Placements 2007 @ Great Lakes, Chennai

[mitalikashyap]

Originally Posted by mkinra

Hi Manav,

As i said in IT the profiles were SBA's/BA's/BC's/SBC's

In other fields you can chose Marketing, Corporate Finance, Investment Banking, HR etc

Manik at Great Lakes site it is mentioned that students are prepared in various verticals. What is the parameter on which it is decided that who will be "made ready" in which vertical. Or is it an open choice?

[mkinra]

Media which has covered Great Lakes Placement Report,

http://www.thehindubusinessline.com/2007/02/15/stories/2007021504791300.htm

http://www.mbauniverse.com/innerPage.php?id=ne&pageId=111

http://economictimes.indiatimes.com/articleshow/1606016.cms

http://www.pagalguy.com/index.php?categoryid=54&p2_articleid=724

http://www.coolavenues.com/placements/2007/glakes-f-07a.php

More to come, and with Rolling Placements - International going on, we would soon be coming out with an updated report in about a week or two.

[mkinra]

Originally Posted by mitalikashyap

Manik at Great Lakes site it is mentioned that students are prepared in various verticals. What is the parameter on which it is decided that who will be "made ready" in which vertical. Or is it an open choice?

It is the student himself who decides as to which vertical he wants to equip himself to.

[vibhuti17]

What is a more important data

(1) Average salary
(2) Median salary

out of these two which is more important

[mkinra]

Originally Posted by vibhuti17

What is a more important data

(1) Average salary
(2) Median salary

out of these two which is more important

Both of them are equally important.

Median Salaries gives you an indication as to how the entire batch performed whereas Average gives an indication of the opportunities the batch had.

For ex, one person might get 40 L and shoot the average to 10 L, but that doesnt mean everyone got equally great packages. Median tells you if you are ranked 81 in the class where would you land, what sort of package would you get.

[SureThisTime]

Originally Posted by vibhuti17

What is a more important data

(1) Average salary
(2) Median salary

out of these two which is more important

Hi...
to my knowledge, Median salary represents "most no of people getting such kind of salary".
Manik! M I correct?

[mkinra]

Originally Posted by SureThisTime

Hi...
to my knowledge, Median salary represents "most no of people getting such kind of salary".
Manik! M I correct?

See if there are 162 people, the salary of the 81st person would be mean - So it tells you exactly the dividing line in terms of salaries, whereas the average would be sum of the salaries divided by no. of students.

[soulofchange]

Originally Posted by SureThisTime

Hi...
to my knowledge, Median salary represents "most no of people getting such kind of salary".
Manik! M I correct?

That is mode in stats buddy. Median is mid way number in a series when arranged in either ascending or descending order. Here, Median sal means around 50% getting more than that sal and of course rest approx 50% less than that.

[bbharath]

hi mkinra,

What approx has been the average/median fugure for poele with 2.5 years of work ex? And what sort of roles have they been offered?

[mkinra]

Originally Posted by bbharath

hi mkinra,

What approx has been the average/median fugure for poele with 2.5 years of work ex? And what sort of roles have they been offered?

Approx around 8 L in IT, around 10 L in BFSI and similar in Operations/Consulting.