Great Lakes Institute of Management Placement 2023: PGDM Average salary up by 15% at Rs.14.50 LPA and at Rs.18.10 LPA for PGPM; Accenture, JP Morgan Chase, Deloitte, EY among Top Recruiters

Moving ahead of many IIMs and other top B-schools who are yet to complete their placements, the Great Lakes Institute of Management with campuses at Chennai & Gurgaon, has witnessed high Placements 2023 for the 1 year PGPM 2022-23 and 2 years PGDM 2021-23 batch. Not only the placement process is completed, but Great Lakes has recorded a significant increase in both the quality of roles and compensation offered with the Average salary increasing to Rs.18.10 LPA in Placement 2023 from Rs. 17.86 LPA last year for PGPM and by 15% at Rs.14.50 LPA from Rs.12.50 LPA last year for PGDM 2021-23 batch

The PGPM and the PGDM are the flagship one-year and two year full time MBA programs respectively at Great Lakes and are offered to young professionals. The Placement season 2023  witnessed both increased offers from existing recruiters as well offers from new recruiters leading to students getting excellent opportunities as well as increased compensation. Key highlights of Great Lakes PGDM and PGPM Program placements 2023 are shared below:

Great Lakes Chennai 2 Year Full Time PGDM 2021-23 Placements: Key Highlights

• 100% Placements for the PGDM 2021-23 Batch
• PGDM 2021-23 Batch Size: 223 Students
• Students Eligible for Placement: 223
• Average Salary in Placement 2023 has gone up by 15% at Rs.14.50 LPA from Rs.12.50 LPA last year
• Highest Salary has gone up by 78% at Rs.46 LPA from Rs.25.8 LPA last year  
• 41 outstanding students were offered PPO/PPIs post their summer internships
• Average Salary for Top 10% was Rs.23.18 LPA
• Average Salary for Top 50% was Rs.17.30 LPA
• Students were offered varied roles across various industries like BFSI, Consulting, FMCG, Technology, Automobile, Pharma, Retail, Supply Chain & Logistics, and Healthcare. 
• Some of the top roles that were offered are Product Manager, Project Manager, Business Analyst, Knowledge Analyst, Financial Analyst, Process Control Analyst, Consultant, Marketing MT, Customer Success Manager, and Supply Chain Consultant.
• 30 New Recruiters participated in Placement 2023
• Top Recruiters making highest number of offers include JP Morgan Chase, Société Générale, EY, HSBC, BNY Mellon, Deloitte, Jean Martin, and Axtria 
• All prominent recruiters include Bain, McKinsey & Company, JP Morgan Chase, Adobe, Nestlé, EY, PWC, Deloitte, HP, ITC, BNY Mellon, Accenture, Reliance Retail, Crisil, Lowe’s, Société Générale, Dell, Standard Chartered, Wells Fargo, Microsoft, PricewaterhouseCoopers, Mahindra & Mahindra, Barclays, Tata Motors, Aditya Birla Capital, IBM, Reliance Retail, Berger Paints, VE Commercial Vehicles among others

PGDM Placement 2023: Key Trends

• Average CTC increase by 15% compared to last year
• Over 30 New Recruiters with diverse roles hired from the program

Dr. Suresh Ramanathan, Dean, Great Lakes Institute of Management, said, “I congratulate all our PGDM students for making the best use of their learnings and the mentorship that they have received, and leveraging them to get a great jumpstart in their management careers. We would like to thank all our corporate partners for choosing Great Lakes, Chennai as one of the preferred campuses for management talent requirements and extending offers to our students. I also express my deepest gratitude to our faculty, staff, alumni, CCS, and the Placement Committee for their unwavering commitment and efforts, which have resulted in the institute's development in all areas.”

Average Salary for Top 10 to 75% Students
Great Lakes Students of PGDM 2021-23 batch have been offered high salary packages by domestic and multinational companies. Average salary for Top 10 to 75 percent students is shared below

Great Lakes Chennai 1 Year Full Time PGPM Placements 2023: Key Highlights

• 100% Placements for PGPM 2022-23 Batch
• PGPM Batch Size: 337 Students
• Students eligible of Placements: 337
• PGPM Batch placed within 5 months of programme commencement
• Average Salary in Placement 2023 has gone up at Rs.18.10 LPA from Rs.17.86 LPA last year
• Highest Domestic Salary stood at Rs.34 LPA   
• With the average class incoming salary at approximately 6 lakhs, the PGPM students are able to achieve a 200% increase on average in just a year offering great outcomes
• 30 New Recruiters participated in Placement 2023
• Top recruiters include McKinsey & Company, Mahindra & Mahindra, HSBC, Berger Paints, Fullerton, Gale Partners, Infosys Consulting, Junglee Games, Olam, Aptiv, Bluestone, Mphasis, Bain, ZS Associates, Accenture, ADP, Aditya Birla, Bridgestone, Michael Page, Bristlecone, Deloitte, Cognizant, FedEx, HCL, Dell, Incedo Inc., Optum, Tiger Analytics, Lowe’s among others

