Archive for the ‘Summer Placements’ Category
Over 100 companies offer summer placements at IIM-Kozhikode
The summer placements process at the Indian Institute of Management, Kozhikode (IIM-K), saw more than 100 companies offering internships across various verticals to all the 343 students of the 15th batch of the flagship Post Graduate Programme.
The placements were the highest in the sales and marketing vertical with around 30% of the students opting for it, followed by finance (25%), consulting (20%), general management (15%) operations (5%) and IT and HR (5%). More than 35 companies were participating in the process at the institute for the first time, according to the IIM-K Media Cell.
First timers like TAS, CLSA, Societe Generale, Amazon, Avalon Consulting, Macquarie Capital, Yahoo, Dabur, RPG Group, Mentor Graphics, Dawn Consulting, Ittiam Systems, UAE Exchange and Herbz offered senior roles at foreign locations Hong Kong, London and Dubai.
In the sales and marketing vertical, the FMCG sector attracted the largest number of students with companies such as HUL, ITC, Marico, Reckitt Benckiser, PepsiCo, Asian Paints, Johnson & Johnson, Kellogg, Heinz, Perfetti, Hindustan Coca-Cola Beverages, Dabur and Brittania making good offers. Besides, Bharti Airtel in the telecommunications sector; GSK Pharma and Medtronics from the pharmaceuticals sector; and Titan and Wilderaft from fashion and lifestyle also offered roles in the marketing vertical.
In the finance vertical, investment banks and other financial institutions made a higher number of offers than last year despite concerns over recessionary trends felt in the European markets. The offers, covering asset management, equity markets and investment banking, came from entities such as Deutche Bank, JP Morgan Chase, Nomura, Macquarie Capital, American Express, Standard Chartered Bank, HSBC, Citibank, Goldman Sachs and Edelweiss. Also Indian banking majors such as ICICI Bank and Axis Bank offered commercial banking opportunities to the students.
Strategy and business consulting, one of the most sought-after verticals in recent times, was another area where a large number of students accepted offers from recruiters such as Deloitte Consulting, Cognizant Business Consulting, Nodwin, Wipro Consulting and MindTree. This apart, business development and IT consulting roles were also in demand with companies such as Infosys, TCS, Aricent, Genpact and Wipro making offers in the segment.
Source: The Hindu Business Line, November 8, 2011
B-School’s plan to make summer internships optional falls flat
The scheme permitting students with some work experience to opt out of the summer internships has found few takers at the Indian Institute of Management, Bangalore (IIM-B). The institute recently announced that students with work experience of over 34 months have an option to work on other projects in campus or outside, or pursue other plans during April-May, the period when students usually take up summer internships “but very small number has opted out of internships so far”, Ms. Sapna Agarwal, Head, Career Development Centre at IIM-B, told Business Line. “Students with prior work experience still want to do summer internships,” she said.
This is the first year this option has been given to them and we have given them time to decide, and we might have a few more opting out, but “there aren’t too many,” she said. Those who opt out do so because they have other plans like ideate a start-up, or work on a project, and those who have been associated with start-ups might go back there to contribute, Ms. Agarwal said. About 25 per cent of the 375 students in the current batch have work experience of over 34 months.
Summer internships, for eight weeks during April-May, are otherwise compulsory for all first-year students pursuing the post-graduate programme at IIM-B. They form an important part of the postgraduate programme as several students are made pre-placement offers by the companies they have interned in.
The summer placement for the students of the first year of the post graduate programme begins on November 9. This year, IIM-B has seen more companies – about 150 – registering for the summer placements, with about a 100 having already completed the pre-placement-talks. Also, this year, companies from the online marketing sector and several start-ups have come to campus for placements along with companies in the management consulting, finance, healthcare and retail sectors.
Source: The Hindu Business Line, November 3, 2011
B-schools cheer return of companies
Top private B-schools have reasons to cheer with the summer internship scenario hotting up. Institutes have managed to rope in big players from both domestic and international companies across the spectrum, despite the slowdown fears.
