BITSoM, the new-age business school in Mumbai, has announced placement outcomes for its founding class (MBA 2021-23), recording an average CTC of Rs 23.85 lakh per annum and the highest CTC at Rs 50.10 lakh in its very first year of placements. Students bagged opportunities from leading companies in coveted roles across industries. Students with prior full-time work experience who had declared their last drawn salaries at an average of Rs 7.34 lakhs were placed with an average post-MBA CTC of Rs 20.81 lakh per annum.
The top 10 percent of the class were placed with an average CTC of Rs 37.02 lakh per annum. The average for the top 30 percent is Rs 30.42 lakh, and the top half has an average CTC of Rs 28.17 lakh. The median CTC is Rs 23 lakh. The statistics include 37 students who accepted pre-placement offers.
The placements attracted offers from prominent companies across various domains like General Management, Consulting, Sales and Marketing, Product Management & Technology, and Finance. Top-tier consulting firms like McKinsey & Co., Bain & Co., Kearney, Arthur D Little, Praxis Consulting, EY, PwC, KPMG, Deloitte India, and MXV Consulting were hired during the placement process. All the positions offered in the consulting firms are in management consulting, tech consulting, human capital consulting, or deals and M&A. Marquee employers from the BFSI sector also made offers, including JP Morgan Chase (investment banking), Cervin Ventures (venture capital), Eight Capital (private equity), Aditya Birla Capital, ICICI Bank, Kotak Mahindra Bank, Yes Bank, and FlexiLoans.
Organisations that made offers for their flagship management trainee programmes include Hindustan Unilever, Pidilite, Aditya Birla Group, and Vodafone Idea. Furthermore, employers such as Signify, Aditya Birla Fashion and Retail, Eureka Forbes, BP, Arcelor Mittal, CISCO, Bosch, Tiivra, and HT Media, also recruited students across functions. The B-school drew some new-age and tech companies like FanPlay IOT, Freyr Solutions, Zapcom, Accenture, HSBC Technology, Wolters Kluwer, and More Retail for roles in Product Management and Technology.
With the placement process nearing completion for the founding class, Mr. Uday Virmani, Assistant Dean, External Engagements, said, “It is rare for a school in its first year to have companies like McKinsey & Co, Bain & Co, AD Little, Kearney, Hindustan Unilever, JP Morgan Chase, and BP hiring from its founding class, and offering the kind of roles that they did. We are very happy with the outcomes, and at the same time, thanks to these organisations who have put their faith in the School and in our students.”
Dr. Ranjan Banerjee, Dean BITSoM, stated, “This outcome has been possible due to our unique curriculum, the personalised developmental inputs led by Dr. Leena Chatterjee, the efforts of a stellar faculty pool from across the world, and a top-notch career services team. Credit must also go to our motivated and collaborative students, who worked together to make a statement as the founding class of BITSoM. For the few students left to be placed, we are working towards ensuring the best possible placement outcomes and expect the process to be completed soon. While we have made a very good start, our aspirations are very high, and we will do our best to improve and learn rapidly in the coming years.”
BITS School of Management, BITSoM is a new-age global business school under the aegis of BITS Pilani. Located in India’s business capital, Mumbai, BITSoM is inspired by the spirit of excellence and entrepreneurial culture that BITS Pilani has nurtured over five decades. Building on this legacy, BITSoM offers a new-age MBA programme with a future-ready curriculum and a transformative experience that will prepare students to be lifelong learners and thrive in an ever-changing business landscape. With a faculty hand-picked from among the best business schools across the world, BITSoM is a school for business and life that aims to bring out the best in the next generation of leaders.