Final placements held at SIMSR

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 pc leap from 5.57 in 2006.The highest domestic salary was 12 lacs and about 33 pc 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 most b-schools in India) Somaiya places every year for its two full time management courses- PGDBA and MMS.
The KJ Somaiya bandwagon 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 pc 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 pc.

Another breakthrough achieved was the Lateral Placement Week, organized for the first time on campus, keeping in view that 55 pc 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 pc 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 pc 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.

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.

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