VGSOM, IIT Kharagpur saw 32 new companies at Final Placements 2009

Placement season for the final year students at Vinod Gupta School of Management, IIT Kharagpur concluded with 65 companies participating in the final placement process. The average compensation stood at Rs 8.93 lakhs per annum, a drop of 22% as compared to the last year. The highest domestic compensation was Rs 14.7 lakhs per annum with 32 new recruiters visiting the campus this year.

This year again witnessed the participation of Big 4 consulting firms Pricewaterhouse Coopers, Ernst and Young, KPMG and Deloitte.24% of the batch chose consulting as their preferred career with profiles ranging from Government Reforms and Infrastructure Advisory, Carbon Trading Advisory, to Process Innovation and Risk Advisory. Wipro Consulting Services (WCS), Deloitte US (Hyderabad), Emergent Ventures, Renoir Consulting and Frost &Sullivan were other companies which offered consulting profiles.

 Notwithstanding the global recessionary trends being faced by the financial world, VGSoM saw participation by the top finance companies with finance accounting for 21% of the batch. Citibank, Deutsche Bank, SBI Caps, Irevna, Union Bank of India, Bank of Baroda, SIDBI, Andhra Bank, Care Ratings and Vistasoft offered finance profiles with Union Bank of India being the largest recruiter on campus. The profiles that were on offer by the companies varied from Corporate Finance, Treasury, Project Finance and Risk Management to Process Improvement and Banking Operations.

 Louis Dreyfus Commodities Middle East Ltd. offered international postings to the candidates interested in the field of Finance.

 In spite of the recession VGSoM was a preferred destination for a number of IT companies including the regular recruiters like IBM, Infosys BPO and the first time recruiters like HP, TCS, Iviz, Metalogic Systems, Couth IT, Kalinga Soft and Pagalguy.This year saw the top analytics companies like HSBC Analytics, Market Rx, Genpact, First Source, Latent View Analytics and Decidyn Systems making a beeline for students. The profiles that were on offer ranged from financial analytics, marketing analytics, IT analytics and the niche pharmaceutical market analytics. On the whole the IT and the Analytics sector recruited a sizeable 21% of the batch.

 Leading marketing companies like Cadburys, Cavinkare, Vodafone, Tata Communications, IMRB International, Dabur Pharma and Novartis offered profiles that ranged from Sales and Marketing, Market Research, Branding, Business Development to Business Analytics. Marketing profiles were accepted by 20% of the batch. Operations profile accounted for 9% of the batch offered by companies like RPG Group, Maersk Logistics, Vedanta, Tata Telcon, Tata Steel, Bajaj Auto,Voltas, Schindler India, LMJ Group, M N Dastur and Visa Steel.

 An important trend that was noted this year was the participation of the Navaratna PSU’s like BHEL and other major PSU`s like Andrew Yule. Overall, in spite the downturn , students were offered a variety of profiles like Corporate Finance, Treasury, Project Finance, Management and IT Consulting, Strategy and Execution, EA to CXO’s, Carbon Trading Advisory and Government reforms and infrastructure advisory.