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

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The exciting lateral offers made on campus were another significant barometer of the success of this year's placements. The marquis investment bank Goldman Sachs offered 3 profiles in Investment Banking and Global Investment Research including a lateral offer.
Schlumberger offered operations profile for lateral hires. Grail Research (part of the Monitor Group), Accenture, IBM Consulting and Kotak Mahindra also made lateral offers. The average domestic salary offered was Rs. 7.8 Lakhs per annum, a considerable jump compared to Rs. 6.2 Lakhs per annum last year. The median salary this year was Rs. 7.0 Lakhs per annum.

With a total of 90 offers being made, each student had 1.45 offers on hand. The placement team put in a tremendous amount of effort to ensure smooth running of the process, a fact that was well-appreciated by all the participating companies.

The Faculty Coordinator - Placements, DoMS IIT Madras, Dr. Sanghamitra Bhattacharya, says, "The manner in which the placement process is handled at our department by the team of student coordinators is a shining example of what teamwork, dedication, intelligent and sensitive planning - coupled with sheer hard work - can achieve. In fact, our students are our best ambassadors in the industry, which is reinforced every year by the high profile companies which have been regularly participating in our placement process."

The visiting companies were highly impressed with the process, the hospitality and the quality of students. Their fulsome praises and comments reaffirm the impressions carried back by the companies at the conclusion of the process.

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