Goa Institute of Management Placement Report Phase I
Highlights of the first half of Placement Season 2014 include a distinct spurt in International Placements; highest package of nearly 15 Lakhs, and almost 90% of the students placed
February 28, 2014 (Newswire.com) - Goa Institute of Management is pleased to report that nearly 90% of the GIM Class of 2014 have been satisfactorily placed as on date. The maximum package offered, midway into the placement season, is in the vicinity of 15 Lakhs per annum. So far, 3 student managers have been offered International Placements.
The average salary package, this placement season is about 8 Lakhs per annum. GIM has been focussing on better median packages, and we are pleased to note that about 40% of those placed so far are in the range of 8 to 10 Lakhs per annum. Given the current environment of cautious hiring adopted by most of the organisations, we are quite satisfied with the performance thus far.
The numbers of on-campus recruiters at GIM have gone up significantly this year. 44 companies have made their presence felt thus far, of which 17 are new recruiters. While these companies are from diverse industry sectors, the IT/ITeS and BFSI sectors, in particular, have so far accounted for largest number of hiring: 39% and 35% respectively. Other major sectors are Consulting and FMCG. Prominent recruiters in the 'double digits LPA category' this year are JP Morgan, Wipro, Cognizant, ICICI Bank, eClerx & Infosys.
The recruiting and interviewing processes are currently under progress in the second phase, and details of the recruiters will be revealed in a full report upon conclusion of the Placement Season. These are clear signs that the target of 100% satisfactory placement will be achieved by the end of March.
"Placements are usually market driven, or market sensitive," says Dr. Rai, Director, GIM. "But in GIM, we've controlled this seesaw of sorts. When markets are bullish we continue experiencing a fairly good rise in packages, and on the flip side, even when the market is down, packages offered to GIM graduates continue holding steady and do not go down."
Started by a group of visionaries in the early 90's, GIM caters to the need of a top-class management institute in this geopolitically important region. Goa Institute of Management is currently ranked among the Top-20 business schools of India by Outlook and among the 'Top-25' by Business Today and The Week.