More than 10,000 students of IIPM got placed in five years

The Indian Institute of Planning and Management (IIPM) has set new benchmarks in B-School placements. In the past five years, more than 10,000 students of IIPM have been place in over 1,500 companies. All the placements were done at campus. IIPM informed, in past three years, more than 250 students have been place internationally.

Since 2006 IIPM has a 100% constant placement record.

In the past two years, from IIPM Delhi most of the placements have been global. In 2008 and 2009, it says, 165 and 55 students were placed globally.

After a long gap, now companies are looking for freshers to put their businesses back on fast track. This year alone, IIPM said 2,480 on-campus hirings have been done and the remaining 140 students are likely to be placed soon.

In 2009 BFSI (banking, financial services and insurance) corporations, the biggest on-campus recruiters did not do any hiring from campuses but this year, they were back with atleast 20% placement offers.

IIPM told leading BFSI companies such as Standard Chartered, HDFC Bank, HSBC, Fidelity, Barclays, India Bulls and India Infoline, and financial consulting companies such as KPMG (Delhi), Goldman Sachs and E&Y this year had offered financial/business research profiles to its students.

This year ICICI visited all IIPM campuses and hired 320 students, Yes Bank who has been largest recruiter at IIM campuses, also visited IIPM, Delhi.

IIPM said, FMCG leaders such as Colgate-Palmolive and leading consumer durables brands such as Whirlpool have also offered opportunities to its students, this year. Other visitors to IIPM campuses were UB Group, Zee Enterprises, Business Octane and JDA Soft. They had offered high packages of Rs7.5 lakh per annum.

IIPM student Amiya Ranjan has been offered a domestic package of Rs20 lakh per annum. This year average all-India packages stood around Rs4.63 lakh. According to institute this year its 37 students have been placed globally. International recruiters were from various fields which included travel & logistics, media, advertising, FMCG and manufacturing.

Three important months for fresh job seekers

Now days, campus recruitments are on full-swing across most colleges in the country. It is good time for fresh job seekers. According to headhunting firm Ma Foi Randstand, this year one third of new jobs in the market are for freshers.

But the freshers have to first analyze in which city they should take up a job. According to reports, this year by end of June, Delhi NCR is likely to add 38,350 jobs Mumbai will be on the second place with 27,650, Chennai rounds off the top three with around 11,900 vacancies

Kolkata will be next with 8,350 new vacancies. IT hubs Bangalore and Hyderabad will add around 6800 and 6200 new jobs, while Pune and Ahmedabad will be adding 5,400 and 3,260 new jobs respectively.

This means around 1,53,564 jobs will be created in the country during the Jan-March quarter and more than 3,47,463 jobs are being created in the current quarter from April to June. From this 75% of jobs will be for experienced ones, the remaining would for freshers.

In the months of April, May and June major portion of hiring is done as most jobs are created during this period every year. In this period over one crore freshers join the job pool every year. In this Delhi is on the first place with large number of jobs for freshers, followed by Ahmedabad and Bangalore.

Sector wise IT-ITes sectors are likely to grow, but neither the IT-ITes, nor the services sectors are going to do most hiring. In the healthcare sector most number of jobs for freshers is getting created with over 46% of new jobs earmarked for freshers.

Then is BFSI sector, will be hiring almost 34% freshers from college. The manufacturing sector will have almost a third of its jobs for freshers. Thus it is a good opportunity for freshers to get a good job.

Dhanlaxmi Bank to hire 500 people for entry, middle and senior management levels

Dhanlaxmi Bank, Thrissur-based lender is planning to expand its employee’s base to 3,800. Thus it will be recruiting 500 people for three levels - entry level, middle and senior management levels.

Manish Kumar, head, human resources and corporate social responsibility told, the bank will be recruiting 500 people in the current financial year. In 2009-10 bank had re-recruited 2,500 people taking the total staff strength to 3,300. In the last fiscal bank opened 66 new branches taking the branch network to 273 with a pan India presence.

Kumar added for the current fiscal year bank has no plans of opening new branches. But it will be expanding its business in venturing into areas like retail asset business and fee-based income vertical.

He told bank has introduced new Performance Management System (PMS) to motivate their employees in improving skills. The PMS is based on a balance score card.

SBH plans to recruit 2,000 clerks and 600 supervisors this year

State Bank of Hyderabad (SBH), an associate bank of State Bank of India, is planning to expand its human force by recruiting as many as 2,000 clerical and 600 supervisory staff during the current financial year this was confirmed by a top bank official.

During the launch of SMS Feedback facility the managing director SBH, Renu Challu told media persons that, "This is in addition to the 600 supervisory officers, who cleared tests last year and would be joining us in the next two months."

She informed that from the newly recruited employees around 300 of them will be posted in rural areas that will be responsible for the development of bank’s agricultural loan portfolio.

Challu added bank is planning to open 230 branches this year.

She said, SBH has already applied for five licenses for Uttarakhand and two for Chhattisgarh, is likely to open branches by the end of this year.

The bank has also opened its first-ever currency management branch (CMB) in Hyderabad to sort out soiled and counterfeit notes and make cleaner notes available across the counter.

Challu added in the beginning the CMB service will be linked to 28 branches in Hyderabad and gradually it will be extended to other chest branches across the country in due course.

Meanwhile SBH Gen-X, a savings account has been introduced to target youths between 18 and 30 years of age group.