New Delhi: Business schools had a strong placement season this year with a rush of offers from domestic as well as multinational companies and average salaries witnessing a double-digit growth.
Reflecting the optimistic business sentiment, corporates across industry verticals showed a keen interest in this year's placement season.
Moreover, many firms also increased their offers this year and also hiked the average offer size. Some of the country’s leading business schools like IIM Bengaluru, IMI New Delhi, and IIM Kozhikode are revelling in robust placements results.
IIM Kozhikode saw over 119 recruiters and 370 offers. The average salary offered to the students was Rs 17.1 lakh per annum, a rise of 12 per cent from last year and the highest domestic package offered was Rs 37 lakh per annum.
IMI New Delhi has also witnessed good placements especially from the BFSI, FMCG, IT and manufacturing sectors. Offers from the analytics and the consulting domains have also increased.
“Recruiters have also increased their compensation with the average compensation rising to Rs 14.9 lakh per annum. The highest salary offered at IMI New Delhi this year is Rs 29 lakh per annum,” IMI New Delhi professor of marketing and dean (placements and corporate relations) Manaswini Acharya said.
IIM Bangalore also successfully concluded an accelerated summer placement.
This year IIM Bengaluru saw participation of 410 eligible students and over 150 companies came to hire students for summer stint.
Ankur Agrawal, Placement Representative IIM Bengaluru said, “Consulting firms continued their preference towards hiring IIMB students with some of them making unprecedented number of offers. Also, marquee and first time PE/VC firms added to the quality of offers rolled out to the students.”
