SJMSOM IIT Bombay Final Placements 2008

[floyd&vodka]

FLOURISHING PLACEMENTS AT SJMSOM, IIT BOMBAY

A total of 53 companies gave 153 offers to the batch of 53 students. The offers per student stood at 3 approximately . The average domestic salary increased by 44% from the previous year’s figure of Rs. 9.71 lakhs to Rs. 13.96 lakhs this year. The median salary registered a rise from Rs. 9.5 lakhs to Rs 14.50 lakhs, an indicator that most of the batch got salaries in the upper band. The highest domestic offer was Rs. 21 lakhs whereas the lowest salary was of Rs 7.75 lakhs. The highest international offer was US$ 85,000 by Olam International (Singapore)

Pre-Placement offers were made to 40% of the batch before the start of the placement process. The list of companies included Citibank, Standard Chartered, L’Oreal, Cadbury, Spencer’s Retail, Feedback Ventures, TPG, and Wipro.

The significant thing about the final placements this year was the exciting profiles that were on offer. The companies offered profiles in General Management, Private Equity, Investment Banking, Wholesale Banking, Management and IT Consulting, Strategy and Execution, Sales and Marketing amongst others. Senior positions like Associate Vice President and fast track Leadership roles were the most coveted profiles. A heartening thing was that corporates offered specific roles to suit the interests of students to attract them. HCL, for example, offered a unique international role in Business Development for the middle east region which is one of the most sought after positions in services industry.

The strength of this year’s placements could be gauged from the large number of first time recruiters. Microsoft, SUN Microsystems, P&G, ITC, Glenmark, E&Y (Business Advisory Services), Universal Consulting, Global eProcure, HSBC, Barclays Bank, ICICI Securities, Yes Bank were some of the new recruiters. Niche profiles in oil and gas sector were offered by companies like Cairn Energy and GE Oil and Gas. Companies like HSBC, Bank of America LLC, and Feedback Ventures expanded their existing relationship with the School by offering positions in Finance and Infrastructure advisory respectively.

International Offers
This year, SOM made a significant foray into the international frontiers. Nearly 17% of the batch was offered international profiles, a considerable increase over last year. The school saw a surge of multinational companies recruiting graduating students for their international positions with the highest salary of US$ 85,000. Companies like ICICI Bank, Swiss Re, HCL, Olam International (Singapore), and Glenmark were some of the companies offering positions abroad.

Consulting
The consulting domain saw an impressive array of profiles being offered to the students. Some of the companies which visited the campus, among others, include Ernst and Young (Business Advisory Services), Feedback Ventures, Universal Consulting, Tholons, Avalon Consulting, Inductis, Deloitte, Capgemini, TPG, and Global E-Procure. Business Consulting, Infrastructure Advisory, Government Advisory, Operations and SCM Consulting were some of the profiles offered. Almost 18 percent of the batch opted for the exciting profiles offered by these consulting firms.

Leadership Profiles
Indicating the growing recognition of leadership acumen of students at SOM, companies such as GE, Tech Mahindra, Cadbury, Cummins, and HCL offered the much coveted Leadership profiles to approximately 14% of the batch.

Banking and Finance
Positions in Banking and Finance were offered to 23% of the graduating batch. Exciting profiles such as Private Equity, Investment Banking, Credit Risk, Consumer and Wholesale (Corporate) Banking, Research and Analysis, and Corporate Finance were offered by companies such as HSBC, Lehmann Brothers, Bank of America LLC, Barclays Bank, JPMC, Standard Chartered Bank, ICICI Securities, Yes Bank, Citibank, ICICI Bank, and Kotak Bank. The no. of offers in the area of Finance has been increasing over the years.

Sales and Marketing
Diverse profiles in Sales and Marketing were offered by reputed companies such as Castrol, Sybase, Sun Microsystems, Oracle, RPG Group, and Idea Cellular to 13% of the batch.

FMCG
This year’s placement also witnessed the enthusiastic participation of FMCG companies such as P&G, ITC, Marico, Cadbury, and Wipro.

Systems and IT
This area was represented by global IT majors such as Microsoft, Oracle, Intel, IBM, Sun Microsystems, Accenture, CTS, and HCL. Offers in this area constituted about 30% of all the offers made at SOM.

Operations
Operations domain also saw participation from reputed firms such as Glenmark, Cummins, Cadbury, P&G, Olam, Global E Procure, TPG, and others, which offered exciting roles.

The excellent placement at SOM in the face of difficult situation arising from subprime losses, global slowdown, recession, and rupee appreciation highlights the position of strength the school occupies in the industry.

The complete press release is attached here.

[sharang]

Phew...breathtaking...the most attractive and maybe the winner is the median of 14.5 L...WOW

[akg7091]

WOW
The median salary is the most enticing

[blue oyster cult]

Hi Floyd&Vodka,Congrats dude on SJM's awesome placements..........It now comes just after A, B and C and at par with L and XL.Highest International : Olam :: Highest Domestic : ????Another small query......since I am a lil bit fascinated towards numbers.......the median salary quoted is INR 14.5 lpa and with 53 students, this implies that 26 or 27 people must have got more than 14.5 lpa. Now there are 9 international offers (17% of 53); hence that means that the rest 17 or 18 people must have got a figure of 14.5 lpa or more. Am I right?If so, can u please mention the names of companies apart from the ones that provided international offers which have given 14.5lpa or more?

[dubya]

44 % jump........OMG.............awesome,gr8 going........Congrats to all IITB students and faculty

[LastActionHero]

Originally Posted by blue oyster cult

Hi Floyd&Vodka,Congrats dude on SJM's awesome placements..........It now comes just after A, B and C and at par with L and XL.Highest International : Olam :: Highest Domestic : ????Another small query......since I am a lil bit fascinated towards numbers.......the median salary quoted is INR 14.5 lpa and with 53 students, this implies that 26 or 27 people must have got more than 14.5 lpa. Now there are 9 international offers (17% of 53); hence that means that the rest 17 or 18 people must have got a figure of 14.5 lpa or more. Am I right?If so, can u please mention the names of companies apart from the ones that provided international offers which have given 14.5lpa or more?

Your numbers are correct w.r.t to the median salary. However revealing
the exact companies that gave above 14.5 Lakhs is not possible as it
would be tantamount to revealing specific salary details which many
companies don't appreciate. Similar reason for not revealing the name of
the company offering the highest domestic salary as we haven't got the
permission to do so. But people tuned into the placement season can
easily figure out which companies might have offered above 14.5 from the
list of companies above.
If you want to know more details about the placement process and the college.. you are free to visit iit b and talk to the students. We can surely give you more details here. However, it would not be possible for us to post it in a public forum.

[LastActionHero]

Just a clarification.. the median and the average are both calculated only on the basis of domestic offers. They don't include international offers.

[kamnashish]

OOPS .. what a placement ...

Aree.. even after a murderous interview... m hoping against hope ki ho jae mera...

[nitish4u]

Bingo...
Awesome placements ..
Gr8 going dudes..

[parag2007]

Amazing Figures!!
congrats to all involved!!

Hoping to make it to this institute!

One Qn though...

Which all locations have the international offers been made for?

and Ramesh.. the report mentions your profile... could you throw some more light on it, as in domain etc..(if possible!)

Thanks and Congrats again