CoolAvenues B-school Placements Survey 2011
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Mint – CoolAvenues B-school Placement Survey 2011

Mint – CoolAvenues B-school Placement Survey 2011

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CoolAvenues B-school Placements Survey 2011 CoolAvenues B-school Placements Survey 2011 Document Transcript

  • © CoolAvenues.com
  • Mint – CoolAvenues.com AnnualContents Placements Survey 2011 The survey, which is now in its 11th consecutive year, has covered top ten MBA institutes offering two year MBA / PGDBM program. Page 1Editorial B-Schools that fared well in Placements 2011 Page 2 Placements 2011 extends indefinitely at IIM Ahmedabad Page 3 Finance continues to be major recruiter, consulting follows Page 3 B-School Placements 2011 Highlights Page 5 XLRI Placements 2011: 25% batch placed in marketing Page 6 Sketching Placements 2011 at SJMSOM IIT Bombay Page 7Statistical Data from 23 B-schools Function wise placements data of IIM Page 9 Placement 2011: Function wise Split Non-IIM B-schools Page 9 Overseas Placements at IIM Page 10 Overseas Placements at Non-IIM B-schools Page 11 Pre-Placement offers at IIM Page 12 Pre-Placement offers at Non-IIM B-Schools Page 13 Placements 2011: Indian, Overseas salary details of IIM Page 14 Placements 2011: Indian, Overseas salary details of Non- IIM b-schools Page 15 Top Recruiting Companies at IIM Page 16 Top Recruiting Companies at Non-IIM B-schools Page 18Class Profile Data of B-schools IIM Class Profile 2011: Age Composition Page 19 Class Profile 2011 of Non-IIM B-schools: Age Composition Page 20 IIM Class Profile 2011: Educational Background Page 20 Non-IIM B-schools Class Profile: Educational Background Page 21 IIM Gender Profile: Class of 2011 Page 22 Non-IIM B-schools Gender Profile: Class of 2011 Page 22 IIM Class Profile: Pre-MBA Work Experience of 2011 batch Page 23 Non-IIM B-schools Class Profile: Pre-MBA Work Experience of 2011 batch Page 23 For any query please email at editor@coolavenues.com © CoolAvenues.com
  • PrefaceI take immense pleasure to present 11th edition of CoolAvenues B-School PlacementSurvey 2011 in your hand, which was jointly published by Mint Newspaper (a HT Media– Wall Street Journal partner) on 22th April 2011.The published survey at Mint Newspaper covers Placements 2011 extensively at top 10b-schools around India including IIM Ahmedabad, Bangalore, Calcutta, Lucknow, XLRIJamshedpur, JBIMS Mumbai, NITIE Mumbai, SPJIMR Mumbai, IIM Kozhikode and FMSNew Delhi, however online edition of survey covers 33 top B-schools of India (thesurvey is available at www.coolavenues.com/mba-placements).CoolAvenues.com which is one of the most popular website in India for MBA career andeducation is carrying out these Placements survey since its inception in year 2000. It firstsurvey was jointly published by Business Today as the BT-CoolAvenues.com PlacementsSurvey 2000. This is fifth year is row when Mint published CoolAvenues Survey(previous ones were published by Business Today).CoolAvenues.com Placements data is used extensively by corporate / recruiters andMBA aspirants to make their recruitment and career related choices.CoolAvenues started in year 2000, gets more than 300,000 visitors every month and ispopular destination for anything related to Management Knowledge / Career /Admissions with all leading corporates as well as B-Schools as its clients.I am enclosing copy of 2011 & 2010 survey as published in Mint newspaper. In case youhave any query regarding this data or inclusion of your institute in online edition, feelfree to reach me.Wishing you a great year aheadKanika SinghEditorCoolAvenues.comkanika@coolavenues.com / editor@coolavenues.com+91 120 4355 686 © CoolAvenues.com
