Indian Institutes of Technology are enjoying good times as they see pre-placement offers pouring in continuously. As the institutes get ready for the final placement process beginning December, companies are making pre-placement offers for final-year students. IIT Madras, which has already bagged 15 PPOs
across departments, expects 10 more offers. "Pre-placement offers from sectors like FMCG, IT and oil & gas have already been made.However, we are expecting 10 more PPOs to come over the next one
week, including offers from manufacturing and finance sectors," said Mr Anurag Nallapati, student placement in-charge at IIT Madras. The optimistic pre-placement scenario is evident through Singapore-based
Barclays Bank offering a salary package higher than last year's best (Rs 22 lakh or Rs 2.2 million) for one of the candidates. "Things are definitely looking brighter than last year," Mr Sunil Srivastava,
head of training and placement, IIT Kharagpur said. The institute received over 40 PPOs. Response from firms across sectors is also better this year as far as PPOs are concerned. Over 160 companies
have visited IIT Kharagpur and the institute feels that the number will rise close to 200. The improved scenario for PPOs is noteworthy because IITs and other higher education institutions had struck a low
in placement offers during the global financial crisis.
Indian Overseas Bank, a leading Public Sector Bank with headquarters in Chennai having geographical presence all over India and abroad invites applications from Indian Citizens for the post of
Probationary Officer in JUNIOR MANAGEMENT GRADE SCALE
I. Candidates are requested to apply only through online between 17.01.2009 and 16.02.2009 through our Bank’s website www.iob.in. No other means/mode of application will be accepted.
Eligibility Criteria NATIONALITY/CITIZENSHIP
A candidate must be either i) a Citizen of India or ii) a subject of Nepal or iii) subject of Bhutan or iv) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India or v) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India, provided that a candidate belonging to categories (ii), (iii), (iv) & (v) above shall be a person in whose favour a certificate of eligibility has been issued by the Government of India. A candidate in whose case a certificate of eligibility is necessary may be admitted to the examination &/ or interview conducted by the Bank but on final selection the offer of appointment may be given only after the Government of India has issued the necessary eligibility certificate.
A. Educational Qualifications: (As on 01.01.2009):
1. For Arts Graduate - minimum 60 % marks and for other than Arts Graduate - minimum 65 % marks. For SC/ST/PC candidates – minimum 55% marks for Arts Graduate and for other than Arts graduate- minimum 60% marks. The Degree should be from a recognised university
2. Computer literacy shall be an essential qualification, which the candidate must either possess before or acquire within six months of joining the Bank.
3. Diploma in Banking & Finance (DBF) from Indian Institute of Banking and Finance (IIBF) is a desirable qualification besides the above entry level qualification.
B. AGE: (As on 01.01.2009): Minimum: 21 Years and Maximum: 30 Years
The candidates who have completed the age of 21 years as on 01.01.2009 and not completed 30 years as on 01.01.2009 are eligible to apply. Relaxation in maximum age for SC/ST/OBC/PC/Ex Servicemen will be as per Government Guidelines.
RELAXATION IN UPPER AGE LIMIT
Sl
Category
Age Relaxation
1
Scheduled Caste/ Scheduled Tribe Candidates
5 years
2
Other Backward Classes Candidates
3 years
3
In the case of Ex- service commissioned Officers, including ECOs/ SSCOs, who have rendered at least 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within the next one year from the last date for receipt of application) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or on account of physical disability attributable to military service or on invalidment.
5 years
4
Persons domiciled in Kashmir Division of Jammu & Kashmir State during the period from 01.01.1980 to 31.12.1989
5 years
6
Physically Challenged Category candidates
A. 10 years for General category
B. 15 years for SC/ST category
C. 13 years for OBC category
How to apply
Eligible candidates are required to apply 'ONLINE' only through our website www.iob.in and no other means/ mode of application will be acceptable. Candidates are advised to follow the following sequence of steps while applying online.
1. Log on to our Bank’s webiste www.iob.in and click “Career “ column (available at the top of the bank’s website) , then the Career page will open.
2. Go through the detailed advertisement by clicking the Advertisement (English) or Advertisement (Hindi) available in the Career Page and ensure candidate’s eligibility to apply for the said post.
3. Take print out of Payment Receipt challan by clicking Download Payment Receipt available in the Career Page.
4. Remit the application fee /postages as applicable to the candidate with the filled up Payment Receipt in any of Indian Overseas Bank branches by means of cash only and collect candidate’s copy of Payment Receipt Challan for the application fee paid.
