Who’s hiring and at what salaries at B-schools?

The placement season in leading Indian B-schools is getting a robust response from consulting and financial firms, among others, with the average annual salary crossing ₹20 lakh. Here are the underlying trends.

How are the IIMs performing?

Of the 20 Indian Institutes of Management (IIMs), a few, including IIM-Calcutta, IIM-Lucknow and IIM-Kozhikode, completed the placement process within three days. IIM-Calcutta saw 123 firms offering 501 jobs to 441 final semester students. At IIM-Ahmedabad, the first cluster of final placements is over with top consulting firms making attractive offers. IIM-Lucknow and IIM-Kozhikode have placed 460 and 400 students, respectively.

What about other top B-schools?

Top B-schools, including Xavier’s Labour Research Institute (XLRI), SP Jain Institute of Management and Research, Great Lakes, and Indian Institute of Foreign Trade, have finished placements with firms making attractive offers.

What was the average salary ?

The average salary across top Bschools was over ₹20 lakh p.a, up 5-16% from last year. While average annual salary for IIM-Calcutta was ₹25.36 lakh, XLRI’s was ₹22.35 lakh.

Which sectors were top recruiters from?

Consulting, financials, Information Technology (IT), and consumer durable companies hired the bulk of the management graduates, while sales and marketing roles were a top draw.

What do placements at top B-schools say about the market?

While top institutes are reporting good hiring, hundreds of B-schools from smaller cities are facing a tough time in placing their students.