PSG Institute of Management is one of the 23 institutions run by the PSG & Sons Charities Trust, a pioneering champion of quality education. Over the last 86 years, The Trust has helped to educate over 300,000 students in all possible disciplines. PSG IM started off in 1966 as the Department of Management Sciences at the PSG College of Technology. PSG Tech is renowned in its own right with its alumni found in esteemed positions all over the world.
By 1995, they had evolved into a full-fledged, autonomous management institute, affiliated to the Anna University of Tamil Nadu. Today, we offer full time and part time MBA programs in Management, PG Diploma in Management and Doctoral Programme in Management. PSG Institutions were founded on the principle of empowerment; empowerment of people so that their quality of life improves, entrepreneurship evolves and industry thrives.
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.