IMT Ghaziabad Changes Policy & Allows Multiple Offers to Meet Corporate Demand in Campus Placements

2005 January was re-lived at IMT Ghaziabad campus on 10th of January 2006, when there was a repeat show of 100% placement in a span of few hours. Entire batch of 173 students in PGDBM, MHRM and MIB got placed on the Day One of Placements 2006. On the Day One, it took few hours to place 117 students of PGDBM and 28 students of MHRM. IMT Ghaziabad launched a new course of ‘Masters in International Business’ in 2004. The first graduating batch was welcomed by Industry in the form of recruiting them all in a span of few hours.

In total, 91 companies showed interest in recruiting from IMT this year. However, only 56 companies could hire IMT students, and another 35 of them had to return empty-handed, since the students had already accepted offers from other companies.

"We nurture one of the best talent pools in this country, and we are sure, our friends from Corporate will come back next year to hire in even larger numbers," said Prof. Nilanjan Chattopadhyay, Chairman-Placements of IMT Ghaziabad.

IMT follows a policy of 'One student-one offer'. However, looking at the demand from corporate, for the first time this year, multiple offers were allowed for the lateral candidates. 15 offers were made for 6 lateral candidates, making it to 2.5 offers per candidate, who opted for multiple offers.

For the PGDBM batch, the Maximum Indian Salary offered was Rs. 9.25 lakhs p.a. by Genpact and the Minimum Salary was at Rs. 3 lakhs p.a. This year the average compensation touched Rs. 7.35 lakhs p.a., including four International offers given by Olam International of $85,000 each. This was a jump of over 15% on the last year average compensation package.

The Human Resource batch saw an average salary of Rs. 5.4 lakhs p.a. with the maximum package of Rs. 7.83 lakhs p.a.

It was roaring success for the first batch of International Business students, with the average compensation package at Rs. 5.03 lakhs p.a.

Apart from the regular recruiters like Becton Dickinson, Bharti Televenture, Citibank, Dabur, GE, Henkel India, Kotak Mahindra Bank, Olam International, Radio Mirchi, Reebok, Satyam Computers, Seagram, Wipro Technologies to name a few, IMT Ghaziabad this year, saw a series of big brands coming for the first time, or after a long gap. These were like Axis Risk Consulting, Cognizant Technologies, Dr. Reddy's Lab., Ernst & Young, ICI Paints, Indian Oil Corporation, JP Morgan, Maruti Udyog, MindTree Consulting, Nestle, Perot Systems, Reckitt Benckiser, SAB Miller.

This year the North, South and West zones of India gave almost equal number of job offers, re-establishing the national reputation that IMT Ghaziabad enjoys among recruiters.