Placement of the whole batch in just four hours was the ecstatic finale of tireless efforts put in by the MBA, IITK fraternity. The number of companies that visited the campus, which surpassed even the size of the batch, is the testimony to the success. It was not an easy task for the companies to taste the hot-cakes of talent!
As IT and ITES sector increases its contribution to the Indian Economy, its dominance was witnessed in IIT Kanpur Placements too, with almost 50% of the total offers being from this sector all alone. IT & ITES sector was represented by IBM, Accenture, Infosys, TCS, Satyam, Infosys BPO, Newgen, Bristlecone and Tech Mahindra.
With the Banking Sector in India expected to be thrown open to full-scale competition from foreign banks in 2009, Banking Space in India is hotting up with the Private Sector Banks upping the ante in particular. The activity in the Industry was mirrored in this year’s placement process as SBI Caps, ICICI Bank, HDFC Bank, Kotak Mahindra Bank and Citigroup were out in full force to hire the talent available.
Manufacturing companies also showed keen interest in this year’s recruitment season. The pack was lead by Maruti, Bajaj Auto, Vedanta Resources, International Tractors Limited and Tata Motors.
Pureplay Consulting also made its debut on the campus with two of the big four, KPMG Consulting and AFF a part of Delloitte Group participating in the process.
In all 36 companies had given confirmation to take part in the placement process but only 17 companies could end up with candidates, rest which included big names like HDFC, ICICI, Mckinsey KC, Spinneys Dubai, Avalon Consulting, SBI Life Insurance, GH Financials, DCM Shriram, HCL Technologies, Vedanta Resources, IL&FS; etc, could not be accommodated.
Another highlight of this year’s recruitment season was the large number of new attractive profiles that were on offer to the students. In finance domain, SBI Caps offered roles in Project Finance, KPMG offered Risk Advisory, and Citigroup offered roles in Corporate and Investment Banking. IBM offered Business Consultancy profile over a wide range of domains-SAP, Retail Management, Financial Services to name a few. In the marketing realm, roles in Relationship Management was offered by Kotak Mahindra Bank. Maruti offered Sales and Marketing profile. High-end analytics jobs were offered by HSBC and Genpact.
The students bagged competitive compensation packages with the upper ceiling being 12 lacs per annum. The average salary this year saw a 33% rise over last year and touched Rs 8.03 lacs per annum.
Company executives appreciated the knowledge, professionalism and commitment shown by the students during the interview process. Companies were also impressed by the meticulous planning that had gone into successfully organizing the process, the credit for which goes to the Class of 2008.
In the words of faculty placement coordinator, Dr. Peeyush Mehta, “One of the many high points of the final MBA placements this year is the increase in the number of recruiters and the variety of job profiles offered to the students. This augurs well for the expected increase in the batch size of our MBA program”
Important Statistics :
Number of Students: 32
Number of Companies with confirmed participation: 36
Number of companies that could actually recruit: 17
Highest Package: INR 12 Lakh per annum
Average Package: INR 8.03 Lakh per annum
Median Package: INR 7.5 Lakh per annum