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..