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Three students out of the 505 graduating students decided not to participate in the placement drive as they opted to pursue entrepreneurship.
IIM Mumbai Placement Highlights
The IIM Mumbai placement drive was conducted for a month in which recruiters from various fields and locations exceeded 200. According to the institute, the placement season witnessed good salary packages for different performance groups. The highest salary offered in India for this placement season was ₹71.4 lakh per annum. The average salary for different performance groups was as follows -
Top 10% of students - Average package of ₹47.5 lakh per annum
Top 20% of students - Average package of ₹41.4 lakh per annum
Top 50% of students - Average package of ₹34.5 lakh per annum
The students were placed in various fields such as banking and financial services, consulting, FMCG, general management, information technology, manufacturing, operations, logistics, pharma and healthcare, product management and sales and marketing.
Consulting and BFSI See Strong Hiring
Consulting emerged as the largest hiring sector this season with 123 offers made during the placement season. There has been a 33% increase in hiring by the BFSI sector compared to last season making it the fastest-growing sector this season. This is a reflection of the institute's growing reputation among financial services organisations located in Mumbai.
Hiring by FMCG organisations has seen a 24% increase indicating a steady demand for FMCG professionals.
Hiring by logistics organisations has seen a strong growth rate. This is a reflection of the institute's established expertise in supply chain and operational strategy as well as its specialised MBA Operations and Supply Chain Management program.
New Recruiters Participate
There were some companies participating in the placement drive for the first time. These companies were Aequitas Investments, African Industries, Arvind Fashions Limited, AWL, Bayer, BDK Valve, Birla Pivot, Bristlecone, Dalmia Bharat, Dezerv, Dr Lal PathLabs, ET Money, eTrade Marketing, Fibe India, FinRight Technologies, Grupo Bimbo, HCLSoftware, IndiaFirst Life Insurance, IndiaMART InterMESH, Indian Clearing Corporation Limited, Intueri Consulting, Isa Logistics, LivSYT, Lyric, Media.net, Mindsprint, Nexsales, Nomura, Nouryon, ORO Labs, Oxane Partners, Partnr, PolicyBazaar, Power Finance Corporation Limited, Procol, Ramkrishna Forgings Limited, Roc360, Shaadi.com, Sirius AI, Straive, Truemeds, Virtusa and Wings Pharmaceuticals.
Major Recruiters Offering Jobs
Well-known firms like AB InBev, Bajaj Auto, Citi, Eternal, Glenmark Pharmaceuticals, Goldman Sachs, J.P. Morgan Chase, Kearney, Mondelēz International, PepsiCo, Pernod Ricard, Pidilite Industries and Swiggy have made significant offers in different roles.
There were also some old recruiters making their presence felt again in the placements process for this year. Some of these recruiters were Accenture Strategy & Consulting, Amazon, Asian Paints, Colgate-Palmolive, Diageo, Flipkart, Godrej Group, Hindustan Unilever, ITC, L’Oréal, Microsoft, Nestle, Procter & Gamble, PwC US Advisory, Reliance Industries and Tata Administrative Services.
Director on the IIM Mumbai Placement Season
Manoj Kumar Tiwari who is the director of Indian Institute of Management Mumbai stated that the placement season outcomes demonstrate the evolving requirements of the business world and the institute’s capacity for preparing students for the same.
In his view, the business world is evolving and the requirements of the same can be seen where companies are increasingly seeking management professionals who can handle finance, analytics and artificial intelligence.
Further, the significant increase in BFSI hiring can be attributed to the institute’s location which is Mumbai and the focus on finance education.
In his view, the graduates of the institute are joining the business world not only as managers but also as professionals who can create changes within the business environment which is dominated by artificial intelligence.
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