Placement Report - 2008
Symbiosis Institute of Business Management (SIBM) has scaled new heights with the successful close of the Campus Recruitment Programme 2007 - 08.
9th of January 2008 saw the dreams of the MBA Batch of 2008 turning into reality. SIBM rescripted records with a staggering 233 offers being made to 166 students. Varied sectors participated in the recruitment drive ranging from Consulting, FMCG, Banking & Financial Services, IT & ITES, Manufacturing & Consumer Durables, Telecom to Automobile, Retail, Media and Advertising, amongst others.
A total of 93 recruiters spanning domestic geographies as well as international recruiters, participated to recruit the best management talent available. The average number of offers standing at 1.4 offers per student gave students an ample choice amid offers.
New Recruiters
Along with the regular recruiters such as Asian Paints, Dabur, Godrej Industries, IBM, ITC, Infosys Technologies, Intel, JP Morgan Services and Wipro; this year was marked by the participation of new global recruiters like Jumbo Electronics and Protiviti Inc., with our long term relationship with Olam International still standing. The campus saw a spate of new domestic recruiters across various sectors like Barclays Bank, Birlasoft India, Cummins India, CFC International, Essar Group, GE India, Hewitt Associates, Mu Sigma Business Services, Oracle India, Pepsico, PricewaterhouseCoopers, Sun Microsystems, Sybase, Virgin Mobile and UBS, to name a few. The Consulting space saw increased participation with recruiters like Avalon Consulting, Capgemini Consulting, Hewitt Associates, Mercer, Mu Sigma Business Services, PricewaterhouseCoopers and Protiviti Inc.
The average compensation touched a new pinnacle of Rs. 10.38 lakhs p.a., which was an increase of 20% over the previous year’s record and median compensation stood at Rs 9.62 lakhs p.a. The highest international offer was made by Olam International at $85,000, while the highest domestic offer stood at Rs. 14 lakhs p.a., which was up by nearly 35% from last year’s level. The lowest accepted salary was Rs. 7 lakhs p.a. The number of offers above Rs. 10 lakhs p.a. touched an incredible figure of 53.
International Offers
The Campus Recruitment Programme this year reinstated the competence of SIBM students in the global corporate scenario. First timers, Jumbo Electronics and Protiviti Inc., with our regular recruiter Olam International made 11 offers. The profiles offered were for positions in Africa, Dubai, Kuwait, and Singapore.
Lateral Offers
To cater to the demand of management students with work exposure, SIBM conducted a separate placement term to leverage on their prior work experience. Lateral students, with experience in sectors as diverse as IT & ITES, Banking & Financial Services, FMCG and Manufacturing were made offers from Avalon Consulting, Birlasoft, Capgemini, Cognizant Technology Solutions, Cummins India, CFC International, Grow Talent, HCL Technologies, Infosys Technologies, IBM India, KPIT Cummins, Patni Computer Systems, PricewaterhouseCoopers and Sun Microsystems. A total of 70 lateral offers were made, out of which 43 were accepted.
FMCG
The major FMCG players participated in the recruitment process, vying for their share of SIBMites. These included Agro Tech Foods, Asian Paints, Castrol, Coca-Cola India, Dabur, GlaxoSmithKline, Godfrey Philips, Heinz, Godrej Industries, ITC, L’Oreal, Pepsico, Perfetti Van Melle, Reckitt Benckiser and SABMiller. Over 12% of the batch got recruited into FMCG sector.
IT & ITES
The response in this sector was overwhelming. A total of 62 offers were made. The participants in this sector included 3i Infotech, Birlasoft, Cognizant Technology Solutions, Hewlett Packard India, HCL Technologies, Infosys Technologies, Infosys BPO, Intel, IBM India, Oracle India, Patni Computer Systems, Satyam Computer Systems, Sun Microsystems, Sybase, and Wipro. More than 22% of the batch accepted offers in this sector.
Consulting
The first time recruiter PricewaterhouseCoopers made an astonishing 11 offers. The others were Avalon Consulting, Capgemini Consulting, Grow Talent, Hewitt Associates, IMRB International, Mercer, Mindtree Consulting, and Mu Sigma Business Solutions. The international offers in this sector were made by Protiviti Inc.
Banking & Financial Services
This sector saw new relationships being established with esteemed organizations like Barclays Bank, JM Financial and UBS India Services and strengthening of relationships with our past recruiters like BA Continuum, CFC International, Fidelity Business Services, HSBC Bank, HSBC Asset Management, JP Morgan Services, Kotak Mahindra, Morgan Stanley Advantage Services, SEBI, STCI and Tata Capital.
Telecom
This booming sector saw increased participation and first time recruiter Virgin Mobile. Our previous recruiters like Bharti Airtel, Idea Cellular and Vodafone provided support and showed confidence in the students of SIBM once again.
Manufacturing
Participation from the core manufacturing industries and consumer durables saw an upward swing and promised to be a strong recruiter in the years to come. Cummins India, Goodyear, Mahindra & Mahindra, Tata Motors and Whirlpool were the star recruiters in this arena.
| Campus Recruitment Progrmme '08 - At a Glance | |
| Number of candidates: | 166 |
| Number of offers made: | 233 |
| Number of Lateral Offers made: | 70 |
| Number of Lateral Offers accepted: | 43 |
| Average Domestic Salary: | Rs.10.38 Lakhs p.a. |
| Median Domestic Salary: | Rs. 9.62 Lakhs p.a. |
| Maximum Domestic Salary Offered: | Rs. 14 Lakhs p.a. |
| Maximum International Salary Offered: | $85,000 |
| Sectors | Percentage |
| Banking & Financial Services | 24 |
| IT & ITES | 22 |
| Consulting | 15 |
| FMCG | 12 |
| Manufacturing | 11 |
| Telecom | 11 |
| Others | 5 |
Click here to view table of this year's recruiters