Dated: 9th October, 2014

M.S.Ramaiah Institute of Management

Final Year Placement Policy: 2013 15 Batch
Validity: 1st October, 2014 to 30th June, 2015
Eligibility: All students passing out from all the three programs i.e. PGDM
(AICTE), PGDM (AIMA) and MBA (UOM).
Definitions:
A. Lateral A student with 12 months corporate work experience or more. All
work experience needs to be supported by a service certificate. Students who
have worked in their family business /proprietary businesses for more than
12 months will not be considered as laterals. They are welcome to mention
the work experience in their profiles and resumes. They would still be
considered as freshers and listed as freshers.
B. Fresher A student with less than 12 months experience or any student who
has just completed his/her graduation or Post graduation other than MBA
like MA / MSc / MCA etc.
C. Dream Option After getting the first offer a student is eligible for his/her
second option called the Dream Option. (A student is eligible to apply only
to those companies which pay a higher CTC than the first offer). A student is
allowed three dream options after getting the first offer. The moment a
student gets the second offer by exercising dream options he/she would be
deemed out of placement. Once a student exercises the dream option the
only other option available would be the Dream Company or an Unclassified
company
D. Dream Company This would be decided by the Placement Cell in
consultation with placement committee. A Dream company is a high profile
company which has hitherto not visited the campus, which all students might
aspire to apply. E.g. Google or Price Waterhouse Coopers or Boston
Consulting Group.
E. Unclassified Company To encourage students to avail of opportunities in
well known and branded companies or start-up companies with bright future
potential, which offer low starting pay (much lesser than average CTC) but
have excellent and exemplary training programs; the placement cell would
classify some companies as Unclassified. Unclassified companies would
not come under the purview of dream option clause. Some indicative
unclassified companies are ITC and Coca Cola.
F. Specializations Placement eligibility for any position depends to a
large extent on specializations chosen by the student. The placement cell

would validate student specializations based on the information on self,

given by the student for the brochure. Students are advised to
judiciously choose their specializations and confirm the same for
incorporation in the placement brochure.
G. Eligibility Criteria of Companies In the past the companies have indicated
the following minimum eligibility criteria to shortlist students for the
placement process:
i)
60 % marks in 10th, 12th, Degree and MBA. Wherever an institute
uses CGPA as an evaluation criterion, a CGPA of 6 is considered to be
equivalent of 60 %.
ii)
No backlog in MBA.
iii) No gaps in education for more than 2 years excluding work
experience.
iv) All examinations in undergraduate degree should have been passed in
first attempt.
v)
No break in academic career.
Please note it is the companies prerogative to specify eligibility
criteria. Placement cell has no say in the matter.
H. Placement Process - Placement process commences with the sending of the
resume in response to the companys requirement as per the recruitment
template, follows through the selection process specified the company, till
the final offer is rolled out.
Placement Policy:
All students are eligible to attend as many interviews as they want subject to
the following terms and conditions.
1.

A Student can get a maximum of Two Confirmed Offers. (One +

dream option assuming the dream option is converted).
2. Once a student gets the first offer he/she would be eligible only for the
following options:
(a) A Dream Option is decided by the student. A Dream Option is an
aspirational attempt by a student to better his/her prospects. Consequently
a Dream Option should be compulsorily a job better in Remuneration. A
student can attempt a maximum of 3 dream option placements. Every
time a student opts for a dream option placement he/she is expected to
give the same in writing to the placement cell before participating in that
placement process. The moment a student gets the first offer from any

(b)

(c)

3.
4.
5.

6.

7.

8.

one of the dream option companies he/she would be out of placement.

Whether he/she gets an offer from any one of the dream option
companies or not he/she would be out of placement after 3 attempts
except for the Dream Company option or the Unclassified Company
option.
A Dream Company. A Dream Company is an aspirational company for
the entire batch as well as the institute e.g consulting company such as
Boston Consulting Group. The decision to classify would be based on
certain criteria. Such companies would be few and far between but it
would be considered a prestigious placement even if the numbers
recruited are not very high.
An Unclassified Company: Mentioned above. However:
Please note that an unclassified company of last year need not
automatically become an unclassified company this year.
Please note that clauses pertaining to dream option mentioned
above are not applicable for unclassified companies.
This will hold good even for pre-placement offers. A pre-placement
offer is one that comes in writing.
Students are advised to be clear about the choice of functional
specialisation and the company they want to get in.
Students are advised to be judicious and discreet while applying to
companies. They should apply to companies which they are genuinely
interested in. Generally they should apply to companies compatible
with their choice of specialization. By not applying to a compatible
company they are denying themselves a good opportunity. By attending
a company which they may not be ultimately interested in, they could
be denying an opportunity to another eligible and genuinely interested
student.
An offer is one which comes in writing. Companies which come for
campus interview would be asked to fill up the offer statement before
they leave the campus. In cases where the decisions are taken at later
date, email or a written offer letter would be basis for consideration.
An offer once accepted subject to the above conditions cannot be
rejected at a later date. Students who reject an offer earlier accepted by
them cannot enter the placement pool again and would be automatically
debarred from placements.
The placement cell will earnestly try to ensure that all students get at
least one job offer. On the other hand all students should be aware that
they are eligible for at least two offers. To obtain maximum benefit
from the placement process students are strongly advised to get the first
offer as early as possible and then try for their second dream offer. This

