th year, the management institute has embarked on a new series of endeavors to cross
the last mile and launch itself into the galaxy of great b-schools, an example
of which is the enhanced focus on the infrastructure.
As a reward, rising recruiter confidence stands testimony to the rise of brand
Somaiya not only in India but also across the world, a taste of which could be
had from the placement statistics of the Class of 2007. From quantity to
quality, from packages to profile, the placement extravaganza has it all!!! So
let the fireworks begin!!!
To start with, two companies namely Lafarge USA and ICICI Bank offered
three foreign placements offers at KJ Somaiya. The average domestic salary
vaulted to 6.73 lacs p.a., showing an impressive 21% leap from 5.57 in
2006.The highest domestic salary was 12 lacs and about 33% students got
above 7 lac p.a. The median was also a close 6.5 lacs p.a., a notable rise
from 2006’s 5.4 lac p.a.. This, not withstanding the whopping 282
management grads (more than double the figure of any b-school in India)
Somaiya places every year for its two management courses- PGDBA and
MMS.
The KJ Somaiya band wagon extended across a variety of sectors with IT,
Consulting and Banking & Financial Services scooping the maximum number
of students and others being FMCG, CD, Manufacturing, Pharma etc
As many as 33 companies, all industry bigwigs visiting campus for the first
time give reaffirmation of the increasing corporate confidence in the institute
and its students. A few of the first timers on campus were- UBS (Union Bank
of Switzerland made 4 offers for investment banking), Morgan Stanley (1
offer for investment banking), Deloitte Consulting (1 offer for business
consulting), Lafarge USA (1 offer for USA), IBM (13 offers for business
consulting), Covansys (10 offers for consulting), HSBC (4 offers), Marico (1
offer), Cap Gemini (1 offer), Adventity (3 offers), IOCL (5 offers), Amrop
Hever (4 offers), MindTree (5 offers), Cognizant (5 offers), Idea (6 offers)
along with other reputed names.
Out of 108 companies registered for placements only 69 were able to get
students which included some of our regular recruiters, which feature –
Accenture, e-Clerx, SBI, Bristlecone, JP Morgan Chase, Citifinacial, Fractal,
Mahindra & Mahindra, DHL, Godrej & Boyce, Infosys, TCS, Wipro, Satyam
and Patni Computer Systems among others.
A phenomenal 172 students got placed on Day Zero which speaks volumes
on Somaiya’s industry acceptance as this figure is about 45% more than the
TOTAL batch strength of most B-Schools. The entire batch got placed by Day
One and the number of PPO’s too soared by about 25%.
Another breakthrough achieved was the Lateral Placement Week, organized
for the first time on campus, keeping in view that 55% of the graduating
batch had prior work experience. The resounding success of the process
confirmed that companies trusted SIMSRites with middle management and
not just entry level jobs. Accenture, CapGemini, Deloitte Consulting, Marico,
IBM, Cognizant, Covansys and Patni Computer Systems were among the 25
companies which visited campus for 61 eligible candidates and 58 offers were
finally accepted, a process which hardly took 6hrs. Moreover, the current
batch features 65% of students with prior work experience, which should
ensure the continuation of the lateral placement trend.
In line with the trend witnessed was the huge improvement on the front of
profiles offered, some of which were under the prestigious Investment
Banking, Treasury, Equity Research, Product Management, Brand
Mamangement fields and included responsibilities like Sr. Consultant, Sr.
Business Analyst, Brand Manager, Product Manager etc…
A toast to the college’s success- many companies were very vocal in their
praise for KJ Somaiya. A glimpse:
- Lafarge offered one foreign placement
- ICICI Bank offered two foreign placements
- DHL picked 25% of the management trainees from KJ Somaiya out
of total MTs recruited from top B Schools
- Satyam revised its package and profiles and offered the highest
package offered at any B School and took as many as 23
candidates
- Mindtree Consulting and Deloitte were impressed by the
streamlined and well organized placement process
- HSBC and Ingram Micro among others were especially happy with
the quality of students
- IBM Business Consulting made 13 offers on its very first visit and
expressed desire to continue the relationship.
- Wipro indicated a desire to come for larger recruitment plans next
year
The other large recruiters were ICICI Prudential & ICICI Bank which again
lapped up 16 and 23 students respectively.
Summer Placements 2007
The enthusiasm shown by organizations in the summer placements for the
coming batch of 2006-08 has reconfirmed the trend of great placements to
be continued in the coming time.
The highest stipend offered for the batch of 280 students in summer
placements is 50,000 and an average stipend of Rs. 16,000. Some of the
organizations participated in organizations are – J P Morgan Chase, eClerx,
Marsh India, Citigroup, ICICI Bank, DHL, Godrej, Patni Computer Systems,
Radio Mirchi, Nicholas Piramal, Covansys, CSC, Bank of India, Wockhardt,
Reserve Bank of India, IOCL, JWT, Wipro e Peripherals, Suzlon, Transworld
Group along with other reputed organizations.
Linear Mode
