Exemplary Final Placements for the largest ever batch at NITIE
National Institute of Industrial Engineering (NITIE), Mumbai reinforced its standing as one of the preferred hunting grounds for recruiters as it successfully managed to place its largest ever batch at the recently concluded final placements. The batch of 2011, a stark 38% more in number than the previous year, was a jubilant lot as each one secured his/her dream job. The process saw the participation of around 82 companies with the offer per student averaging to 1.14.The number of new recruiters also rose to 23.A wide range of roles across various domains like Supply Chain, Operations, Marketing, Finance, Consulting and IT/Systems were offered. The number of offers increased from 3.05 to 3.87 per company which is a striking increase of 27% over the previous year.
International placements were also on an upswing with overall 9 offers by companies like Olam International, IFFCO Dubai and VVF Dubai. Olam International made the highest international placement offer at $150,000 per annum and took on board 4 students.
Amazon offered the highest domestic package of Rs 19.5 lakhs per annum to 7 students. Many coveted companies like HUL, Procter & Gamble, ITC, Cadbury, GE, L’Oreal, Reckitt Benckiser, Tata Motors, Standard Chartered, Citibank, HCCB, Edelweiss, Cummins etc. made pre-placement offers (PPOs), with 26 students accepting the same. Recruiters from the much-revered consulting sector included major players like PWC, Ernst and Young, Cognizant Business Consulting, Global e-Procure, Bristlecone, Capgemini and Accenture Consulting. Cognizant was the highest recruiter in this sector making 13 offers followed closely by Accenture which offered 12 positions.
The Banking and Financial Services (BFSI) sector made its presence felt in a big way with a number of offers being made across private equity, investment banking, markets, treasury, corporate finance, and wholesale and retail banking. Major recruiters were companies like Citibank, HSBC, Standard Chartered Bank, JPMC, Edelweiss, Deutsche Bank, GE, ICICI Bank, Barclays,Yes Bank, Credit Suisse etc. Many of the students embraced this sector, endorsing NITIE’s standing in BFSI domain. Yes Bank was the biggest recruiter across all sectors making 13 offers and JPMC stood only second to Yes Bank in BFSI by making 11 offers.
NITIE has always shared a special association with the FMCG sector and the partnership flourished to even greater heights this year. Some of the majors who participated in the placement process were Procter & Gamble, Hindustan Unilever Ltd, Nestle, Cadbury, PepsiCo, ITC, Marico, Colgate Palmolive, Britannia, Johnson & Johnson Consumer, L’Oreal, Godrej, Asian Paints etc. The profiles offered in the FMCG sector were those of Sales, Marketing, Operations, Supply Chain and IT/Systems. The top notch FMCGs of the likes of Procter & Gamble & HUL made 10 & 4 offers respectively.
The IT/Systems sector was represented by companies like Amazon, Dell, Accenture, TCS, HP, Infosys, Wipro, KPIT Cummins, ITC InfoTech, Syntel etc. to name a few.
Manufacturing and Process companies like Schneider Electric, Daimler, Larsen and Toubro, Tata Steel, Tata Motors, Panasonic, Godrej & Boyce, Strides Acrolab and Akzonobel, Glenmark Pharma and JSW offered roles in Operations, Logistics and Marketing. Other majors, including Telecom companies Airtel, Idea Cellular, Vodafone etc
Prof. Ashok Pundir, Dean (Students Affairs and Placement) said: “Placing such a colossal batch successfully was a daunting task but NITIE proved its mettle yet again with the impressive placements across all sectors alike & also bolstered its distinguished reputation amongst the corporates.”
2011 Placement Statistics
|Highest salary (Domestic) :||INR 19.5 lacs|
|Highest salary (International) :||US $ 150,000|
|Average salary :||INR 12.97 lacs|