Goa Institute of Management

Goa Institute of Management Sees Substantial Increase in Pay-packets in Final Placements

Goa Institute of Management has done in 12 years what others could do after decades, offering great managers to industries from all sectors. Industries' faith in one of India's premier B-schools was evident with the average pay-package offered this year increasing substantially over last year's offerings. Nearly half the batch of 104 students was placed within few hours of the placement week, some companies had to leave empty-handed.

71 companies were scheduled to participate in the placement process but only 38 companies could recruit students and the rest had to leave empty-handed. The various verticals and companies in which jobs were offered were: -

Consulting: Erix Advisors

IT / ITES: IBM, Cognizant, Infosys, Wipro, PCS, iGate, HCL, Satyam, Cranes Software, TATA Technologies.

Banking & Financial Services: ICICI Bank, HDFC Bank, ICICI Lombard, ICICI Prudential, B&K Securities, Kotak Securities, SBI Mutual Fund, SBI Life Insurance, ING Vysya.

FMCG & Consumer Durables: UB Group, Usha International.

Others: Zee Telefilms, Nicholas Piramal, Shoppers Stop, VSNL, GENPACT, Pantaloon, IMRB, IFFCO TOKIO.

Companies made pre-placement offers even before the D-day, to students who had completed their summer projects with them. The average salary increased this year to Rs. 5.66 lakhs as against Rs. 3.77 lakhs last year. The highest pay package was offered by Erix Advisors for Risk Management Consultant Profile of Rs. 8.5 lakhs (gross). There were total 139 offers for a batch of 104 students. Infosys was the largest recruiter with 14 people receiving offers. This was closely followed by Tata Technologies and ICICI Lombard with 10 offers each. The institute had many new entrants like Infosys, iGate, Cognizant Technology Solutions, IBM Global Service, ICICI Bank, VSNL, GENPACT & Sify. The other major recruiters included Wipro Technologies, UB Group, Pantaloons and Satyam.

"Though the economy has risen but it is the hard work put up by the student committee and the placement cell that has brought a new paradigm for placement this year," said one of the students, attributing success for the placements this year. The institute has been rising from its ranks to be one of the best B-schools of the country imparting MBA education. The results are evident from the placement results and the comments of the industry personnel, who rated the student to be the best in their respective fields.

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