The highest CTC stands at 37 LPA, average CTC of the batch 2021-23 stands at 18.11 LPA
IIM Kashipur, one of the premier management institutes in India, has recently concluded the Final Placement Season for its MBA and MBA (Analytics) batch of 2021-23. The season witnessed an exceptional response from the recruiters, leading to a record-breaking achievement. With the highest package of Rs 37 LPA, the placement season closed off on January 10th, 2023, making it the fastest-ever placement season in the institute’s history. The exceptional performance of the students and the institute’s commitment to academic excellence have once again set new benchmarks in the domain of management education.
Key points regarding the placement season for IIM Kashipur’s MBA and MBA (Analytics) batch of 2021-23:
- The highest package offered to a student was Rs 37 LPA, which is a significant increase from the previous year.
- The average CTC (Cost to Company) for the batch stands at 18.11 LPA, which is a growth of 19% compared to the previous year.
- The median CTC for the batch is 17.2 LPA, with a year-on-year growth of 16%.
- The highest CTC for the batch stands at 37 LPA, which is a remarkable growth of 28% over the previous year.
- The top 10% of the batch secured an average CTC of 28.5 LPA, while the top 20% secured an average CTC of 25.9 LPA.
- The top 30% of the batch secured an average CTC of 24.5 LPA, with a year-on-year growth of 21%, 20%, and 22%, respectively.
This accomplishment was followed by another milestone wherein IIM Kashipur went through an independent audit for both summer and final placement reports as per IPRS standards. IIM Kashipur is one of the few IIMs following IPRS to prepare and report placement data.
Prof. Utkarsh, Chairperson, Placements and Corporate Relations, IIM Kashipur, said, “IIM Kashipur is determined to develop strong corporate relations and placement opportunities for the students. This year, we saw active participation by 120+ organizations extending a total of 320+ offers to the MBA and MBA (Analytics) batch of 2021-23. I would like to extend my warm gratitude to all the corporate organizations and recruiting partners for shaping this success story and anticipate fruitful synergies in the coming times.”
During the recruitment drive, IIM Kashipur saw the addition of numerous new and reputable organizations to its list of esteemed recruiters. Prominent names such as HashiCorp, EXL Analytics, Royal Bank of Scotland, Nomura, and MTR Group joined a host of other recruiters. The IT and BFSI sectors emerged as the primary recruiters during this placement season. In total, over 200 organizations participated in the summer and final placements, with more than 50 new organizations recruiting from IIM Kashipur this year.
The trend observed during the final placements continued during the summer placement drive for the batch of 2022-24 at IIM Kashipur. The Summer Placement Season for this batch also concluded on March 28th, 2023, and the institute witnessed the addition of several new recruiters, including GSK, Maersk, Tiger Analytics, TATA Capital, HSBC, and IOCL, among others. In addition, long-term recruiting partners such as ICICI Bank, Shree Malani Foams, OfBusiness, PUMA, and the Reserve Bank of India played an essential role in the successful completion of the summer placement drive.
Students at IIM Kashipur actively enhanced their corporate presence with amazing wins in various corporate and B School competitions by bagging 1 National Winner award, 8 National Finalists, and 4 National Semi-Finalists positions.
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