Whither Rescission ? SJMSOM top hire get placed at INR 21.08 lakh pa

Despite the talk of all gloom and doom, placements at B-School seems to be going pretty well if one goes by the highest salary being paid to mint fresh MBA graduates from top and not so top MBA institutes in Country.  The latest institute to beat placement blues successful is SJMSOM, IIT Mumbai where not only 100% of the batch got placed successfully, many students ended up having multiple offers with lot many disappointed recruiters as per the press release issued by SJMSOM, IIT Mumbai.

A total of 60 companies were vying for some of the best minds across the business schools. The domestic average salary for the Batch of 2009 stood at INR 10.28 lakhs. After including the foreign offers the average salary was INR 10.61 lakhs. The highest domestic salary offered was a staggering INR 21.08 lakhs.

The Final Placements saw almost all the sectors recruiting at SJMSOM, IIT Bombay. SJMSOM reaffirmed its relationship with its traditional recruiters like P&G, Marico, Coca Cola, Cadbury, ICICI Bank, GE, Wipro, E&Y, CTS, Feedback Ventures, RPG group and Inductis amongst others.

SJMSOM Final Placements 2009

Despite the financial meltdown, there was no dearth of roles on offer in the financial sector. Roles offered included Investment Banking, Corporate Finance, Quantitative Finance, Corporate Banking, Project Finance, Treasury, Risk Management, Business Intelligence, Sales & Marketing and Banking Operations. 19 % of the batch accepted offers in the finance domain. Morgan Stanley (MSCI Barra) made one of the most sought after offers in the school. Other recruiters included ICICI Bank, SBI Caps, Tata Teleservices to name a few.

SJMSOM Placements 2009 Highlights

The school continued to demonstrate its strength in the field of Operations with 25 % offers going in that direction. It saw the likes of companies such as P&G, J&J, Marico,              Dr. Reddy’s etc. offering SCM, Operations and Manufacturing profiles. The Final Placement also saw UK based Retail giant TESCO, picking up students for international roles.

 Consulting careers continued their huge popularity with 24 % of the batch taking up the role of consultants in organisations such as E&Y, Deloitte, Emergent Ventures, Inductis etc. The profiles offered included niche ones like Energy Consulting and Carbon Credit Advisory as well.

Marketing profiles were accepted by 14% of the batch. This domain saw participation from companies such as Marico, Genpact, Big 92.7 FM, Schindler, as well as conglomerates such as RPG and Vedanta Group. International Marketing & Management profiles were offered by Peerless Fabrikkerne.

Systems profiles were offered by companies such as Deloitte, Mphasis (EDS), CTS,     Infosys BPO etc. 13% of the batch accepted offers in this domain. Also, Business Development profiles were offered by Battelle, an international science & technology enterprise.

SJMSOM Batch Profile 2009

New sectors explored this year and which were actively recruiting included niche ones like Carbon Trading among Analytics Consulting, Technology Consulting, Healthcare, PSUs, Publishing, Entertainment, Engineering/Construction. This year also saw an active participation from Public Sector Organizations offering exciting profiles backed by competent packages.  Public Sector Organizations found favour with the students with nearly 12% of the batch choosing to start their management careers in the government services such as BHEL, COAL India, Power Finance Corporation and SIDBI.