would help the students to tide over any uncertainty and

unpredictability in the business ecosystem.
9. To ensure more companies visit our campus, with the expectation of
selecting students from a larger pool, campus interviews will be
conducted for students from all three programs simultaneously.
10. Work Experience and Laterals.
(a) A student is considered a lateral if he/she has equal to or more than 12
months of experience. This experience should be supported by a service
certificate.
(b) While companies would look for a mix of general experience and
relevant experience, as a direction, relevant experience would be given
more weightage than general experience.
e.g.:- A student having prior Sales/Marketing experience and
specialising in Marketing would be deemed to have relevant experience.
e.g.:- A student who has production experience and specialising in
finance would be deemed to have general experience and not relevant
experience.
(c) We would work with Placement Committee to get appropriate options
for laterals. However Salary Negotiation for the lateral positions should
be done by the students themselves.
12. Job Location: Students are advised to look at good job content as the
first priority and not be fussy about starting pay and location. We
recommend that immediate focus of the students should be on learning
opportunities, job content, career prospects and growth.
13. Attendance for regular courses and placement training sessions:
a) As already mentioned in the Student handbook a minimum of 60 %
attendance in all academic course classes.
b) A minimum of 75 % attendance is compulsory for regular training
sessions like Personal Growth Lab etc.
c) 100 % for special training and orientation programs conducted before
the visit of specific companies. By applying to a company a student is
deemed to have agreed to attend the special training sessions organised
by the institute for the campus interview event of that particular
company.
d.Attendance to counselling sessions conducted by the placement cell is
compulsory.
Any student not adhering to the above attendance norms will invite penal
action, which could include being barred from placement.
14. Students must visit companys website and attend pre-

placement talks to get as much information about job content and the
company, as possible.
15. Students are advised to take help and advice from professors,
counsellors, alumni and fellow students and be reasonably clear about
their career plans.
16. Students must have valid reasons to reject an offer and they are
advised to exercise utmost discretion in doing so. This is because if one
job offer is declined it is equivalent to two students not getting a job.
17. The institute shall on its part request the companies to have an active
waiting list, wherever feasible.
18. Interview Processes and Eligibility criteria:
a) Once a student attends an interview process of the company he/she
needs to take it till its logical conclusion. Dropping out of an
interview process midway before completion will attract serious
penal action. Students are advised to understand that such moves also
cause an irreparable damage and a negative impression of our institute
and its students in the minds of recruiters.
b) If a student does not desire to be considered for placement he/she is
advised to communicate the same in writing to the placement cell in the
beginning of the first semester of the second year.
c) If a student does not apply to 5 eligible companies successively as per
his/her specialization it would be assumed that he/she is not keen on
placement and he/she would be classified as a student not interested in
placements. His/her resume shall not be forwarded to companies
thereafter.
d) If a student applies to 3 eligible companies and does not turn up for
pre-placement talks, he/she would be classified as not interested in
placements. However a student is welcome to walk out if he/she is not
keen on the profile offered as per the pre-placement talk.
e) If a student is shortlisted for further round of interviews either in
campus or off campus locations, he /she is expected to confirm his/her
availability for the interview by email. If he /she does not confirm
availability by email or avoids attending further rounds of interview
without proper confirmation for 3 companies he/she would be
automatically classified as not interested in placements.
19. Other Important and Relevant points to be considered:
a) While the placement cell shall ensure the whole exercise is carried
out in a fair and transparent manner, we advise the students to be
responsible and co-operative during the whole process.
b) All 2013-15 batch MBA students will be classified as Alumni after
31st July, 2015.

c) As an evidence of clear understanding between the students and the

placement cell and for the benefit of students, all of them are required to
fill up the Placement Registration Form. All the students are advised to
go through the clauses of the registration form and understand them
thoroughly
20. The Institute and the placement cell reserves the right to
make changes in the policy from time to time for the larger benefit
of students as well as to be sensitive to actual market realities.
21. In the event of any contentious issues, the decision of the
Chairperson, Placement Committee would be final and binding.
Srikanth Payal
Head Corporate Relations and Placements,
MSRIM.
Cc: Dean MSRIM.
Cc: Chairperson Placement Committee.
Cc: Academic Head.
Cc: Program Co-ordinators PGDM (AICTE)/PGDM (AIMA),
MBA (UOM)