Whopping placements at IIT-K

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KOLKATA: It’s raining ripe offers at the the 13-year-old Vinod Gupta School of Management (VGSOM) at IIT Kharagpur. This year the highest salary offer has touched Rs 15 lakhs per annum. And it’s not a one off offer. The average salary package is hovering near the Rs 10 lakh figure. The final placements of this B-school has just been concluded with a batch of 120 students placed successfully.

A stunning piece of statistics reveals it all. Sixty recruitment firms vied with each other for students and the entire batch was placed on the first day itself. IT firms have picked up the maximum number of students (35%), followed by consultancies (19%), finance (18%) and marketing (17%). The remaining slots were shared by BPOs, operations and HR. Moreover, at least 20% of the students of the batch had bagged pre-placement offers at the end of their six-month internship.

Placement coordinator and senior faculty member, Gautam Sinha, confirmed that while the highest salary figure has gone up by at least Rs 2 lakhs, there has also been a 20% hike in the average salary figure. “Most of the leading recruiters who visit the top of the line B-schools of the country, visited VGSOM this year,” Sinha explained. Among the first time recruiters who visited VGSOM this year were - Cognizant Technology Solutions, Patni Computer Systems, International Tractors Limited, Cholamandalam, Kotak Mahindra Bank, Vedanta Group and Telelogic. Regular recruiters like - IBM, ITC, Citibank, Wipro, Voltas, Covansys, HCL Technologies, HSBC Analytics, Infosys, Progeon, Maruti, Tata Motors and Ashok Leyland - were back also.

The consultancy sector was represented by the best names in business such as PricewaterhouseCoopers, Accenture, Ernst and Young, Headstrong, Mindtree and A F Ferguson. Exciting profiles were offered across domains by several organisations such as equity research (Irevana), treasury and investment banking (SBI and SBI Caps) and global leadership programme (Tech Mahindra).

Some of the most coveted profiles in sales, marketing, merchandising and branding were offered by Aricent, ITC (tobacco division), Hutch and RPG Retail. The international real estate giant - Jones Lang LaSalle - gave students an excellent opportunity to join the booming real estate consultancy domain.