Final placement report for NITIE Mumbai 2009: 22 pc drop in average salary

The final placement process 2009 at the National Institute of Industrial Engineering (NITIE), Mumbai, involved 30 first time recruiters with students being offered new profiles in the field of Micro Finance, Telecom and Human Resources. The highest salary offered was Rs 15 lakhs per annum (by Hindustan Uni Lever), while the average salary was Rs 10.27 lakhs per annum and median Rs 10.25 lakhs per annum. The salary figures showed substantial decrease from that of last year’s. The highest salary decreased by 28 percent and the average by 22 percent.

In the final recruitment, organizations like Ernst and Young, KPMG, TSMG, Cognizant Business Consulting and Global e-Procure hired students in the consulting sector. Students with prior industry experience were roped in by these multi-national corporations, with almost 18 percent of the batch choosing this sector. Cognizant was a major recruiter in this sector.

The Banking and Financial Services sector (BFSI) was represented by Citibank, Standard Chartered, ICICI Bank, ICICI Prudential, Futures First, Axis Bank and FINO. FINO participated in the placement process for the first time, while Futures First made a maximum of eight offers. Around 20 percent of the students got placed in the BFSI sector, down by 10 percent from 2008.

27 percent of the batch secured jobs in the FMCG sector, up by 4 percent from last year. Some of the majors who participated in the placement exercise were Procter and Gamble, Hindustan Unilever Ltd, Asian Paints, Nestle, Cadbury, Johnson & Johnson Consumer, Reckitt Benckiser, Cargill Foods, Kellogg, HCCB, PepsiCo, Perfetti, etc. The profiles offered in the FMCG sector were those of Sales, Marketing, IT and Supply Chain. Proctor & Gamble was the major recruiter in this sector.

The IT & Systems Sector was represented by Tata Consultancy Services, Intel, ITC Infotech, Genpact, Zensar etc. to name a few. Manufacturing companies like Mahindra and Mahindra, Larsen and Toubro, Vedanta, Anand Group, etc. made their presence felt to the students by offering roles in Operations, Logistics and Marketing.

Placement’09 saw the participation of PSU’s like BHEL, ONGC and IFFCO for the first time;recruiting students for profiles ranging across Strategy, Materials and HR. Telecom majors like Airtel and TTSL also offered interesting profiles while niche sectors like Shipping and Hospitality also opened up for students.

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