NITIE Placements 2010

Mumbai-based National Institute of Industrial Engineering (NITIE) has registered the highest domestic pay package of Rs 19.5 lakh a year and highest international pay package of Rs 67.5 lakh a year during its final placements.

The international placements were offered by companies like Olam International and Dubai Telecom. 

Around 90 companies participated in the placement process, offering roles in domains like supply chain, operations, marketing, finance, consulting and information technology (IT) & systems. 

Companies like Procter & Gamble, Cadbury, GE, Essar, L’Oreal, Cummins among others made pre-placement offers (PPOs), with 25 students accepting the direct route to their dream jobs. 

Other recruiters who participated in the placement process include players like PwC, Ernst and Young, Cognizant Business Consulting, Global e-Procure, Bristlecone, Capgemini, Citibank, HSBC, Standard Chartered Bank, JPMC, Deutsche Bank, GE, ICICI Bank, YES Bank, SBI Caps and Kotak Mahindra. The profiles offered were investment banking, corporate finance, bank operations, retail banking etc. 

Meanwhile, the institute also completed summer placements for 2011, with Cadbury offering the highest stipend of Rs 1 lakh for a two-month internship. 

The summer placements for the 2009-11 batch of NITIE attracted companies like Ernts and Young, KPMG, Cognizant Business Consulting, PWC, Citibank, HSBC, Standard Chartered Bank, Deutsche Bank, ICICI Bank, Edelweiss, Bank of India, Axis bank, Union Bank of India among others. 

HSBC offered internships to seven students, the highest for any one company in the banking and financial sector.

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NITIE Summer Placements 2009

Destiny is not a matter of chance; it is a matter of choice. It is not a thing to be waited for; it is a thing to be achieved. -William Jennings Bryan

As the students of NITIE, Mumbai geared up for their summer placements, these thoughts inspired them to chase their dreams; and the phenomenal offers stand testimonial to it. Summer Placements 2009 saw the participation of more than sixty companies, offering profiles to the students across the entire spectrum of industry – Leadership Programmes to Corporate Planning to the niche profiles in Finance, Marketing, Supply Chain and IT.

There is an age old saying that a good workman is never in need of a job. The wisdom of these words is reflected aptly in the current economic scenario, as the industry continues to demonstrate its confidence in graduates from the top B-schools in the country.

Recruitments for summer internships at NITIE have continued to show the upward trend, they have consistently exhibited over the past years. FMCG sector continued to be the major recruiter with 37% of the batch opting for roles across their variety of profiles; Sales and Marketing, Supply Chain Management and I.T. functions.

The major recruiters included Procter & Gamble, HUL, Cadbury, Nestle, ITC, Asian Paints, GlaxoSmithKline Consumer Healthcare, Johnson & Johnson, Reckitt Benckiser, Colgate Palmolive, Britannia, Godrej, Cargill, Perfetti, etc., offering exciting projects across all domains. Cadbury offered the highest package of Rs 1 Lakh for the two month internship programme, while P & G made a total of 7 offers across its various divisions. A distinct trend at Summer Placements 2009 was the wide variety of profiles on offer, even from traditional recruiters.

The Consulting sector was well represented by corporate heavyweights like Ernst & Young, Deloitte Consulting, Cognizant Business Consulting and IBM Business Consulting, with Deloitte participating in the summer placement process for the first time. Notwithstanding the global economic slowdown, the Banking and Financial Services sector (BFSI) remained upbeat with corporate bigwigs like Deutsche Bank, American Express, Citibank, HSBC, GE, ICICI Bank, ICICI Prudential and HDFC Bank making a plethora of offers.

This further affirms NITIE's rapid foray into the BFSI domain in the last few years. The IT & Systems Sector was represented by the likes of Dell, Tata Consultancy Solutions, Cypress Semiconductors, Wipro and Genpact. Manufacturing and automobile giants like Maruti Suzuki, Tata Motors, Anand Group, Castrol and Essar Group made their presence felt to offer the students with roles in Operations and Marketing. Commenting on the tremendous response received from the corporate world, Prof. Ashok Pundir,Associate Dean (Placements), said, "The excellent Summer Placements year after year once again reiterates the immense confidence the industry has in the quality of NITIE students"

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No meltdown for students of NITIE

MUMBAI: A year ago, Lehman Brothers topped the charts during summer placements at National Institute of Industrial Engineering (NITIE), Powai, with an offer of around Rs 80,000 for two months. This year, Lehman Brothers does not exist. But Cadbury beat Lehman’s stipend at NITIE this year, offering Rs 1 lakh for the same period.

It is clear that B-school students aren't losing sleep over the global financial crisis. Summer placements are actually bigger and better than they were last year. The only impact of the crisis is a shuffle in the profile of the recruiters. While investment banks were the most coveted companies for summer placements in 2008, they have now been replaced by niche sectors, including FMCGs, pharmaceuticals and oil trading companies.

Jamnalal Bajaj Institute of Management Studies (JBIMS), Churchgate, has seen a 10% rise in the average stipend for summer placements this year as compared to the previous year. While the average stipend was Rs 47,000 for two months last year, it has increased to Rs 52,000 this year.

While the highest domestic stipend at JBIMS is Rs 1 lakh offered by Coca Cola, the highest international placement, which has been offered by Emirates Bank, is an estimated 16% to 33% over last year's figure.

