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On the up & up
The Indian Institute of Planning and Management has set new benchmarks as far as placements go
AS far as placements go, the Indian Institute of Planning and Management is on the up and up. Maintaining its reputation of being among the most revered suppliers of quality management graduates, it has set new benchmarks during the ongoing season for the Class of 2006-2008 by hitting an all-time high in domestic and international placements.
The placement season was kickstarted in grand style, with Satyam Computer Services picking 60 of the IIPM’s brightest students on Day 1 itself. Some of the students with reasonable experience were offred a whopping 8.80 lakh per annum, the highest domestic package so far, while the average package offered was a little over Rs 5 lakh per annum. Regular recruiters like HSBC, Pipal Research, Evalueserve.com, Oracle, HP, ICICI Bank and Reliance ADAG, who are part of the Most Favoured recruiters at IIPM, were given preferred slots for placement as they had a bigger shopping bag to fill than ever before. And the Reliance Group once again proved that their “people” power has helped it become the largest private corporation in India — it confirmed over 100 IIPM graduates from across the centres in New Delhi, Mumbai, Bangalore, Chennai, Pune, Ahmedabad and Hyderabad at a package of Rs 6.5 lakh per annum.
The total number of placements as on 18 March this year stood at a whopping 2,014, a figure perhaps never achieved in the history of Indian institutes. IIPM’s most striking performance has been its record-breaking achievement of getting 85 new companies for the first time on campus. Add to this its regular recruiters and the number stands at over 600 companies that have already visited the IIPM campuses. First-time recruiters included Yes Bank (33 students in early January), Zee Entertainment (seven), and UB Group (14). Euro RSCG, one of the leading advertising agencies, also debuted, along with some real estate facilitation management companies like Colliers International and CB Richard Ellis – reflecting the immense variety and depth IIPM offers its recruiters, who range from financial services to consulting to real estate to technology to outsourcing and FMCG.
Indeed, it is time for IIPM students to smile. It’s not only the domestic job offers but even the placements abroad that has created a huge amount of excitement. The achievement of the Strategic Management Group, the apex body that controls and executes the placement process for all IIPM centers, in ensuring that every graduate gets absorbed way above the national average package is worth mention. The SMG has regularly pursued various global organizations before getting some of the biggest names on campus. The list of international recruiters include the Dubai-based Emirates Neon, the largest outdoor advertising firm in West Asia, which recruited 29 students; the Al Sharaf Group, again based out of Dubai, which visited the campus twice before recruiting nine students; and the Oman-based Saud Bahwan Group, the largest automobile trading house in West Asia, which hired nine. The Al Sharaf Group offered the highest international package (equivalent to Rs 21.2 lakh per annum), and there’s a lot more to happen still.
According to Professor Arindam Chaudhuri,Honorary Dean, Centre of Economic Research and Advanced Studies, “The placements at IIPM this year have been magical, especially on the international front, and perhaps no other institute in this country has placed more than 100 of its students abroad in any given year. I expect the figure this year to finally touch anything between 150-200, given the fact that the banking specialization at IIPM, conducted by the extension arm of NUS, is yet to get over. Once these students finish this specialization, there will be bigger international packages and placements pouring in. I would say that we are just getting warmed up. In the next academic year, IIPM will create real tremors in the placements scenario, as if the current figures are anything less than earth-shaking.”
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