IIM Indore achieves 100% placement for PGDM batch despite economic slowdown

The placement report, announced on March 10, for the tenth graduating PGDM batch of the institute with 175 students saw offers from sectors like Manufacturing, IT/ITeS, FMCG, Banking & Financial Institutions, Media, Travel & Tourism, Infrastructure, Healthcare and Pharmaceuticals, Education and allied services and Energy.According to IIM I report, the regular recruiters such as Deutsche Bank, HSBC Global Research, Standard Chartered Bank, Axis Bank, Yes Bank, FuturesFirst, Johnson & Johnson, ITC, Deloitte Innovation, Knightfrank, Larsen & Toubro, Jindal Steel & Power Corporation, Infosys, CTS etc. continued their relationship with the institute.

New recruiters on campus included UTI Mutual Fund, Mahindra and Mahindra, Virgin Mobile, Unicon Securities, Eli Lilly, and Infrasoft Technologies etc. Public Sector Undertakings (PSUs) like Bank of Baroda, Union Bank of India, SAIL, SEBI, IOCL and BPCL also participated and recruited students for senior management roles. The number of partner firms which participated in Final Placements 2009 stood at 126, a substantial increase from last years figure of 95. Of these, nearly 56% were newly established partnerships which also accounted for the bulk of the hiring. Financial Services continued to dominate the placement scenario this year with nearly 50% of the offers coming from financial services firms. Financial domain saw participation by MNCs and Indian Banks, Public Sector Banks, Credit Rating Agencies, Insurance, Trading, Broking and Financial Services firms. Around 25% students have chosen to go for sales and marketing sector job. The Sales/Marketing and Business Development function saw 25% of the Class of 2009 bagging roles across a range of sectors like FMCG, IT/ITeS, Energy, Media, Telecom and Pharmaceuticals.

The average annual compensation offered in this function was INR 13.44L. While an average annual compensation of INR 9.65L per annum was on offer to candidates with no prior experience, candidates who had prior experience were extended offers with an average annual compensation of INR 10.67L. The General Management and Operations function had a large demand for managerial talent in Final Placements 2009. Firms like Bosch, IMS, TIME, HT Media, Big 92.7 FM and Era Group offered General Management roles with an average annual compensation of INR 8.5L. Several new corporate partnerships were initiated this season with firms across sectors. The infrastructure and manufacturing sector saw a large number of such relationships being established with firms like Punj Llyod, Jindal Steel, Bosch, Jindal South West, Indofil Chemicals Company, Mahindra & Mahindra, Grasim etc. Financial institutions like CARE Ratings, SBI Capital, Unicon Investments and UTI Mutual Fund also offered a variety of roles. A few other important newly established partnerships were with firms such as Manipal Group, Indebo, Renoir Consulting, VIP Industries, Virgin Mobile, Eli Lilly & Co., Infrasoft Technologies, One97 Communications, Kelloggs and Amul. Several firms also recruited exclusively from IIM Indore for a variety of roles for global and Indian locations.

Sixteen participants from the Class of 2009 would join top FMCGs like Hindustan Unilever, Colgate Palmolive, Marico, Dabur, ITC and AT Foods. 50% of the international offers were made to candidates in IT/ITeS for Sales & Business Development with job-postings around the globe. Some candidates also opted for unconventional roles in the challenging fields of international Online Marketing. Firms like GSK Pharma, Eli Lilly, and Pfizer etc represented the growing Pharmaceuticals sector with roles in brand management, sales and business development. Expressing his satisfaction over the placement process, Prof Prashant Salwan, chairman of placements, said, The successful completion of Final Placements 2009 for the tenth graduating PGDM batch at IIM Indore amidst the most difficult economic times is testimony to the immense faith that the corporate world places in the managerial talent at IIM Indore. In anticipation of tough times, IIM Indore worked strategically towards Final Placement 2009 by identifying and reaching out to a wider base of recruiting organizations and by helping partner firms spot the need for talent for various roles. Foreign offers have seen a substantial jump with several organizations recruiting exclusively from IIM Indore. We have tried to ensure that every student secures an offer in the sector of his choice with no compromise on the role being offered.