Another Successful Year for Placements at IMI, India

The full time Post Graduate Programme in Management (PGP) at IMI has again reported strong placement of its 2006 graduating class.

New Delhi, January 17, 2006: India's first corporate-sponsored Business School, International Management Institute (IMI) once again emerged as one of the favorite hiring management schools by the corporate houses with its entire batch of 118 students of the class of 2006 getting job offers within hours from the scheduled start of 9th January 2006.

With average salary of Rs. 6,37,482 per annum, the highest salary offer was of Rs. 8.13 lacs per annum by ITC. While companies like Citi Group and Infosys offered a package of Rs. 6.5 lacs to Rs. 7.2 lacs per annum. The Citigroup (Citibank, Citicorp, Citifinancial) jointly made 20 offers, emerging as the single largest recruiter for the second consecutive year. Infosys with 9 offers and JP Morgan Chase with 7 offers were the other prominent recruiters.

Other prominent recruiters who recruited the students from IMI included Ernst & Young, JP Morgan Chase, DHL, CB Richard Ellis, Progeon, Career Launcher, DSCL, HCL, IMRB, RocSearch, SAB Miller, Axis Risk Consultants and Newgen.

"If we see from the sector point of view, more of our students were hired by the Consulting and the Knowledge based companies. However, banking & financial services have continued to dominate the hiring process with CitiBank, HDFC, Standard Chartered, HSBC AMC and Citifinancial hiring in significant numbers," said Prof. M. M. Anand, Chairperson, Placement Committee, IMI.

The other emerging sector - Insurance - was represented by ICICI Lombard, Prudential and IFFCO Tokio. CEAT, Blowplast and JK Group represented the consumer durable segment, whereas DHL and TNT's presence indicated the growth of the logistics sector.

The India Today Group, Radio Mirchi. ABP Ltd. and Dish TV represented media while Maruti and Tata Motors represented the automobile segment. The knowledge sector was represented by McKinsey Knowledge Center, Pipal Research, Pulsar Knowledge Center, among others. Several employers had to return empty handed.

The year 2006 also witnessed a significant increase in the number of pre-placement and lateral offers.

Placements at a Glance

• Entire batch of 118 students placed within hours with a number of students having more than one offer.
• Over 65 companies participated in the recruitment process.
• Many companies including Ernst and Young, JP Morgan Chase, Citicorp, DHL, Infosys visited the campus for the first time.
• Highest salary was 8.1 lakhs (gross) per annum by ITC.
• Average salary rose to Rs. 6,37,482.
• Citigroup - Single largest recruiter with 20 offers followed by Infosys with 9 and JP Morgan Chase with 7 offers.
• Significant increase in PPO / Lateral offers.