IIM-Amritsar recruitment drive concludes with 100 per cent placements

Amritsar, May 24

Despite the copious challenges and variations posed by the changing landscape of the job market and education in 2020, IIM-Amritsar achieved 100 per cent final placements for its MBA batch for 2022, which has the largest number of students among the third generation IIMs.

“Since international recruiters didn’t participate in the placement process this year due to pandemic induced reasons, the highest annual package of Rs 18.16 LPA was received from a domestic firm,” said spokesperson of the placement committee, IIM. The average package for the top quartile of the batch was Rs 15.94 LPA and the overall average CTC stood at Rs 12.68 LPA. The highest annual package saw a drop significantly this year as compared to last year’s highest package that stood around Rs 40 LPA, which can be seen as a result of global economic stress due to pandemic.

For the placement season this year, the institute witnessed amalgamation of offers encompassing various domains ranging from marketing, sales, finance, analytics, HR to some noteworthy offers in the operations domain. Strategy, advisory and consulting roles were also offered to the students from two of the big four accounting firms, viz., Deloitte and Ernst & Young.

Other firms that were part of the recruitment process included ICICI Lombard, Anand Rathi, Accenture, Cipla, Polycab, Xiaomi, Infosys, Amazon, Tech Mahindra, Mu Sigma, Grant Thornton, new marquee recruiters like Gartner, Capital Foods, HCL, etc., visited the campus for the first time during this placement season. The students of the MBA 19-21 batch will be convocated online on 29 May. — TNS