IIM Amritsar Concludes Placements for MBA Batch of 2019-21
Despite the copious challenges and vicissitudes posed by the changing landscape of the job market and education in 2020, IIM Amritsar clinched a befitting conclusion to the academic year 2020-21 by achieving 100% final placements for its MBA05 batch. The Institute celebrates 100% final placements during these difficult times as we understand how placements not only brings joy and prosperity to the families of our students but also to their companies, communities and the country.100 percent placements for our students is also a testament to the continued faith reposed by the recruiters in our students.
Notwithstanding the challenges posed by the pandemic, the Institute ensured relevant placements for the fifth MBA batch which has the largest number of students among the third generation IIMs. “Since international recruiters didn’t participate in the placement process this year, the highest annual package of INR18.16 LPA was received from a domestic firm,” reported the Placement Committee of IIM Amritsar. The Committee also shared, “The average package for the top quartile of the batch was INR 15.94 LPA and the overall average CTC stood at INR 12.68 LPA.”
For the placement season this year, the institute witnessed a well-balanced amalgamation of offers encompassing various domains ranging from Marketing, Sales, Finance, Analytics, HR to some noteworthy offers in the Operations domain. Strategy, Advisory & Consulting roles were also offered to the students from two of the Big Four accounting firms, viz., Deloitte and Ernst & Young.
IIM Amritsar strongly believes that we could tide over the challenges posed by the pandemic only by firmly holding on to our past associations and by warmly joining hands with new firms. Therefore, while reputable firms viz ICICI Lombard, Anand Rathi, Accenture, Cipla, Polycab, Xiaomi, Infosys, Amazon, Tech Mahindra, Mu Sigma, Grant Thornton, and the likes returned for recruitment, affirming the quality of the students of the institute. The new marquee recruiters like Gartner, Capital Foods, HCL, etc., visited the campus for the first time during this placement season.
Final Placement 2020
In a fitting conclusion to a glorious academic year 2019-20, IIM Amritsar concluded 100% final placement of its MBA04 batch, even amidst a slight economic stagnation throughout the year. The key metrics continued to display an upward trend once again this year, with the average CTC reaching Rs.12.61 LPA, a modest increase over the last year. The highest domestic annual package spiralled to Rs.40 LPA, marking a 90% YoY increase. The average for top-quartile witnessed a 15.15% growth as compared to last year, reaching Rs.17.86 LPA from Rs. 15.51 LPA.
The placement drive saw a balanced mix of offers for all the management domains like marketing, sales, and finance, along with some noteworthy offers in the operations domain. The institute, for the first time, witnessed a healthy spike in advisory & consulting roles offered to the students from three of the Big Four accounting firms, viz., Deloitte, Ernst & Young, and KPMG. In addition, IIM Amritsar witnessed marquees like Amazon, Grant Thornton, Bisleri, Aditya Birla Sun Life, etc., visiting the campus for the first time, along with several reputable firms viz., ICICI Lombard, Anand Rathi, Accenture, L&T and the likes returning for recruitment.
Final Placement 2019
The final placements at IIM Amritsar has ended on a high note with 100% placements for the batch of PGP 2017-19. In comparison to last year, there has been a substantial growth in key metrics related to final placements figures. Because of a high interest from the companies based out of India, the students found far more opportunities within the country this year. As a result, the highest domestic annual package has shot up from 17 LPA to 21 LPA this year. The domestic average of the batch has also increased significantly from 11.02 LPA to 12.2 LPA, with YoY growth of 10.7
Final Placement 2018
IIM Amritsar achieves yet another milestone as the final placements for the second batch concludes on a high note. 100% placement was achieved well ahead of graduation of the batch despite the current batch growing double in size, that is, 104 compared to the previous batch size of just 44. The highlight of this year's placement was a huge increase in the highest package, leapfrogging three times from the previous year to 54 LPA. In addition, seven from the batch received attractive international offers.
The relevant knowledge, skill and diversity of the students attracted recruiters from various sectors spanning across all prominent domains of management including Marketing, Finance, HR, Operations, Consulting, IT analytics and General Management. Besides the continued association with our prominent recruiting partners like ICICI Lombard, Muthoot, Shopclues, Motilal Oswal, Magic 9, HFCL etc., this year, we also hosted many other new recruiters including major industry leaders like Amazon, Accenture, CRISIL, Infosys, Virtusa, Capita, JK Tech, IndiaMart, Cadila, RustomJi, NTC, Thomas Cook, Walmart, Anand Rathi, TCS, Vaibhav Global, Reliance Home Finance & Nippon Paints, etc.Other feathers of success for this batch include the International Placements in prominent houses of Tolaram, Squareyards & Protiviti.
The top 10% of students secured an average salary of 22.3 LPA and the average salary of the batch stood at 11.93 LPA with an increase of 16.28% from the previous year.
Chairperson (Placement), Prof. Arun Kaushik gave the credit of this accomplishment to the Placement Team of IIM Amritsar and he appreciated the team's efforts. IIM Amritsar is currently running under the mentorship of IIM Kozhikode Director, Prof. K. Balooni, whose continuous support and involvement has made the institute achieve this height of success within a short span since inception.
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