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Non-Tech : ICICI Ltd - (Nyse: IC) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (234)	2/24/2000 3:37:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 494

ICICI's scouting for new recruits at Indian Institute of Management. Anjali Prayag BANGALORE, Feb. 23. IT's recruitment time at IIM-Bangalore and looks like it's going to be a photo finish between IT majors and consultancy firms. And keeping pace with these two, are, the 'traditional' marketing and finance players such as HLL, P&G and ICICI, which are making a desperate bid to woo the corporate executive of the new millennium. Says Prof. Rishikesha Krishnan, Chairperson, Placements, "What makes this year's recruitment interesting is that traditional companies are trying to highlight their e-commerce activities to attract the students and ICICI's Kamath himself made a presentation to the students on this platform." The pervasive influence of the dotcom wave is very apparent. They are the new group of companies that traditional ones are contending with this year. Venture Capitals such as Vibrant Tech, ING Bearings, Chrysallis, are recruiting on behalf of the dotcoms they're funding. Their meat on the plate: ESOPs at entry level, entrepreneurial opportunities and the challenge of working in a sunrise industry. How are the marketing (FMCG, pharma) companies taking this onslaught? Says Mr. G.K. Nagaraj, Officer in-charge of Placement, "They have realised that what matters is the take-home pay rather than the cost to company that they have been offering all these years. And not willing to be left behind in the race, they too have changed their packaging with almost a 30-40 per cent hike in the compensation offer." Their other strategy has been to make the job profile as attractive as possible to the aspirant. Come this weekend and crucial decisions will be made. Says Mr. Kannan Venkateswaran, one of the aspirants, "To choose among 120 companies is difficult. That's why we have given ourselves a breather for a couple of days after the company presentations and start the final rounds on Feb. 26." Mr. Venkateswaran has decided to choose between a bank or a traditional finance company. Some of the students have already made off-campus placements for themselves, according to the Director of the Institute, Dr. M. Rammohan Rao. For instance, Mr. Saurabh Singh has already been signed on by MMG, London for a whopping 100,000 pound per annum offer. Says Mr. Krishnan, "Though we don't expect anyone else to cross this figure, we expect the average compensation to range anywhere between Rs. 6 and 7 lakhs per annum." Also indications from companies make it clear that students with experience will gain entry at the lateral level, says Mr. Krishnan. New companies that have made a beeline at the campus this year include names such as Cybernet, Mphasis, Mindtree, Blue Shift, PlanetAsia and Iris. Overseas postings are likely to come from JP Morgan, Exetor, Inautix, BlueShift, Olam International and Emdico. Arthur Anderson, Wipro, Ranbaxy, Citibank are the other regular takers. -Business Line