Business graduates are on a high with campus placements

Sudents from the Department of Management Studies at the University of Madras are confident of 100% placement this year. “This is normally the case. But two years ago, we registered only 80% placement. We have two placement sessions; the first one ends by December and the second goes on from January to March. More companies have approached the campus this year. L&T ECC, Coffee Day-Beverages section and Software Paradigm International, Mysore were a few of the new companies which came this year,” said placement coordinator Pushpa Bhagyam.

CAT pi questions with answers

With companies slated to come in the first week of March as well, representatives from the department said they do not yet have a fix on the highest salary offered this year. “However, the minimum salary has gone up from Rs 2.5 lakh last year to Rs 3.5 lakh this year. The highest salary given out last year was Rs 6.5 lakh. About 15 students of the batch of 84 have also opted for higher studies,” she said.

The Loyola Institute of Business Administration (LIBA) authorities said the quantity and the quality of profiles have gone up. “In addition to more companies visiting the campus, the quality of job profiles offered by them has also gone up. For instance, we are increasingly getting marketing profiles and more openings for the financial sector in areas like investment banking,” said Jayaram K Iyer, professor of marketing, LIBA.

Attributing the increase in salaries to companies performing better, he said the highest salary on offer went up to Rs 15 lakh this year compared to Rs 11 lakh last year. The average salary had also risen from Rs 7.5 lakh to Rs 8.3 lakh in 2011, Iyer said.

Similar trends have been observed in the placement process of the Department of Management Studies at IIT-Madras where the average salary offered had increased from Rs 8.35 lakh in 2010 to Rs 9.23 lakh in 2011. The highest salary offered also rose from Rs 12 lakh to Rs 14 lakh this year.

According to the placement report of the department, 31% of the profiles offered last year were from the consulting sector with companies like Deloitte, KPMG and Avalon Consulting. This trend registered a change with firms from the supply chain management (SCM) domain and workforce management like Citibank, P&G, Daimler and SCOPE International, were the key recruiters this year, the report said.

IIM Lucknow Placements 2011

The batch of 366 students (99 more than those graduating in 2009), a total of 206 companies made offers making it the largest placement process this year across the IIMs in terms of the number of candidates placed successfully. These companies made a total of 528 offers. Of the total offers made, 70 were pre-placement offers, 213 lateral offers for higher entry placement, and 245 made during the final placement week. Moreover, 53 companies were first time recruiters at IIM-L.

The key sectors in which the recruitment took place were Consulting, Finance, Sales and Marketing, IT and Telecom industry. The Consulting sector saw 82 recruitment.
The final Placements of IIM Lucknow have been concluded with 100 per cent placements. The B School has received total 528 offers for the batch of 366. IIM Lucknow mentions that by far, this is the largest graduating batch to be placed across all IIMs. Among the offers made, there were 70 Pre Placement Offers (PPOs), 213 lateral offers and 245 offers in the Placement week.

A total of 206 companies participated in the placement process. Out of them 53 companies were first time recruiters. Among the key recruiters were Accenture, Avendus Capital, Capgemini, Citibank, Kraft Foods Cadbury, Deloitte, Deutsche Bank, Ernst & Young, Hindustan Unilever, ITC, KPMG, McKinsey and Co., PricewaterhouseCoopers, Procter & Gamble, Tata Administrative Services and The Boston Consulting Group.

Finance firms have made a comeback in a big way. The positions offered by the banks and financial firms were in areas of investment banking, proprietary trading, treasury, and global risk management to name a few. Prominent financial firms include Amex, Avendus Capital, Axis Bank, Baring Private Equity Partners, CRISIL, DBS, Edelweiss, Futures First, Goldman Sachs, HSBC, HDFC Bank, ICICI Bank making 22 offers (after Deloitte), ICICI Prudential, IIFL, Indus Valley Partners, JM Financial, JP Morgan, Karvy, Kotak Wealth Management, Nomura, SBI Capital, Standard Chartered and Yes Bank.

Finance firms have made a comeback in a big way. The positions offered by the banks and financial firms were in areas of investment banking, proprietary trading, treasury, and global risk management to name a few. Prominent financial firms include Amex, Avendus Capital, Axis Bank, Baring Private Equity Partners, CRISIL, DBS, Edelweiss, Futures First, Goldman Sachs, HSBC, HDFC Bank, ICICI Bank making 22 offers (after Deloitte), ICICI Prudential, IIFL, Indus Valley Partners, JM Financial, JP Morgan, Karvy, Kotak Wealth Management, Nomura, SBI Capital, Standard Chartered and Yes Bank.

