Hi All
I had a chat with Shailendra yesterday evening... He was a member of the placement committee and shared quite a bit about placements too. I will try to answer the question list as per my discussion with Shailendra
1. Placement stats for this year.
Placement process is driven mainly by the students and there is minimum participation from the college. Shailendra was of the opinion that stats like average salary, companies visiting, etc. do not matter as the target company and salary have been a function of the person's pre-GMP profile. The students placement committee contacts the companies directly and tries to get them for the placement week. The list of companies to be contacted is prepared after consultation with the class.
Some stats that I could get from him,
Total companies visiting campus = 40
International offers = 2 (from Arcelor Mittal)
Average salary = INR 16-17 Lakhs
Shalendra says that it is very difficult to change the profile from a One year MBA = GMP... There is a chance that the student himself contacts an employer or gets an interview through his network... but this depends completely on the student
Though all IT biggies in India came for the placements and have recuited in bulk, the salaries in IT sector were a bit lower than usual due to multiple reasons (slow down, etc.). For a person of around 6/7 years of experience.. the salary offered was ~14/15L. But then again, this varied on the type of pre GMP experience and the way he represented himself during the interview. The range of salary was from 8L to 24L. In case of the 24L person, his pre-GMP salary was 20L and he had a an appropriately matching profile. Roles are mostly for business development in Indian market.
The telecom companies that visited this time were BSNL, Tata Telecommunications and Airtel.
There are 3 students who have still not been placed due to varying reasons (not so good profile, niche interests, etc.)
Consulting biggies like Accenture, McKenzie, Booz Allen, etc. have not visited the campus. There were other companies like "IBM Strategy and Change" (the pure consulting arm of IBM) did come for recruitment.There were also some IT companies like Cognizant, Infy, etc. who have recruited for consulting positions in their organization.
There were no big I Banking and financial institutions that came for bulk placements.
A placement report would be released later in the next month which should contain more details.
2. Batch strength for this year.
No idea... adcom may confirm later
3. Call to conversion ratio.
No idea... adcom may confirm later
4. Initial fees that we have to deposit to secure a place in GMP class and the deadline for the same. And in anycase was it refundable (partly)?
Deadline for deposit was April end last year
5. Student Loan and issues. Maximum amt SBI ( xlri branch ) can offer without collateral.
Last year the bank had offered the complete loan amount at an attractive rate of interest (read 1% lower than existing market rate) without any collateral. The SBI bank manager is quite helpful in resolving the queries for XLRI ppl.
6. Does the bank give you the loan for entire amount in one go or in instalments
Did not ask. Need to confirm from the bank
7. Laptops Configuration ? Any preloaded softwares to be loaded other than MS Office /
Will be informed along with admissions offer
8. Is admission deferral possible due to a valid reason ?
No idea.. need to confirm from adcom
9. Details about family accommodation availability ? Are fooding expenses are also covered?
Yes, family accommodation is available and last year there were no extra charges for family accommodation.
Food expenses were included in the fees last year but this may not be included this year as per Shailendra.
10. Any suggestions for waitlisted students?
Did not ask
11. Do the students have to pay for the foreign module ( air tickets + food + local transport ) seperately ?
The international exposure module is something like an international exchange program.
Air tickets are included in the fees.
Food and local transport need to be borne by the student himself.
12. Is there any type of holidays in between where u can visit your family if so how much and when so that we can plan in advance.
Did not ask
13. Uniform/dress code for gmp students. What type of clothings should one bring. Is casuals allowed in classes ?
Did not ask
14. Approximate personal expenses international program.
Did not ask
I did ask about the expenditure during the program and although this depends on the lifestyle of the student, there have been a few students who have a monthly expenditure of INR 500
I hope the above information is useful for everyone.
@Vibhor
I thought of writing this mail here as this may also help prospective applicants of the GMP program and others who may not be members of the google group. I will also forward this mail on the group.
@Shailendra and Seniors
Thanks a ton for your time and sharing all this information. I hope I have put all the correct information in this post. Please feel free to add/edit/delete more info where ever needed.
Cheers
Rohit
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