  • Mint - CoolAvenues.com Annual Placement Survey 2011Mint - CoolAvenues.com Annual Placement Survey for year 2011 is out. The survey,which is now in its 11th consecutive year, has covered top ten MBA institutes offeringtwo year MBA / PGDBM program.The schools covered by survey (order does not specify ranking) are IIM Ahmedabad,Bangalore, Calcutta, Lucknow, XLRI Jamshedpur, JBIMS Mumbai, NITIE Mumbai, SPJIMRMumbai, IIM Kozhikode and FMS New Delhi.CoolAvenues.com Placement Survey aims to capture the placement process as ithappens at the top schools in India and bring out one of the most important parameterin a B-school life, though many B-schools assert or wish to say that they are not inPlacement business or Job shops. Given the fact that a B-School is all about businesseducation and the way a value of a company is captured in its balance sheet and profit& loss account similarly, value of an MBA institute can be judged by the value themarket ( the key hirers) place on the product of a particular institute and for this solereason we believe that Placements are the true yard stick to judge a school as nobuilding / infrastructure / subjective or objective component can do a justice to abusiness oriented product the way markets can do. Unfortunately, B-Schools teach thismantra all time to their students / disciples but forget when it comes applying on theirown.Mint – CoolAvenues 2011 Placements Survey captures specific b-school related dataincluding profile with minute points such as number of students actually participated,companies that recruited, Indian and overseas salary details, most popular job stream orfunction and number of students placed overseas in order to present a holistic view toits readers. Placement data of top b-schools was collected and compiledcomprehensively, comparing it with last four years data, starting from 2006.CoolAvenues.com, which pioneered the concept of Placement Survey in India, has beenconducting placement surveys from last 11 years. CoolAvenues released its PlacementSurvey in 2000, which was jointly published by Business Today as the BT-CoolAvenues.com Placements Survey. This relationship continued for eight years, withBusiness Today publishing jointly- BT-CoolAvenues Placements Surveys from 2000 to2007. Mint—A Hindustan Times and Wall Street Journal initiative, published theCoolAvenues Placement Survey exclusively in 2007, 2008, 2009 and 2010. This (2011) isfifth year in a row when Mint has published CoolAvenues Placement Survey. 1 © CoolAvenues.com
  • Click here for CoolAvenues – Mint Placements 2011 SurveyPDF 1: Mint - CoolAvenues B-Schools Placements Survey 2011PDF 2: Mint - CoolAvenues B-Schools Placements Survey 2011To read Mint epaper click hereAbout MintMint is a Hindustan Times and The Wall Street Journal collaboration launched onFebruary 1, 2007. It is an English business daily published from Delhi and Mumbai—thefinance capital of India.About CoolAvenuesCoolAvenues, founded in year 2000, is an MBA community focused website in Indiawhich caters to MBA Aspirants, B-School Students and MBA alumni. It has multiplechannels such as Jobs, Career, MBA Preparation, B-School, Knowledge Zone, Seminars& Events listing and Café. CoolAvenues main feature has been its coverage of theplacement processes of IIMs and other leading MBA institutes.B-Schools that fared well in Placements 2011Reflecting the up-surging economy, not only did IIM prove their potential in getting thebest hires for their graduating batch of 2011, but other reputed institutes did showed upto the expectations of their students, successfully placing the entire batch—except theones who deferred placements in pursuit of independent entrepreneurial ventures.Some institutes that have been moving up the popularity ladder are – IIM Shillong, DMS-IIT Delhi, SJMSOM IIT Bombay, IME IIT Kanpur, DoMS IIT Roorkee, XIM Bhubaneswar,IMI New Delhi, BIM Trichy, Great Lakes Institute of Management-Chennai, TAPMI-Manipal, and so on.These b-schools, though missed out in the Mint – CoolAvenues.com B-School AnnualPlacement Survey 2011, are no less when it comes to placements of their students. Theemerging B-schools not just recorded 100% placements; there was also a quantum jumpin salaries and total number of offers. Statistics reveal that these institutes are worthkeeping an eye. 2 © CoolAvenues.com
