Students Reject Fat Pay-Cheques to Favor Dream Profiles in Placement 2008 at Goa Institute of Management

Goa Institute of Management (GIM), one of the premier B-schools in India, had phenomenal placements this year. The thrilling, once-in-a-year experience that every B-school looks forward to, that is, the "Placement Week", was over within few hours for GIM!

Placements for the batch 2006-08 started in the early hours of 14th of December and ended the next day. During the intervening hours, 119 students from different academic backgrounds with varying work experience were placed in 40 companies.

GIM, which has always been a favorite haunt of IT companies, has a different story to tell this time. Giants like Hindustan Unilever Limited, State Bank of India, Marico, Vodafone, Mercer Consulting, Thomas Cook, Deloitte and Citiglobal straddling across various domains made a beeline to grab the GIM talent. Regulars like Wipro Technologies, Infosys, and Cognizant were joined by newcomers like CapGemini and EDS.

A total of 194 offers (plus 12 pre-placement offers) were made to 119 students, i.e., 1.63 offers per student. In order to gear up for the forthcoming challenges expected to emerge from the liberalization of banking sector post 2009, leading banking and financial institutions like SBI, HSBC, Kotak, Centurion Bank of Punjab, etc., made a total of 55 offers. Out of the 72 companies which registered with GIM for the recruitment process, only 40 could recruit.

The real story of Placements 2008 is students rejecting fatter pay-cheques in favor of their dream profiles. Moving higher up in the value chain, GIM students managed to attract stellar profiles like Transition Managers, Arbitrage Strategist, Treasury Functions, Investment Research, Risk Management, Valuation Services, Branding and Strategic HR consultancy.

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