IIT Kanpur concludes MBA Final Placements 2012: Highest Salary offered Rs.14 lakh
| May 30,2012 12:27 pm IST
The Final Placement season 2012 saw a good number of companies visiting IIT Kanpur MBA offering niche and interesting profiles to its students. Selection and scheduling of the companies was done keeping in mind the students interest and the job profiles offered.
Industry heavyweights continued their relationship with IIT Kanpur MBA and offered profiles in domains like Consulting, Banking, Sales, Operations, Corporate Finance, Analytics, Technology, Infrastructure Finance, Human Resource etc. Various firms offered multiple profiles to different candidates at the same time as per the interests of candidates and their qualifications. Batch of 2012 being more interested in areas of Consulting and Finance, more number of companies from the area of Banking, Finance and Consulting were invited for campus recruitments.
While some of the major companies confirmed their interest but couldnt participate in the placement process as students with requisite profiles were already placed. Relationships with Regular Recruiters and New Recruiters Regular recruiters like Deloitte US-India, Accenture Management Consulting, Infosys Consulting, Infosys BPO and HSBC were very much satisfied with the quality of talent hired in the past from IIT Kanpur MBA, and once again confirmed their participation in MBA placements reaffirming their long-term relationship with the department.
Final Placements 2012 also witnessed entry of new recruiters including PricewaterhouseCoopers, Mu-Sigma, UCO Bank Citicorp, Mckinsey Knowledge Centre, Damodar Valley Corporation, PBOPlus Consulting and IDBI. This highlights the growing confidence of the Corparate world on MBAs from IIT Kanpur.
Consulting has been a strong hold at IIT Kanpur. In consulting sphere, IIT Kanpur MBA attracted Big-$ auditing companies like PricewaterhouseCoopers and Deloitte US-India for campus recruitments. The other major recruiters in consulting domain were Accenture Management Consulting, Infosys Consulting and Infosys BPO. Profiles offered were Infosys BPO. Profiles offered were Environment Sustainability, Audit and Enterprise Risk, Management Consulting, ERP Consulting, ERP Pricing and IT Consulting.
PBOPlus offered profile in Management Consulting. In addition to this, profiles of Corporate Planning, Project Management and Business Analyst were also offered by IT majors like IBM and Mu-Sigma. Students were also offered roles in Analytics by McKinsey Knowledge Centre and HSBC.
In banking and finance segment, IIT Kanpur MBA had some of the biggest players including
Citicorp, HSBC, UCO Bank, Power Finance Corporation, IDBI and Bank of India offering coveted profiles to its students. The profiles include Corporate Banking, Risk Management, Asset Liability Management, Debt Management and Finance Manager. Profiles in Marketing and Sales were offered by Bank of India, IDBI Bank and Midhani Limited. Thinklink Supply Chain Services offered very niche roles in Supply Chain Optimization. Human Resource and Administration profile was offered by Damodar Valley Corporation.
Dual Placement Thrust: MBA Team and Student Placement Office
IIT Kanpur MBA has a very unique advantage of having IIT Kanpurs overall Student Placement Office (SPO) invite companies for MBA placements. SPO is responsible for placements of all the students at IIT Kanpur. SPO helps the department by inviting companies who also have interest in MBA program. The MBA placement team at the department also seeks out relationship with new recruiters while maintaining historical relationships. This dual effort ensures that best of the companies are invited for placements on the campus, and in most cases long-term relationships are maintained with past and potential recruiters. Some of the key Placement Statistics for the batch of 2012 are given in the table below
Table 1: Placement Statistics 2012 Key MBA Placement Statistics - 2012
Number of confirmed recruiters*: 20
Total number of offers: 28
Total number of students: 26
Average annual compensation (Rs. lpa): 8.73
Highest annual compensation (Rs. lpa): 14
Median annual compensation (Rs. lpa): 8.50
*includes recruiters who confirmed their participation but couldnt recruit as students with relevant profiles were already placed.