Sunday, January 14, 2007

IIFM Rocks

As in the last post Santosh  has said that  with boom in Indian Economy and banking sector focusing on rural finance, IIFMights are getting outmost important for the recruiters in this sector, this year placement scenario reflects the same. All the leading banks, marketing research organization have came to IIFM campus for this year (2007) placement.  Like previous year international organization Olam International came with highest package which is around 30 lakh per annum and it’s a foreign placement.Next highest package was offered by Indian Market Research Bureau (IMRB) for domestic placement and it was 7.25 lakh per annum. 4 students were placed in IMRB. Talking about the banking sector, ICICI-RMAG has   recruited 7 students with package of 6 lakh +, ICICI- Prudential has recruited  7 students with package of 6 lakh+, India Bulls Securities Ltd has recruited 8 students with package of 5 lakh+, HDFC bank has recruited 5 students with package of 4.75 lakh. In the Microfinance Sector, SKS microfinance has recruited 2 students with package of around 3.5 lakh per annum.
Now if I talk about the PPOs (pre placement offer) ,One
Student has done it in the National Commodity and Derivatives Exchange (NCDEX) with package of arond 5.75 lakh and one in TERI.
IIFMights are always demanding choice in Paper industry. This year Grasim Industry, part of Aditya Birla Group has recruited 5 students with average package of 3.5 lakh and J.k Paper has recruited I student with package of 3.85 lakh per annum.
Considering the all package , the average package will be around 6 lakh+ which is far better than last year package of 4.2 lakh+ and according to our seniors and professor it will be better in the coming years.
Santosh in his last post has already  given kudos to our placement
coordinator Ashish Mallik sir. I also thank Ashish sir and other seniors
who has set this high benchmark.  I also thank our favorite sir Prof.
Biswas sir for his continuous and meticulous efforts in the placement,
without him this was not possible.

Contributed by Soumik Ghanta (PFM 2008).. The figures quoted in the post are approximate..


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Thursday, January 11, 2007

Placements 2007 @ IIFM

Only one word to describe placements at IIFM this year.. "Fantastic". Placements at IIFM have never been a problem but this year placements can be said one of the best placements in IIFM history. On day one of placement week, all placed. Average Salary more than 6 lacs (wait for the detailed and official figures, will be posting soon here).

Since I have been witness to IIFM placements since Placements 2005 and probably that was the year when IIFM placements started getting better and better. Prof. Biswas as Placement Chairperson and then newly appointed Director Sir, did some really good work and it has started showing up now.

Though I have heard the stories of IIFM placements where guys have to be pushed to go into Pre Placement Talks as everyone was sure of getting more than one offer. But recently, everything is getting into a proper structure, the students are focused to set up new benchmarks.

With the boom in economy and banking majors going on hiring spree IIFM guys were all set to make merry but one day placement week was really something. Kudos to Placement Committee (Ashish & Co).

(Any one willing to take the responsibility of posting of details of Placement 2007.. PFM 2008..listening..??)

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