“If you can imagine it, you can achieve it. If you can dream it, you can become it.”
-William Arthur Ward
Shailesh J. Mehta School of Management, IIT Bombay, entering into the tenth year since its inception, started its placement process on Jan 5th ’06. True to the expectations, it was a huge success.
A total of 52 companies gave 84 offers to the batch of 47 students resulting in an average of 1.79 offers per student. Regrettably, a number of companies had to be turn down, as there were no students left in the placement process.
The synergistic interaction of the school with the industry along with a diverse work-experience of the students helped in making the first lateral placement process at the school, an astounding success. Offers for lateral placements included top-notch profiles like International Sales, Risk Management and Brand Management.
Companies like TSMG, E&Y, KPMG, Avlon Consulting, Accenture, Bristlecone, and Mindtree Consulting were in the forefront in offering Consultancy positions. Infosys, IBM, MBT, Wipro, CSC, BirlaSoft, HCL Technologies, Honeywell, MAQ, Ramco, Polaris and many others dominated the Systems domain.
Banking, Finance & Insurance majors like Citibank, HSBC, JPMC, Bank of America, Kotak Mahindra Bank & Life insurance, SBI, Standard Chartered and SBI Caps were major recruiters this time. Marketing, Operations and Strategy profiles were offered by companies like Marico, Oracle, Cadbury, ITC, Colgate-Palmolive, GE, Godrej, ICI, Whirlpool, Tata Motors, Times Group & RPG Group.
New faces on the campus this year were leading KPO companies like Inductis, Aranca, E-funds, Progeon, Adventity, Fractal, Dell International, Clear Capital, and Evalueserve among others. Capital One and Jumbo Electronics were the foreign attractions on campus this year.
In all, 15% of the batch was offered international profiles. The average salary stood at INR 7.83 lakh for this year.
The highest salary offered was INR 11 lakh and the lowest offer stood at INR 5.5 lakh. The median, which gives the true indication of the placements, stood close to the average salary at INR 7.63 lakh. The successful placement process once again reaffirmed the faith that the corporate sector has bestowed on the Institution.