06 Mar 2018 18:35 IST

IMI Kolkata concludes its final placements for batch 2016-18

The highest final placement package was ₹20 lakh

The International Management Institute Kolkata has concluded its final placements for the outgoing batch of 2016-18 of its flagship PGDM programme with 110 candidates securing offers.

The recruitment process saw participation from 46 recruiters with 112 offers, including 21 first-time recruiters.

The median salary offered to the batch was ₹6.61 per annum and the average was ₹6.54 per annum. Students received 15 PPI/PPOs, an increase in 30 per cent pre-placement offers from the previous batch. The highest package has gone up to ₹20 lakh per annum, an increase of 23 per cent from the previous batch.

With more than 45 companies coming to the campus, the placement season witnessed recruiters from across sectors. E-commerce firms such as Amazon, Naukri.com and Proptiger; consulting firms such as Deloitte, KPMG and PWC India; banking and financial services firms such as ICICI Bank, Federal Bank, HDFC Bank, Bajaj Allianz General Insurance, GIC, and ICICI Securities; start-ups such as Byju’s and OYO; IT firm Genpact; manufacturing firms such as JSW, Reliance Industries and KENT; FMCG firms such as ITC Ltd, Nivea, Mother Dairy, L'Oreal and Too Yumm, were among the recruiters.

There was a four-fold increase in the number of offers made by consulting companies this year.

Summer internship placements

With regard to summer internships, the batch of 2017-19 -- consisting of 126 students -- has achieved 100 per cent placement with the median and average stipend increasing by over 16.5 per cent, with a highest stipend of ₹2 lakh for two months. Over 30 recruiters participated in the summer internship placement process, including 20 new companies.

Sales & marketing, and finance were the primary domains of choice for the candidates, with 47 per cent and 21 per cent of the batch opting for each. 15 per cent of the candidates favoured IT/market research while 9 per cent chose HR management roles.

Recruiters such as JSW, Reliance Industries, Nivea, HDFC Bank, Genpact, ICICI Prudential AMC, IDBI Federal Life Insurance, and Phillip Capital continued to show their immense faith in the potential of the students. Some of the other prominent firms to join the recruiters’ list are Arcelor Mittal, Adani Wilmar, DCB Bank, JW Marriott, Kantar Max Life Insurance, and McVitie's.