Mean Compensation Package at TISS Final Placements Touches 'Six Figure' Mark
School of Management & Labor Studies, Tata Institute of Social Sciences (TISS) completed another phenomenal round of final placements for its outgoing Batch 2006-08. Surpassing all previous records, the mean compensation package touched the magical "six figure" mark.
The placements season began with the laterals in the last week of December '07 while that for freshers ended in the first week of January '08.
The trend this time leaned towards consulting again, with the creme de la creme of the industry visiting the campus. The KPMG, Ernst & Young, Pricewaterhouse Coopers, Hewitt Associates and Accentures of the world jostled with each for the small batch of 42. The fact that 16 students of the batch had already accepted Pre-Placement Offers from their summers organizations and opted out of the Finals, did not make the recruiters' job any easier.
The other regular recruiters with TISS like Proctor & Gamble, HUL, ITC, Nokia, Tata Sons, Marico, Cadbury, Pepsi and Nestle also vied for the best HR talent in the country. The BFSI sector was well represented by Deutsche Bank, HSBC, Axis Bank, Lehman Brothers and Fidelity. IT sector biggies like Wipro Technologies and IBM were also in contention. A new entrant in the process was Bennett Colemann & Co. M & M Global Leadership Program and RPG Group participated only in the lateral process.
With the talent crunch and demand for HR talent going through the roof, placement packages at TISS followed suit:
|Total Batch Size||42|
|Number of PPOs Offered||19|
|Number of PPOs Accepted||16|
|Number of Companies||26|
|Highest Salary||INR 16.0 Lakhs per annum|
|Median Salary||INR 11.25 Lakhs per annum|
|Average Salary||INR 11.30 Lakhs per annum|
With the new and bigger batch (60 students) of budding HR professionals coming in this year, and the current junior batch enthused by recently concluded summer placements, the future is definitely looking bright and sunny at TISS!