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The Indian Institute of Management – Tiruchirappalli has reported a successful summer placement of its second batch (2012-14). According to Godwin Tennyson, Chairperson, Placement & External Relations, IIM-Tiruchirappalli, the institute has registered 100 per cent placement with Rs 1,00,000 as the highest stipend offered for a two-month internship.
Last year, though, the highest stipend was Rs 1,20,000. Overall, the average stipend for the internship period has come down from Rs 53,000 to Rs 41,000.
Out of 102 students in the batch, 92 registered for summer placements, and all of them got placed. Of the six new IIMs, Tiruchi is the second after Rohtak to complete its summer placements.
The most number of recruiters were from the BFSI (banking, financial services and insurance) sector, followed by information technology companies and others. Private sector banks such as ICICI, Citibank, Axis Bank, IDBI and Federal Bank participated. Brands such as Dabur and Kellogg India offered sales, marketing and market research slots; marketing and human resources placements were offered by Boehringer Ingelheim, mHealth Ventures and Brand Care.
Students too had a good mix to choose from, both in terms of the broad domains and specific roles, explained Tennyson. The institute in its second year of operation hosted a total of 39 recruiters out of which 20 were participating for the first time.
In addition to profiles such as corporate banking, advertising, supply chain management and manufacturing, roles in ‘public policy’ and ‘general management’ were also on offer. The Reserve Bank of India too participated in the process for the very first time with openings in foreign exchange trading.
A set of students preferred to work for start-ups “to gain an enriching learning experience covering multiple aspects of business and a flavour of the challenging milieu of entrepreneurship”, he said. Ten students opted out of the placement process to pursue specific interests in niche sectors.
Elaborating on the recruitment pattern, Tennyson said ‘marketing’ emerged as the forte of IIM-Tiruchirappalli. The offers spanned different sectors including FMCG, Media, Infrastructure, Healthcare and BFSI.
A significant percentage of students with work experience in information technology helped attract several companies for this function including Ameex Technologies, Redington, CSS Corp, and Webenza. The roles offered varied from business analytics to business process consultant, Tennyson said.
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