IIPM hits 2,000 domestic placements

View Source After the Buddhas smile, it is time for the IIPM students to giggle. It is not only the job offers from the domestic market, but also those from the international markets, that has created a huge amount of excitement and exuberance amongst the students.

It just can’t get any bigger or fatter at the IIPM Campus Placements. Keeping up to its reputation of being one of the most revered suppliers of quality management graduates to India Inc, the institute has already set new benchmarks for itself during the ongoing placement season for the Class of 2006-08 by hitting an all-time high of around 2,000 domestic placements and 100-plus international placements. The placement season was kick-started in a grand style witnessing the presence of Satyam Computer Services, which picked up 60 students on Day 1 itself. It offered a whopping Rs 8.80 lakh per annum, the highest domestic package so far, to some of the students with reasonable experience; while the average package offered by them was a little over Rs 5 lakh per annum. The regular recruiters like HSBC Bank, Pipal Research, Evalueserve.com, Oracle, HP, ICICI Bank, Reliance ADAG, who are also a part of the most favoured recruiters at IIPM, were given preferred slots for placement, as they had a bigger shopping bag to fill than ever before. Reliance Group recruited over 100 IIPM graduates from across all the 7 centres, at a package of Rs 6.30 lakh per annum. The total number of placements as on March 18 stood at 2,014. This figure perhaps never achieved in the history of Indian institutes. The first time recruiters included Yes Bank (picked up 33 students in early January), Zee Entertainment (7), UB Group (14), among others. Euro RSCG also debuted on IIPM campus along with Colliers International and CB Richard Ellis. After the Buddha’s smile, it is time for the IIPM students to giggle. It is not only the job offers from the domestic market, but also those from the international markets, that has created a huge amount of excitement and exuberance amongst the students. They have regularly pursued various global organisations before getting some of the biggest names on campus. The list of international recruiters include Emirates Neon (picked up 29 students), Al Sharaf group (9 ), Saud Bahwan Group (9 ) amongst others. The Al Sharaf group has offered the highest international package for the current batch at Rs 21.2 lakh per annum. As on 18th March 2008 the total number of international placements at 106 and a lot more to happen still. According Arindam Chaudhuri, Hony Dean - Centre of Economic Research & Advanced Studies, “The placements this year has been magical especially at the international front. I expect this year the figure to finally touch anything between 150-200 given the fact that the investment banking specialisation at IIPM conducted by the extension arm of NUS is yet to get over. I would say that we are just getting warm up. Its next academic year IIPM will create real tremor in the placements scenario as if the current figures are anything less than earth shaking.”