IMT Nagpur sees slower placements than last year

This year, the Institute of Management Technology (IMT) , Nagpur, is seeing slower placements than last year because of the global financial crisis.

“We have had 10 new companies coming for placements this year and we expect FMCG and pharma companies to recruit in larger numbers this year. Investment banks and IT companies are on a backfoot though Tata Consultancy Services is still coming to us,” said Professor Rajeev Kamble, chairman, placements, IMT Nagpur.

The placement season for the institute began in November and was expected to finish by December this year but now it has been extended to January-end. Thirty per cent of the students have been placed in manufacturing firms , while banks like State Bank of India and Industrial Development Bank of India (IDBI) have recruited 20 per cent of the students.

IMT expects more banks like ING Vyasa and HDFC to come to the campus this year. Technology firms like TCS and HCL Technologies have hired 10-15 per cent of the batch.

“Till last year, students did not look at manufacturing seriously, but they are more realistic this year,” added Kamble.

The institute will see its fourth batch passing out this year. Citi Global has offered the highest salary offer of Rs 8 lakh till now

Last year, the highest package was Rs 9.25 lakh. Till now, the institute has not had any foreign placements.