Nirma Institute sees 100% placements

Highest salary offered $ 22,000

With the corporates ready to pay more for eligible ones and not only from the elite Indian Institutes of Management (IIMs), Institute of Management under Nirma University is a classic example of how the salaries for the management graduates are touching new highs.

The remunerations have been witnessing a sharp growth this year as average annual domestic salary in the institute has risen to Rs 4.12 lakh against Rs 3.36 lakh of last year.

The institute also saw 100 per cent placement with all 110 graduates securing jobs within a record time of one week.

Excited about this development, the director of the Institute, Anup Singh, said, "The average annula salary this year is Rs 4.12 lakh, which is quite a jump compared to Rs 3.36 lakh last year."

Talking about the type of placements, Ketul Contractor, member of the corporate relations cell of the Nirma University said, "Four of our students have got jobs with two foreign firms - Vintaze FEZ in Dubai and Chandani Oil Mills Limited in Mauritius. The highest salary is US $ 22,000. Last year, we placed two students in Vintaze FEZ and Essemptis in Bangkok."

Among the Indian companies that recruited Nirma graduates are Shoppers' Stop, Arvind Mills, Tata Teleservices, TVS Motors, Larsen & Toubro (L&T), Indian Petrochemicals Corporation Limited (IPCL), Motorola and Indian Space Research Organisation (ISRO).

Contractor added, "This year the institute has witnessed an unprecedented surge in the number of new companies who came for the campus recruitments. Top notch firms like GE Capital, HCL Technologies, Polarise Software came to Nirma for the first time."

When asked about highest salary offered in India, Contractor said, "The highest salary offered this year is around Rs 6.6 lakh per annum to Paurav Shah who has been hired in Suhani Internal, an internal trading outfit."

While representatives of several firms were head-hunting at the campus, many others preferred to pick graduates through tele-conferencing and telephonic interviews.