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Placement 2006

 Indian Institute of Forest Management, Bhopal 

Rural Banking & Micro Finance Emerge as Dominant Recruiting Sector at IIFM Placements 2006

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Sectors Represented

Prof. P. K. Biswas, Chairperson, Placement, informed that 2006 saw the emergence of Rural Banking and Micro Finance as a dominant recruiting sector, in addition to Natural Resource Management & Development Marketing. This is in contrast to 2005 where the dominant recruiting sectors were Natural Resource Management and Corporate Marketing.

The main recruiters in each sector were as follows: -

  • Rural & Micro Finance: ICICI, FWWB, SKS, Grameen Koota.

  • Environment and Climate Change: Economic Securities.

  • Development Sector: Chattisgarh Rural Development, Govt. of Chattisgarh; Andhra Pradesh Forest Department, Aide-et-Action, NIF.

  • Corporate Sector: Olam International & Olam India, CMFR, ITC.

    Compensation

    The highest domestic salary was Rs. 8 lakhs offered by Olam India, and the highest foreign salary was USD 45,000 per annum offered by Olam International. The average salary witnessed the hike of about 40% from last year. It was Rs. 3.03 lakhs in 2005, and has shown a respectable increase this year to Rs. 4.2 lakhs. The median domestic salary has also shown an increase from Rs. 2.8 lakhs last year to Rs. 4.03 lakhs, an increase of about 44% on last year.

    Overall

    Mr. Santosh Singh, Student Placement Coordinator emphasized that 2006 kept up the reputation that IIFM has built up for itself, both internationally and in India. Traditionally, the big B-schools like IIMs and IITs get lot of media attention regarding its placement, whereas a sectoral management institute like IIFM, an institution of its own kind in the world, is silently doing its duty towards natural resources, development sector and others for the upliftment of the society, gets hardly any place in the media regarding its placement. The key differentiating factors for the future are: -

  • Sharpening focus on present requirements - through syllabus revision, campus activities.

  • Enhancing interaction with the development as well as corporate world - through guest lectures of foreign and national experts and other academic event.

  • Leveraging the IIFM alumni network - in bringing new companies to campus, and in solidifying relationships with existing recruiters.

    Concluded


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