The Indian Institute of Management (IIM) Jammu has released its final placement report for the fifth batch (2020-2022) of the postgraduate MBA program. A total of 217 MBA students appeared in the placement rounds. During this placement round, the highest salary offered is CTC Rs 32 lakh per year.
According to the reports, the institute has witnessed a 31 percent increase in average salaries over last year. The top 10 percent CTC this year was Rs 29.80 lakh while the median and average CTC was Rs 13.53 lakh and Rs 11.4 lakh per year respectively.
The institute saw more than 119 companies participate in the campus recruitment process. The companies offered the students roles in various fields such as product management, consulting, finance, marketing and general management. Some of the recruiters in the IIM Jammu placement include Amazon, Aditya Birla fashion, Deloitte, HDFC Bank, Vedanta, Xiaomi, Hyundai, Paytm.
The number of tenders received by the institute this year also increased. A total of 222 offers were made this year, while the companies had made 104 offers last year. The highest number of positions offered were in the consulting domain, followed by marketing/sales, operations and finance.
Meanwhile, 52 percent of the jobs offered were in the IT & Analytics sector and the rest in the automotive, Edtech, BFSI and energy sectors, among others. The entire placement process was conducted online, taking into account the ongoing COVID-19 pandemic.
Professor BS Sahay, director of IIM Jammu, highlighted the increase in placements over the past year despite fears about COVID-19 and said this indicates “an optimistic placement scenario”. He added that the batch size was also larger than last year and claimed the placement was a success this year.
Professor Jabir Ali, Chair, Placements outlined the jump in the mean and median package offered this year. He added that “the success of the placement season is driven by recruiters’ confidence in IIM Jamm,” a statement said.
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