Placement 2001

Placements for class of 2001 have started at the leading B-schools across the country. The reports have started coming in that the placements this year are also going to be fabulous, continuing the bull-run witnessed in Circa 2000.

Day Zero

Companies in the fray on Day zero were who's who of the corporate world. Consultancy firms led the crowd with KPMG, PWC, Cap Germini Ernst & Young. Marketing firms like P&G, HLL, Asian Paints, vied with IT firms NIIT, Compaq, Wipro Corp, Oracle for top students. Trinity Corporation represented US Inc.

It was day ZERO and Trinity Corporation, U.S.A made 7 mighty offers (each worth US $ 1,06,000) of these only 3 were accepted and the rest rejected. One of the students, who rejected the offer said," Maybe for a short period, the money was tempting, but I am looking at a Consultancy and I have the opportunity to choose".

The Indian brigade was led by P&G and KPMG. P&G, a much-revered company at NITIE, was the highest domestic paymaster with an offer of Rs. 6.28 Lakhs per annum. They finally took 4 students. Those looking for consultancies were in for a big surprise. KPMG made 9 offers in the areas of MCS (Management Consultancy Services) & IRM (Information Risk Management), PWC (Price Waterhouse Coopers) made 7 offers, Ernst and Young, (ISAAS division) made three offers and Cap-Gemini made two.

Day One:

Day ONE started with 18 companies fighting it out. There were a few consultancies like BCG (Business Consulting Group), Kale Consultants that came on Day ONE, and many other software firms like Satyam, who went back satisfied with substantial number of students.

Midway through Day TWO the entire batch of 83 students had been placed.

Apart from final placement, 9 PPOs (Pre placement offers) were made by companies.

This Placement 2001 was an important milestone in NITIE's history. It was a reflection of the coming of age of an Institute that started only five years back. Starting with an average salary of Rs. 1.5 lakhs in 1996 (first batch of management students), salaries at NITIE have been growing at a compounded growth rate of 30%. Not only they have salaries improved (up by 31% over the last year), but also the job profiles on offer have undergone a sea of change. Originally perceived as an operations school, today it is being recognised as a complete B-school. Leo made one offer whereas Corporate giants like P&G, Compaq and many other companies like Marico took students for their Sales & Marketing divisions.

This year 26% students were into consulting, 13% in marketing, 36% in Systems and IT, and majority of the remaining went into Supply Chain Management and Operations.

Also read about NITIE Summer Placements.

CoolAvenues.com Team

Placements 2000

Read complete story of Placement 2000 as it happened along with analysis and comparison across the B-Schools and segment-wise analysis.

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Read about the pre placement scenario from our archives