  • IIM Shillong, one of the youngest members in IIM family, is gradually becoming thepreferred choice of aspirants, as market value of students graduating from IIM Shillongis increasing every year.So with the Indian economy booming, and Indian management students gettinginternational recognition and acceptance, probably sky is the limit for those who dare todream big.Placements 2011 extends indefinitely at IIM AhmedabadThe campus placements at Indian Institute of Management Ahmedabad seem to be thelongest ever this year. It is for the first time in the history of this premier managementinstitute that placements had gone beyond the annual convocation, which was held onMarch 26.If official sources are to be believed, there is just one student left to be placed who has“specific profile and location preferences”. “There are enough of job offers for thisparticular student, but he has his own career choices,” said Prof Saral Mukherjee,faculty and placement committee chairperson at IIM-A. “IIM-A is providing all kind ofinfrastructural support to this student, but at the end of the day IIM-A is not aplacement agency,” added he.According to Prof Mukherjee, “The placements were much better this year and therewere many job offers."The final placement process at IIM-A began on February 12 as a cohort based placementprocess—spread across four cohorts after which it was converted into a rolling process.Prof Mukherjee said, "Placements will continue till three months after graduation or tillall students are placed after which we will release final details of placements.”Also 12 students of the post-graduate programme in management for executives (PGPX)are yet to be placed. “You look at the placement data of top b-schools overseas and youwill know that the placement for executives continue till three months after graduationand it is not just a case with IIM-A alone,” asserts Prof Mukherjee.According to a formal PGP placement release, IIM-A will be releasing placementstatistics within 3 months of convocation. The report will be as per the PlacementReporting Standards proposed this year by IIM-A. 3 © CoolAvenues.com
  • Placements 2011: Finance continues to be major recruiter,consulting followsThe economic turmoil has slowly and completely vanished from the economic circles ofIndia increasing total number of offers, recruiters, salaries, new recruiters and what notat b-schools campus placements.Unlike in the past years, when economic recession had hit the world, most of thecompanies shedding their workforce to cut cost, finding recruiters for campus hires wasa tough nut to crack. And even if b-schools managed to have some, the pay packageswere not as alluring as they had been always.When the whole world was suffering from recession, if there was something whichmanaged to survive its buoyancy was the finance sector. This year too finance continuedto be the major recruiter during final placements 2011 at b-schools around India.Major finance companies like Goldman Sachs, Nomura, JP Morgan Chase, Religare, SBIcapital, American Express, Standard Chartred, ICICI Bank, Axis Bank Barclays Capital, CitiGlobal, Deutsche Bank, HSBC Global, BofA-Merill Lynch, Morgan Stanley and OlamInternational among others recruited in good numbers.Many finance companies also offered roles at international locations like Singapore,London, Hong Kong, New York, Dubai. 4 © CoolAvenues.com
  • Finance firms dominated placements at IIM Bangalore recruiting 36 per cent of the totalbatch of 348 students, 31 per cent at IIM Calcutta, 32 percent at IIM Kozhikode, 41 percent at IIM Shillong, 36 per cent at JBIMS, 33 per cent at IIT Delhi and 33 per cent at FMSDelhi. It also dominated the campus recruitment at other IIMs and b-schools.The next top runner in terms of campus recruitment was consulting firms. Consultingmajors like BCG, Bain & Co, AT Kearney, Accenture Business Consulting, CognizantBusiness Consulting, TCS and Essex Lake group among other recruited in good numbers.Global consulting firms felt their presence at campuses around India, offering roles atinternational locations like Singapore and Sydney.Another most preferred sector was marketing/ sales/ advertising. Marketing firmsrecruited 33 per cent of batch of 203 students at FMS Delhi and 32 percent at BIMTrichy.B-School Placements 2011 HighlightsIt has been an excellent placement season at Indian Institute of Management Lucknowwith total number of offers made reaching an all time high at 528, including pre-placement offers, lateral offers and offers made during final placements.This year, the number of offers per student for a batch of 365 students who participatedin placement stood at 1.45. However, last year the figure was some where around 1.2with a comparatively smaller batch size of 315 students.A whooping 206 recruiters had visited IIM-L campus for recruitment, while the figurewas much lower last year with 121 recruiters visiting campus. The number of recruitersat IIM-L this year is the highest across all IIMs.Institute Total RecruitersIIM Ahmedabad 120IIM Bangalore 135IIM Calcutta 138IIM Indore 100IIM Kozhikode 110IIM Lucknow 206IIM Shillong 24 5 © CoolAvenues.com
