IMI placements will be over within weeks, says IMI Director

IMIs 25th Annual Convocation concluded on June 1, 2009 with over 85% of its batch placed

The International Management Institute (IMI) Delhi, on June 1, 2009, hosted its 25th Annual Convocation where 223 students were conferred with Post Graduate Diplomas in Business Management (PGDBM). Addressing the gathering, Dr C.S. Venkata Ratnam, Director IMI India, said that IMI was proud to have achieved over 85% placements even in times of recession, where corporate houses are sceptical about adding more staff. In the next couple of weeks, the institution will have 100% placement, he added.

Dr. Isher Judge Ahluwalia, Chairperson, Indian Council for Research on International Economic Relations (ICRIER), who was present on the occasion to confer degrees, said, The current slow growth phase can be used as an opportunity to plug the gaps in infrastructure investment and skill deficits in our country. If pump-priming through fiscal spending on infrastructure is combined with better investment climate to incentivise the private sector to invest, then we can use this period to further enhance Indias competitive strengths. By the time the world economy begins to turn around, India will be in a better position to exploit the new opportunities.Out of the 223 students who passed out of IMI this year, 37 were from the 25th Executive Post Graduate Diploma in Management, 30 were from the 26th three-year part-time Post Graduate Programme in Management, 121 were from the two-year full-time Post Graduate Programme in Management, and the rest were from the third Post Graduate Diploma in Management (Human Resource).

All students graduating from IMIs two-year Post Graduate Program (PGP) have been placed with an average salary package of Rs 6 lakh in PGDM and Rs 5.25 lakh in PGDMHR. The highest package offered to the out going batch was that of Rs 11 lakh. In total around 58 recruiters flocked the campus, from sectors like Banking & Financial Institutions with Insurance as the dominant recruiter followed by IT, FMCG and Market Research. IMI managed to attract 44 first-time recruiters and eight Public Sector Unit companies.

While presiding over the convocation, noted economist D.H. Pai Panandikar, Member IMI Board of Governors, encouraged the outgoing students and said, We are already witnessing signs of economy picking up and businesses are rejoicing at not just in India, but across the world.

Some of the prominent recruiters included companies like Asian Paints, Maruti Suzuki, RPG Enterprises, KEC International, Ceat Ltd, DSCL Ltd, Ranbaxy, HCL Technologies, Perfetti, SBI Life Insurance, Infosys BPO, Vodafone, Indian Oil Corporation Ltd., Pulser Knowledge Center, Quantum Research, Citi Bank, IMRB, ICICI Bank, Hero Honda Motors Ltd., Tata Tele Services, Darashaw, Prabhudas Liladhar, Iffco Ltd. LMJ International, Canara HSBC Life Insurance, Hindustan Unilever ,Onida, FINO, KLG Systel, Ambuj Technologies, Globus Group and EREDA.