The Indian Institute of Management Indore completed its placement process on March 10th 2009. Placements 2009 at IIM Indore saw a batch of 175 candidates walking away with lucrative jobs in preferred sectors and roles. As opposed to 95 recruiters last year, 2009 saw 126 organizations participating in the Final placement process.
In view of the global scenario, preparations for placements 2009 began early and were helped by the faculty and the alumni of the institute. The candidates of the graduating batch were regularly mentored by the faculty to help them proactively plan their careers. Prof. Prashant Salwan, Chairman - Placement Committee, says, “At IIM Indore, we encourage our candidates to think long-term and to continuously seek out opportunities for growth undeterred by business cycles.”
This year also saw a significant growth of 45% in international assignments over those offered in Final Placements 2008. The offers were made by an IT major for an international stint; offers in UK and Canada were made by a global e-services vendor, and offers in multiple geographies were also received by a Dubai based enterprise solutions provider.
This year saw continuing partnerships with major recruiters such as Deutsche Bank, HSBC Global, Standard Chartered, Deloitte, Infosys Technologies, YES Bank, TCS, Knight Frank, ITC, Johnson & Johnson, Pfizer, GSK Pharma, L&T, Bharti, HT Media, AT Foods and Godrej.
IIM Indore saw a large increase in first time recruiters, making a significant number of offers and offering some niche profiles. The number of new recruiters stood at 71, as compared to around 30 last year. New recruiters on campus included UTI Mutual Fund, Mahindra and Mahindra, Virgin Mobile, Unicon Securities, Eli Lilly, Infrasoft Technologies, etc.
Interestingly, when it was expected that the Banking & Financial Services (BFSI) sector would be the worst hit, it was still the leading sector in terms of number of offers. Similar to the previous years nearly 50% of the total offers came from this sector. This was due to the participation by leading multinationals and Indian Banks, Credit Rating Agencies, Insurance, Trading, Broking and other Financial Service firms.
The BFSI sector also saw some coveted profiles being offered such as Front End Investment Banking from a boutique Investment Banking firm and Buy Side Analyst with a leading Asset Management house apart from niche roles such as Financial Consulting and Private Equity advisory.
The talent on campus was recognized by the corporate world this year with offers from diverse sectors such as Manufacturing, IT/ITeS, FMCG, Banking & Financial Services, Media, Travel & Tourism, Infrastructure, Healthcare and Pharmaceuticals, Education and allied services and Energy. Recruiters included Punj Lloyd, the Manipal Group, Pfizer, GSK Pharma, ONGC, TIME, IMS, etc.
Lateral participants benefited most from the placement process this season with candidates realizing an average rise in annual compensation of nearly 166% over that drawn prior to joining PGP at IIM Indore. The average salaries this year was 10.29 Lakhs, with the highest salary being INR 63 Lakhs for an international business development profile – an increase of 41% over the highest salary last year.
