Published : Monday, 9 March, 2015 2:32 PM
Average Salaries up by 27%. Highest Package of 13.5 Lakhs offered so far. More than 50% of the batch of 2013-15 placed
The unprecedented growth rate of the Indian GDP seems to be translating well for established B-schools across India. KIIT School of Management, Bhubaneswar - or KSOM as its popularly called - is already seeing an upswing in the average salaries. The highest salary offered thus far has been 13.5 Lakhs CTC by the Oman-headquartered Khimji Ramdas LLC. The average salary offered so far is 4.78 Lakhs. This is a significant increase of 27% from last year, when KSOM had registered an average CTC of 4.0 Lakhs.
KSOM has consistently registered 95% placements every year, with more than 70 recruiters from Fortune 500 companies visiting the campus during placement seasons. However the most inter-esting trend seen this year has been the upswing in the first time recruiters at KSOM; a clear in-dication of the increased economic dynamics in the country. First time recruiters included Shyam Indus Power Solution, Karvy Finance, Aircel, United Arab Shipping Corporation, Bluestar, Magma Finance, Reliance General Insurance,Ujjivan Finance, GMTx, Meritnation, GREEdge (Valued Epistemics Private Limited) etc.
“The major recruiters as of now have come from across various verticals,” says Prof. Jitendra Mohanty, Placement Chairperson, KSOM. “What has been encouraging for us is a number of startups with futuristic products have shown tremendous faith in KSOM, and recruited extensively from our campus.”
With a teacher:student ratio of 1:10, KSOM is fast emerging as a preferred choice for general management recruitment in Odisha and neighbouring states. 60% of the faculty have PhD’s and 30% are from IIMs and XLRI’s, at KSOM. KSOM has a distinct group of faculty members who have either been educated at or have taught at Universities like Massachusetts, Wisconsin, Dur-ham, Portsmouth etc. A number of faculty members are IITians, CA, and CS, and come from a very real background with substantive corporate experience with a first-hand knowledge of how the industry work.This year at KSOM, there has been an unexpected spurt in the number of off-shore recruiters including United Arab Shipping Corporation, and Khimji Ramdas LLC. Major recruiters from within the country include Bajaj Finserv, Mahindra & Mahindra, Karvy Finance, KPMG, TCS, and Bluestar, Colgate-Palmolive, Reliance General Insurance etc.