Insurance (BFSI) sector, companies like Larsen & Toubro, Jindal South West, Genpact and Suzlon Energy offered roles in Corporate and Project Finance. Continuing with last years’ trend, Public Sector Unit (PSU) players like Shipping Corporation of India, Bank of India and Union Bank of India also participated in the placements and offered various management roles.

--Sales & Marketing: About 25 per cent students opted for Sales and Marketing profiles. “Leading FMCG companies like Procter & Gamble, Hindustan Unilever, ITC, PepsiCo, Hindustan Coca Cola Beverages, Perfetti Van Melle and AT Foods returned to campus and made multiple offers through the PPO route as well as in final placements,” said the MBA Institute. Automobiles, Telecom, Pharmaceuticals and Manufacturing companies also offered sales and marketing roles. Some of the noteworthy companies are Tata Motors, Airtel, Idea Cellular, Bajaj Auto and Pfizer.

--Consulting: Consulting as a profession was preferred by 13 per cent of the students. Offers were made from consulting firms across sectors like Manufacturing, Retail and IT. Notable companies in this sector were McKinsey & Co., PricewaterhouseCoopers, Deloitte, Hewitt Associates, Bristlecone and i-Maritime Consulting. Students with a niche profile were also offered in Supply Chain Management (SCM) Consulting, Consulting to mid-sized corporates, Healthcare Consulting, Retail Consulting and Real Estate Consulting.

--Corporate Strategy & General Management: This year also saw a rise in the General Management roles as one of the sought after career options of the IIM Indore PGDM students. “Prominent industrial houses and conglomerates like Mahindra and Mahindra, Jindal Steel and Power, Essar Group, Bharti Group, Larsen and Toubro and K Raheja Universal offered GM roles,” IIM Indore stated. A significant percentage of students have been offered the role of MD/CEO of the company wherein they will directly report to their CXOs. “A total of 17 per cent of participants opted for GM profiles across sectors,” IIM Indore informed.

--Information Technology: This year also saw the return of the IT recruiters from the companies like Cognizant Business Consulting, Syntel, Infosys, HCL Technologies, Wipro, TCS, IBM and L&T InfoTech. Around eight per cent of the batch secured offers from these top IT companies. The job profiles offered to them are IT Consulting, Project Management, Sales, Business Development and Corporate Strategy. 

International offers

International companies such as Olam International, Tolaram Group, Dubai Metal Fabricators LLC and iCRM participated in the IIM Indore placement process this year. The locations of work which was offered to the selected students are USA, Africa, the Middle East, Singapore and Thailand. 

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