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NIM salary offers up 50%

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Meghdoot Sharon Ahmedabad
Last Updated : Feb 06 2013 | 6:37 PM IST
It seems that the good placement cheer has trickled down to the second rung management institutes this year. The Ahmedabad-based Nirma Institute of Management (NIM) has broken new grounds regarding placement this year.
 
Buoyed by the fact that the average pay package of the students graduating from the institute has risen by 50 per cent this year, NIM now hopes to break into the top 20 league.
 
At present, placed at 23, the institute plans to break into the top 20 B-schools by next year and it also aims at maintaining the rate at which the average pay package of students has been rising. For the first time since it was set up eight years ago, foreign companies have picked up students from NIM.
 
All the 106 graduating students of the full time post graduate programme in management (PGPM) have been absorbed by the industry.
 
For the first time this year, two foreign companies have selected students from NIM and the pay package has seen a 50 per cent jump, Anup K Singh, director of the institute, said on Saturday.
 
"In what we see as a recognition of the quality of education that the institution imparts, the average salary of NIM graduates is Rs 3.36 lakh per annum, a 50 per cent rise over last year," Singh said.
 
A total of 69 companies participated at the placement sessions at NIM, which took place in the last week of December and the process continued for the next one month.
 
Of these, 57 companies offered jobs to all the 106 full time PGPM students. For the first time in the seven year old history of NIM, two foreign companies, Thailand-based Essem Tips Pvt Ltd and the UK-based Winjit Software, absorbed two students from the institute.
 
Few of the leading companies where students of NIM have been placed this year were Tata Steel, TCS, Tata Teleservices, Reliance Infocomm, Converge Labs, TVS Motors, Bajaj Auto, Tata Motors, Ogilvy and Mather, Shoppers Stop, HDFC Standard Life Insurance, ICICI Lombard General Insurance, HDFC Bank, ICICI Bank, Adani Exports, Ashok Leyland, Berger Paints, Cadila Pharmaceuticals, Development Credit Bank, Eicher Motors, Hindustan Oil Exploration Co, Hitachi Home and Life Solutions (India), Iffco-Tokio General Insurance Co, State Bank of Mauritius and others.
 
"Recruitment of students has been uniform across various sectors. The automobile, retailing, manufacturing, finance, consulting and other sectors have all absorbed students from NIM this year," said H Anil Kumar, chairman-placement, at NIM.
 
Prashant Gupta, faculty production and operations, added, "Considering the fact that a majority of companies that have recruited students are from Gujarat or the students will be posted in Gujarat, the average pay package is very high. If the postings were in cities such as Delhi or Mumbai, the salaries would have been much higher."
 
Rajat Sarda, who passed out from NIM this year, has been given the highest annual pay package of 8.1 lakh per annum by Indore-based Rajat Industries. "I am obviously thrilled and I believe that I could not have got a better management education anywhere else in India," Sarda said.
 
Abhijit Junagadhi from Nashik, who landed up a job with the UK-based Winjit Software, said, "It is a nice feeling to be among the first students of NIM to be on the international placements list. Having an earlier work experience has been a great asset."
 
Rahul Prasad, another student of the passing out batch, while praising the facilities at the institute, said that all students got placements in a sector of their choice.
 
Anup Gupta, director, NIM, said that the most encouraging fact is that around 350 alumni of the institute came to the campus to recruit students.
 
"We are looking forward to a very strong relation with the industry. The relationship with the industry ought to be so strong that placements take place automatically," he said.

 
 

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First Published: Apr 05 2004 | 12:00 AM IST

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