Amritsar: IIM Amritsar, being mentored by IIM Kozhikode, has successfully completed final placements for its maiden batch (2015–17) of the PGP (Post Graduate Program in Management) seeing participation from major brands like E&Y, KPMG, GroupM, ICICI Lombard, Pidilite, Dell, Emami, Finacus, Safe Express, Azure Power, Dish TV and Motilal Oswal.
The highest domestic package offered was of INR 17 lakhs per annum with the average package offered being INR 10.26 lakhs per annum. The placement season for the maiden batch of 44 students witnessed a participation of more than 50 companies rolling out 48 offers in the domains of Sales & Marketing, Finance, General Management, Strategy & Operations, Consulting & Analytics, and Digital Marketing. The fact that many students of the very first batch received PPOs, stands a testimony to the strong edifice of this institution and also reflects on the depth of the calibre of the first batch.
Summers Placements for the second batch (2016–18) of the PGP too saw a remarkable increase in the highest domestic stipend as compared to the last year with an average of INR 49,000 and highest being INR 1.1 lakhs. A total of 121 offers were made to 104 students with 51 companies recruiting for multiple roles such as Consulting, Sales and Marketing, Finance, General Management, Ops and HR. Some of the major recruiters were Ernst & Young, ICICI Lombard, RBI, Adani Group, SBI DLF Pramerica, Maruti and Shopclues among others. E&Y, stood out as the largest recruiter making a total of 20 offers. With increase in the batch size from 45 to 104 as compared to the previous year, the Institute saw a remarkably improved placement performance with better offers and an increase of 49% in the average stipend.
Abdulqadir Dula, Member of the Students’ Placements Committee quoted, “IIM Amritsar, one amongst the 7 new IIMs setup in 2015, has been able to build a strong & sustainable corporate relationship with many leading firms in a quick time.” Vivek Kumar, another member appreciated IIM Kozhikode’s endeavours in nurturing and building IIM Amritsar.