Hi everyone… This is our Final Placement Report 2005 --------------------------------------------------------------------------------------------------------- And then there were none… That in a nutshell summed up place…
Hi everyone...
This is our Final Placement Report 2005
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And then there were none....
That in a nutshell summed up placements for the batch of 2005 at IIM Indore. Corporate India swooped down on the portals of one of Indias premier business schools and walked off with the crme de la crme of the countrys future business leaders. So much so, that with an average of 1.8 offers per student at the end of Day 0, placements never got to see Day 1.
Placements 2005 was distinguished by the participation of companies from a wide range of industry sectors, a 66% increase in the number of recruiters, veritable downpour of lateral offers and a 20% increase in the average salary. The average accepted CTC salary was 8.16 lakhs. The corresponding figure for the lateral offers stood at 8.60 lakhs.
The Lateral factor
The batch of 2005 at IIM Indore was rich on experience with almost 80% of them vying for lucrative lateral placement offers. Most of the candidates possessed relevant experience in sectors of their choice, culminating in 93 lateral offers of which 67 were finally accepted. Most of these offers went hand in hand with commensurate increases in pay packages.
Around 10% of the batch had prized Pre-Placement Offers from top-notch organizations like HLL, Standard Chartered Bank, GE, Wipro Technologies, Patni Computer Systems and Asian Paints. 5% of the batch also had prior international exposure, which provided a definite fillip to their final placement efforts.
Recruiters galore
The list of recruiters at IIM Indore resembled a virtual whos who of India Inc. Apart from the regular recruiters like Standard Chartered Bank, PepsiCo, ICICI Bank, Asian Paints, IBM, Wipro and Infosys Technologies, this season also saw relationships developing with ITC, Deutsche Bank, JP Morgan, Covansys, GSK, Accenture, Satyam, CitiFinancial, Mahindra British Telecom, EXL Services, Kotak Group and Sony Entertainment Television. All recruiters expressed extreme satisfaction with the smooth conduct of the placement process and left the campus with firm commitments to be back next year.
Sector-wise breakup of participating companies
Marketing: The FMCG giants like HLL, ITC, Glaxo SmithKline, PepsiCo and Asian Paints picked up the bulk of marketing talent. The average accepted salary in this sector was 7.98 lakhs. Pharma and Media sectors too were well represented by companies like Glenmark Pharma, Wockhardt and Sony Entertainment TV among others.
IT: The continued growth of the Indian IT sector was clearly evident with all the big names like Infosys Technologies, Wipro, Patni Computer Systems, CSC India, Mahindra British Telecom, Tata Consultancy Services and Satyam Computers coming together to offer the highest number of jobs across sectors. The average accepted salary in this sector was 8.05 lakhs.
ITES: The Indian BPO industry sent strong signals of an exciting future as the average accepted salary in this sector stood at 9.19 lakhs with leaders like Progeon, Gecis, EXL Services and Evalueserve offering lucrative job profiles.
Banking and Financial Services: Banking stalwarts like Standard Chartered Bank, Deutsche Bank, ICICI Bank, SBI and UTI Bank led the banking sector while the financial services sector was represented by the likes of Citigroup, Kotak Group, SBI Caps, Adventity, ICICI Lombard and Larsen & Toubro among others. The average accepted salary in this sector was 8.40 lakhs.
Consulting: With 21% of students opting for consulting jobs, companies like TSMG, Accenture, CapGemini, IBM Consulting and Mahindra Consulting continue to be hot draws at IIM Indore. The average accepted salary in this sector was 8.02 lakhs.
General Mgmt., Operations and HR: Opportunities in these sectors were offered by leading companies like Bharti Televentures, Madura Coats, Gecis, Maruti, GMR Group and Anand Corporate Services.
Financial Services and IT/ITES sectors witnessed the maximum number of visiting companies, together constituting almost 60% of the overall recruiters and making around 125 offers between themselves. The meteoric strides being made by the ITES industry were epitomized by hefty salary packages and exciting job profiles. One of the visiting VPs hit the nail right on the head when he remarked: The BPO sector is not about creating growth. Growth per se is guaranteed. The challenge now is to manage growth. It is a whole new paradigm. Going by the way these new economy jobs were lapped up, the outgoing batch of IIM Indore couldnt agree more.
A problem of plenty
A staggering total of 202 offers were made in all to the batch of 112 students. This left many students in a quandary as they found themselves in the enviable situation of having to choose from multiple offers, each one more exciting and challenging than the other. Recruiters too faced a tough time with some who appeared to be certain recruits opting out in favor of more exciting career prospects in other organizations.
Needless to say, a 100% placement record at IIM Indore is not just a mere statistic but a foregone conclusion.
Money matters
Or so it would seem. But therein hangs a tale, one that is subject to many interpretations and statistical juggling at B-School campuses. Not so at IIM Indore. The figures calculated on a Cost-to Company basis and taking only the 112 accepted offers into account speak for themselves. The sector-wise average and highest CTC salary is given below.
Some of the highest paymasters were Gecis, Progeon, EXL Services, GSK, ITC, Kotak Group, Sony Entertainment Television and JP Morgan. The effects of a booming economy were fully evident in the final salary scores as majority of the students walked out with substantially higher pay packages compared to previous years.
The Bottom line
The placement process and co-ordination at IIM Indore is one of the best we have experienced among all the institutes we have interacted with. ITC Ltd.
The batch profile is outstanding. We are yet to see anything like it in other campuses. Gecis
The last few years have seen IIM Indore mature into a happy hunting ground of management talent for India Inc. Within just 6 years of its existence, IIM Indore has succeeded in attracting the best of corporate participation in its placement processes. With an international student exchange program all set to take off this year and the superb feedback that we have received from recruiters, IIM Indore looks all set to retain its status as a B-School of choice for both students as well as the corporate world.
