Summer Placement Report 2012

IIM Ranchi

IIM Ranchi Summer Placement Report 2012

Riding on the success of Summer Internships 2011, wherein several students received PPOs/PPIs, the 2nd summer placement process at IIM Ranchi received stupendous industry support. The promising new IIM was able to deliver on the expectations of the students and corporates alike. On one hand, IIM Ranchi strengthened its relationship with previous years recruiters, which revisited the campus. On the other hand, the institute forged new associations with 28 new recruiters. For a batch of 67 students, 76 offers were made across domains by 43 companies, such as Banking & Finance, Sales & Marketing, Consulting, Operations, General Management and HR. Some niche profiles were in corporate social responsibility, real estate and sports management. The chief highlight of the process was the diverse range of profiles which were offered that included financial consulting, strategy, hospitality management, IT consulting, statistics, and economic research apart from the regular profiles. The average stipend was close to Rs. 62000 for two months with the highest stipend being Rs 160,000 offered by a market research firm based out of Malaysia. One student signed out of the process to look for opportunities on his own.

4% 4% 11% Consulting 38% 43% Finance Marketing Operations Others

Banking & Finance A plethora of multinational and domestic organizations participated with great enthusiasm and offered exciting roles reinstating faith in the highest CAT cut-off of IIM Ranchi. A private equity firm with UK operations recruited for the first time from the campus. Another interesting profile was offered in Mergers and Acquisitions by a boutique investment bank. Other roles in this sector were in the area of Investment Banking, Corporate Banking, Equity research, credit research, consumer banking, mortgage services, project finance etc. Prominent Recruiters: Citigroup, JP Morgan, HSBC, Societe Generale, Ocwen Financial Corporation, UAE Exchange, IL&FS, ICICI Bank, Yes Bank, Altisource, Fullerton Securities, Unicon Securities.

Marketing & Operations IIM Ranchi continued its cherished relationship with several companies in this domain. This years summer internship process saw several new recruiters in the much sought after FMCG space. Additionally, a substantial chunk of roles offered in this domain came from sectors like medical devices, automobiles, pharmaceuticals, market research, media, e-commerce etc. Prominent Recruiters: Reckitt Benckiser, Hindustan Coca Cola Beverages, Britannia, Dabur, SABMiller, Emami, Hero Motocorp, Maruti, Boston Scientific, Becton Dickinson, Berger Paints, HT Media, IMRB, Exide. Consulting, Analytics and General Management With a view of becoming a preferred destination for analytics in the future, students from the 1st year batch showed keen interest in this area. Several past recruiters reaffirmed faith in the students by not only visiting again but offering PPOs/PPIs to the students of the 2nd year batch. Prominent Recruiters: Ernst & Young, Capgemini Consulting, Index Advisory, Asclepius Consulting, IBM, Pitney Bowes, Oberoi Group In a demonstration of diversity among the batch, the students also bagged roles in illustrious areas like HR, Operations and Project Management. Mr. Abhinandan Dhoke, Regional Sales Manger-Britannia opined: This was our first visit to IIM Ranchi and we found the students very good and well prepared for the selection process. The students here are comparable to those at other top B-Schools. Additionally, the process was efficiently managed. Prof. Subir Verma, Dean - IIM Ranchi, quipped Despite the economic slowdown and growing scepticism about hiring, the corporates showed great faith in our students. The success of the process clearly indicates that IIM Ranchi truly belongs in the league of top B schools. The industry support for the new batch exceeded expectations, considering the current global economic scenario. It reiterates the fact that the 8th IIM is rapidly expanding its horizons and becoming a favoured destination for the companies.