As it prepares to start a year-long celebration on the occasion of its 40anniversary, the Indian Institute of Planning and Management (IIPM) — established in 1973 — has announced the campus placement results for its class of 2010-12. The institute has already placed 3,491 students with both domestic and international companies this year.
The recruitment process that kicked off in September 2011, saw the participation of different industries, including FMCG, banking, IT/ITES, telecommunication, real estate and automotive, among others.
Overall, the average package offered to the class of 2010-12 has increased by 20% compared to last year — Rs 6.25 lakh for students of IIPM's flagship programme; Rs 4.5 lakh for its non-flagship ISBE programme ; Rs 12 lakh (international average package); Rs 16 lakh (domestic level) by Kapston Facility Mgt Pvt Ltd and Rs 7 lakh for ISBE students. The highest international package offered by Al Mashriq LLC, Dubai, this year is Rs 18 lakh.
Arindam Chaudhuri, honorary dean of IIPM Think Tank, says, "With more than 90% of the class already placed, we are set to achieve our target of 99% plus placements this year. The placement cell at IIPM has more than 100 people working round the clock and around the globe."
Preet Singh Chawla, who bagged the highest domestic package credits says, "A blend of intellect and fun and an amalgamation of good faculty and an interactive and application-based teaching style has been part of my journey."
This year, recruitment companies like Citibank, Standard Chartered, HDFC Bank, Colgate and Palmolive, Canon India, HSBC Investments, Ernst & Young, Indiabulls Investments , ICICI Group, Mahindra and Mahindra Group, Aditya Birla Group, Vodafone, Airfone China, Reliance ADAG Group, TAJ Group of Hotels, IGate Technologies , HP, Zee Enterprises, UB Group, Jet Airways, Copal Partners, DLF Group, American Express and RR Donelley, to name a few, visited the campus. International companies visiting the campus included First Gulf Bank, Jumbo Electronics Dubai, LandMark Retail and Al Abbas Group Dubai.
One of the top recruiters in 2012, Rachit Mehra, unit head-acquisitions , Barclays Bank PLC said, "It has been a short association , but IIPM has a good talent pool."
While three-fourth of IIPM's students opted for marketing and sales functions, Rajat Shukal, dean placements-All India, shared, "The BFSI sector was the largest contributor to the service sector of the economy, followed by IT/ITES where the market sentiment has been traditional due to international markets being conservative about growth. But, with the elections this year, in almost 12 countries, with high government budgets, this sector also has seen a surge in hiring."
Real estate and infrastructure development companies were the new entrants this year and proved to be a prominent sector vis-a-vis placements.
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