Institute of Rural Management Anand (IRMA) placements were held during February 04-09, 2019. The batch of 167 students who participated in the campus placements were placed in three days time. The average salary offered by the business sector organizations stands at 14.24 lakhs per annum (against 12.17 lakhs last year, noting a jump of 17%) and that for the development sector organizations (NGOs, Cooperatives, and Government Development Agencies) stands at 10.43 lakhs per annum (against 9.47 lakhs last year, noting a jump of 10.72%). The median salary stands at Rs. 11.47 lakhs per annum (against 10 lakhs last year, noting a jump of 14.7%). The maximum salary for the batch stands at Rs. 50.31 lakhs and the minimum salary consciously chosen by our student in the development sector stands at 6.20 lakhs. Prof. Pratik Modi chaired the placements activities this year.
This year’s placements experienced a substantial increase in the number of overall job offers received compared to the last year. As an indication of the increased engagement of business as well as development sector organizations with rural, we received 407 job offers from 119 recruiters for the batch. This year 28 students received Pre-Placement Offers (PPOs) from various organizations. The Gujarat Co-operative Milk Marketing Federation is the single largest recruiter this year, as it was the last year. It recruited 20 candidates from IRMA. Cooperatives/Producers Collectives as a sector recruited a total of 32 candidates.
Multinational and national agribusiness corporations such as Tolaram, Afriventures, ITC Agribusiness Division, ADM Agro, Godrej Agrovet, National Bulk Handling Corporation, Seedworks, Adani Wilmar, etc., participated in the placements. From the FMCG and Retail sector, Pidilite, Future Group, Grofers, Big Basket, Metro Cash & Carry, Ninjacart, etc., recruited from IRMA. Banking, finance, and insurance companies such as, ICICI bank, IDFC bank, Fullerton, Vivriti Capital, Northern Arc, Caspian Impact Investments, ICICI Prudential, Bharati AXA, Reliance General Insurance, and several small finance banks recruited from the campus this year.
A total of 28 students took up offers made by NGOs, development agencies and CSR foundations. Organizations such as UNICEF, Tata Trusts (FISE), Vedanta Foundation, Reliance Foundation, BAIF Development Research Foundation, BRLPS – JEEVIKA, Precision Agriculture for Development, Responsible Mica Initiative, REHWA Society, Access Livelihoods Consulting (ALC) etc., recruited through the campus placements.
|Additional Stats||Value (INR)|
|Top 10 Percentile Average||27,65,413|
|First Quartile Average (Top 25% of the batch)||20,28,000|
|Upper Half Average (Top 50% of the batch)||16,45,883|
|Lower Half Average (Bottom 50% of the batch)||9,19,108|
|Compensation Summary||2017||2018||2019||% change (over 2018)|
|Maximum CTC (Overall)||46,50,000||46,50,000||50,31,032||8.19%|
|Mean CTC (Corporate Sector)||10,57,000||12,17,000||14,23,769||17%|
|Mean CTC (Development Sector)||9,37,000||9,42,000||10,42,962||10.72%|
|Mean Overall (Corporate + Development)||10,22,000||11,39,000||12,84,672||12.79%|
|Number of Organizations that announced jobs||92||114||119|
|Number of Vacancies Announced||220||315||407|
|Number of Organizations that participated in process||52||60||52|
|Number of First-time organizations||10||26||18|