Placement scene improves across India, so do salaries

Many management institutes have witnessed 100% placement with better salaries being offered to students compared to the previous season

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The uncertainty that hung over the placement scene seems to have been lifted to a great extent. Across India, management graduates are getting good offers this placement season. IIM Rohtak witnessed 100 per cent placement and a 16 per cent hike in average salary. About 73 per cent of the students (cumulative) received jobs in the general management and consulting space. There was a hike in the number of pre-placement offers and internships as well. The average salary went up by more than 16 per cent.
The highest domestic CTC was Rs 30 lakhs per annum, and the average salary increased to Rs 15.92 lakhs per annum.

Capgemini, Cognizant, Natwest, Indus Valley Partners, Tata Steel, HDFC Bank, ICICI Bank and other big names participated in addition to Deloitte, Xiaomi and Yes Bank. OYO, Reliance Retail, Schindler, Grasim, Accenture Strategy, Aditya Birla Capital Group, Amazon, Arcesium, Hero Motocorp, Schindler and Bharat Serums were among the 40 new recruiters this year.

The Foundation for Organisational Research and Education or what is popularly known as the FORE School of Management has successfully placed all its PGDM students successfully too. Rs 41 lakh per year was the highest salary (international) offered. The average salary package was Rs 14.04 lakh per annum, with Rs 21.5 lakh being the highest domestic salary offered.

Deloitte, Xiaomi, Dell Technologies, Axis Bank, Infosys, ICICI Bank, Asian Paints, Panasonic, TVS and Hyundai Motor were among the leading recruiters.

According to the National Institutional Ranking Framework (NIRF) data, the academic year 2019-20 saw 342 out of 351 students who graduated being placed with a mean salary of Rs 10.1 lakh.

Meanwhile, the Birla Institute of Management Technology (BIMTECH), Greater Noida also witnessed 100 per cent placement for the 2020-22 batch. The highest annual salary offered for an international job was Rs 24.67 lakh. The average salary offered went up 16.23 per cent in comparison to the previous placement season. The average salary offered was Rs 9.38 lakh per annum, while the highest (domestic) salary offered was Rs 18 lakh.

Most of the offers came from the consulting, information technology (IT) and IT-enabled services (ITeS), accounting for 48 per cent of the total placements, followed by banking, manufacturing and financial services. Amongst the new participants were Yokohama off-Highway Tires, Viacom 18, Dabur India, Bain Capability Network, Kantar, Hitachi, General Mills, Sobha Reality Group and Reliance BP.

At Chandigarh University too, the placement drive saw the highest offer of Rs 52 lakh per annum, which is way higher than the Rs 36 lakh offered last season. About 757 companies made over 7500 job offers.

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