  • If IIM-L had topped the list in terms of number of offers and recruiters, IIM- Bangalorehad made it big in overseas placements. The total number of overseas offers made toIIM-B students this year is 74—the highest across all IIMs (the placement data of IIM-Ahas not been released yet). IIM Calcutta closely followed IIM-B with 64 internationaloffers. In 2010, IIM-C had placed 17 students at international locations.A post graduate degree in management is usually considered a sure shot route tosuccess—success in terms of high paying salary packages. FMS New Delhi, JBIMSMumbai and XLRI Jamshedpur had made it big in terms of average salary offered to thebatch of 2011. The average salary offered by recruiters was above Rs. 15 lakhs at theseb-schools. However, NITIE Mumbai, FMS New Delhi and XLRI Jamshedpur have toppedthe list in term of salary offered to students placed overseas. The highest internationalpackage offered at NITIE and FMS is US$ 150,000, while XLers grabbed US$ 120,000.Name of the institute Average package Highest package offered offeredXLRI Jamshedpur 15.5 30FMS New Delhi 15.4 26JBIMS Mumbai 15.54 26SPJIMR Mumbai 14.07 23IIM Indore 14.06 32*(The order does not illustrate any ranking)Overall, it was raining jobs and high pay packages at b-schools around India, dependingon school’s popularity index.XLRI Placements 2011: 25% batch placed in marketing, ICICI toprecruiter with 21 offersYear 2010 marked beginning of the resurgence with Final Placements at b-schoolsaround India retaining a positive response from the recruiters. This year too finalplacement at XLRI Jamshedpur saw a keen participation from the industry.Class of 2011, with a batch size of 240 students, was placed successfully in less than fourdays. The number of recruiters visiting XLRI for campus placement this year saw a 45percent increase over last year with 109 recruiters—including lateral and final, making317 offers, i.e. 1.32 offer per student, the highest ever in the history of XLRI. Thenumber of offers per student in 2010 was 1.2. 6 © CoolAvenues.com
  • The number of lateral offers doubled than last year, but the b-school opted not todisclose the actual numbers. Average salary offered is Rs.16.5 lakhs, which has increased9.27 percent over last year’s Rs.15.1 lakhs. The institute boasted of 19.25 percentincrease in number of Pre Placement Offers (PPOs) over last year, i.e. 48 offers.The highest domestic salary offered at XLRI saw a marginal fall of around 12% comparedto last year where the highest domestic salary is Rs.23 lakhs vis a vis INR 26 lakh offeredlast year. However, the average domestic package saw a 12 percent rise over last year.The average domestic package offered in 2009 was Rs.12.12 lakhs, this increased toRs.14.2 lakhs in 2010 to Rs.15.8 lakh this year.Finance sector remained one of the top recruiters at XLRI with 25 percent offers thisyear. However, this is relatively low than that of last year, i.e. 28 percent. ICICI madehighest number of offers and with 21 offers it joined the league of top recruiters at XLRI.Students were offered varied roles in finance, marketing, HR, consulting and generalmanagement.Marketing emerged as the most sought after profile with 25 percent students acceptingroles in marketing. A significant rise in students opting consulting roles is recorded thisyear involving 25 percent students—just 10 percent students had opted for consultingroles last year.This year about 13 percent roles were offered in general management and leadership.However, according to last year’s placement data available with CoolAvenues, therewere no offers made in general management role.Global pharmaceutical major, Novartis AG offered HR Leadership Development role atBasel, Switzerland, offering highest international salary of US $120,000. This figure was$110,000 in 2009.Other recruiters who recruited this year were Goldman Sachs, Nomura Holdings, IndiaInfoline, Citibank, Standard Chartered, Axis Bank, YES Bank, SBI Capital Market,Hindustan Unilever, Cadbury, L&T and Reliance Industries Ltd, BharatiAirtel, KPMG andLenovo to name a few. Though, the numbers have not been disclosed yet. 7 © CoolAvenues.com