Incidentally, this is the first time that Emirates Bank has recruited students from the institute. There's a shift in the meaning of the term 'foreign placement', which earlier referred largely to placements in the US or Europe.

At the Shailesh J Mehta School of Management (SJMSOM), IIT Bombay's B-school, all 86 first-year students were placed in one-and-a-half days, a record of sorts for the institute. And over 60 students were placed on the first day itself.

There's been a 10-12% hike in average placements when compared with last year. While the highest domestic offer last year was Rs 64,000 for two months, the figure this year is Rs 1 lakh.

"People have faith in the Indian economy. The demand for freshers at FMCGs continues to remain high. At a time when everybody is talking of a global financial crisis, Hindustan Unilever shares have increased in value," says Professor Dinesh Sharma, faculty placement co-ordinator at SJMSOM. He added that there has been no loss for students this year.

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Placement Highlights from Top B-schools

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FMS, Delhi University

Paris-based Calyon Bank made the highest domestic offer of INR 16.0 Lakhs per annum.
The highest number of offers was made by Cognizant Technologies with 15 offers. With 10 offers each, IBM, Standard Chartered Bank & ICICI Bank were a close second.

Nearly 48% of the batch opted for a career in Finance. On an average, the highest numbers of offers were made by Banks, with an astounding 62 offers being made IN ALL.

MBA (Management of Services), the 2-year full-time programme of FMS, saw its second batch getting placed, recording an average salary of INR 10.55 Lakhs per annum as opposed to last year’s INR 7.5 Lakhs p.a. The first international offers for the MBA (MS) Batch were made by Jumbo Electronics, Dubai, for an annual salary of AED 220,000 per annum.

A strong 78% of the batch of 2007 converted the option of “Dream Company” - thereby getting an offer from the company they aspired and dreamt of. Compared to other B-schools, this highlights the kind of choice that FMS offers to every student.

MDI Gurgaon

Highlight of placements at MDI Gurgaon was that offers poured in from students’ “dream companies” and that too in their preferred profiles.

160 students received 215 offers in all, making it 1.34 offers per student.
Top-notch international recruiters like Macquarie Bank and Emerio visited MDI campus for the first time.

XLRI Jamshedpur
The Campus Recruitment Process at XLRI ended with an epoch-making 50% rise in average salary, higher than any B-school in India.
Consulting and Finance firms were the cynosure of this paradigm-shifting placement scene at XLRI, making 24% & 30% of the offers respectively.

Hewitt was the top recruiter in consulting with 18 offers, followed by Accenture Business Consulting with 8 offers. Goldman Sachs was the largest recruiter in finance with 9 offers.

NITIE, Mumbai
More than 10% of the PGDIM batch at NITIE joined the millionaire club.
ICICI Bank (20), Cognizant Technology Solutions (20), ICICI Prudential (17), Kotak Mahindra (16), IBM (11) were among the top recruiters.
The Banking, Financial Services and Insurance sector ranked among students’ top preferences with 35% accepted offers across companies in this sector.

IMT, Ghaziabad
Kotak Mahindra became largest recruiter at IMT Ghaziabad, handed out 31 offers, followed by Infosys, Cognizant Technology Solutions, ICICI Prudential, Bharti and Trident.

The placement process saw first-time recruiters including, eClerx, Jumbo International, Covansys, Dell and Accenture visiting the campus.
Along with the flagship PGDBM program, the newer programs in Human Resource Management (MHRM) and International Business (MIB) also saw substantial hike, both in the average compensation package and in terms of number of offers.

SPJIMR, Mumbai
Placements 2007 Creates 85 Millionaires at SPJIMR, Mumbai.
Companies resorted to the phone-a-friend option, calling up their head-offices and carving out special profiles other than those usually on offer.

Participants had 4 offers to consider on an average, with the choice set hitting 10 in some cases.
This year’s placement process saw more than 160 lateral offers generated for 65 candidates.

The highest international offer at SPJIMR was of 43,000 pounds by ICICI Bank for a treasury position in UK.

TISS, Mumbai
Companies like Deutsche Bank, Ernst & Young, Asian Paints & Wipro made Pre-Placement Offers to TISS students.

The institute maintained its enduring relationship with corporate bigwigs like ITC, IBM, HLL, etc., and began new innings with top profile and global companies like HSBC, Dell, Nokia, PwC, etc.

JBIMS, Mumbai
One in every two students, from the batch of 2007 at JBIMS gets offers to become a millionaire.
The institute had its highest number of international and lateral offers. Lateral offers were made to 20% of the batch, while 15% of the batch bagged international offers. Major recruiters for overseas placements were Olam International, First Gulf Bank, Sharaf Group, Man Financial and Jumbo Electronics.

IIFT, Delhi
20% of the batch receives Pre-Placement Offers at IIFT, Delhi.
Olam International and Backes & Strauss made international offers, apart from offers from Australian Wheat Board for their Trading operations.

The average package offered this year was INR 9.3 Lakhs with highest international package of USD 100,000 (offered by Olam International) and highest domestic package of INR 19.2 Lakhs (offered by Lehman Brothers).
The other higher paying offers were from Citigroup, Backes & Strauss, Standard Chartered, DTZ, etc.