IIM-Nagpur student lands its highest-ever ₹38L/yr package

Nagpur: The Indian Institute of Management-Nagpur (IIM-Nagpur) has been successful in placing the entire outgoing postgraduate programme (PGP) in management 2022-24 batch during campus placements this year, with the highest package being ₹38.40 lakh per annum.The successful placements also hold significance because all the 255 students have secured job offers at a time when premier institutes like IITs are unable to place their all students during campus drives due to volatile job market. The batch would be graduating during the 8th convocation ceremony on Saturday. The institute also registered a 27% increase in the salaries offered to its students, while over 60 new recruiters participated in campus placements this year. The highest package of ₹38.40 lakh per annum was landed by a student who also has a BTech in computer science. The package has been offered by an information technology enabled services (ITES) firm.The top 20% and top 50% CTC averaged ₹21.24 lakh per annum and ₹18.26 lakh per annum, respectively.An average pay of ₹15.44 lakh per annum and a median pay of ₹15lakh was offered to the batch which comprised 56% boys and 44% girls. Maximum number of offers came from ITES and BFSI (banking finance services and insurance) sectors, which were also the most sought after offering roles in product management, strategy & consulting, sales & marketing, finance, general management.The new companies also belonged to sectors like consulting, conglomerate, manufacturing, logistics, FMCG, pharma and e-commerce etc.Bhimaraya Metri, director, IIM-N said it is a matter of pride that the institute pulled off 100% placements in the midst of a weak job market. “It took us some time but we were able to see all students through. The intellectual capital of IIM Nagpur in the form of experienced faculty members and Nagpur’s robust connectivity attracted the recruiters,” he said. Rahul Chaturvedi, in-charge, career development services, said since its inception in 2015, IIM-N has been able to record 100% campus placement. “At a time when many top-ranked institutions were struggling to get all their students placed, IIM-Nagpur takes pride in claiming that we successfully achieved 100% placement despite many of our recruiters from previous years faced diminished need for new talent and remained absent this year-on,” he said.Chaturvedi added that IIM-Nagpur for its current batch of MBA has been successful in onboarding close to 60 new firms for final placements and 67 new firms for summer placements.Some of the prominent recruiters who visited IIM Nagpur in this cycle are Amazon, IBM, Takshashila Consulting, RBL Bank, Bandhan Bank, Coca Cola, IDBI Bank, IFB Industries, Haldiram’s, City Union Bank, Suzuki R&D Centre, JK Spices, Zaam Labs etc.
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