  • Sketching Placements 2011 at SJMSOM IIT Bombay: 10.2% hikein total offers, average salary risesFinal Placements 2011 at Shailesh J. Mehta School of Management, IIT Bombayconcluded successfully placing 94 students from a batch of 96 students, as two studentsdeferred their placements to follow other career options.This year, 62 recruiters had visited SJMSOM IIT Bombay for campus recruitment. Therecruiters made 119 offers to the 94 students who participated in the placementprocess, making 1.27 offers per student. In 2010, the total number of offers made was108, in 2009 it was 72.The average domestic salary had also increased from Rs.10.28 lakhs in 2009 to Rs.13.87lakhs this year, highest being Rs.20.5 lakh per annum.The lateral placement process kicked off in the month of December as a rolling processat SJMSOM IIT-B and the final placement process happened in the month of January wasa day process. Out of 17 Pre Placement Offers, 15 students accepted offers to join theirsummers recruiting company.Procter and Gamble, Deloitte and Accenture were the top recruiters this placementseason with 7 offers each, closely followed by ICICI and Yes Bank making 5 offers each.Consulting had been an all time favorite of students at SJMSOM IIT-B. This year, 27 percent of the batch got placed in consulting sector—in 2010, 26 per cent had opted forconsulting roles. 8 © CoolAvenues.com
  • Students had various consulting roles from the likes of Ernst & Young, KPMG, PwC,Accenture, Deloitte, Capgemini Consulting, Avalon Consulting, Bristlecone, Cognizantand Global eProcure.The second top recruiting sector at SJMSOM IIT-B is Banking and Financial Services with22 percent of batch opting for it. The BFSI sector is represented by domestic andmultinational giants like JP Morgan Chase, Citibank, Nomura, CRISIL, JM Financial, HSBC,ICICI, Yes Bank to name a few. Sector % of batch placedBanking / Financial Services 22FMCG 20IT / Software Services 15Engineering / Diversified (Manufacturing) 14Others (Telecom, Logistics, Media) 2There is a remarkable rise in the number of Leadership & General Management profilesbeing offered to the students. An increasing preference to profiles and growth prospectsover the pay packages is seen among the students.Placements 2011 Data of B-schoolsFunction wise placements data of IIMNote: - The Institute name order does not indicate any rank whatsoever. Function-wise placement details have been provided by the institute and have not been verified with Recruiters. The data included in the survey is only for the flagship programmes of the institutes. 9 © CoolAvenues.com
  • Placement 2011: Function wise Split at Non-IIM B-schools The Institute name order does not indicate any rank whatsoever. Function-wise placement details have been provided by third party and have not been verified with Recruiters. N.A. = Not applicableOverseas Placements at IIMNote: - 10 © CoolAvenues.com
  • The Institute name order does not indicate any rank whatsoever. Overseas Offer details have been provided by the institute and have not been verified with Recruiters. The data included in the survey is only for the flagship programmes of the institutesOverseas Placements at Non-IIM B-schoolsNote: - The Institute name order does not indicate any rank whatsoever. Overseas Offer details have been provided by the institute and have not been verified with Recruiters. The data included in the survey is only for the flagship programmes of the institutes. 11 © CoolAvenues.com
  • Pre-Placement offers at IIM The Institute name order does not indicate any rank whatsoever. Pre-Placement Offer details have been provided by the institute and have not been verified with Recruiters. The data included in the survey is only for the flagship programmes of the institutes. NA: Not Available; ND: Not Disclosed 12 © CoolAvenues.com
  • Pre-Placement offers at Non-IIM B-Schools The Institute name order does not indicate any rank whatsoever. Pre-Placement Offer details have been provided by the institute and have not been verified with Recruiters. The data included in the survey is only for the flagship programmes of the institutes. 13 © CoolAvenues.com
