Placement 2007

Placements 2007 – Reaching for the sky!

Continuing the northward trend placements in 2007 achieved a handsome set of firsts. Of a batch of 72 students, 6 accepted lateral placement with the remaining 66 getting placed on ‘Day Zero’ of the Placement Week.

The average salary of the batch notched a new high of Rs. 7.5 lakh p.a., up almost 40% over the previous year. The highest pay offered was Rs. 10.2 lakh p.a. 120 offers were made by over 50 leading companies representing 17 industry sectors. 41 profiles offered more than Rs. 6 Lakh p.a.

The following companies recruited directly from MICA for the first time:

Ad Labs Films
CNN-IBN
Covansys
Essar
Flora 2000
Godrej
Interactive Avenues
KPIT
Madura Garments
Mu-Sigma
NDTV
Yes Bank.

The renewed interest in communication and marketing skills, MICA and MICAns came through strongly when companies from diverse sectors like insurance, energy and automobiles participated in the placement process. For the first time achieved the golden standard of crossing the Rs. 1 million mark in pay packages. It was offered for a domestic placement by Hindustan Times.

The lateral placement process got institutionalized for the first time this year. KPIT Cummins, Hewlett Packard, Covansys, Ugam and Evaluserve participated in the process this year.

Batch Profiles:

The sectoral break-up of placements shows that Brand Management is the new buzzword for both, industry and students. Sales and Marketing profile was offered across service-oriented as well as FMCG companies. MICA remained the preferred recruiting ground for Market Research companies. The profiles offered in Media Management this year were Media planning and Buying, Media Auditing and Media Consulting. Advertising companies matched the offers from other sectors, offering Rs. 6 lakh p.a and above.

Sectorwise Placements

The sectoral break-up of the recruiting companies shows a healthy mix of sectors ranging from FMCG, IT, automobiles, energy, media and advertising agencies among others.

Number of Companies, sectorwise.

The pay packages offered this year have been substantially higher than previous years. The top ten CTCs and the companies offering them are as follows: