hi ankit!! you forgot to mention which IIPM you belong to? becos as per the chennai branch which i belong to is facing no placements at all.. n all my senior are being offered only abt 3lacs CTC which is worse.. we pay more than 7 to 8 lacs for that... that package was for a marketing job.. leave alone finance n HR...?? its big question mark in most of the college... but inspite all this LIBA can still manage about 6 to 7 lacs CTC with companies like CTS n ICICI... still depressed with the time now...
Dear Rajalakshmi,
I m from IIPM Mumbai (FW 07-09 batch) ... I know the status of all the IIPMs... thats why I said |touchwood|... because only IIPM Mumbai & Delhi still have placements.. Others do have but very few.. For some companies, IIPM Pune came to our campus for the placements..We had combined placements..
I said it is upto 8 lacs.. Only 'Kama Jewelery' gave 8 lacs package, Profile - Sales.. Matrix gave 6 lacs, profile - Sales (sim card)..
There are many companies with 4 lacs packages..
You said in IIPM Chennai, last year it was 3 lacs.. But in IIPM Mumbai, the minimum package what the company should give is 3.5 lacs till last yr.. This yr it is 3 lacs.. That means no company with less than 3 lac package can come to IIPM Mumbai..
Only 2 companies came for Finance... Both are hardcore Finance...
No company for HR...
Many companies for Marketing...
We have SS & FW batch combined placements wherein most of SS batch are placed before our placements.. All the above what I stated are for FW batch.. I think SS batch placements were much better than ours..
TCS & ICICI are giving 6-7 lacs CTC?? good yaar... because all the TATA companies are known for giving less packages.. If both these companies giving 6-7 lacs CTC then do grab it.. Dont miss this opportunity..
Even our placements are affected a lot because our biggest recruiters are no more... Lehman Brothers & Citi Bank were our largest recruiters (in terms of nos.) are no more.. It was very sad for us to hear from our seniors who lost their jobs on their 1st day itself.. They were placed in Lehman and on the 1st day itself they were told sorry but the company is closing down from tomorrow.. The next day they filed up the bankruptcy..
The topic is 'there is no job'... But I think there are many job vacancies.. The company also needs the people but the thing is that they are not hiring it because of the social reputation.. People say that when everyone are firing & you are hiring that means something is wrong in you..
Just wait for few more days and see the companies back in hiring processes..
For example, most of the Insurance cos & MF AMCs have fired people but without marketing people they cant survive in the market.. Once they hire marketing and they start performing, they will require Finance, Operation guys.. After that they require HR guys...
So, just wait for few more days and see how the hiring processes starts again..
I said wait for few more days that doesnt mean that you should literally wait.. If you get good companies with decent profile then do join it... :SugarwareZ-172: