Thanks
Ramesh

Hi,

PS: Though It would be good to learn a bit more about the 'Methodology' as pointed out by Ramesh!! :)

First of all congrats for ur great placements .. and an unbelievable rise in the average salary



just a little query .. isnt it true that most of the new recruiters mentioned dont even offer a CTC greater than 13.96 (leave alone 14.5)

dont mean to doubt ur figures .. but would like u to mention the new recruiters which have actually helped increase the salary figures ..

thanks in advance

LastActionHero Says

I can see there is a general disbelief among some people about the 44% jump in salaries when even IIMA,B,C have just shown a jump of around 20-25%. This year we added many industry leaders to our list of recruiters. Companies like P&G;, ITC, SUN Microsystems, Yes Bank, Global eProcure among others(Refer to the report).

Hi floyd&vodka;,



Many thanks for this patient and detailed post. In response, I have a few humble submissions to make:-

1. My brother spent 4 long years at IIT B. A parent was a prof for 17 long years at another IIT. So I have a pretty balanced view about things at IIT's, the level of interaction and exchange (and isolation at times?) , the faculty etc. I know a bit of both the positives and the negatives. My decision to join a B-School will certainly not be based on unsubstantiated statistics that different B-Schools will churn out in the mad-scramble for one-upmanship. Therefore, rest assured that I have taken factors beyond placement figures into my consideration set.
   
2. I have a major issue with the fact that B-Schools refuse to divulge the methodology they used while arriving at the median and average figures. While many a shady institute can be glossed over I expected IIT ~ an institute of national importance to come clean about its practices. Your policy of divulging selective information in a public forum and dogged resistance to any further requests for information is unbecoming of the moral standards to be expected from an IIT. The fact that a convenient selection amongst the '3n' offers were considered is unethical unless proper disclaimers are added (which apparently is not the case). Please, understand that I have nothing against IIT B. Many B-Schools do it and I have done my bit in raising objections to such practices elsewhere as well. I had higher ethical expectations from IIT-B. Sadly, I am disappointed. How can I then differentiate between shady B-Schools and IIT-B

My main contention is that doing calculations on the basis of a conveniently selected sub-set of offers and passing it on as the average of the batch without appropriate disclaimers is perhaps not ethically correct.

rohan.jhaveri Says

As a fresher.i would like to know the avg. salaries offered to freshers.........

hey guys first of all congrats on awesome placements...
I had a query regarding the division of these placements amongst the various specialisations.
Can seniors please shed some more light on that?
Means how many ppl got placed in sales & marketing,finance etc and their average domestic sal etc?
thanks in advance...and hope to be at SOM this year... april 7 th waiting for u with butterflies in my belly and a prayer on my lips...

rahulworld Says

Can u let us know the roles that are offered under Investment Banking? Revealing the Name of the Companies recruiting for I-Banking will be an added advantage plus the location offered (domestic or international).

Many thanks for this patient and detailed post. In response, I have a few humble submissions to make:-

1. My brother spent 4 long years at IIT B. A parent was a prof for 17 long years at another IIT. So I have a pretty balanced view about things at IIT's, the level of interaction and exchange (and isolation at times?) , the faculty etc. I know a bit of both the positives and the negatives. My decision to join a B-School will certainly not be based on unsubstantiated statistics that different B-Schools will churn out in the mad-scramble for one-upmanship. Therefore, rest assured that I have taken factors beyond placement figures into my consideration set.
   
2. I have a major issue with the fact that B-Schools refuse to divulge the methodology they used while arriving at the median and average figures. While many a shady institute can be glossed over I expected IIT ~ an institute of national importance to come clean about its practices. Your policy of divulging selective information in a public forum and dogged resistance to any further requests for information is unbecoming of the moral standards to be expected from an IIT. The fact that a convenient selection amongst the '3n' offers were considered is unethical unless proper disclaimers are added (which apparently is not the case). Please, understand that I have nothing against IIT B. Many B-Schools do it and I have done my bit in raising objections to such practices elsewhere as well. I had higher ethical expectations from IIT-B. Sadly, I am disappointed. How can I then differentiate between shady B-Schools and IIT-B
   
