NSIBM students on their Jamshedpur campus

Netaji Subhas Institute of Business Management (NSIBM) at Pokhari on the outskirts of Jamshedpur is poised to repeat last year’s performance of cent per cent placement.

The first phase of recruitment drive for the 2010-12 batch, which kicked off in the first week of April, came to an end on Thursday with eleven headhunters visiting the management cradle. Of the total 83 students, 54 have already bagged jobs.

The first company to visit the AICTE-approved, Kolhan University-affiliated management institute was Cease Fire. Altogether 55 final-year MBA students appeared for the selection process and 12 were picked up by the company at an annual salary package of about Rs 2.70 lakh. Initially, they will be designated as assistant managers (marketing) and posted in Jharkhand, Bihar, Odisha and Chhattisgarh.

First Flight, a courier-cum-logistics company, came calling for the first time. Eight students appeared for interview and two were selected.

Bajaj Capital creamed off the highest number of students. Officials of the training and placement cell said that the company picked up 16 students followed by Cease Fire.

The next highest recruiter was Arcus Services that hired nine students.

So far, Arcus Services offered the highest package of Rs 3 lakh per annum. Other companies that took part in the drive included VAS Tribology (2), IT Scient (4), BMA Wealth Creators (5), Thomas Cook (1), Goo2o Techno logies (1), Aditya Birla Group (2) and Ashiana Housing (1).

Dean of NSIBM Nagendra Kumar said they were satisfied with the first phase of the annual campus recruitment drive. “It was quite impressive. We got a very good response from the companies that visited the campus. It is a matter of great satisfaction that the corporates found our students on a par with those from other institutes of distinction. Some were even assessed to be better,” Kumar told The Telegraph.

According to the senior official, the second phase of the placement process will start from May 7 and is expected to continue till May 20. The companies that are scheduled to come are from the banking, IT, retail, FMCG and consulting sectors.

“We are eyeing cent per cent placement this year too. The students are happy that a good start has been made,” he said.

Notably, last year, Geojit BNP Paribas, a leading mutual fund company of southern India, was the top recruiter, hiring 15 students. Electronics major Videocon offered the highest annual package of Rs 4.85 lakh to two students.