As many as 68 recruiters made a total of 108 offers to the 83-student strong graduating batch of Master of Management at the Indian Institute of Technology (IIT), Bombay’s Shailesh J Mehta School of Management (SJMSoM). According t0 the institute’s press release, the batch graduated with a median annual salary of Rs 11.2 lakhs (average annual salary being Rs 12.31 lakhs) with a range of Rs 7 lakhs to Rs 21 lakhs. Two companies made a total of five overseas offers, the salary for which has not been disclosed by the institute.
According to a member of the institute’s placement cell, Deloitte hired eight graduates and was thus the season’s largest recruiter. followed by Accenture that recruited seven graduates.
Companies such as Reckitt Benckiser, Colgate Palmolive, Johnson & Johnson and Coca Cola made pre-placement offers to the batch. Pre-placement offers comprised 13% of the total offers made this year.
As much as 26% of the batch received consulting profiles, while 20% received Finance profiles, another 20% received Operations profiles, 19% received IT/systems profiles, 11% received Marketing profiles and 4% received profiles in the General Management domain.
Companies from the Banking and Finance sector recruited 31% of the batch, while the Services sector recruited 20%, FMCG and IT sectors 17% each, Manufacturing 11% and Infrastructure firms hired 4% of the batch.
National and multinational financial firms such as JP Morgan Chase, Nomura, HSBC, Yes Bank, MSCI Barra, ICICI Bank, SBI Caps, Kotak Mahindra Bank and Irevna offered profiles in Investment Banking, Mergers and Acquisitions, Corporate and Institutional Banking, International Banking, Risk Management, Corporate Finance, Equity research, Project Advisory and Structured Finance.
Consulting firms like Deloitte, Accenture, Avalon, Bristlecone, Feedback Ventures and IMRB offered profiles in Business Strategy, Business advisory, Technology Integration, Operations, Supply Chain, Energy Advisory, Market Research and Analytics. Regular recruiter Global eProcure offered its SCM consulting profile while KPMG offered the Business Performance Services profile.
Johnson & Johnson (Consumer), P&G;, Coca Cola, Colgate Palmolive, Marico, Reckitt Benckiser, Dr. Reddy’s Laboratories and Cadburys made FMCG offers. Companies like ABB, RPG, Tata Motors, Cummins, UB Group and Coal India offered profiles in Marketing and Operations. BHEL and SCI offered leadership roles in general management.
IT majors like Cognizant, KPIT Cummins, Wipro, Infosys, Ocwen offered Project Management and Business Analyst profiles. GE offered its unique Information management Leadership program (IMLP) profile while companies like ANZ Grindlays and EXL opened up a slew of IT profiles to SJMSOM students. Cadburys offered the Global Leadership Program in IT. Amazon offered the Supply chain management profile on the campus. Idea Cellular, Lodha Group, SCI and Coal India represented the Infrastructure sector during the placements. Feedback Ventures offered a niche Energy Advisory role.
While the median salary (Rs 11.2 lakhs) has improved over that received by the previous batch (Rs 9.9 lakhs), it has yet not reached the pre-economic-recession level of Rs 14.5 lakhs claimed by SJMSoM for the batch of 2006-08.