In Sales and Marketing sector, the key recruiters were Asian Paints, Aviva, Britannia, Castrol, Dabur, GSK Consumer, Hindustan Unilever, ITC, Johnson & Johnson, Kraft Foods Cadbury, Marico, Nokia, Pepsi, Procter & Gamble, Ranbaxy, Raymond and Reliance among others. Conglomerates such as Adani Group, Aditya Birla Group, Mahindra & Mahindra, Jindal Group, Larsen & Toubro, RPG and Suzlon were prominent recruiters. Asian Paints, L’Oreal, Olam International, Philips and Target offered lucrative Supply Chain Management profiles.

Firms in the IT sector that offered roles were iGATE, Infosys, MindTree, Wipro and TCS among others. Recruiters in the Telecom industry are the top companies in the sector such as Aircel, Bharti Airtel and Vodafone.

Among the 53 first time recruiters, the companies included Amazon, BMGI, Bloomberg, Comviva, Coromandel, Deutsche Post DHL, Ford, Fujitsu Consulting, Google, HP, IndusInd Bank, JFS, Lenovo, Microsoft IDC, Nereus Capital, Panasonic, Planet M, Star CJ, Subros, Tally Solutions and The Nielsen Company among others.

Domicile certificate mandatory in Maharashtra

Domicile certificate is a key document that enables its holder to prove that he/she is a resident of the state, which has issued the certificate, either by birth or for a period in excess of 15 years in case of Maharashtra. The document enables the holder to avail of the domicile/resident quotas extended by the concerned state in education and jobs, among other things. The district collectors are the issuing authority for domicile certificates.

The latest notification, however, clarifies that a domicile certificate won’t be required in the case where a student has cleared Std XII as well as Std X from the state. However, “students, who are not residents of the state, won’t be eligible for the health science courses even if they have passed their Std XII from Maharashtra.”

On Friday, the state government released a notification specifying details of distribution of the MHT-CET application forms, besides the eligibility norms and allied matters.

The mandatory domicile provision for students, having done their SSC from outside Maharashtra, was introduced last year, primarily to curb the outside students from cornering a bigger share of professional seats at the expense of the students from Maharashtra.

For engineering and pharmacy courses though, the outside Maharashtra state (OMS) students will be permitted to appear for the MHT-CET to attain eligibility of admission to the first-year degree courses. However, the eligible OMS candidates for engineering courses will be considered for admission against the institute-level seats only at private unaided colleges. Similarly, OMS candidates for pharmacy courses will be considered for admission to the 15 per cent OMS quota through the round I and II of the centralised admission process, to be conducted by the state director of technical education, the notification states.

The move drew widespread protests from students, not meeting the domicile norm, and even prompted a PIL in the Nagpur bench of the Bombay high court, following which the department of higher and technical education agreed to relax the norm for engineering courses.

Medical degree course aspirants, who may have passed Std XII from Maharashtra but Std X from outside the state, will have to furnish a domicile certificate to be able to appear for the ‘MHT-CET 2011’, the combined entrance exam for health sciences, engineering and pharmacy courses, scheduled for May 12.

Similarly, students who clear their Std XII from outside Maharashtra, won’t be eligible for the health science courses irrespective of their domicile status as a citizen of the state, the notification states. The government has made exceptions to this clause in the form of the defence candidates; students from the Maharashtra-Karnataka Border Area; children of employees of the central, state and Union territories governments.

Meanwhile, the MHT-CET 2011 application forms will be distributed from March 23 to 31 through the respective high schools and junior colleges. The government has also assigned divisional authorities to enable the OMS candidates secure the application forms by submitting a demand draft of Rs 700 in favour of the ‘Competent Authority, MH-CET, Mumbai’ payable at Mumbai and drawn on any scheduled commercial bank.

 

Though the domicile rule had been introduced for the engineering courses last year, it has been introduced for the medical courses too this year. Now those who want to pursue health sciences courses but have not cleared their standard XII exam from the state will have to submit domicile certificate in order to become eligible for Maharashtra Health and Technology Common Entrance Examination (MHT-CET) from this year onwards.

As per the notification for MHT-CET, 2011 issued by Directorate of Medical Education and Research ( DMER), those not appearing for std XII exam from the state would be barred from taking admissions in the health science courses offered by government/university-run medical colleges. As per para no 4.5 of the notification “the candidate must have passed the qualifying (HSC/std XII) or equivalent examination from an institution situated in the State of Maharashtra, with English, physics, chemistry and biology (botany and zoology) as subjects, at the time of admission”.