NITIE Summer Placements 2006
Riding the crest
 

"Seeing is not believing, but believing is all about seeing" - Anonymous

Life in Mumbai was slowly returning to normalcy after the endless rains that hit the city in July and August but not inside the campus of one of the nation's most illustrious learning place – National Institute of Industrial Engineering (NITIE), Mumbai. It was summer placements time for the management batch of 2008. As an integral part of the MBA course, summer projects are designed to provide MBA students an opportunity to put their learning into practice, while enabling companies to assess quality managers-in-the-making by exposing them to real-life application-driven projects.

A wide spectrum of companies made a beeline for NITIE's campus to recruit summer interns with exciting projects offered across varied domains. Companies across various sectors like Consultancy, FMCG, Banking, Insurance, Investment Banking, Pharma, Manufacturing, Automobile, IT, ITeS etc, made their presence felt which provided the students an opportunity to apply for summer projects in areas of their interest.

More than 60 companies participated in the process and the number of offers received was 1.59 per acceptance. Olam International made international summer placement offers to our students.

Among the new companies that came to the campus the banking and financial services sector ruled the roost. Companies like DSP ML, GE Money, American Express, ICICI Prudential, HSBC, Standard Chartered Bank participated in the process and were able to get the right candidates for the profiles offered. Students were bullish on this sector and a record number of people accepted offers of exciting profiles.

Technology sector saw a new entrant to the campus for summers, with Cypress Semiconductors, which has been a regular visitor for final placements. Big names like Cognizant Technology Solutions in the IT sector and Pepsico Ltd in the food sector also took students for various projects in the concerned streams. Other new companies on campus for summer's process included Scope International, Titan and e-Clerx.

The top recruiters included Wipro and Cognizant who took 12 and 11 students each followed by Ernst & Young with 7 candidates.

FMCGs & Manufacturing were well represented by traditional favorites such as HLL, Procter & Gamble, Nestle, Asian Paints, Britannia, ITC, Johnson & Johnson, Marico, Colgate-Palmolive, Reckitt & Benckiser, Castrol India, Godrej, Ceat, Monsanto, Essar and Dabur with projects being offered across diverse functions. The Banking and Financial Services sector was a major participant including organisations like Citibank, HSBC Bank, Standard Charted Bank, GE Money, American Express, ICICI Bank, ICICI Prudential and SBI Caps, most of whom made offers to several students. Big names from the Pharmaceuticals sector like Dr.Reddy's, Ranbaxy, Glaxo SmithKline, Glenmark also showed interest by making multiple offers.

The Systems bandwagon was carried by CTS, Wipro, Patni Computer Systems and TCS. Consulting sector included Ernst & Young and Mindtree Consulting. Heavyweights from the Food & Beverages sector like Coke, Cadbury's, Pepsico & Perfetti also made their presence felt on campus. The BPO Industry, a booming sector in India represented by e-Clerx and Scope International, came up with unique and exciting offers across domains.

The average stipend offered crossed Rs 16000 per month, with the highest domestic stipend being Rs. 30000 per month from the Cognizant stables. The highest international stipend was offered by Olam International at an undisclosed figure.

At the end of Day 0, a record 152 offers were made and 77 cheerful faces signed off from the recruitment process. The fact that they had got the profiles they desired was just an icing on the cake.

Associate Dean, Placement, Prof. Ashok Pundir aptly remarked 'This year saw an upsurge in the number of students taking up projects in Banking and Financial services industries, as compared to last year which saw a larger proportion of the batch moving towards FMCG and Information Technology sector. This was compounded due to the increased number of big companies from BFSI sector at the campus.'

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E-mail: impress.nitie@gmail.com
 

Source: By E-mail (November 22, 2006)

published on IndianMBA.com on November 23, 2006

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