Smiles are back across B-School campuses in India, after the global slowdown witnessed last year and the recently concluded Annual Campus Recruitment process at Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) captured the euphoria at its highest extent. Sydenham once again reinforced its standing as one of the premier B Schools in Mumbai and in the country. After a relative lull last year, 2010 saw a completion of successful placement season for the Silver Jubilee batch of MMS and PGDBM programs with 100 % placements and new benchmarks being set for average salary and number of offers. This year was marked by sheer diversity of profiles on offer and participation by a plethora of first time recruiters. Once considered amongst the top 6 B Schools in the country (between 1987 and 1994), SIMSREE has displayed the zeal and quality to re-enter premier league of Institutes.
The placement season which began in mid-December ended in the month of March. Unlike previous years, this year the placement process was spread over weeks instead of days to give both, recruiters and students more time to conduct the process and make informed decisions. It was a strategically designed rolling process that facilitated not just 100% placements but also a plethora of multiple offers, leaving students spoilt for choice.
A total of 84 firms participated in the Placement process in 2010 – the highest in the history of the institution - with a 40 % increase over last year making a total of 158 offers. The average number of offers per student stood at 1.47. Indian and global companies from sectors like Banking, Financial Institutions, Consulting, Manufacturing, IT, FMCG, Media & Entertainment, Pharma, Chemical and Insurance participated in the placement process. Public Sector Units (PSUs) and some of India’s largest conglomerates provided much sought after diversity and depth in profiles. Of these 38% were first time recruiters.
The Placements
Being located in Churchgate – heart of the financial capital of the country, Sydenham has the advantage of being the cynosure of the corporate world. It also reaffirmed its position as a premier B-School for various recruiters. Finance emerged as the most preferred vertical amongst the students. A whopping 45% of the students chose to join the financial sector. Marketing and Operations also featured prominently in the placement season with 34% of the roles being offered in Sales and Marketing (Non- BFSI) and about 12% in Operations. Consulting and HR accounted 9 % of the total roles. The largest recruiter for the season was ICICI Bank, who picked up 19 students from the campus.
The batch of 2010 saw an average salary of Rs. 8.43 lakhs per annum (lpa) representing a 20 % increase over the previous year. The highest domestic salary scaled up to Rs. 12.25 lpa, with the median salary at Rs. 7.65 lpa.
Sectors |
No. of Offers |
Banks – Indian & MNC’s |
44 |
Financial Institutions & Insurance |
27 |
Marketing Consulting & Market Research |
9 |
Consulting |
11 |
IT/ITES |
26 |
Manufacturing/Telecom & FMCG |
24 |
Others |
17 |
Total |
158 |
This year saw traditional recruiters like Citibank, Bank of America (BACS), ICICI Bank, JP Morgan Chase, CRISIL,ICICI Securities, HDFC, Centrum Finance, Darashaw & Co, Godrej & Boyce, Nielsen, IMRB, Reliance Infrastructure, HCL, Infosys, TCS, Wipro, Zee Entertainment and BASF strengthen their relationship with SIMSREE. The year also saw establishment of new bonds with many of the first time recruiters like YES Bank, Royal Bank of Scotland (RBS), Religare Macquarie, Centre for Monitoring Indian Economy (CMIE), Idea Cellular, Infinity Retail, Mid-Day Group, Bosch Group, Godrej Infotech, Novartis, GVK Bio, Times Group and many others.
Public sector firms made sure that they were not left behind in recruiting top notch talent. PSUs like Coal India Ltd., Bank of Baroda, IDBI Bank, Central Bank of India and State Bank of Hyderabad participated and selected students across various domains.
The profiles offered varied in diversity ranging from Corporate Banking, Private Banking, Treasury, Equity Research, Marketing, Sales and Distribution, Business Development, Supply Chain Management, IT Consulting, Business Consulting and Corporate HR.
