The Vinod Gupta School of Management, IIT Kharagpur concluded its first phase of Final Placements season for the 26th batch of its flagship MBA program with 100% placements. With more than 65 companies participating in the process, 139 job offers, including 31 Pre-Placement Offers were made to 123 students of the Class of 2019.
Leading corporates like Accenture Digital, Amazon, eBay, Deloitte, ZS Associates, Pricewaterhouse Coopers, Titan, Schlumberger, Trident Group, Vedanta, ICICI Bank, HSBC, Virtusa, Maybank, Wipro, IBM, Novartis and many more reiterated their faith in the mettle of the students. New associations were established with reputed brands like AkzoNobel, Ernst & Young, Ford, Tata Power, Genpact, Bloomberg, Diageo, Emami Agrotech, Edelweiss Tokio Life Insurance, Capital First, Bridge i2i, Oxane Partners, MAQ Software, and Tresvista. After the first phase of placements, the average compensation of the top 25% of the batch stands at INR 18.5 LPA and that for the top 50% is INR 17.21 LPA. The median for the same is INR 18.94 LPA and INR 16.76 LPA respectively. The highest domestic offer made was of INR 21 LPA.
Consulting continues to remain the preferred domain of students on campus and recorded the maximum number of job offers. It was followed by Analytics, Operations, Sales & Marketing, and Finance.
The Dean of VGSOM, Professor Prabina Rajib, said, “The outstanding results were possible because of various factors like quality of academics, admission process, and focus on corporate cum academic competitions. I would also like to express my heartfelt gratitude to all the esteemed recruiters for their incessant support and faith in our students.”
VGSOM has recently been ranked among India’s top 5 business schools by QS in their 2019 Subject Ranking for Business and Management Studies. Read More . . .
VGSOM ranked among India’s top 5 in QS 2019 Subject Ranking for Business and Management Studies
IITs which are typically renowned for technology-based education are now leaders in management education as well. This is evident from the QS Subject Ranking 2019 for Business & Management Studies, in which IITs have occupied 5 out of top 10 places. Vinod Gupta School of Management (VGSoM), the business school of IIT Kharagpur which has recently completed its Silver Jubilee, has been ranked 4th among the business schools in India with exceptionally high Citations per Paper and H-index Citations scores.
The QS World University Rankings ranks the world’s top universities in individual subject areas, covering 48 subjects. The rankings aim to help prospective students identify the world’s leading schools in their chosen field in response to high demand for subject-level comparisons. The ranking data is compiled based on QS’s global surveys of academics and employers and research citations data sourced from Elsevier’s Scopus. The citations parameters which include Citations per Research Paper and H-index Citations show the impact of the research in that subject area and the relevance of the subject area.
VGSoM, which was seed funded by IIT Kharagpur alumnus Vinod Gupta, focuses in several multidisciplinary areas of research and development in the Institute as well as collaborative projects. The 25 faculty members of VGSoM publish on an average 75 papers case studies annually in peer-reviewed international journals on relevant areas of management studies which are widely cited. The School is backed by the interdisciplinary engineering, science and mathematics platforms of IIT Kharagpur which present a unique opportunity to its students to pursue electives in various subjects other than Management.
“Our students are mostly from an engineering background and their career path follows a direction more oriented towards technology management. Keeping in line with the industry needs, we have introduced many new electives in Business Analytics area. In fact, we have recently introduced a microcredit course in “personalization in retail” which caters to the changing scenario in e-commerce to a unique experience to individual consumers. Similarly, we have introduced another microcredit course on “alternative investment and portfolio management” complementing the strength of the school in financial analytics. The uniqueness of these courses is that these courses will be delivered completely by industry experts” said Prof. Prabina Rajib, Dean of Vinod Gupta School of Management.
