In the world of higher education, Indian Institutes of Management (IIMs) are known for their excellence, guiding the careers of future business leaders. Amidst discussions about fewer job opportunities in certain top-ranked business schools, certain IIMs have defied expectations, reporting placement figures surpassing those of the previous year. However, an early trend of recruitment suggests a decline in job offers from consultancy firms in the IIM Placements 2024. Consulting firms are known for their lucrative salaries.IIM Placements: Breaking Down the NumbersLet's dive into the specifics of IIM Placements 2024 at three top IIMs – Ahmedabad, Calcutta and Lucknow, – and decipher the factors contributing to their successful placements in 2024.
IIM Ahmedabad
While specific placement details are undisclosed, IIM Ahmedabad has reported 23 new recruiters this year. Notable names include Bluestone, Crompton Greaves, DE Shaw, Diageo, HDFC ERGO, India Sotheby’s International Realty, and others, reflecting a diverse recruitment landscape.Read the detailed placement report hereRead the IIM AHMEDABAD Placements Analysis here
IIM Calcutta
IIM Calcutta has witnessed a remarkable surge in recruitment interest, with 194 companies hiring students from its post-graduate program (PGP) batch this year, compared to 190 last year. Moreover, the highest pay package has soared from Rs 1.05 crore to Rs 1.15 crore in 2024, signifying a positive trajectory for students.Read the detailed placement report here
Despite facing challenges, IIM Lucknow has seen a notable increase in the number of recruiters, jumping from around 200 to over 250 this year. However, the total job offers have remained relatively static at 634, compared to 632 last year, indicating a shift in recruitment dynamics.Read the detailed placement report hereDecoding the Trends: Insights from ExpertsExpert analysis sheds light on the IIM Placements 2024 in the evolving job market dynamics. Despite changes in recruiter profiles, the enduring credibility of IIMs ensures that salaries remain competitive. Students are also exploring opportunities in sectors resilient to market fluctuations, demonstrating adaptability and pragmatism. A professor at IIM Kozhikode remarked that “though the profile of the recruiters changes in a bad year,” the salaries aren’t impacted. “We (IIMs) have built credibility over the years. Of course, the job offers tend to be different in a tough market.”Charting the Course: Placement RecordA comparative analysis of placement records reveals interesting insights. While consulting roles still dominate at IIM Calcutta, constituting 32% of placements, general management roles have seen a rise, accounting for 24.6% of placements. Notable recruiters in this category include ITC, Dabur, Vedanta, Adani, Hinduja, Aditya Birla Group, JSW, and Reliance. In the preceding year, there was a higher proportion of consulting job offers, accounting for 40.5% of the total, while general management positions constituted only 14.3% of the overall offers.Embracing Change: Looking AheadIn the words of Ronesh Puri, MD at Executive Access, the evolving placement patterns at IIMs reflect broader market conditions and the capabilities of individual students. As the landscape evolves, IIMs continue to adapt, ensuring that students are well-equipped to navigate the challenges of the corporate world. He was quoted as saying, “The best companies are always in need of talented people. If the top-notch institutes like IIMs are witnessing some change in their placement patterns, it could be due to general market conditions and specific to the capabilities of individual students in these institutes,”ConclusionIn conclusion, the success of IIM placements 2024 emphasizes the resilience and adaptability of these premier institutions. Despite facing headwinds, IIMs remain pillars of excellence, shaping the future leaders of tomorrow's business landscape.All facts and figures in this article have been sourced from an article published by the Financial ExpressAlso Read: