IIM Amritsar records 100% placements; highest CTC is Rs 58 lakhs

The Indian Institute of Management, Amritsar has concluded its placement for the 2022-24 batch – students of MBA, MBA-Business Analytics and MBA-HRM programmes – with 100 per cent placement. While the highest annual CTC (cost to the company) was Rs 58.52 lakhs, the median CTC was Rs 15 lakhs. The average CTC of the top quartile was Rs 19.59 lakhs, with a median of Rs 17.69 lakhs. Three students chose to join their family businesses, while six chose to try entrepreneurship.

The students were offered varied positions in finance, marketing, consulting, general management, analytics and human resources. Of the 39 pre-placement offers (PPOs), there were two pre-placement interviews (PPIs) and four international offers.

Nagarajan Ramamoorthy, Director, IIM Amritsar, admitted that “this year has been particularly challenging for IIMs/IITs to place students due to various factors like elections, unpredictability in the market, global conflicts and the general economic slowdown.” However, despite the challenges, he acknowledged that “India has shown resilience” and IIM Amritsar is proud “to have maintained its placement momentum.”

Sakshi Aggarwal, co-chair of the placement program, highlighted the increase in job openings and the variety of positions available, reflecting the quality of the program and the potential of the students.

Sujit R. Jagadale, Co-Chair of the Placement Programme, highlighted the institute’s strategic location in Amritsar, which fosters both enthusiasm and resilience in its students. He highlighted the contributions of students to India’s growth, a commitment to which IIM Amritsar remains steadfast.

Over 240 companies participated in the exercise. Regular participants included Landmark Group, TASC, Accenture, Adani Group, Tata Group Companies, Reliance Group, Amazon, Arcesium, EXL, GMR Group, ICICI Bank, Kotak Mahindra Bank, MPhasis and Schneider Electric, among others. New entrants included Egniol Group, DS Group, BharatForge, DOLAT Capital, DawaaDost, EValueserve, Prime Focus Technologies and Unacademy.