“We began our summer placements last week. We are focussing more on engaging companies on campus through leadership talks or case study activities this year. This gives the companies a chance to visit the campus and engage with the students in live projects and assess them. It is proving to be a better tool,” said a placement committee member from the Bhubaneshwar-based Xavier Institute of Management (XIM-B). Last year, the institute had invited 60 companies on campus, but this year the number has swelled to keep pace with the growing number of students per batch — from 180 last year to 240 students this year.
Most B-schools begin summer placements in October, and the seven top institutes Business Standard spoke to said during the current season the response to summer placements has been good, in spite of the fact that batch sizes have increased between 15 and 20 per cent. B-schools have also been very aggressive, evolving new strategies to woo companies.
Hyderabad-based Indian School of Business (ISB) said it was working on how to increase the number of offers per company. “If we invite more companies, more of them will go without offers. It’s not a question of more companies coming to the campus, but about how to increase the number of offers per company,” said V K Menon, Director-Career Advancement Services, ISB.
“We all know of the global slowdown. But as far as ISB is concerned, we don’t run after markets. We look at targeting companies. Already 24 companies have registered so far and we expect 80 more companies. On the domestic front, FMCG and sales development profiles seem positive. Finance and technology seem to be neutral. I don’t see any reason why a premier school should be concerned,” said Menon. ISB had 320 companies last year on campus and expects more during the current season.
At Delhi-based Indian Institute of Foreign Trade (IIFT), 70 companies have so far expressed their interest to participate. IIFT placement chairperson Munish Bhargava said companies have been very positive and the institute is confident of placing the 209 students for internships.
Last year too the response to summer placements was good for most B-schools, especially so for the Indian Institutes of Management (IIMs). Although the situation in 2010 was better, this year the Eurozone crisis had made B-schools jittery. Last year there was an increase of anywhere between 10-25 per cent in the number of new companies being invited on the campus and B-schools expect a similar trend this year.
At Gurgaon-based Management Development Institute (MDI), 170 companies had participated in 2010, while 187 companies have already confirmed their participation this year. Among the various sectors, finance companies have registered the highest increase — up from 58 in 2010 to 63 this year. MDI’s placement affairs chairperson Kanwal Kapil said the institute does not see any major impact of the financial crisies in the US and Eurozone. The institute will place 300 students this year, while 24 have already received pre-placement offers.
B-schools however, did not reveal stipend package. “We will have to wait for the placements to complete. Only then will we have a clear picture. Guessing a number here would be hazardous,” said Bhargava. Last year, Cadbury had offered the highest stipend of Rs. 100,000 for two months to a student from the Mumbai-based National Institure of Industrial Engineering (NITIE) and the Indian Institute of Management, Kozhikode (IIM-K).
At the Indian Institute of Management, Bangalore (IIM-B), 120 companies have registered so far. Since the batch size has increased to over 370, it is reaching out to more companies. Last year, over 180 companies had participated. The 375 students were placed in 127 companies. Last year, each company, on an average, had increased the number of offers by 26 per cent, compared to the previous year.
At the Indian Institute of Management, Calcutta (IIM-C), more companies have been invited to the campus because of a larger batch this year. Amit Dhiman, professor in charge of placement, at IIM-C said the institute expects that the number of offers by companies may go down this year.
Source: Business Standard, October 6, 2011
>Students make money while the sun shines
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The summer placements scene at B-schools is hotting up. A vibrant job market — the job speak index of Naukri.com says companies’ activities related to the recruitment stood at 1,085 in March 2011 against 900 in March 2010 — and war for talent acquisition has made India Inc dangle the fat pay cheque carrot even for the two month summer internship programmes at B-schools.
This has resulted in an over 20-50 per cent hike in the stipends offered to the summer trainees at B-schools across the country. B-school students, as part of their curriculum, intern with companies of their choice during the last semester of first year. The internship programme could be from six to eight weeks for which they draw stipends too.
“As the economy is coming out of recession, companies are confident of getting more business. This is one of the reasons why we have seen an uptake in the number of offers and hike in stipend. Companies are looking at summer training as a vehicle for final placement,” says Munish Bhargava, Corporate and Placement Advisor, Indian Institute of Foreign Trade (IIFT).
Delhi-based IIFT and Birla Institute of Management and Technology (Bimtech), have seen their average stipends increase to 25 and 51 per cent, respectively. IIFT has recorded the highest stipend at Rs. 150,000 this year.