3. While it is absolutely true that salaries are not the be-all and end-all of MBA education, the unfortunate reality is that many an aspirant takes a final call based on an utilitarian consideration reduced the the only possible denomination that perhaps is objective ~ compensation. In a gloomy B-School placement season where some seasoned campaigners have registered marginal increases, a stupendous growth of 44% is bound to attract attention. The more introspective will try and fathom any "jugglery of statistics" involved and will seek details. It is the moral responsibility of institutes to substantiate their claims with detailed statistics or else run the risk of being viewed as being frugal with the truth. Shady private B-Schools can get away with murder, but please remember that IIT is "an instrumentality of the state" and therefore is obligated to disclose placement details under the Right to Information Act 2005, if challenged. The mighty IIT's were forced to divulge their admission criteria (a secret they had closely guarded for years) and boy didn't it open up the Pandora's box. Therefore my humble request is either come clean with all requests for details or follow the IIM-B path and stop disclosing placement details in public forums. Your present approach falls between two stools. You are an IIT for God sakes...please stand up and set the trend. Don't adopt the herd mentality of following what other B-Schools are doing. And moreover, what do you mean by "fair and standard method across bschools."....which B-Schools fall into your consideration set? And please, harbour no illusions that your such methods that are your guiding light are fair.
   
4. I see you can get me banned. But that would be a pansy approach to take. I am not abusing anyone. Neither am I indulging in any mudslinging. I don't have a vendetta against any school. I am trying to appeal to your sense of ethics and morality. I am the voice of reason amidst the euphoria and chutzpah of an apparently phenomenal placement. Stifle this voice if you will....but its resonance will only ring out louder on the threads of this message-board.

1. Good to know that you are closely associated with IIT B. That gives you another reason to come and talk to us personally and clear all your doubts.
   
2. If you have an issue of bschools not divulging the methodology used to calculate salaries, please address it in this thread. Please restrict this thread to IIT B specific discussions. (Regarding your query of salaries considered for calculating the figures, it ofcourse it is not a convenient selection. You had talked about considering all salaries which is ofcourse not the right way to do it. You also suggested considering the best n salaries. In this case, what if one person has got most of these best n offers. The average wont be a representative of the whole class performance. Hence this method is also not right. Thats why I said, fair and standard methods are used unlike the ones you suggested. When I said the best b schools, I meant all institutes in the Top 10-15 in any rankings. You dont need to be a statistics guru to guess the methodology and a fair method to find out the salaries considered.)
   
3. We know that IIT is obligated to issue the details under the RTI Act. Thats exactly why you can be sure that we have the right figures here.
   
4. My suggestion to ban you was not for your queries, but for the fact that you are a clone and you are hiding your identity.

1. My brother spent 4 long years at IIT B. A parent was a prof for 17 long years at another IIT. So I have a pretty balanced view about things at IIT's, the level of interaction and exchange (and isolation at times?) , the faculty etc. I know a bit of both the positives and the negatives. My decision to join a B-School will certainly not be based on unsubstantiated statistics that different B-Schools will churn out in the mad-scramble for one-upmanship. Therefore, rest assured that I have taken factors beyond placement figures into my consideration set.
   
2. I have a major issue with the fact that B-Schools refuse to divulge the methodology they used while arriving at the median and average figures. While many a shady institute can be glossed over I expected IIT ~ an institute of national importance to come clean about its practices. Your policy of divulging selective information in a public forum and dogged resistance to any further requests for information is unbecoming of the moral standards to be expected from an IIT. The fact that a convenient selection amongst the '3n' offers were considered is unethical unless proper disclaimers are added (which apparently is not the case). Please, understand that I have nothing against IIT B. Many B-Schools do it and I have done my bit in raising objections to such practices elsewhere as well. I had higher ethical expectations from IIT-B. Sadly, I am disappointed. How can I then differentiate between shady B-Schools and IIT-B
   
3. While it is absolutely true that salaries are not the be-all and end-all of MBA education, the unfortunate reality is that many an aspirant takes a final call based on an utilitarian consideration reduced the the only possible denomination that perhaps is objective ~ compensation. In a gloomy B-School placement season where some seasoned campaigners have registered marginal increases, a stupendous growth of 44% is bound to attract attention. The more introspective will try and fathom any "jugglery of statistics" involved and will seek details. It is the moral responsibility of institutes to substantiate their claims with detailed statistics or else run the risk of being viewed as being frugal with the truth. Shady private B-Schools can get away with murder, but please remember that IIT is "an instrumentality of the state" and therefore is obligated to disclose placement details under the Right to Information Act 2005, if challenged. The mighty IIT's were forced to divulge their admission criteria (a secret they had closely guarded for years) and boy didn't it open up the Pandora's box. Therefore my humble request is either come clean with all requests for details or follow the IIM-B path and stop disclosing placement details in public forums. Your present approach falls between two stools. You are an IIT for God sakes...please stand up and set the trend. Don't adopt the herd mentality of following what other B-Schools are doing. And moreover, what do you mean by "fair and standard method across bschools."....which B-Schools fall into your consideration set? And please, harbour no illusions that your such methods that are your guiding light are fair.
   
