Mumbai(S.N): The Institute of Rural Management Anand (IRMA) recently completed the campus placements process for the 42nd outgoing batch of its Post Graduate Diploma in Management (Rural Management) – the PGDM(RM) programme. IRMA takes pride in announcing that the batch of 2021-23 recorded 100% placements.
The highest package offered during the placements stood at Rs 26.5 lakh per annum. The overall average package offered by recruiters stood at Rs 15.5 lakh per annum in this batch, which is higher than the batch of 2022. The median CTC remained at Rs 15 lakh per annum with the lowest being at Rs 08.5 lakh per annum. In yet another feat, students received 36 pre-placement offers from organisations of repute including Flipkart, Zetwerk Manufacturing, Godrej Agrovet Limited, ITC, PI Industries, PricewaterhouseCoopers (PwC) and Tata Steel, among others.
Dr. Umakant Dash, Director, IRMA, expressed immense joy and pride as the placements process fruitfully concluded.
“The PGDM(RM) batch of 2021-23 began its journey in the middle of the pandemic and has proven to be a resilient group, first with their excellent summer internships and now with their outstanding campus placements. IRMA has a legacy of unmatched academic excellence. The placements for the batch of 2023 bear testimony to this. We are immensely grateful to all our esteemed recruiting partners, new and returning, for reaffirming their faith in the students of IRMA, by providing them with coveted roles and opportunities. I congratulate the students on this exceptional performance and wish them all the best in their future endeavours,” said Dr. Dash.
For the batch of 2021-23, Banking, Financial Services, and Insurance (BFSI) industry continued to be a key recruiter, with nearly 42% of the students being placed in this sector. Fast Moving Consumer Goods (FMCG) and Retail and E-Commerce emerged as the second and third largest recruiting segments for IRMA’s 2021-23 batch.
Prominent recruiters through this year’s placement process include Flipkart, the Gujarat Co-operative Milk Marketing Federation Limited (GCMMF), HDFC Bank, ICICI Bank, the National Dairy Development Board (NDDB), SarvaGramFincare Private Limited, Axis Bank, Reliance Retail, Vedanta CSR, Yubi, More Retail, IDFC First Bank, Mahindra Home Finance, Mother Dairy, Grant Thornton Bharat LLP, ITC Limited, Ernst & Young, PwC, Dabur, DCM Shriram, Equitas Small Finance Bank, Pixuate, The Baker’s Dozen, The Digital Fifth, Drools Pet Food Private Limited, FarMart, Khyber Agro, Amul, McDonald’s, RBI Innovation Hub and Redseer Strategy Consulting, among several others.
“The placements process of the batch of 2021-23 is indicative of newer ways that IRMA is exploring to balance aspirations of its students and the institute’s mission. Our students join banks and NBFCs to develop products for rural clients, and in consulting for development and public policy verticals. We saw a growing diversity of representation from various industries which hired our students. We found new interest from fields of technology consulting, consumer durables, food processing, even as our returning recruiters from FMCG, Development and CSR segments continue to repose their faith in our students,” said Prof. Aashish Argade, Associate Dean (Placements).
Key roles and profiles offered to the students of batch 2021-23 include Management Trainee, Project Management Unit Head, Consultant, Deputy Manager, Senior Sales Executive and Credit Analyst, among others.
This year, the increase in CTC has been the highest for students in the top 25 percentile of the batch, indicating that a larger section of the batch registered a healthy growth in the packages. A detailed comparison of packages is elaborated in the table.
|Year-on-Year Comparison of Packages|
|Batch of 2023||Batch of 2022|
|Top 10 Percentile||21.81||20.05|
|Top 25 Percentile||19.92||17.67|
|Top 50 Percentile||17.91||16.70|
|CTC figures in INR lakhs per annum|