“Companies are willing to pay higher stipend to get the best candidate. During the six-eight weeks summer training they watch the candidate for their aptitude and other skills,” said Professor Kanwal Nayan Kapil, Chairperson, Placement Affairs, Management Development Institute, Gurgaon. MDI has seen an average hike of 34 per cent in stipend this year. While the highest domestic stipend at the institute was Rs. 150,000, the highest international stipend touched Rs. 400,000. Last year, MDI students didn’t get any international offer. The average stipend was Rs. 63,000.
B-school candidates who successfully complete the internship programme are also made pre-placement offers or PPOs from companies. At the premier Indian Institute of Management Lucknow (IIM-L), the institute has seen a 75 per cent increase in the number of offers made by companies against previous year. During final placements companies which get an earlier placement slot, get to pick up most of the students. Thus many companies are left with no students to recruit. Summer training is a good vehicle for final placement for such companies.
Deepa Mohamed, Group head, HR and Training at investment solutions company SMC says, the company prefers to go for summer internships as it gives it access to a bigger talent pool. “We can access the students during the internship and judge whether they are best fit for the company,” says Mohamed. This year, SMC made summer training offers to three students.
However, Mohamed thinks Indian companies are still conservative when it comes to offering good stipend to B-schools other than to students from IIMs. For IT services solutions firm, Cognizant, summer internship program is so important that it has created an event called B’hive to test interns’ competitive spirit. B’hive, provides a platform to interns to meet Cognizant senior management and network with their alumni currently with Cognizant.
Source: Business Standard, May 5, 2011
Placements at FMS, Delhi set a new record
Summer placements at Delhi University’s Faculty of Management Studies (FMS) have broken all records this year. All 235 students from two MBA courses got placements for two months in 91 companies in just five days. There was an increase of 150% in the highest stipend this year with an investment banking firm offering Rs. 250,000 to two students. In fact, the average stipend this year is Rs. 85000, which is an increase of almost 42% from last year.
Professor A. Venkat Raman, Placement Convener, FMS, said: “We are satisfied with the summer internship offers this year. Apart from roles in finance and marketing which have been the traditional strongholds, we also witnessed significant diversity in the profiles offered.” According to FMS, a record number of 145 companies had confirmed their presence in the placement drive this year, though 91 finally visited the campus. The rest could not visit the campus as all students had already been placed. “This year the response of the companies and the offers they made have been much better. We also got companies which havent been coming for summer placements for the last couple of years,” said Nagraj Chandrasekar, Media Coordinator, FMS.
This time, we had more private equity firms which are known to pay more. This explains the steep rise in the stipends this time, he said. Chandrasekar said coveted profiles like treasury, HR and risk management were offered, besides the traditional ones. No wonder, students are upbeat about the placement scene this year. According to them, summer jobs help companies discover the best talents on.
Source: The Times of India, November 16, 2010
Summer offers jump 75% at IIM Lucknow
Summer placements at IIM-Lucknow (IIM-L) hit a high note with 417 offers in just six days, a 75% increase in offers over the previous year. A total of 151 firms visited the campus, with 123 offers made in Slot Zero alone. Several prestigious firms made offers exclusively at IIM-L, including Wolff Olins Dubai (brand strategy), Samara Capital, Multiples Alternate Asset Management, Milestone Capital and Walden International.
Firms from the financial sectors included Goldman Sachs, JP Morgan, Citibank, HSBC, Standard Chartered, American Express, Deutsche Bank, Development Bank of Singapore, Edelweiss Capital, Axis Bank, Elara Capital, Atherstone Capital, SBI Capital, KC Securities, and BMR Advisors while FMCG firms also made their presence felt included P&G, HUL, Reckitt Benckiser, Glaxo-Smithkline, Coca-Cola, Pepsi, J&J Consumer, J&J Medical, J&J Pharma, Colgate Palmolive, Nestle, Heinz, Britannia, Asian Paints, Agrotech, Dabur, Marico, Kellog, L’Oreal, Perfetti Van Melle, ITC, Kraft-Cadbury and Diageo.
Source: The Economic Times, November 4, 2010
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