Placement Season 2021 for PGDM(RM) 40 batch (2019-21) of IRMA started in the backdrop of a terribly bruised economy, which registered a huge deceleration due to the pandemic. Placement scenario across B-schools has been tough. Despite initiating the placement processes as early as November, most such institutes have not been able to conclude the process even by February. Against this background, the immense efforts of IRMA’s Student Placement Committee can be called exemplary as the total offers secured were much higher than the batch size of 215. The placement process began on 2nd February 2021, and it could be placed on record that IRMA could secure 100% placement yet again, despite a tough year, economically.
1.0 Job Offers and Packages
A total of nearly 116 organizations confirmed their participation in the placement process. More than 330 offers were made by these recruiters.
Out of the 215 students in the batch, 27 secured pre-placement offers based on the work done in internships and live projects. During the placement process, the highest package offered was Rs. 19.00 lakhs per annum, and the lowest was Rs. 5.40 lakhs per annum, across organizations ranging from not-for-profit to for-profit. The median package was Rs. 10.10 lakhs per annum and the mean package was Rs. 10.64 lakhs.
Table 1.1 presents a snapshot of packages offered during the placement process in February 2021.
Chart 1 below presents a certain frequency distribution of the packages, on the basis of students’ perception of the package brackets. Nearly 39% of the batch secured packages above Rs. 12.00 lakhs per annum, a number which was a benchmark for the batch with respect to the fees. About 33% secured between Rs. 9.00 and Rs. 11.90 lakhs per annum; 28% of the batch was placed at packages between Rs. 5.40 and 9.90 lakhs.
2.0 Recruiting Organizations
A diverse set of recruiters participated in the campus placement process. Dairy cooperatives, banks, NBFCs, agribusinesses, NGOs, public sector organizations represent the diversity. An important highlight of placements this year has been the active participation of several start-ups. While a majority of the positions were in sales and marketing function, this year also saw organizations recruiting students for mainstream finance, supply chain and procurement roles as well.
An important highlight of placements this year was the active participation of several start-ups. While a majority of the positions were in sales and marketing functions, this year also saw organizations recruiting students for mainstream finance, supply chain and procurement roles as well.
A total of 28 students took up offers made by NGOs, Government and Development agencies and CSR foundations. Organizations including Vedanta CSR, NTPC CSR, Brooke India, Foundation for Development of Rural Value Chains (FDRVC), BAIF Development Research Foundation, BRLPS – JEEVIKA, Panchayati Raj-Govt. of Telangana, and Access Livelihoods Consulting (ALC) were other prominent recruiters.
Agribusiness corporations including Gujarat Cooperative Milk Marketing Federation (GCMMF), ITC Agribusiness Division, Dabur India, Godrej Agrovet, Coromandel International, Adani Wilmar, Cargill, among others, participated in the placements. Recruiters from the retail sector included More Retail and Reliance Retail. From the domain of Consulting, Grant Thornton Bharat LLP, CMS, and Technopak Advisors were the prominent recruiters. From the AgTech domain, Reliance Jio, Grow Indigo, DeHaat, Intello Labs, among others, participated.
From the Banking, Financial Services and Insurance (BFSI) domain, Yes Bank, ICICI Bank, IDFC First Bank, Axis Bank, Fullerton, Vivriti Capital, Northern Arc Capital, TVS Credit, Navadhan Capital, Caspian Impact Investments, SBI General Insurance, IFFCO Tokio General Insurance, Arth Rural, along with small finance banks like Utkarsh SFB, ESAF SFB, participated.