IIM Indore final placements 2011: Finance and Consulting dominate

Almost 100 companies visited Indian Institute of Management, Indore (IIMI) for final placements for the PGP 2009-11 batch. While the average salary was Rs 14.06 lakhs, at least eight from the batch received salaries of Rs 32 lakhs each. Profiles were offered in investment banking, consulting, BFSI and FMCG while newer sectors like education, healthcare and eco-energy also offered senior management profiles. There were about 32% first time recruiters.

While banks like ICICI, Yes Bank, Axis Bank, HDFC, SBI Caps and IDBI Caps offered multiple profiles in treasury, wealth management, corporate and retail banking. Finance as an option took a dive as compared to previous years, when 40% of the placements used to be dominated by finance. This year, only 28% accepted finance roles, though finance still dominated the sectoral break-up.

Of the batch of 240 students, 74 students were absorbed through laterals and 30 had PPOs. Additionally, two opted out of the placements – one to join the Teach for India fellowship and the other to start a venture in education. Some 28 students received more than Rs 20 lakhs, with 8 of them flaunting Rs 32 lakhs in a domestic investment bank.

IIM Indore Final Placements 2011 – Sector-wise breakup

iim indore sectoral break up

General Management roles: Mahindra and Mahindra, Bharti Group, CK Birla Group, Cummins, Larsen and Toubro, Reliance Industries Limited, Adani, ADAG offered general management roles. Companies also offered the profile of EA to MD/CEO on campus; wherein the student would be reporting directly to the CXOs of major corporates getting a holistic understanding of business as opposed to concentrating on a specific business domain.

Consulting: McKinsey and Company, Boston Consulting Group, Ernst and Young, Deloitte, Price Waterhouse Coopers, Aon Hewitt, Cognizant, Tata Consultancy Services, Wipro Consulting Services and others participated in the process. Most of these firms recruited for multiple divisions, with Deloitte hiring for three verticals. This year also saw some niche consulting profiles being offered to the candidates, these included profiles like SCM consulting, consulting to mid-sized corporates, healthcare consulting, retail consulting and real estate consulting.

Financial: The financial services sector was represented by the likes of Deutsche Bank, JP Morgan Chase, Edelweiss, HSBC-GR, Standard Chartered, Bank of America- Merrill Lynch, Nomura. This year also saw the addition of Goldman Sachs as a recruiting partner, that offered a rare buy-side profile in Investment banking. Indian majors like ICICI, Yes Bank, Axis Bank, HDFC, SBI Caps and IDBI Caps offered multiple profiles in treasury, wealth management, corporate and retail banking.

Sales and Marketing: Among those who made offers this year were Hindustan Unilever, Procter & Gamble, Colgate-Palmolive, ITC, Pepsi, Hindustan Coca-Cola Beverages, Marico, Reckitt-Benckiser, Dabur, and Britannia. Some of the notable partners from sectors like Automobiles, Manufacturing, Telecom, Textile, and Pharmaceuticals comprised of Tata Motors, Tata Steel, Airtel, Vodafone, Raymond, GSK and Pfizer.

IT: The IT sector recruited in large numbers with majors like Microsoft, Cognizant, Infosys, HCL Technologies, L&T; InfoTech, Hewlett Packard, iGate, MindTree Consulting and Mphasis offering roles in IT Consulting, Project Management, Sales, Business Development, Corporate Strategy and Human Resource.

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