IRMA Placement 2018: Average salary up to Rs.11.39 lakhs; records 100% placement in three days

IRMA Placement 2018
Thursday, February 22 2018, 04:06 PM
Institute of Rural Management Anand (IRMA), a pioneering academic institution in rural management education and research has yet again achieved 100% placement in 2018 with higher average salary for its 2016-18 batch and concluded the placement in three days
The combined average salary for the current batch stands at Rs. 11.39 lakh per annum as against Rs. 10.22 lakh last year

The Institute of Rural Management Anand (IRMA), a pioneering academic institution in rural management education and research has yet again achieved 100% placement in 2018 with higher average salary for its 2016-18 batch.

IRMA placements for the 37th batch of its two-year flagship program in rural management (PG Diploma in Rural Management (PGDRM) were held on February 12-17, 2018. Maintaining its 100 percent placements' record since its inception in 1979, the current batch of 180 students were placed in three days' time.

Key Placement trends: Average & Median Salary Up
IRMA Placement 2018 recorded average salary offered by the private sector at Rs.12.17 lakhs as against Rs. 10.57 lakhs last year. For the development sector organizations (NGOs, Cooperatives, and Government Development Agencies) the average salary stood at Rs. 9.42 lakh as against Rs. 9.37 lakhs last year.

The combined average salary for the current batch stands at Rs. 11.39 lakh per annum as against Rs. 10.22 lakh last year while the median stands at Rs. 10 lakh per annum as against Rs. 8.40 lakhs last year. A substantial improvement in the median salary over last year's figure is quite encouraging.

Highest salary at Rs.46.50 lakhs
The highest salary for the PGDRM 2016-18 batch stands at Rs. 46.50 lakh. The lowest salary of Rs. 3.5 lakh was offered by a grassroots NGO to one of the graduates who consciously chose to follow his dream of making a difference in the lives of people.

Compensation Summary (CTC Per Annum)
Placement 2018 (All amount in Rs.)
Placement 2017 (All amount in Rs.)
Max
46,50,000
46,50,000
Mean salary (business organizations)
12,17,000
10,57,000
Mean salary (development sector organizations) 
9,42,000
 9,37,000
Mean overall (business + development sector) 
11,39,000
10,22,000
Median
10,00,000
8,40,000
Minimum salary 
3,50,000
4,50,000
 
315 offers from 114 companies
This year's placements experienced a substantial increase in the number of overall job offers compared to the last year. As an indication of the increased engagement of business as well as development sector organizations with the rural space, IRMA received 315 job offers from 114 recruiters for the batch.

18 PPOs
Placement 2018 at IRMA saw 18 students receiving Pre-Placement Offers (PPOs) from various organizations.

Top Recruiters
The Gujarat Co-operative Milk Marketing Federation (AMUL) emerged as the single largest recruiter this year as it did last year. It recruited 16 candidates from IRMA. Cooperatives/Producers Collectives as a sector recruited a total of 30 candidates. Multinational and national agribusiness corporations like Tolaram, Afriventures, Cummins, Cargill, ITC, Zuari, Mars International, ADM, Godrej Agro, Kancor, Mapro, and so on participated during the placements.

KPMG recruited in consulting positions. Banking, finance, and insurance companies recruited the highest number of graduates. ICICI bank, IndusInd, IDFC bank, Fullerton, Tata AIG, Bharati AXA, Reliance, and several other organizations recruited from the campus placements. 

A total of 16 students took up offers made by government development agencies and NGOs. Organizations such as BAIF Development Research Foundation, Bihar Rural Livelihoods Promotion Society - JEEVIKA, Kudumbashree, Livolink Foundation (An Associate Organization of Tata Trust), Madhya Pradesh Shyama Prasad Mukherji - RURBAN Mission, Madhya Pradesh State Rural Livelihood Mission (MPSRLM), National Dairy Development Board (NDDB), Swaniti Initiative, and URMUL Trust recruited through the campus placements. Prof. Pratik Modi coordinated the placements activities this year.

The Institute of Rural Management Anand (IRMA), established in 1979 by the father of white revolution Dr Verghese Kurien, is a pioneering academic institution in rural management education and research. It is committed to pursuing excellence along with creativity and integrity. The unique strength of IRMA is its concern with integrating development and management in all its endeavours and activities. This perspective sets IRMA apart from other management and rural development institutions, which are largely concerned with either management or development but not both. Today, IRMA is recognized not only as an institution of excellence in teaching and research but also for having successfully created the new discipline of rural management. Its path-breaking approach is being emulated by other institutions in India and abroad. As a premier institution of professional education and development IRMA has evolved unique curricula for its various programmes.

Stay tuned to MBAUniverse.com for more updates on IRMA, Anand Gujarat

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