The placement season at business schools is witnessing a significant uptrend this year with rush of offers from domestic as well as international MNCs and average salaries rising by over 20 per cent.
Reflecting the optimistic business sentiment, corporates across industry verticals are showing keen interest in the current placement season and are offering higher pay packages. In one case of international hiring the salary offered is as high as Rs 68.25 lakh annually.
Some of the country’s leading business schools like IIFT, IMT and IMI are revelling in robust final placements results.
“This year we have got unparallelled interest and support from corporate, well represented by all the industry and verticals, be it automobiles, manufacturing and FMCG,” Vishal Goyal, Group Head-Corporate relations, IMT Ghaziabad and Dubai said.
The average pay package in IMT has also increased. Out of the total batch size of 440, about 241 students were placed on the Day Zero of the placement itself and so far nearly 90 per cent per cent of the batch have been placed.
At IMT, the highest domestic pay package was Rs 23 lakh while the average domestic pay package was above Rs 10 lakh. In terms of international placements, the highest compensation was Rs 25 lakh. With the placement session still underway, the average salary is likely to rise in the coming days.
More than 90 companies have visited IMT so far including Microsoft, Google, Snapdeal, L’Oreal and Cafe Coffee Day.
The Indian Institute of Foreign Trade also witnessed a significant rise this year and achieved 100 per cent placements. The highest salary offered was Rs 24 lakhs and average salary was 14.54 lakhs, with 20 per cent rise in highest salary.
There were 13 international offers and the highest international salary was USD 110,000. Highest domestic salary offered was Rs 24 lakh.
Some of the large companies who have shown interest in IIFT are Mahindra & Mahindra, Godrej, Cipla, Airtel, Deloitte, Google, SAP India, Interglobe, Amazon, Flipkart JP Morgan, Goldman Sachs, Citibank, ITC, L’Oreal, Britannia, TATA Motors, TATA Steel, Eli Lilly etc.
As for International Management Institute, as on date, 70 companies across the sectors like FMCG, E-commerce, IT, BFSI, Automobiles, Consulting and Analytics have recruited students from the batch.
The highest salary as on date in PGDM Batch was 19.25 lakh/per annum (international) and 13 lakh/per annum (domestic). The average salary was 9.4 lakh/per annum.
The E-commerce and consulting sector, 10 per cent each, was the choice of the batch with profiles such as marketing, consultant and analyst.