Non-IIMs Rake in the Moolah Too
It’s been a better-than-expected placement season at the IIMs this year, and that has had a positive rub-off on other toptier business schools as well. Bschools like Narsee Monjee Institute of Management Studies (NMIMS), JBIMS andothershave seen higher salaries on offer, more international postings and double the number of preplacement offers.
“All IIMs are not in the same ranking when it comes to quality, andfor companies,hiring the top 10 percentile of managementcollegeslower in theorder makes more sense than picking up from the bottom percentile of an IIM,” said Ganesh Shermon, KPMG India partner and country head (human capital). Top Indian as well as international companies such as Goldman Sachs, Wipro, Accenture, Cognizant, Infosys, Microsoft, Deloitte, Crisil and RBS seem to subscribe to this thinking, making offers at NMIMS, JBIMS and Research, and Indian Institute of Foreign Trade (IIFT).
At NMIMS and TAPMI, Infosys is one of the top recruiters, picking up around 30 students at each campus. The firm’s HR head, Nandita Gurjar, had said at the time of company results that it would hire from Bschools for its consulting division, which is expected to get a large chunk of projects. Students at Mumbai-based JBIMS have received pre-placement offers from Standard Chartered Bank, Hindustan Unilever, Procter &Gamble,Citibank,Vodafone, JPMorgan Chase, Mahindra &Mahindra,Accenture and Jones Lang LaSalle so far, with final placements still to come.
Boom Time at B-Schools [/b]
NMIMS has a large batch of 473 students, compared with 413 last year, but around two-thirds of the batch have already been placed and 81 PPOs have eased the pressure. Around 60 companies are still to visit the campus.
At TAPMI, offers received this year have already crossed last year’s, with 46 companies coming to campus, including some blue-chips. And at Delhi-based IIFT, pre-placement offers have doubled to 42 compared with 21 last year.
While the top salaries on offer at these campuses have increased, they are still below the level of the top offers at the IIMs so far. At TAPMI, the top offer was an international posting, from Omanbased brand distribution and retail management solutions company Enhance Oman, which made a . 15.84 lakh offer.
At JBIMS, the highest salary so far is . 24.2 lakh, a marginal increase over last year’s . 24 lakh.
At Chennai-based Great Lakes, Microsoft has offered . 28.5 lakh for an Indiabased profile. Mumbai-based KJ Somaiya bagged one from a Germany-based logistics company that has offered . 36.2 lakh to a student.
