(News) IIT Kharagpur grad gets $80,000 offer
IIT Kharagpur’s Vinod Gupta School of
Management (VGSOM) has wrapped up Vantage 2008, its annual recruitment
programme, on a high note with a 30% increase in the average compensation levels
offered to the 121-strong batch, reports Sreeradha D Basu in Kolkata. The
highest international compensation of $80,000 (Rs 32 lakh approximately) this
time around beats last year’s Rs 13 lakh, with an increase of over 146%.
This huge jump can be attributed to the fact that it is the first time in IIT
Kharagpur’s history that students have been allowed to take up foreign
placements by companies. “We, in fact, had a documented policy of not allowing
foreign placements. This was overturned last year,” GS Sinha, former IIT
Kgp’s placement in-charge, said. “Since all the other IITs were already
allowing this, we wanted it to happen at IIT-Kharagpur as well,” he added.
“Since we got the permission a bit late last year, the kind of active
marketing that was required did not happen. This year, we plan to plug into our
alumni network and scale up the process in a much bigger way,” said Prof
Sinha.
The top domestic compensation this year came in at Rs 18 lakh per annum. While
the domestic average stands at Rs 11.44 lakh pa, the median is an impressive Rs
10.32 lakh pa. The roles offered to students ran the gamut from global
leadership, management consulting, investment banking, corporate planning &
strategy, brand management and real-estate consulting to equity research,
knowledge management, SCM consulting, treasury, risk management and product
merchandising.
Around 30% of the batch bagged PPOs (pre-placement offers) from renowned names
like Barclays Capital (Singapore), A&J Consulting (USA), Citigroup, Ernst
& Young, PwC, ITC, RPG and Yahoo, following the six-month internships
offered by VGSOM. First-time recruiters who thronged VGSOM included the likes of
Lehman Brothers, Yes Bank, Knox Capital, Angel Broking, Schlumberger, Deloitte
Consulting, Avalon Consulting, Eicher Consulting, MarketRx, Heinz, Bombay
Dyeing, Maytas, i2 technologies and Reliance ADAG.
Consulting biggies like Pricewaterhouse Coopers, Ernst & Young, Accenture,
Avalon, and Deloitte participated in the process along with niche consulting
majors like Eicher Consulting, i2 technologies and Bristlecone (SCM Consulting),
MarketRx and Headstrong.
The finance sector had diverse representation through Lehman Brothers, Yes Bank,
Citibank, HSBC, Irevna, STCI, Infosys BPO, Knox Capital, AnandRathi, ICICI Bank
and ICICI Prudential. Marketing profiles were in plenty as well, with offers
from ITC, Vodafone, Heinz, RPG, Bombay Dyeing and Reliance ADAG.
Students preferred sunrise sectors like real-estate (Jones Lang LaSalle
Meghraj), retail (Spencers) and infrastructure (Maytas Infra) over the
traditional ones. IT sector recruitments had strong growth through interesting
profiles offered by IBM, Tech Mahindra, Wipro, Infosys, HCL Technologies, NIIT
Technologies, Maverick Systems, Aricent, Evalueserve and EDS. Operations’
profiles were offered by Schlumberger, ITC, Voltas, Tata Motors and Ashok
Leyland.
Courtesy : economictimes.indiatimes.com
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