Students
Reject Fat Pay-Cheques to Favor Dream Profiles in Placement 2008 at Goa
Institute of Managementtext
Goa Institute of Management (GIM),
one of the premier B-schools in India, had phenomenal placements this year. The
thrilling, once-in-a-year experience that every B-school looks forward to, that
is, the "Placement Week", was over within few hours for GIM!text
Placements for the batch 2006-08
started in the early hours of 14th of December and ended the next day. During
the intervening hours, 119 studentstext from
different academic backgrounds with varying work experience were placed in
40 companiestext. text
GIM, which has always been a
favorite haunt of IT companies, has a different story to tell this time. Giants
like Hindustan Unilever Limited, State Bank of India, Marico, Vodafone, Mercer
Consulting, Thomas Cook, Deloitte and Citiglobal straddling across various
domains made a beeline to grab the GIM talent. Regulars like Wipro Technologies,
Infosys, and Cognizant were joined by newcomers like CapGemini and EDS. text
A total of
194 offerstext (plus 12 pre-placement offerstext)
were made to 119 students, i.e., 1.63 offers per studenttext.
In order to gear up for the forthcoming challenges expected to emerge from the
liberalization of banking sector post 2009, leading banking and financial
institutions like SBI, HSBC, Kotak, Centurion Bank of Punjab, etc., made a total
of 55 offers. Out of the 72 companies which registered with GIM for the
recruitment process, only 40 could recruit. text
The real story of Placements 2008
is students rejecting fatter pay-cheques in favor of their dream profiles.
Moving higher up in the value chain, GIM students managed to attract stellar
profiles like Transition Managers, Arbitrage Strategist, Treasury Functions,
Investment Research, Risk Management, Valuation Services, Branding and Strategic
HR consultancy.text
The
average salary showed an increase of 15.62% to Rs. 7.4 Lakhs per annumtext
this year as against Rs. 6.41 Lakhs last year. Similarly, the
highest (annual) salary offered is Rs. 9.5 Lakhstext.
The median salary this year is Rs. 7.5 Lakhs, with the least salary offered
being Rs. 5.5 Lakhs. text
Things look even brighter next
year with big names like Yahoo!, Deloitte and Marico having offered summer
internships to students with stipends as high as Rs. 45,000 per month.text
Placement
2008 Statisticstext
Following is the snapshot of the
placement process: - text
| Total
Studentstext |
119 text |
|
Recruiter Interestedtext |
72 text |
|
Recruiters Who Recruitedtext |
40 text |
| Total
No. of Offerstext |
194 text |
|
Average Salary (Rs. Lakhs)text |
7.4 text |
|
Highest Salary (Rs. Lakhs)text |
9.5 text |
| No. of
Pre-Placement Offerstext |
12 text |
The statistics of the
compensation are as follows: - text
| text |
2008text |
2007text |
% YOY Increasetext |
|
Highest Salarytext |
9.50 text |
9.00 text |
5.56% text |
|
Average Salarytext |
7.40 text |
6.41 text |
15.44%
text |
| Median
Salarytext |
7.50 text |
6.50 text |
15.38%
text |
|
Minimum Salarytext |
5.50 text |
4.50 text |
37.50%
text |
| * All figures are
in Rs. Lakhs per annum. Subject to revision. Figures are CTC and do not
include benefits. Includes variable pay at average performance. |
Some of the key recruiters are: -
text
|
Hindustan Unilever Ltd. *text |
Vodafonetext |
Mercer
Consulting *text |
|
Deloittetext |
State
Bank of
India *text |
VSNLtext |
Centurion Bank of
Punjab *text |
Thomas
Cook (I) Ltd. *text |
Godrej
& Boycetext |
| Aranca
*text |
Infosys Technologiestext |
Tata
Motorstext |
|
Cognizanttext |
Kotak
Banktext |
HSBC
Professional
Services *text |
| ICICI
Prudentialtext |
HP-DSAStext |
Citiglobal Services *text |
|
CapGemini *text |
Adventity *text |
Infosys BPOtext |
|
Motilal Oswal *text |
Tata
Capital *text |
Mphasis-EDS *text |
| Maricotext |
FirstSource *text |
Eicher
Motorstext |
| Eclerx
Services *text |
Kotak
Securitiestext |
HSBC
Banktext |
| Sifytext |
IDEAtext |
Wipro
Technologiestext |
|
Pidilite Industries *text |
Kotak
Insurancetext |
Vedantatext |
| IMRBtext |
Patni
Computerstext |
Reliance Life
Insurance *text |
| BIG FM
*text |
text |
text |
| * First-time
Recruiters |
