IIT : Indian Institute of Technology

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Department of Management Studies, IIT, Roorkee Breaks New Ground for its Summer Placements

The Department of Management Studies (DoMS), Indian Institute of Technology, Roorkee has concluded the Summer Placements for its MBA Class of 2007 surpassing all past performances, said an institute press statement that was released on Thursday.

The coveted IBM Software Labs which is known for its exclusivity hired an intern from DoMS this year. The same company had made a Pre-Placement Offer (PPO) to a DoMS student who had interned with them last year. DoMS broke new grounds with corporate bigwigs such as Sun Microsystems, RPG Group, Honeywell, Bristlecone, AC Neilsen, Fitch Ratings among others.

The maximum offers were made by Genpact and TNS Global (four apiece) while other prominent recruiters for this summer included KPMG, Ernst & Young, 3i Infotech, Ranbaxy, SBI Caps, Maruti Udyog, Bajaj Auto, Mastek, Aditi Technologies, SIDBI Venture and Reserve Bank of India .

According to the press release, the number of offers exceeded the number of students for the moderate batch size of 45 which has a mix of freshers as well as experienced engineering graduates.

Some of the companies keen on hiring interns were altogether unable to do so, claimed DoMS. A total of 27 companies ranging from Consulting to IT, Banking & Finance to Market Research, Automotive to Business houses, ITES to PSUs and Pharma to Venture Capital, offering a diverse set of profiles, absorbed the 45 candidates through the rolling Summer Placement process.

There has been an impressive rise in average stipends while PPO projections are also running high. The number of PPOs rose from two for the Class of 2005 to eight for the Class of 2006, for similar batch sizes, indicating a rising demand for management graduates from IIT Roorkee.

“Both the final as well as Summer Placements are looking more and more encouraging year after year at the fledging Department of Management Studies, IIT Roorkee, which has been experiencing a higher than average growth rate amongst premier B-schools,” claimed the statement.

Source : http://www.pagalguy.com/

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