With a Median Pay Package of 8.8 Lakhs, Goa Institute of Management (GIM) Graduates are Amongst the Highest Paid B-Schools Grads in India

SANQUELIM, India, May 18, 2015 /PRNewswire/ --

Placements at Goa Institute of Management (GIM) - one of the top 20 B-schools in India - have concluded. Yet again registering 100% placements, GIM saw a climb in the median pay package offered to its students. With an increase of almost 10% over any year in the past, the median pay package stood at 8.8 lakhs per annum this year. The highest package offered was 13.15 lakhs per annum, and more than 40% of the students have placements with a package of 9 lakhs and above. Recruiters like JP Morgan, HCL Technologies, Infosys, HDFC, eClerx, Cognizant etc., recruited for diverse job profiles.

"This is quite satisfying for those involved with the placement process," says Prof Umesh Mahtani. "GIM has always pursued a policy of focusing on median salaries. Our admissions, pedagogy, approach, and process - everything is tuned to create a competent group of managers; cutting down on the possibility of large variations in pay packages. We continuously push to better the quality for all our students, and his/her employability quotient. We welcome the confidence shown in GIM by the Industry."

Of the 2013-2015 batch, 245 students were eligible for placement, of which 231 opted - and received - placements. 14 GIM graduates opted out of on-campus placement. This was also the first placement season for the newly introduced PGDM (HCM). Of the total of 48 students in this batch, 46 had opted for on-campus placements, of which all 46 have been placed to their satisfaction. Recruitment by healthcare giants like Fortis, Wockhardt Hospitals, Abbott Healthcare, Manipal Hospitals and even insurance companies like Bajaj Allianz was very much on expected lines. However, it was interesting to note that some of the brightest minds in the 1st PGDM (HCM) batch were picked up by a variety of different business behemoths like Ernst & Young, Cognizant, iGate, and Hinduja Global Solutions.

The differentiators in Placements 2015 at GIM were the first time recruiters; much because of the PGDM (HCM) course. Of the 56 participating recruiters, about 20% were new to the campus. Also, nearly 10% of the students converted their internship (PPOs/PPIs) with corporates like JP Morgan, HCL Technologies, Fidelity Investments, Cognizant, Wipro, Pidilite, Blue Ocean, Emerson etc.

As always, a large number of students - a total of 132 - were inducted into Sales and Marketing profiles in corporate behemoths like Tata Motors, Godrej & Boyce, Pidilite, UB, Syntel, Bisleri, WCCLG, Millward Brown, Blue Ocean, ThoughtWorks etc.; while 69 GIM grads go into the Finance stream. HR and IT/Operations made up for the third and fourth spots with 15 and 17 recruitments, respectively. Sector wise, though, the biggest recruiters remained the IT/ITeS segment; with companies like HCL, Wipro, Cognizant, Infosys, Accenture, TCS, Odessa Technologies recruiting a huge 40% of the total GIM crop this year. BFSI recruiters like HSBC, JPMorgan, HDFC, Fidelity Investment, Tata Capital, Darashaw, eClerx etc., picked up with 23% of the GIM passouts. FMCG with 12%, made the top 3. Significantly, Market research/Analytics companies like Deloitte and KPMG recruited a significant 9% of the pool of budding management professionals from GIM.

"In the coming year, aside bettering the average salary, we in GIM will make every effort to form every student who comes to us into leaders who would make a significant difference not only in the corporate world but also in the society. Any student who chooses to learn with us will be a great value addition to any company, because what we teach in GIM and the ways students learn, are unique and different," says Dr. Joe Arun, SJ, Director, Goa Institute of Management.

GIM had broken into the Outlook top-20 last year (19^th), climbed a phenomenal 18 places to break into the top-25 of Business Today rankings in just 2 years (Ranked 42 in 2011, and ranked 24 in 2013), and is also amongst the 'Top 25' in the rankings published by The Week. GIM's rise can also be attributed to the infrastructure; since most of the prestigious rankings take into account the infrastructural setup of a management institute. In 2010, GIM moved from Ribandar area of Goa, to a new state-of-the-art campus located at Sanquelim on a sprawling 50-acre plot surrounded by the idyllic foothills of the Western Ghats.

About GIM 

Established in the year 1993, the core character of GIM has been chiefly founded upon ethics and values. It springs from the Jesuit ideal of higher education that forms men and women for the society. GIM provides the future manager with an excellent, contemporary learning experience anchored in a strong Indian setting that prepares the student for a career in today's interconnected global corporate. GIM offers a two-year, full-time programme in Business Management, on the completion of which candidates are conferred with Post Graduate Diploma in Management. This flagship programme is extremely prestigious and is rated as one of the finest in the country. GIM's two-year full-time post graduate programme in healthcare management was started to cater to the increasing corporatisation of healthcare and will provide unlimited opportunities to students.

To read more about Goa Institute of Management, visit: www.gim.ac.in

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Goa Institute of Management