Key PGPM Placement Trends

• Average outgoing CTC 300% of Average incoming CTC of candidates (all candidates are with prior work experience)
• Accenture, Deloitte and Paytm hired in large number
• Over 30 New Recruiters with diverse roles hired from the program

Commenting on the overall growth, Dr. M. Balaji, Group Director - Corporate & Career Services (CCS), Great Lakes Institute of Management said, “It is heartening to see several leading companies across industries joining existing marquee recruiters in offering our PGPM students a fantastic set of opportunities with varied roles. Our team acted as a catalyst in bridging the skill gaps as demanded by the current hyper-competitive market through CCS Placement-Readiness Programs in addition to the world class curriculum and learning experience at Great Lakes. We thank all our recruiters for showing the faith in the quality of talent offered at Great Lakes and the unique industry focussed curriculum that helps prepare future ready managers.” 

Top Recruiters at Great Lakes
Among the top recruiters at Great Lakes PGDM and PGPM Placement 2023 included Accenture, Deloitte, Cognizant, HCL, JP Morgan Chase, Société Générale, EY, HSBC, BNY Mellon, Jean Martin, Axtria, Adobe, Bain & Co, McKinsey, PWC, ITC, Crisil, Microsoft, Tata Motors, ZS Associates, FedEx, Infosys Consulting, Novac, ADP, Aditya Birla, Bridgestone, Michael Page, Bristlecone, Dell, Incedo Inc., Optum, Standard Chartered, Tiger Analytics, Lowe’s among others

New Recruiters
The highlight of the placement season 2023 was significant increase in the diversity of roles and industries on offer with over 30 new recruiters including Microsoft, PricewaterhouseCoopers, Mahindra & Mahindra, Barclays, Tata Motors, Aditya Birla Capital, IBM, Reliance Retail, Berger Paints, VE Commercial Vehicles, HSBC, Fullerton, Gale Partners, Infosys Consulting, Junglee Games, Olam, Aptiv, Bluestone, Mphasis, etc.

Dr. M. Balaji, Group Director - Corporate & Career Services of Great Lakes Institute of Management, said, “The 2023 placement season for PGDM was special in every sense as it saw the introduction of some of the top marque brands along with the retention of the exceptional brands that visit us regularly. Our team could act as a bridge between these talented students and the world class organizations with their unique requirements. Despite an increase in the batch strength, we could not only place all the students but also increase the quality and diversity of roles at the same time. Our grateful thanks to all the recruiters for their enthusiastic participation in the placement process.”

Domain Wise Placement for PGDM 2021-23 Batch
Finance domain was the top preferred domain with 22% placement followed by Sales & Marketing with 20% share in Placements. Domain/function wise placements as secured by the Great Lakes PGDM batch 2021-23 are shared as below:

Sectoral Placement for PGPM 2022-23 Batch
The PGPM class 2023 has students with pre- MBA experience in diverse industries ranging from 2-8 years. Key Recruiting sectors include – Business & Strategy Consulting, Technology, FinTech & BFSI, Product, Analytics, FMCG & Retail, Logistics, Automotive, Manufacturing, Gaming, Media, Sports, Healthcare, Real Estate among others

Roles & Profiles Offered in Diverse Domains
Students were offered various coveted roles in Analytics, Digital, Business & Functional Consulting, Digital Operations, Finance, Product Management, Operations & Marketing, etc. There were also some very niche roles offered in Digital Operations in terms of Business Transformation, Project Management and Performance Improvement.

The profiles offered to students include Product Manager, Marketing Manager, Retail Logistician, Decision Analytics Consultant, Business Research Consultant, Business Value Architect, Recruitment Consultant, Pricing Analyst, Pursuit Manager, etc.

Great Lakes Institute of Management, founded in 2004 in Chennai, by Padma Shri Dr. Bala V. Balachandran is one of the premier B-schools in India with two campuses. After the Chennai campus, the Great Lakes Institute of Management, Gurgaon Campus was established in 2010.

The application for Great Lakes PGPM and PGDM admission is open with CAT, XAT, CMAT scores.

 

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