Placement process in 2011-12 saw over 65 companies who contacted us and we were able to offer students for placement to only 40 of them. A summary , indicative list is given here:
- Banking and financial services: HDFC, ICICI, Nomura, Janalakshmi, South Indian Bank, Kotak Mahindra
- IT and IT services: HCL, TCS, Payoda, Beroe
- FMCG, Pharma: Coca Cola, Novartis
- Auto: Ford, Mahindra, TVS Motors,Hyundai
- Conglomerates: ITC, EID Parry
- Freight & Logistics: TCIL, GATI, St. John’s Freight
- Consultancy, business intelligence , training & development: Naukri, LaunchpadLLC, Ikya Human Capital, Beroe
The top 150 placement statistics for the year indicate the following average salaries. Certain companies have not disclosed their final CTCs to us at the time of recruitment so we have included the basic offer to reflect a conservative average (for example, public sector companies do not make full CTC data available to us at the time of placement). As a guideline, minimum salary cut-offs for this period for PSGIM students were :
- Metros - Chennai, Bangalore, Mumbai: Rs 4.5 lakhs + p.a.
- Tier 1 towns– Madurai , Coimbatore : Rs 3.5 lakhs+ p.a.
- Tier 2 towns– Tuticorin, Namakkal : Rs 3.0 lakhs p.a. ( min. cut-off)
The highest domestic salary paid was in excess of Rs 7.0 lakhs p.a . Lateral students generally achieve placements in excess of Rs 5.5 lakhs p.a. Many of recruiters take graduates for tier –II town placements also, where salaries are differentiated. Many students are offered a training stipend for one year and then receive a higher salary on confirmation.
Placements for 2012-13 are in progress.
