International Management Institute Kolkata (IMI Kolkata), an initiative of the RP-Sanjiv Goenka Group, has seen 100 per cent placement of its students for the academic year 2018-19. IMI Kolkata has concluded its final placements for the class of 2019 with more than 32 recruiters participating in the campus recruitment process, making offers to the 110 candidates who had opted for final placements in the seventh batch.
For the second consecutive year, IMI Kolkata’s students bagged Rs 20 Lakhs domestic offer. There has been an increase in the average annual compensation by 5.6% as compared to the last academic year. The domestic average and median compensation stood at Rs 6.90 Lakhs and Rs 6.54 Lakhs respectively. The average compensation offered to the top 10 percentile, top 25 percentile and the top 50 percentile of the batch were Rs 11.45 Lakhs, Rs 9.38 Lakhs and Rs 7.95 Lakhs respectively. Eight students opted out of the placement process and decided to pursue their start-up dreams or return to / join their family businesses.
The placement season witnessed a record number of increase in the Pre-placement offers with 21% percent of the batch receiving PPO/PPIs. There was a 31% increase in the number of offers. Multiple offers were made by prominent recruiters such as JSW, HDFC Bank, Deloitte, Federal Bank, ICICI Prudential AMC, CESC, Mahindra Finance, ICICI Prudential Life Insurance, BYJU’S – Think & Learn, Randstad India, Reliance Industries, OYO, Mahindra Finance, Marico, GIC, Info Edge, Kantar, ICICI Bank, Bajaj Allianz General Insurance, ICICI Securities, Capital First, Quest Properties and GD Research. This apart, more than 27% new recruiters on campus included the Philips Lighting – Signify, HDFC Life, Treebo Hotels, Zomato, eTrans Solutions and Godrej & Boyce.
The break-up of offers across domains are as follows: Sales and Marketing – 47%, Finance – 22%, Consulting, Strategy and General Management – 19%, Operations – 10% and OB & HR – 2%.
Professor Arindam Banik, Director, IMI Kolkata stated that “Many new corporates came for campus placements this year and the quality of job roles, diversity, sectoral spread and compensation were improved considerably. The achievements of the year give us confidence that the IMI Kolkata campus will attain greater heights in the years to come.” He further said that IMI Kolkata will continue to work closely with a long-term vision of being an Institution that is perennially trusted by corporates and other stakeholders.