IT Sector Largest Recruiter in Placement 2007 at Goa Institute of Management

Goa Institute of Management (GIM) is one of the premier B-schools in India consistently ranked among the top few in most surveys. The thrilling once-in-a-year experience that every B-school looks forward to, that is, the placement week, is finally over for GIM.

Placements for the batch passing out in 2007 started in the early hours of the 15th of December and ended late in the evening the next day. During the intervening hours, 116 students from different academic backgrounds with varying work experiences were placed in 31 companies. This year companies from the IT, Consulting, Financial Services, Banking, Telecom, Automotive and other sectors recruited students.

A total of 193 offers were made to 116 students with the IT sector being the largest recruiter. Infosys Technologies, Cognizant Technology Solutions and IBM made 25, 24 and 11 offers respectively, making them the largest recruiters. Some of the first time recruiters this year were Accenture, Deloitte, Idea Cellular, HP, HSBC Bank, Hutch, Madura Garments and Tata Motors.

A total of 78 companies showed interest in recruiting students from GIM and 47 were slotted for the final placement process. Of these, only 31 companies could recruit GIM students.

The average salary showed an increase of 22.13% to Rs. 6.41 Lakhs per annum this year as against Rs. 5.24 Lakhs last year. Similarly, the highest (annual) salary was Rs. 9.0 Lakhs (offered by Cognizant Technology Solutions), as against Rs. 8.0 Lakhs last year. The median salary this year was Rs. 6.5 Lakhs, with the least salary offered being Rs. 4.0 Lakhs.

The real story of Placements '07 was, however, not the salaries, but the job profiles that companies offered. Students rejected very high packages in preference of the profiles that constituted their dream jobs. Some of the interesting new profiles offered this year were Credit Risk Management, Bond and Derivative Modeling, Web Marketing, and Supply Chain Management Consulting; apart form usual Sales / Marketing, Relationship Management and Equity Research profiles. Kotak Securities International offered a foreign placement with an opening in their Dubai operations.

The recruitment for summer internships is also progressing at full steam with big names like Yahoo and Deloitte offering posts to students with stipends as high as Rs. 45,000 per month.

Concluded.