DoMS IIT Madras Placements 2012: Average Salary Rs.8.76 lpa
| May 30,2012 11:25 am IST
Placement process at DoMS, IIT Madras, is conducted by the students of DoMS under the supervision of faculty advisors and guidance of the Central Placement Office of the institute.
The Placement Team looks after the management and organisation of two key activities-
2. Final Placements
Summer internships: Companies looking for summer interns start visiting the campus from October onwards. Selection process continues on a rolling basis till all the students are selected. Students are expected to take up internships for a period of 8-10 weeks, during the months of May, June and July.
Final placements: Work for final placements starts in the month of August when Placement team members meet HR representatives of companies that express interest in DoMS. Preplacement talks begin by late September, and continue through October and November. Placement Week is organized in the first week of December, wherein companies conduct group discussions and/or interviews to find the best candidates for their organization. A unique Spot-Offer option can be availed by companies for recruiting ideal candidates for their requirements. Spot-Offer can be made to a candidate by the recruiters at the end of the interview. The candidate by accepting the offer forgoes the right to participate in other processes. . Placements 2012 Much to the delight of everyone 100% placement was achieved at DoMS with students being offered multiple roles spread across various sectors.
PPO/PPI: 6 students received PPO/PPI offers from companies where they did their summer internships.
Placement Week: Nearly 75% of the batch was placed by the end of Day 1, while more than 90% of the students had job offers by the end of the 4th day of the Placement Week. Spot Offers: 40% of the batch (27) received spot offers.
Operations and Analytics
13% of the candidates accepted offers in Operations, from reputed companies such as Daimler and Wipro. The profiles offered were operations, logistics, supply chain management, procurement and vendor management. Close to 12% of participants preferred analytics profiles, the major recruiters in this area being RBS, Idea, CISCO, Citibank, Dell, HP and SCOPE (Standard Chartered Operations India).
15% of the participants received offers from the finance sector. The profiles offered included investment banking, equity research, mergers & acquisitions and derivative research. The recruiters were majors such as Citicorp, CRISIL, Fidelity, Nomura, Vistasoft and UCO Bank.
Recruiters in the IT domain were Cognizant Technology Solutions, HP, Photon InfoTech and Wipro. Profiles offered were program management and business analytics. Most of these offers were spot offers.
Major recruiters in the field of consulting were Infosys and ICRA Management Consulting.
Close to 18% of the batch preferred marketing and sales profiles. The recruiters included KPIT Cummins, Lera Technologies and Wipro offering roles in industrial marketing, market research and sales & strategy.
All the leading recruiters and the first-timers reposed their immense faith in the quality of education and training imparted by DoMS. They were highly impressed with the quality of students, especially at their sound understanding of fundamental concepts and exemplary analytical skills.The efficiency with which the placement team ran the entire process was well appreciated.
Final Placements 2012
Total strength: 72
No. of students opted for placements: 67
No. of PPOs and PPIs: 6
No. of participating companies: 23
Average Salary: 8.76 LPA*
Highest Salary: 14 LPA*
Median Salary: 9 LPA*
Lowest Salary: 7 LPA*
*Only accepted offers were taken into account for calculating the above data. Joining bonus and allowances were not considered.
Profile Breakup - Domain Wise