  • Placements 2011: Indian, Overseas salary details of IIMNote: - The Institute name order does not indicate any rank whatsoever. Salary details have been provided by the institute and have not been verified with Recruiters. N.A. = Not Applicable. N.D. = Data not disclosed to us. The data included in the survey is only for the flagship programmes of the institutes. 14 © CoolAvenues.com
  • Placements 2011: Indian, Overseas salary details of Non-IIM b-schools The Institute name order does not indicate any rank whatsoever. Salary details have been provided by the institute and have not been verified with Recruiters. N.A. = Not Applicable. N.D. = Data not disclosed to us. The data included in the survey is only for the flagship programmes of the institutes. 15 © CoolAvenues.com
  • Top Recruiting Companies at IIM © CoolAvenues.com 16
  • Note: - The Institute name order does not indicate any rank whatsoever. Offer details have been provided by third party and have not been verified with Recruiters. Here "companies" referes to those companies who registered for the placement process and recruited students. 17 © CoolAvenues.com
  • Top Recruiting Companies at Non-IIM B-schools © CoolAvenues.com 18
  • The Institute name order does not indicate any rank whatsoever. Offer details have been provided by third party and have not been verified with Recruiters. Here "companies" referes to those companies who registered for the placement process and recruited students. N.D. = Data not disclosed to us.Class Profile Data of B-schoolsIIM Class Profile 2011: Age CompositionNote: - The Institute name order does not indicate any rank whatsoever. The age details have been provided by the concerned institutes. The data included in the survey is only for the flagship programmes of the institutes. © CoolAvenues.com 19
  • Class Profile 2011 of Non-IIM B-schools: Age CompositionNote:- The Institute name order does not indicate any rank whatsoever. The age details have been provided by the concerned institutes. The data included in the survey is only for the flagship programmes of the institutes.IIM Class Profile 2011: Educational Background © CoolAvenues.com 20
  • Note: - The Institute name order does not indicate any rank whatsoever. The educational background details have been provided by the concerned institutes. The data included in the survey is only for the flagship programmes of the institutes.Non-IIM B-schools Class Profile: Educational BackgroundNote: - The Institute name order does not indicate any rank whatsoever. The educational background details have been provided by the concerned institutes. The data included in the survey is only for the flagship programmes of the institutes. © CoolAvenues.com 21
  • IIM Gender Profile: Class of 2011Note: - The Institute name order does not indicate any rank whatsoever. The gender related details have been provided by the concerned institutes. The data included in the survey is only for the flagship programmes of the institutes.Non-IIM B-schools Gender Profile: Class of 2011Note: - The Institute name order does not indicate any rank whatsoever. The gender related details have been provided by the concerned institutes. The data included in the survey is only for the flagship programmes of the institutes. © CoolAvenues.com 22
  • IIM Class Profile: Pre-MBA Work Experience of 2011 batchNote: - The Institute name order does not indicate any rank whatsoever. The work-experience related details have been provided by the concerned institutes. The data included in the survey is only for the flagship programmes of the institutes.Non-IIM B-schools Class Profile: Pre-MBA Work Experience of2011 batch © CoolAvenues.com 23
  • Note: - The Institute name order does not indicate any rank whatsoever. The work-experience related details have been provided by the concerned institutes. The data included in the survey is only for the flagship programmes of the institutes.All rights are reserved with CoolAvenues.comMint – CoolAvenues.com Annual Placements Survey 2011 is protected by copyrightlaws. Hence, any kind of reproduction—partial or complete, is not allowed by thepublisher.In case you have any queries, kindly get in touch with editor@coolavenues.com or call CoolAvenues.com +91-120-435-56-86 © CoolAvenues.com 24