-The Placement Committee
IIM Indore
Chart1 : Sectorwise breakup of accepted offers
Chart2 : Sector-wise breakup of total offers made and accepted
Chart3 : Sector-wise breakup of Average and Highest salary accepted
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That is all folks. Incase you want any specific clarifications feel free to post here. One of the regulars will clarify your doubts :smile:.
Regards 
,
Chandoo
Awesome !!!
My Congratulations to all fellow B-Schoolers at IIM Indore for the fabulous placements.
Well the effect of expanding economy is now felt across every sector including this one.
Hope the trend continues for us also next year.
See Ya ppl.
Bye
Amazing placements dude 😃 ..... congrats to the senior batch of IIM I & also to the first year batch (coz they can look forward for better placements next year
Above all - the report is amazing - with all breakups & analysis - kudos to u guys!!
Cheers
Prateek
Wheww..
Great Placements and even greater Placement report.
totally seems like the Work of an IIM Student.
Congrats to all at IIM-I
.
gr8 placement man!!
this time iim-i has proved that it is second to none when it comes to the placement
kudos to chandoo for such a informative post!!
regards
Amazing placements dude 😃 ..... congrats to the senior batch of IIM I & also to the first year batch (coz they can look forward for better placements next year
hopefully dude....
touchwoodcheers
whencool
needless to say... wonderful placements at IIMI...
just curious to know how much patni offered, for wht role & how many finally accepted the offer...
ashish
Great placcements mr chandoo....... delivered like a TRUE MODERATOR
needless to say... wonderful placements at IIMI...
just curious to know how much patni offered, for wht role & how many finally accepted the offer...
ashish
u working up at Patni
dun worry they do pay a lot more than what they do to the programmers
.. well suppose the more enlightened chandoo would do the honors regarding the numbers... i gotta revise my quans
needless to say... wonderful placements at IIMI...
just curious to know how much patni offered, for wht role & how many finally accepted the offer...
ashish
Patni recruited thru laterals. So the pay would be more than what a fresher MBA gets there. One of the seniors got a ppo. he was offered a role in BDM. Other lateral recruits were offered similar roles.
~C~
Patni recruited thru laterals. So the pay would be more than what a fresher MBA gets there. One of the seniors got a ppo. he was offered a role in BDM. Other lateral recruits were offered similar roles.
~C~
Correction - Two of our seniors got the PPO from Patni. One of them got the best summer project award out of all the trainees at Patni.
Regards.
well after this gret post from chandoo ,what i will say is is IIM indore ROCKKKKKKKKKKKKKKKKKSSSSSSSSSSSSSSS! .
CIAO
RINKU
awesome placements chandoo.....
needless to say that IIM brand rocks everywhere .......
Banking stalwarts like Standard Chartered Bank, Deutsche Bank, ICICI Bank, SBI and UTI Bank led the banking sector while the financial services sector was represented by the likes of Citigroup, Kotak Group, SBI Caps, Adventity, ICICI Lombard and Larsen & Toubro among others. The average accepted salary in this sector was 8.40 lakhs.
Chandoo
Chandoo i will be havin my I int in Mumbai....I just wanted 2 know the kinda salaries Stan Chart n Deutsche bank offer n r they offering core Treasury profiles or is it some other profile. if not then what is the profile of the jobs they r offering.
tnx
_C-
Chandoo mama....congrats
Chandoo says
The Bottom line
The placement process and co-ordination at IIM Indore is one of the best we have experienced among all the institutes we have interacted with. ITC Ltd.
The batch profile is outstanding. We are yet to see anything like it in other campuses. Gecis
Hey that was before they visited IIM K , L, B, A .. Coz IIM I finished of their process before the other IIMs started. So compared to other Institute u rs is the best ...
I would like to know avg salaries cash component only....i.e minus the Cost to the company could you provide us with the same..
Competetion is surely heating up......
SWaroop
Figures are available only for CTC
I dunt think any other institute comes out with Average of the Cash component.
The CTC figures are those quoyed by the company when they offer the positions.
Moreover, averages are not generally calculated, splitting each component of the CTC.
Regards,
Ashwin
IIM Indore
Hey Indore chaps,
Congrats on an excellent placement season! Way to go!
Bit of a senti story ahead (maybe cos I'm graduating in 3 days and getting all nostalgic!) -
Sometime back in May 2003, I had met Jayaraman (GJ) and Neil (both graduating from I this year) in Bangalore and we had our share of doubts/concerns about joining the young IIMs - I/K (I think Neil was dropping SPJ), and we all said(hoped!) that things were only bound to get better at these 2 younger IIMs in the span of 2 years.
It's funny, cos that prediction turned out to be true - over the last few months, whenever I'd chat with GJ, we'd just marvel how things - especially the placements scene - had changed so dramatically, and turned out incredibly well, way beyond expectations!
So yeah, like someone said in an earlier post on this thread, "the IIM brand rocks everywhere" - that's so true! 
Cheers and good luck guys!
Ronald
Well done IIM I people....
The placements scenario at all the IIM's especially at the younger ones like I & K shows the ever growing strength and faith that the Industry puts in IIM as a brand. I believe than we can equal the likes of IIM B and A in coming few years, hope to hear some more from you people about your expereinces too.
Any ways Good luck people and all the best...
Cheers....
Swaroop
Hey,
If somebody could just lemme know what is the scene for the placements in the finance sector for freshers cuz I am an engineer wanting to major in finance.So i am yet to decide on joining I or going for 2 years work-ex.Also info about placements in other sectors for freshers would be really helpful.