Placements for the batch 2006-08, started in the early hours of December 14, 2007 and ended late in the evening the next day. During the intervening hours, 119 students from different academic backgrounds with varying work experience were placed in 40 companies.
GIM, which has always been a favorite haunt of IT companies, has a different story to tell this time. Giants like Hindustan Unilever Limited, State Bank of India, Marico, Vodafone, Mercer Consulting, Thomas Cook, Deloitte and Citiglobal straddling across various domains made a beeline to grab the GIM talent. Regulars like Wipro Tech, Infosys, and Cognizant were joined by newcomers like CapGemini and EDS.
A total of 194 offers were made to 119 students. In order to gear up for the forthcoming challenges expected to emerge from the liberalization of banking sector post 2009, leading banking and financial institutions like SBI, HSBC, Kotak, Centurion Bank of Punjab etc made a total of 55 offers. Out of the 72 companies which registered with GIM for the recruitment process, only 40 could recruit.
The real story of Placements ’08 is students rejecting fatter pay-cheques in favor of their dream profiles. Moving higher up in the value chain, GIM students managed to attract stellar profiles like Transition Managers, Arbitrage Strategist, Treasury Functions, Investment Research, Risk Management, Valuation Services, Branding and Strategic HR consultancy.
The average salary showed an increase of 15.62 percent to Rs. 7.4 lakh per annum this year as against Rs.6.41 lakh last year. Similarly, the highest (annual) salary offered is Rs. 9.5 lakh. The median salary this year is Rs. 7.5 lakh, with the least salary offered being Rs. 5.5 lakh.
Things look even brighter next year with big names like Yahoo!, Deloitte and Marico having offered summer internships to students with stipends as high as Rs.45,000 per month.