IIM-Trichy placements begin

There is feverish activity at the Indian Institute of Management-Trichy, which started its campus placement season this week. For the institute, one of the six newer IIMs started in 2011, this is the first placement season. On January 21, Day zero of the placement season, five students already had pre-placement offers in hand after their summer internships. "This is an indication of the quality of our students," said Godwin Tennyson, chairman, placement and external relations, IIM-Trichy

During the summer internships in 2012, 40 companies had recruited 83 students in various domains, including marketing, finance, operations, HR, consulting and strategy. The average stipend offered for the internship period was around 50,000, while the highest domestic stipend offered was 1.2 lakh.
Remaining tight-lipped about the offers made this week, professor Godwin, however, said, "There is hardly any difference between the offers made to our students and those in older IIMs. Our students are getting offers with quite high pay packages," he said.
Around 80 students are sitting for the placements, expected to last at least around a month. With classes happening simultaneously, the institute has scheduled visits by one or two companies a week. "The season looks good. We would like to facilitate the best possible placements for our students in the area of their choice," said institute director Prafulla Agnihotri.
While around 60% of the students have an IT background, 11% are from the manufacturing sector and there is at least one student from various other streams, including education, power, marketing and medicine. One-fourth of the students have one to two years of work experience, while an equal number are freshers. Around 5% of the students have more than four years of work experience.
The campus placement scene in other B-schools rings a positive note. There are reports of the other IIMs seeing a better-than-expected placement season this year. Even some of the other top-tier B-schools, like the Birla Institute of Management Technology, T A Pai Management Institute, and Narsee Monjee Institute of Management Studies, have been getting a positive response this year. Higher salaries, more international postings and pre-placement offers are being made, report placement officers of the institutes.