IIM Amritsar Final Placement 2019: Average Salary Up at Rs.12.20 LPA; Records 100% Placement for Large Batch Size

Wednesday, April 10 2019
IIM Amritsar placement 2019
IIM Amritsar has successfully concluded the final Placement 2019 for its third and large PGP batch. Highest salary has gone up to Rs.21 LPA from Rs.17LPA last year and Domestic Average salary has increased to Rs.12.20 LPA from Rs.11.02 LPA last year. 52 companies participated in placement 2019. Despite the large batch size of close to 100 students, IIM Amritsar has achieved 100% placements

IIM Amritsar has successfully concluded the final Placement 2019 for its third and larger PGP batch. Not only it has broken its past record and surpassed the salary packages of its second batch but despite the large batch size of close to 100 students, the institute has achieved 100% placement with much higher offers that many well established top MBA colleges have not been able to achieve.

Announcing the wrapping up the final placement 2019 for its third batch 2017-19, one of the 7 newest IIMs, IIM Amritsar has stated, “The final placements at IIM Amritsar has ended on a high note with 100% placements for the batch of PGP 2017-19. In comparison to last year, there has been a substantial growth in key metrics related to final placements figures. Because of a high interest from the companies based out of India, the students found far more opportunities within the country this year.” 

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Placement Highlights 2019

  • 100% Placement for Large Batch of 100 students
  • Average Salary (Domestic) up at Rs.12.20 LPA in 2019 from Rs.11.02 LPA last year
  • Highest domestic salary up at Rs.21 LPA in 2019 from Rs.17 LPA last year
  • 52 Total Companies participate in Placement 2019
  • Top Recruiters include Accenture, Apollo Munich, CRISIL, Deloitte, GroupM, HDFC Bank, ICICI Lombard, KPMG, Motilal Oswal

Placement Trends: Last 3 Batches
The highlight of this year's placement was a good increase in the highest package from Rs.17 LPA to Rs.21 LPA. In addition, students from the batch received attractive offers. Domestic average salary of the batch increased to Rs.12.20 LPA from Rs.11.02 LPA with an increase of Rs.1.08 LPA from the previous year. The median for the present batch also saw a considerable upward increase from 10.5 LPA to 12 LPA this year. 

A comparative analysis of placements is detailed below:

Placement year
Highest (Domestic) salary (Rs.in lakhs)
Average (Domestic) Salary (Rs.in lakhs)
Placement 2019
21
12.20
Placement 2018
17
11.02
Placement 2017
17
10.26

Top Recruiters
The relevant knowledge, skill and diversity of the students attracted recruiters from various sectors spanning across all prominent domains of management including Marketing, Finance, HR, Operations, Consulting, IT analytics and General Management.

The institute hosted more than 52 recruiters including many first-time participants. The prominent recruiters this year included Accenture, Anand Rathi, Apollo Munich, CRISIL, Deloitte, GroupM, HDFC Bank, ICICI Lombard, KPMG, Motilal Oswal, Tata Teleservices, Thomas Cook, Trident and many more.

In terms of the participation of the industry, BFSI, IT/OTES, Consulting, Telecommunications, Consumer Goods, Advertising Media and others were major recruiting sectors from industry. 

Prof. Debashis Chatterjee, the mentor Director and Director of IIM Kozhikode said, 'It gives me immense satisfaction and happiness that the students of IIM Amritsar under the mentorship of IIM Kozhikode performed very well in their education and achieved well deserved placements proving once again that IIM Amritsar stands differently among the newer generation IIMs. I congratulate the graduating students and wish them best with their career".

Prof. Arun Kaushik, Chairperson, Placement, IIM Amritsar said, "Like previous year, we had a large batch size of close to 100 once again this year, which resulted in addition of new quality recruiters to our existing placement contacts. We have consistently achieved 100% placements because of the trust we have gained and maintained over the last three years in terms of providing quality talent pool to our recruiters."

IIM Amritsar started operation in 2015 with 45 students in its 1st batch. The second batch at IIM Amritsar with 104 students was the largest among all the newest IIMs. The successful completion of Placement 2019 for the third large batch at IIM Amritsar reflects its industry and corporate acceptability.

IIM Amritsar is the 15th Indian Institute of Management set up by the Ministry of Human Resources Development with the support of Government of Punjab in 2015. The permanent campus of the  institute is being set up under the direction and mentorship of IIM Kozhikode.

Stay tuned to MBAUniverse.com for more updates on IIM Amritsar