Mumbai: One of India’s premier management institutions, Loyola Institute of Business Administration (LIBA), announced the successful placement of 85% students from the batch 2017-2018 in its first-phase of placement drive. A milestone achievement in the management education fraternity, the placement drive this year also witnessed top MNCs from across industry segments absorbing students for various job roles. The first-phase also witnessed a significant spike in the remuneration, highest being Rs. 17.5 lakhs per annum.
The campus placement drive saw offers from sectors like Analytics, Ecommerce, Manufacturing and Retail. BFSI emerged as the top industry recruiter this year with a 36% share, followed by 18% recruitment in consultancy sector. Offers from manufacturing sector increased from 4% to 16% and retail industry saw an increase of 7%. This season also witnessed first time offers from Analytics (3%) and E-Commerce (5%) sectors.
Commenting on this, Fr. P. Christie SJ, Director – LIBA said, “We are delighted with the outcome of our placement drive in its first-phase and it is indeed a significant achievement for the institution that 85% of our students have been absorbed in growing industry sectors. LIBA as an institution has always strived in its pursuit of excellence and ethics. This steams from our core principle of offering the ecosystem that thrives by inculcating ethics and excellence at every step in the journey. In our last academic year, we have revamped the curriculum to meet the current needs of the industry and introduced several programs in partnership with industry doyens with a focus to groom our students to think ahead of the curve.”
The campus placement drive had a total of 43 recruiters including MNCs like GEP Consultants, HSBC, Nestle, Walmart, CITI Bank. 14 companies as first timers like Citi Corp, Airtel, Walmart, Bank of America-Merrill Lynch to name a few also secured aspiring candidates from the program.
Apart from the regular recruiters of the tier 1 level, new additions like Citi Corp, Airtel, Walmart, Bank Of America-Merrill Lynch ,HSBC, Amazon Kindle, WABAG, Latent View, 2ADPRO, Indegene, TVS Wheels India Ltd were keen on securing prospective matches. There were also pre placement offers from J.P Morgan, Crisil, Nestle, MuthootFincorp, TVS& Sons.