XIMB rural managers secure 100% offers

BHUBANESWAR: The global slowdown does not seem to have affected placements in the city-based Xavier Institute of Management, Bhubaneswar (XIMB). In fact, it has created a record of sorts by achieving 100% placements for the students of its rural management programme.

All the 59 students of post-graduate diploma in rural management have been placed in various organisations even before their course ends in the mid-March 2009. Companies including Deloitte, Monsanto, Tata Teleservices, Shriram Group and DevGen were the major corporations which came to campus for recruiting rural managers.

XIMB also remained a favourite hunting ground for micro-finance and development organisations like Microsave, Intellicap, Bandhan, Hands in Hand, Pradaan, ALW and ALC.More than 30 organisations participated in the process.

The highest salary offered was Rs 8 lakh per annum which was at par with the last year’s highest offer, while the average salary has gone up from Rs 4.2 lakh to Rs 4.46 lakh per annum.

“At a time when most of the management institutions dealing with sectoral management education are literally struggling for placements for their students due to unfavorable market conditions, we have been able to ensure 100% placement for students,” a XIMB faculty and a member of the placement committee Niraj Kumar told ET on Thursday.

“We have not only been able to keep our traditional recruiters happy with the quality performances by our alumni, but have been able to widen our base by reaching out to research-based organisations like IMRB and consulting organisations like Deloitte,” added Mr Kumar.

The B-school also has been able to place of all its first year rural management students for their summer projects. There too, new organisations have been added to the list and the project profile has widened.

Buoyed by the success, a beaming XIMB placement coordinator Saveeta Mohanty, said, “Yes, we could beat the market because of the consistent performance of our alumni and brand XIMB. The fact that Orissa has emerged as a preferred investment destination for many corporations and development organisations has also helped us considerably”.

The faculty and students alike were keeping their fingers crossed all these weeks. “We were not sure of this success as we were getting discouraging news from different institutions across the country where our friends are studying. Now that we have finally made it, we feel happy and proud,” said students placement committee coordinator S Shiv.

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XIMB expects 25% growth in PPOs

The premier B-school has already received 32 PPOs this year from top companies like Hindustan Coca Cola Beverages, Tata Group HR, JP Morgan Chase, Cognizant, Axis Bank, Hindustan Times, Godrej, Britannia and Genpact to name a few. More PPOs are in the offing as companies are expected to make offers till the end of this month. Last year, XIMB had bagged 32 PPOs.

Apart from PPOs, the management institute has also been able to secure summer internships for nearly 90 per cent of the first year students of its PGP (post graduate programme) in management. The institute is now gearing itself for Xuberance, the final campus recruitment programme for the 2007-09 batch of PGP students which is scheduled for January 15-22 next year.

Over 100 companies are expected to visit the XIMB campus during this year’s final placements as against 62 companies which visited last year. In last year’s placements, the recruiters across different sectors made a total of 218 offers for the 118 students. Last year, the highest international offer was $85,000 per annum and the highest domestic package stood at Rs 16.5 lakh per annum with the average salary on offer being Rs 10.12 lakh per annum.

Talking on the final placements for the current batch, Sabeeta Mohanty, head, placements committee, XIMB said, “The growth in average salary is likely to be stagnant during this year’s placements owing to the prevailing economic downturn. However, none of our regular recruiters have indicated that they will be hiring lesser students this year”. It may be noted that XIMB has recorded about 100 per cent growth in its average salary over the past three years.

“Many companies are yet to make any final commitment on recruitments as they have kept their fingers crossed over the impending third quarter results. This year, the banking and financial services sector is unlikely to emerge as the top recruiter and we are expecting more recruitment from other sectors”, she added.

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TAPMI sets record in placements of graduates

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AVERAGE SALARY OFFERED IS Rs 7.38 lakhs

Manipal: Almost all the students of T A Pai Management Institute (TAPMI), Manipal, were ‘placed’ within a few hours of commencement of the process of the Campus Placement for the batch of 2008, held on Thursday.

According to a press release, the TAPMI adopted a dual offer system with an end of the day acceptance in order to allow students to have their choice of signing up for the most preferred organisations.

While 74 companies confirmed their willingness to recruit, 61 companies participated on the campus placement process on Day One, that is, December 20.

They together made a total of 184 offers (including 3 Overseas) to 125 students.
Students exercised their choice and accepted offers in 50 companies representing diverse sectors such as Financial Services including Banking, Equity Research and Wealth Management, IT & ITES, Consulting, Telecommunication, FMCG, Manufacturing, Health Care, Entertainment and Infrastructure.

Total of 12 students had received pre-placement offers for their outstanding performance during their summer internship of which three accepted. The average salary offered this year is Rs 7.38 lakhs (which is to go up with revised salary structure from a few companies) and the highest salary offered is Rs 18 lakhs (Rs 9.25 in Placement 2007), the release added. Companies that visited TAPMI campus and recruited for the first time included Lehman Brothers, Morgan Stanley, KPMG, SEBI, ICRA, Adventity, Bank of America, Standard Chartered Bank, CapGemini, D E Shaw, Big FM, GMR Group, Godrej & Boyce, JSW, Tata Capital, Reliance Capital, Pioneer Investment Corporation and Wockhardt Hospitals.

Final Placement ‘08: IMI Delhi bags 9 PPOs, expects increase in international companies

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Delhi based International Management Institute (IMI) has set its placement process rolling with 9 Pre Placement Offers (PPOs) from five leading companies: Genpact, Asian Paints, Dr. Reddy’s Lab, DSCL, Grail Research, MB Holding ( Oman).

IMI is expecting more PPOs in coming weeks. Says Mr Amrish Sharma, Administrative & Placement Officer, IMI Delhi, “We have already received 9 PPOs. We expect 7 to 8 more companies, including International Companies, to make PPOs to our students.”

At IMI, the placement season will formally begin from January 3, 2008. The placement process is divided into two phases: lateral and final placement. The lateral placement process will start on January 3, 2008, while the general placement process will be held between January 15-19, 2008.

Some of the companies that are expected to visit IMI for final placements ‘08 include RPG Group, ITC Ltd, UBS, HSBC, Asian Paints, Jumbo Electronics ( Dubai) and MB Holding (Oman).

Overall batch strength at IMI is 186 students. Post-Graduate Diploma in Management (PGDM) has 112 students, Post Graduate Diploma in Human Resource (PGDMHR) has 44 students and Executive PGDM has 30 students. According to IMI, 54 % students in PGDM batch are of engineering background while 22% of commerce background.