Being part of IIT system, in addition to core management subjects, students of VGSoM undertake courses in other departments, centres and schools at IIT Kharagpur on emerging topics like Artificial Intelligence and Machine Learning, Internet of Things Cyber Security, Intellectual Property Rights. This sharpens their interdisciplinary knowledge and capability as efficient managers.
In the words of the School’s patron and alumnus Vinod Gupta (B.Tech./AG/1967), the MBA program is for students with their academic background in science and engineering an 3-4 years of experience in analytical thinking and decision-making. These attributes make the students of VGSOM stand out maintaining maintain the highest standard of managerial and leadership skills. “I sowed the seeds, with Prof. K L Chopra taking the initiative of setting up the School, the Government of India matching the seed grant and later directors of IIT KGP nurturing it to grow it into a beautiful tree,” he said.
The quality of the students is manifest in a large number of awards won by VGSoM students in competitions organised by reputed management schools and organisations all over the country. With a batch of 120 students graduating every year, VGSoM receives many more offers than what is required to secure 100% placement. The School continues to secure a good number of offers in Operations, Consulting, Analytics, Sales & Marketing and Financial domains.
In addition to its flagship MBA program, another popular program at VGSoM is Financial Engineering which the School offers to Dual Degree B.Tech. and M.Tech. students who aim for a career in finance domain. The School is also part of the multi-institutional Postgraduate Diploma in Business Analytics (PGDBA) offered jointly by IIT Kharagpur, IIM Calcutta and Indian Statistical Institute, wherein the and faculty from VGSoM will engage with the technology aspects of analytics.
The Postgraduate Diploma in Business Analytics (PGDBA) jointly offered by IIT Kharagpur, IIM Calcutta and Indian Statistical Institute has been ranked as top in India and 2nd in Asia by QS in the category business analytics courses. The course has been ranked 14th globally in the category.
PGDBA is a two-year full-time residential diploma programme aimed at creating business analytics professionals employable by leading Indian and foreign firms. This programme is designed for those who have an analytical mindset, are interested in tackling challenging business problems, and possess an inclination towards mathematics.
“This programme is designed for those who have an analytical mindset, are interested in tackling challenging business problems, and possess an inclination towards mathematics. It aims to help shape the emerging profession of business analytics by delivering a cutting-edge interdisciplinary educational experience to graduate applicants with an aspiration of building a career in this field” said Prof. P K Das, Dean, Postgraduate Studies and Research at IIT Kharagpur.
The programme which was launched in 2015 also witnessed resounding success in placements in 2018 with a 26% rise in mean salary (international inclusive). The industries recruiting these Business Analytics professionals are spread across BFSI, Consulting, Healthcare, Telecom and FMCG with BFSI in a variety of roles spanning Sr. Data Scientist, Machine Learning Scientist, Associate – Strategy Analytics, Manager – Advanced Analytics and Risk Analyst.
Students will visit the three institutions – Indian Statistical Institute, Indian Institute of Technology Kharagpur, and Indian Institute of Management Calcutta. Each of the three institutes will focus on a separate area of business analytics, in accordance with its expertise and competence. At IIT KGP, Vinod Gupta School of Management is coordinating this program with faculty members of the School along with those from the Dept. of Computer Science and Engineering, Dept. of Mathematics and Rajendra Mishra School of Engineering Entrepreneurship involved in teaching various subjects. The students are also required to do an internship of six months duration on an analytics project in a business organization.
“While coursework at IIM Calcutta focuses on the application of analytics in functional areas, Indian Statistical Institute brings to the table its expertise in statistical and machine learning theories for analytics, and faculty at IIT Kharagpur engages with the technology aspects of analytics in addition to offering electives in management domain with focus on application of analytics in functional areas,” said Prof. Prabina Rajib, Dean, Vinod Gupta School of Management.
The program is unique in its collaborative approach with India’s three top institutions with admission, placement (both internship and final) processes jointly by all three institutes. “This shows how collaboration between the best can really make a top-notch programme,” remarked Prof. P P Chakrabarti, Director IIT Kharagpur
