The Indian Institute of Management, Ranchi, on Thursday announced that it had “successfully completed the final placement” for all the students of its 2019-20 MBA and MBA-HR (human resources) programmes, despite the pandemic situation.
All 273 students — 201 in MBA and 72 in MBA-HR — have been offered jobs by reputed companies this year, said a release issued by the institute on Thursday. It said 167 companies had participated in the placement process this year.
The average pay package offered to MBA students was Rs 14.69 lakh per annum while the highest CTC was Rs 26.50 lakh per annum, the release said. The average package for MBA-HR students was Rs 14.68 lakh per annum, with the highest offer being Rs 29.75 lakh per annum, it added.
Asked about the 100 per cent placement for its students during the pandemic, institute director Shailendra Singh told The Telegraph: “The performances of the previous students of the institute who are well placed across the domains have created a good impression about IIM-R among the employers who keep returning to Ranchi for recruiting our students.”
“The sincerity of the present students and the efforts put in by the faculty members also helped in providing cent per cent placements,” he added.
“The placement process was really very satisfying as we didn’t feel the problem that many others faced in various institutes where offers were either withdrawn or withheld during the pandemic last year,” said Subham Singha Roy, an MBA-HR student who just joined “one of the leading manufacturing companies of the country”.
The recruiters offered diverse roles in the functional areas across various domains.
Among those, sales and marketing had the highest number of jobs comprising 31 per cent of the total offers followed by strategy and consulting (20 per cent), operations and general management (20 per cent), IT and analytics (17 per cent) and finance (12 per cent).
The placement session featured the return of major brands and prominent companies like Accenture, Aditya Birla Capital Ltd, Asian Paints, Byju’s, Birlasoft, Capgemini, Cognizant, Deloitte, Godrej, HSBC, ICICI Bank, ICICI Lombard, Infosys, JP Morgan and Chase, Kotak Mahindra Bank, Mahindra and Mahindra, Maveric Systems, O9 Solutions Inc, Oxane Partners, RBL Bank, Samsung, Tata Steel Ltd, Tech Mahindra, TVS Motors, Ultratech, Vedanta Group, Yes Bank and many more, the release said, adding that there were also some first-timers.