Final Placements – batch 2006 The success story of the last few years was played out in more hues and vibrancy here at DoMS, IIT Madras. The students secured lucrative offers, resulting in the average salary increasing to Rs 6.5 Lakh from Rs. 5.1 Lakh last year. 60 offers were made during the course of the placement procedure for the batch of 41. The highest salary offered was Rs. 8 Lakhs. CitiBank(6),WIPRO(6),Cognizant Technology Solutions(5) and ICICI Bank (4) were the largest recruiters this year accounting for about half of the students here.
The growing brand equity of DoMS, IIT Madras was reflected by the way in which big names of the industry vied with each other to secure students during Placements 2006. The banking and insurance sector was represented by CitiGroup and ICICI, while McKinsey KC, Avalon Consulting and GENPACT continued their ongoing tryst with the department and offered consulting portfolios to the students here.
The IT/ITES sector was the most represented lot here and the largest recruiter too. Companies included IBM, US Technologies Ltd, Calsoft, Infosys, Wipro, Cognizant Technology Solutions and Covansys. Henkel, CavinKare and Bajaj represented the FMCG and Automobile sectors respectively bringing the total to only 13 companies which were required to place the entire batch26 of the 40 companies slotted for placement process had to return empty handed as students were snapped up well in advance with each student getting an average of 1.47 job offers.
Summer Placements for batch 2007 goes International
The highlight of the Summer Placement 2006 was the debut of foreign recruiters like Bloomberg,Lehman Brothers, Morgan Stanley, JonesLangLasalle and Indigo Futures, RTL Hedge Funds putting DoMS, IITM on the radar of international recruiters. Other companies recruiting for summers were from a host of sectors. The FMCG and Marketing companies on campus were Shell, Provogue, ITC, Henkel