BIMTECH Achieves Stellar Placements with Highest Package of 24.43 LPA, BFSI Top Recruiting Sector
Editor’s Synopsis:
· 464 students placed both internationally and nationally.
· Placement rate of 97.07%.
· Highest package stood at 24.43 LPA.
· Average package offered was 11.10 LPA.
· More than 145 companies visited.
Mumbai, 19th June 2024:
Birla Institute of Management Technology (BIMTECH), a leading B-school in India, is pleased to announce its exceptional placement results with a placement rate of 97.07%, for the batch 2022-24 despite the slowdown in MBA job market. The institute recorded phenomenal achievement with the highest package offer (international) reaching INR 24.43 LPA. The average package stood at INR 11.10 LPA. Further exemplifying the success, BIMTECH saw 464 of its young and innovative minds being placed across both international and national markets.
The placement drive was carried out for its four two years full-time programs: PGDM, PGDM- International Business, PGDM-Retail Management, and PGDM-Insurance Business Management. The highest CTC for PGDM was INR 22.00 LPA, followed by PGDM (International Business) at INR 22.00 LPA, PGDM (Retail Management) paying INR 24.43 LPA, and PGDM (Insurance Business Management) highest CTC was INR 14.00 LPA.
Talking about the resounding success, Dr. Prabina Rajib, Director, BIMTECH shared, “BIMTECH has yet again maintained its legacy with the remarkable placements witnessed this year. The visit of 145+ recruiters is a testament to the dedication of our faculty, our academic programs, and the sturdy corporate relations built. There is a rise in the demand for tech-friendly & digitally oriented C-suits capable of making strides in the technological interventions happening around us. Hence, our institution has delivered talent which is capable of navigating through these ever-changing tides and excelling in their chosen fields.”
BIMTECH’s robust placement spell garnered more than 145 leading companies from various sectors including 39 new organizations. Several prominent companies such as Landmark Group (Homecentre), Blackrock, EY India, Deloitte, Wipro Ltd., KPMG, Infosys, Make My Trip (MMT), and SBI General Insurance Co. Ltd. to name a few participated in this year’s placement drive.
Students were offered diverse roles including Senior Analyst, Business Analyst, Area Manager, Consultant, Management Trainee, Digital Demand Analyst, Research Associate, Associate Solution Advisor, Deputy Manager, and Business Development Manager, among others.
According to the placement officials at BIMTECH, various sectors engaged in the hiring phase but the prime recruiting sector was Banking, Financial Services & Insurance at 37%, followed by IT & ITES, and Consultancy, at 18% and 15% respectively. Other prominent sectors also contributed to the hiring as follows: Manufacturing 9%, FMCG/FMCD 4%, Retail 4%, Logistics 2%, Market Research 1%, and Others (Media, Real-estate, Edutech, and Telecom) 10%.
The current season recognized a switch from traditional selection methods like Group Discussion (GD) to a hybrid recruiting process with a blend of online and offline techniques to evaluate students for different competencies. Occupational personality questionnaire (OPQ), case analysis using data and new age tools, and/or guesstimate rounds were used as major assessing mechanisms.
Inspired by its founder late Basant Kumar Birla, BIMTECH pioneers innovative programs like PGDM, PGDM-International Business (IB), PGDM-Retail Management (RM), and PGDM-Insurance Business Management (IBM), nurturing individuals into global leaders. BIMTECH proudly holds the 48th position in the Management Category in NIRF-National Institutional Ranking Framework 2023 and secures the 17th rank among the top private B-Schools in India, as per Business Today-MDRA Best B-Schools Ranking 2023. Also, BIMTECH is now AACSB accredited, joining the Ivy League of Top Globally Recognized B-Schools. Fostering a symbiotic relationship, the institute excels in management education, supported by its globally placed robust alumni network of over 7000 individuals.
