SYDNEHAM PLACEMENTS

It was celebration time for the graduating students of Sydenham Institute of Management, Mumbai as they lapped up top-notch corporate jobs during the campus placements. With the temperatures dipping all across due to the winter chill, the salaries at the institute showed quite an opposite trend with the average shooting up to a staggering 7.12 lakhs per annum, an increase of 30.9% as compared to the previous year.

The nation is witnessing an average GDP growth rate in the range of 7- 8% and it was evident in terms of the fatter pay cheques and challenging profiles that the companies offered to the students. The companies made a beeline for the budding managers, which reflected on the wide appeal the institute has throughout the industry.

With 80 % of its students being placed in day zero itself (an achievement to applaud for), it was not surprising that the placements were wrapped up on Day 1 of the placement week. The highest salary accepted on campus was 10 lakhs per annum and the lowest 4.5 lakhs per annum. The median salary stood at 6.96 Lakhs per annum. Most of the offers were made in the range of 6.6 lakhs per annum to 7.7 lakhs per annum.

Sydenham also benefited from the dynamic placement committee that spearheaded the process this year, which did a marvelous job in getting the best of the brands on campus.

In the IT/ITES sector who’s who of the industry like IBM Consulting, Infosys , Accenture Consulting ,HP ,Patni Computers , Progeon, Oracle, Mastek, Citigroup Global Services, Tata Consultancy Services descended on the campus to make offers. Accenture also made a comment on the profile offered as it mentioned that Sydenham was graded at par with some of the ivy leagues in Asia like AIM, Manila and therefore the offer was made without any differentiation in package as well as responsibility, which was one of the biggest gains this year for the institute as it showed its brand getting the cutting edge among the competing b – schools.

The Banking and Financial sector was represented by big brands like HSBC, ICICI Bank, United Bank of Switzerland, Citibank, Citicorp Finance India Limited, Centurion Bank of Punjab, JP Morgan Chase, Adventity, Kotak Group, HDFC, ICICI Prudential, Darashaw, Crisil amongst many others. The companies offered profiles ranging from sales to investment banking and lured the students with hefty packages.

In the Manufacturing, Telecom and Automobile sector some of the brands that visited and recruited from the campus included TATA Motors, Godrej and Boyce, SKF Bearings, Shrenuj Diamonds, Clariant, VSNL, Hutch, REL which offered dynamic profiles to its recruits.

Consultancy and Research firms included the likes of IMRB, AF Fergusson, Research International , Avalon which also had good profiles for the students.

There was also a one of its kind package offer made by a company to the tune of 25.5 lakhs for a contractual period of 3 years.

The lateral offers at the institute saw an unprecedented high in terms of salaries and the profiles offered were both enriching and challenging with the industry perspective.

The break up of offers made in terms of sectors have been shown below in tabulated format

Quick Snapshot

 Highest Salary- 10.00 Lakhs per annum

Lowest Salary – 4.50 Lakhs per annum

Average Salary- 7.12 Lakhs per annum

Median Salary – 6.96 Lakhs Per annum

Note: All figures are in INR- Indian National Rupee.

The differentiating factor for the institute has always been the rock bottom course fees that it charges from its students (40,000per year), The institute offers one of the best return on investments as compared to other b schools and this year the returns were even higher and there was a smile of satisfaction on the face of every graduating student. The institute gets its students through a rigorous selection process and the talent of each qualified student gets acknowledged in the best possible way when the industry recognizes it, and this trend keeps repeating itself year after year. Overall it was a successful story all throughout and the institute basks at a new dawn which is brighter than ever before.