60 companies participate in SIMSREE 2009 Placement Process

With the global economic meltdown not sparing anyone, even B-school placements have taken a hit. This year, because of the strenuous recruitment conditions, we, at SIMSREE, decided to have a placement process in 3 phases, starting with the first phase in mid-January.

With batch strength of 102 students, 7 students were invited for pre-placement interviews and made pre-placement offers (PPOs). Even in these conditions, most of our regular recruiters showed faith in the students from our institute and ensured that they were a part of the recruitment process. Some of our regular recruiters were Vodafone, Godrej & Boyce, Tata Communications, Darashaw, CRISIL, IMRB International, TCS, HSBC, ICICI Bank , Berger Paints, Citi Bank and ABPS Infra. More than 60 companies participated in the placement process this year, which saw them offering profiles across specializations including Investment Banking, Equity Research, Product Development, Market Research, Sales, Banking, Business Development and many more.

However, this year also saw a surge of SMEs and first time recruiters participating in the process. Companies like Aviva Life Insurance, CAPFoundation, Ennar Capital, Garden Vareli, HDFC Ergo, IDBI Bank, Infomedia 18, MF Global, Monarch Innovative, Tresvista Financial Services, Ugam Solutions, Vijaya Bank, Web 18 were some of the first time recruiters who picked up students from across various specializations.

Some of the other companies which showed keen interest in the students from SIMSREE were Accenture, Aircel, Birla SunLife, Eureka Forbes, Ispat, KPIT Cummins, Maersk India, Paper Products Ltd., Research International and Thomson Reuters amongst others.

There has been an increasing trend in B Schools across India, wherein quite a few students tread an offbeaten path -opt out of placements to pursue entrepreneurial dreams . This year 8 students from SIMSREE , have opted out of campus recruitment either to start their own venture or to join their Family Businesses.

The average domestic salary on offer is Rs. 7.05 lakhs p.a, with median salary being Rs. 6.73 lakhs. The highest package offered on campus is Rs. 11 lakhs while the lowest package on offer on campus is Rs. 3.5 lakhs.