Foreign Offers Made for the First Time Signify Placement 2007 at DoMS, IIT Madras

The Department of Management Studies, IIT Madras, recently concluded a spectacular placement season lasting just 3 days for the MBA Batch of 2007. While 37 companies had confirmed their participation in the placement process, placements got over with the first 25 companies who came to campus.

The recently concluded placement season was significant in a number of ways. Foreign offers were made for the first time on campus. Bloomberg made 4 offers for their New York and Princeton offices, while Indigo Futures, a proprietary trading firm based in Gibraltar, made another 4 offers in the area of options modeling and futures trading for its Gibraltar, Singapore and Dubai offices. The average foreign salary offered on campus this year was USD 66,000 with Bloomberg topping the charts with USD 90,000.

On the domestic front, Goldman Sachs, Caterpillar, Schlumberger, Accenture, and KPMG were the big names added to the recruiter list this year. Other first time recruiters included Kotak Mahindra Bank, SBI Caps, ICRA Consulting, and HP, to name a few. Citibank, Caterpillar and IBM Business Consulting made the highest number of offers.

Finance, Operations and Consulting were the most preferred choices on campus this year.

The banking sector was represented by Citibank, Kotak Mahindra and SBI Capital Markets. Citibank recruited for both its Corporate Banking and Global Consumer Group divisions. Kotak offered profiles in private banking. SBI Capital Markets made attractive offers in the fields of investment banking while IBM and Caterpillar offered profiles in corporate finance.

Avalon Consulting, KPMG, IBM, Accenture and McKinsey KC offered consulting profiles. ICRA's management consulting division, iMacs, recruited exclusively through PPOs. Caterpillar recruited heavily for their operations profiles including their famed Six Sigma programme. Exciting roles in Analytics were made by McKinsey KC, Grail Research and Hewlett Packard. Infosys and Wipro offered business analyst profiles across various verticals like retail, human capital management, pre-sales, etc. Infosys BPO recruited for its Fixed Income Analytics Division.

Bajaj Auto, Henkel and Sterlite Optronics recruited for marketing profiles, and HR profiles were offered by IBM, Bajaj, Caterpillar and Infosys.

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