4. I see you can get me banned. But that would be a pansy approach to take. I am not abusing anyone. Neither am I indulging in any mudslinging. I don't have a vendetta against any school. I am trying to appeal to your sense of ethics and morality. I am the voice of reason amidst the euphoria and chutzpah of an apparently phenomenal placement. Stifle this voice if you will....but its resonance will only ring out louder on the threads of this message-board.

MavericK Says

Yeah Kunal it is. Damn my..!! My colleague he's gonna be

Thankss mate !

Shekhar ghar pe hai.. So I would post on his behalf .. He has accepted an offer from JPMC. He had few more offers including one from a PE firm. I guess JPMC fits better into his career aspirations.

Abhishek and "the other guy who bought the HP laptop" are getting into consultancy. Abhishek into Feedback Ventures and Kunal into Cognizant.

Cheers
Ramesh

Congrats SOM for awesome placements!!

What about the other puys ? Shekhar, Abhishek and the other guy who bought the HP laptop ?

Ramesh,
IMLP is awesome dude! Congrats on joining the CEO Factory

On a lighter note, if these stats were out by the time we attended the GD process, the enthu levels would have been even higher among the candidates!

Anyway, big time congrats to all seniors.

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.

It was a no-brainer dude....I am a IIT-B aspirant and don't want to reveal my real identity using which I have posted numerous pieces on this forum...hence a new moniker...my intention is simply to ensure that I make the correct choice when I decide upon which B-School to join. So if you are game, here's one more question :-

Q3) You have 'n' students and managed '3n' offers (laudable feat and my sincerest congratulations). But, were the best 'n' offers taken and their average computed or were all offers factored into the equation?

I am relieved to know that the international offers were not converted into INR before arriving at the average. This is a classic tool in the repertoire of placement committees to jack up figures. Good to see that IIT B has not taken recourse to this.

Hope to hear from Placement Committee members on Q2 posted earlier

Firstly, heartiest congratulations for the stupendous placements this time. Registering a 44% Y-o-Y jump in salary is an amazing feat. This particularly assumes significance because an impending recession has dampened many a B-School placement this year. Understandably, there is a lot of skepticism amongst B-School aspirants about the veracity of different claims. Without doubting the figures provided by SJMSOM in any way, I would appreciate if more clarity is added to these figures. Taking a cue from Pagalguys tips on how to read between the lines of placement figures, may I ask the following questions:-

1. Was international offers in dollars (or some other currency) converted to INR while taking the average?
   
2. An impressive median implies a whole host of people getting offers around 15 LPA. Given your batch profile and experience mix, this is indeed a commendable feat. I understand that some companies are reluctant to disclose their figures. However, could some of the star payers be named? I am not asking for a list sorted by salary but just a representative list of top payers.

1. LAH has already answrd this query in his post in this thread but let me repeat the median and the average are both calculated only on the basis of domestic offers. They don't include international offers."
   
2. Almost all major companies have been named in the placement report and that too without being sorted by salary(just what uve askd for)

Firstly, heartiest congratulations for the stupendous placements this time. Registering a 44% Y-o-Y jump in salary is an amazing feat. This particularly assumes significance because an impending recession has dampened many a B-School placement this year. Understandably, there is a lot of skepticism amongst B-School aspirants about the veracity of different claims. Without doubting the figures provided by SJMSOM in any way, I would appreciate if more clarity is added to these figures. Taking a cue from Pagalguys tips on how to read between the lines of placement figures, may I ask the following questions:-

1. Was international offers in dollars (or some other currency) converted to INR while taking the average?
   
2. An impressive median implies a whole host of people getting offers around 15 LPA. Given your batch profile and experience mix, this is indeed a commendable feat. I understand that some companies are reluctant to disclose their figures. However, could some of the star payers be named? I am not asking for a list sorted by salary but just a representative list of top payers.

1. Was international offers in dollars (or some other currency) converted to INR while taking the average?
   
2. An impressive median implies a whole host of people getting offers around 15 LPA. Given your batch profile and experience mix, this is indeed a commendable feat. I understand that some companies are reluctant to disclose their figures. However, could some of the star payers be named? I am not asking for a list sorted by salary but just a representative list of top payers.

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

blue oyster cult Says

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?