5. After remitting the application fee, again logon to our Bank’s website www.iob.inand open the Career Page. Click apply online. Then online application will open. Fill up all the details required in the application and click “Submit” button available at the bottom of the online application and your online application will be registered. A Registration Number and Password will appear for your online registration immediately on the screen. This can be used only for taking printout of the online application registered by the candidates for their records and candidates should not send the printout of the online application to the Bank.
For the purpose of locating the branch address for remitting fees , applicants may log on to our Bank’s website www.iob.in wherein provision is available for locating address of the branches. Applicants are advised to type nearby town/ city/place in the space provided under “Branch Search” in the website. For assistance in locating the branch in case of need, applicants may contact 044-2888 9375, 044-28519661
Candidates should submit the candidate’s copy of Payment Receipt Challan along with the call letter at the time of written examination failing which the candidate will not be admitted for the written examination.
The payment of fees should be made on or before 16.02.2009 and the last date for applying online is 16.02.2009. Application for online registration will be available in our Bank’s website between 17.01.2009 to 16.02.2009 only. Applications once made will not be allowed to be withdrawn and application fee /postages once paid shall not be refunded or shall not be held in reserve for any other examination.
Application fee ( including postage charge) non refundable (a) For SC/ST/Physically Challenged - Rs.50/- ( For Postage)
(b) For all others ( including OBC) - Rs.400/- (350+50 For Postage) Application fee has to be paid in cash only at any branch of Indian Overseas Bank before applying online
5. Emoluments for the post of Probationary Officers – JMG Scale - I :
Approximate Cost to Company after confirmation would be around Rs.4.00 lakhs p.a ( including perks and other benefits) subject to Bank’s Service rules.
Selection Process
A. Written Examination All the eligible applicants who have submitted their online applications properly in time will be administered a written examination , without verification of their age or qualification or category or any other eligibility Criteria with relevance to documents and will be purely on provisional basis, on the strength of the information provided by them in the online application. The candidates must therefore, ensure that they fulfill all the eligibility, has in his/her possession the requisite documents and certificates specified by the Bank, and that the particulars furnished in the on-line application are true and correct in all respects. Mere admission to the written examination and /or passing the Test and being invited by the Bank for the Personal Interview shall not imply that the Bank has been satisfied beyond doubt about the candidate’s eligibility. Bank has the right to cancel candidature at any stage if found that any candidate is not fulfilling the eligibility crieteria. If any candidate found ineligible even after appointment, his/her services are liable to be terminated.
The Written Examination will comprise of Objective Test and Descriptive Test details of which is furnished hereunder:
a) Objective Test Objective Test consisting of Test of Reasoning Ability, Quantitative Aptitude, General Awareness and English Language (225 Questions carrying total marks of 200 with total time duration of 135 minutes) as detailed below.
S.NO
Name of Test
Number of Questions
Medium of Exam
1
Test of Reasoning Ability
75
English & Hindi
2
Test of Quantitative Aptitude
50
English & Hindi
3
Test of General Awareness
50
English & Hindi
4
Test of English Language
50
English
Total
225
c) Written Examination Centers The written examination will be held at the following centers and the address of the venue will be advised in the call letters:
A major boom in career options and fatter pay packages are luring a lot of doctors in the corporate world. Experienced doctors are lining up to take up courses in B-schools such as Indian School of Business and IIMs. In fact, of the 425 graduates from ISB this year, there are ten doctors, five of whom are post-graduates with seven-eight years of practice. The career options open for them range from joining pharmaceutical companies to becoming a medical consultant in leading multinationals.
It is undoubtedly boom time for the 2006-08 batch of management students at Indian Institute of Management, Ahmedabad. They have witnessed a considerable jump in job and salary offers. The average salary offered this year went up from Rs16.2 lakh last year to Rs18.3 lakh this year. This year, the number of students eligible for lateral placements at IIM-A was 112 as compared to 89 last year. The highest domestic salary offered was Rs 35 lakh plus and international salary was around $1,30,000.
More Than 50 IIM-B Graduates Get Offers Before Final Placement
For IIM-B students, there are options galore even before the final placement on March 04. About a fifth of the 250-odd students of the 2006 batch have already secured job offers in lateral placements concluded in February. Companies such as KPMG, Aditya Birla Group, Barclays Bank, Microsoft, Infosys and Capgemini have issued the maximum number of offers. However, students are keeping their cards close to the chest and have not accepted any offers till the final placements as consulting firms and investment bankers would come only then. Consulting companies including Oliver Wyman will come for the campus interview for the first time. This year, about 69 per cent of the Post Graduate Programme in Management students have prior work experience.
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