34% Jump in highest compensation; 3 students’ bag 18 lac offers at IFMR, Chennai

Published : Monday, 30 January, 2017 11:35 AM

34 % Jump in highest compensation; 3 students’ bag 18 lac offers at IFMR, Chennai

IFMR (Institute for Financial Management and Research) which has been consistently ranked among India’s best B-Schools since it’s inception of the PGDM programme in 2000 has been a preferred destination for recruiters. Charan KM, Harshita G, and Sudipta D bagged job offers of Rs 18 lakh each from a European MNC setting up a new facility in India.  They had other offers on hand, but were allowed to participate in this company’s selection process. “We have already placed 97% of the 16^th batch of PGDM students graduating in 2017”, said the Chairperson Placements, Professor Nagarani, “but given that the company sought us out, we had to put our best foot forward, and not restrict our offerings to only those not yet placed”.

With 3 students getting highest offers the class of 2017 notched a new high as the highest salary on campus jumped by 34% compared to the previous batch and average CTC being 9 lakhs per annum. 20% Student placed in the sales & marketing, 35% in Finance & Financial engineering, 20% student placed in BFSI & Operation and 25% placed in the consulting & HR. “While most of the top B Schools including the IIMs struggle to maintain a gender diversity ratio, IFMR has successfully been able to attract girl students in the campus and our gender diversity has always been between 32 – 35%. Diversity not just in terms of gender, we encourage applications from various culture, backgrounds, streams and work experiences from various verticals”, said Prof. Nagarani. In response to a question on those with work experience, she said those who leverage their domain knowledge and return to the same industry can command a salary of 10 lakh plus, and even those who move across domains get a premium from 1 Lakh to 3 Lakh, depending on the quantum of experience.

“Demonitisation may have slowed down the overall process of placements in top B Schools but the placement performance at IFMR signaled sharp increase in interest in recruitment from the campus of IFMR.The collective agenda of the faculty has been to align the curriculum with the demands of the industry and to offer practice led, value based education to the students. This has paid off.”, said Dr. P.K. Biswas, Director, IFMR.

Sector wise placement: Finance & Financial Engineering: ANZ, Credit Suisse, CRISIL, Deloitte, SBI CAP, HDFC. Consulting & HR: Accenture, Cognizant, Infosys, i-Nautix, TCS. Sales & Marketing: Bajaj Fin Serv, DSP Blackrock, HSBC, Kodak Mahindra Bank, Yes Bank. BFSI & Operation: Bank of America, Genpact, J P Morgan, RBS, SCOPE International

Roles offered by various organisations are as follow: Finance & Financial Engineering sector Equity research & Risk analysis, BFSI & Operation sector: Team lead operation Analysis, Project Management, In the Consulting & HR Sector profile offered is corporate planning, Business Analysis, Consultant & Recruitment

Two new specializations - BFSI & Data Science (Business Analytics) has been recently introduced by IFMR. With the University status to be granted soon, newer courses like B.B.A, MA (Development Studies) and MA (Economics) and more PhD programmes to be introduced from next session. Applications for the batch 2017-19 is open, more information can be obtained from the site.

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