Quote:
Originally Posted by kaykay@glakes
Hi Puys,
We understand ur curiosity to see the placement report b4 paying ur intial fees. But as mentioned earlier placement process is still going on and companies that were not able to visit during the placement week are visiting us now.
And we will come out with the official placement report once the process gets completed.
To give some insights abt the placements let me give u some info abt our placements.
In addition to the 61 recruiters that came last year, Great Lakes saw a 40% jump in the number of recruiters visiting for placements. 26 NEW companies in diverse fields and profiles visited the institute till date. Placement season at the institute is still going on as Great Lakes allows its students to take multiple offers.
In spite of the ongoing IT slowdown, sub-prime crisis and cut in the recruitments by IT companies, Great Lakes could beat its last year’s record. The average salary of the offers made at Great Lakes till date is 9.58* lacs. More than 60 students have managed to get salaries higher than INR 10 lacs per annum.
*These are indicative figures based on offers confirmed till now. However with the recruitment season still ON, these figures can only go upwards in the coming weeks.
Any specific queries like highest ,lowest, median etc can be calculated only after the process is complete. So pls wait till our placement report is out to get the complete details.
Cheers,
GLaker
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Hi,
Read this in one of the blogs. Really scary!!! Seniors and other puys please comment... after all MBA is a BIG investment.. not just money... but time, effort and career prospects... Here it goes...


"Hi People.....realities are back again. Actually last time I deleted the contents of my blog because of so many disturbing and tasteless mails that I started to receive every minute. But things have changed now....while people were asking me to drop my blog there are many who have come forward and expressed the solicitation with me. The want the truth to be out so here it goes...to all those ready to bust the Great lakes myth. This time around it will be one on one. Once again I bid you…Don’t commit the mistake in haste of doing an MBA. Think rationally and then choose as to why you really want to do an MBA.
Don’t let it become the usual transition of Grad
àMBA or Grad
àWork ex 2-4 yrs
à MBA. Think before you act. Do you really want to fall into same puddle?
Here are some realities about many people’s aspiration:
GREAT LAKES CHENNAI
1. GREAT LAKES IS NOT OFFERING AN AICTE APPROVED COURSE.
To all those merry people out there who cry out hoarse singing the praises of Great Lakes…here is one poser. Great Lakes does not give you an AICTE approved PG. That means that if you want to further studies in India your MBA will not be recognized. As per the Great lakes Website itself…
21. What about recognition to the program?
AICTE approval process for this programme is in progress. Academically Great Lakes has a strategic alliance with Stuart School of Business, Illinois Institute of Technology. The alliance ensures certification by both Great Lakes and IIT. Stuart is accredited in the US by ATGSB.
Great Lakes Institute of Management, Chennai (information available on Great Lakes Website)
I ask. It’s the fourth year in running of the college and still they could not get an AICTE approval. If some people who are there in the MBA arena for some years will remember what happened to the likes of ICFAI, AMITY and Rai Universities. There was a legal battle between the colleges and the AICTE and ultimately PGDM courses from these Universities were scrapped and the futures of students enrolled in turmoil.
Also in my last blog there was a lady who commented that her friend was working in Google and was denied a Visa to US as an MBA since his degree was not AICTE approved. The guy did his MBA from Great Lakes.
All those people who are denying these truths…I bid them to come forward and deny this.
2. GREAT LAKES HAS A VERY POOR B-SCHOOL RANKING.
Now I really laugh at people who deny this fact. It is an open truth that Great Lakes has a pathetic B-school ranking. It is really very heartening that people go on to defend there own college by denying the simple facts. NIRMA, IMI, SIIB, SIMSR, DoMS,GIM etc…rank better than the Great lakes. Don’t blame me please. Follow the simple truth. Here is the link if you do not believe me.
PaGaLGuY.com B-school Rankings 2008 - National Rankings
In many cases Great Lakes does not even figure in B-School surveys. Please deny this fact if anyone can.
3. DON’T GO ON FIGURES…THE PLACEMENTS AIN’T SO GREAT
I stated it earlier and I am saying it again that please put a thought before you go to the placements reports.
Placements figures given by the Great lakes a cumulative picture of International + Domestic Salaries. We all know that Foreign placements are always high on salaries (they are paid in dollars). Even if the foreign placements are not that good in terms of relative placements and profile offered, they still play a large role in hiking up the average salary component. Great lakes never gives a demarcated Domestic average salary or an International average salary. They just give the figure called “Average Salary” which is very dubious and misleading. And yes....did I tell you that International placements are very very few in number. Not more than 5 or 6 of the whole batch.
Hello my dear Great Lakes fans….please deny this fact also if you wish.
Also here is an inside news…people with IT tags on their sleeves..psst…listen..run if you can or else likes of HCL and Infosys BPO will take you away if you sit at the placement week.
Also the international profiles offered are pukable. Once Infosys BPO offered a profile for Server Management in Mauritius. ..Now that an onsite opportunity… is it not?
I guess people with good CAT and GMAT scores deserve much more than these kinds of profile. Run while you still can.
4. GREAT LAKES DOES NOT HAS ITS OWN CAMPUS.
When I posted this last time people went on a rampage. I just ask why? Is it not the truth? Great lakes does not has its campus or an hostel. They have small pithy classes in a shared accommodation. Forget the pristine and plush campuses for an MBA. Its shared acco and rented classes. When the issue was raised the Great Lakes authorities said that the campus will come up for batch of 2008. Now they have updated the FAQ section of their website and have postponed the date by one more year.
Refer Great lakes website:”
29. When will you shift to the new campus?
The ground work for the new campus has already begun. It is likely to be ready by March/April ’09(Last year the website said as March/April ’0
“
Don’t be crestfallen if I say that Symbiosis (which houses 5 colleges in one building) has a better campus. Its true. Ask the overzealous seniors.
- GREAT LAKES HAVE ONLY 6-7 PEOPLE AS PERMANENT FACULTY.
Great Lakes has a very small no. of permanent faculty. Rest all the teachers a visiting faculty.
Please refer
Great Lakes Institute of Management, Chennai
I will say no more.
"