IIM Amritsar Placement 2018: Highest salary shot up to Rs. 54 lakhs; Average package up at Rs. 11.93 Lakhs

IIM Amritsar placement 2018
Tuesday, April 10 2018, 02:33 PM
IIM Amritsar has successfully concluded the final Placement 2018 for its second PGP batch. The institute has not only broken its own past record in grabbing higher salary packages but despite the large batch size of 104 students, it has achieved 100% placements
The highlight of this year's placement was a huge increase in the highest package, leapfrogging three times to Rs.54 LPA in 2018 from Rs.17 lakhs last year

IIM Amritsar has successfully concluded the final Placement 2018 for its second PGP batch. Not only it has broken its past record and surpassed the salary packages of its first batch but despite the large batch size of 104 students, the institute has achieved 100%  placement with much higher offers that many well established top MBA colleges have not been able to achieve.

Announcing the wrapping up the final placement 2018 for its first batch 2016-18, one of the 7 newest IIMs, IIM Amritsar has stated, “IIM Amritsar achieves yet another milestone as the final placements for the second batch concludes on a high note. 100% placement was achieved well ahead of graduation of the batch despite the current batch growing double in size, that is, 104 compared to the previous batch size of just 44.”

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Key placement trends
The highlight of this year's placement was a huge increase in the highest package, leapfrogging three times to Rs.54 LPA in 2018 from Rs.17 lakhs last year. In addition, seven students from the batch received attractive international offers. 

The top 10% of students secured an average salary of 22.3 LPA and the average salary of the batch stood at 11.93 LPA with an increase of 16.28% from the previous year. 

A comparative analysis of placements is detailed below:

Placement year
Batch size
Highest salary (Rs.in lakhs)
Average Salary (Rs.in lakhs)
Placement 2018
104
54
11.93
Placement 2017
  44
17
10.26

Top Recruiters include many new ones
According to IIM Amritsar, “The relevant knowledge, skill and diversity of the students attracted recruiters from various sectors spanning across all prominent domains of management including Marketing, Finance, HR, Operations, Consulting, IT analytics and General Management. Besides the continued association with our prominent recruiting partners like ICICI Lombard, Muthoot, Shopclues, Motilal Oswal, Magic 9, HFCL etc., this year, we also hosted many other new recruiters including major industry leaders like Amazon, Accenture, CRISIL, Infosys, Virtusa, Capita, JK Tech, IndiaMart, Cadila, RustomJi, NTC, Thomas Cook, Walmart, AnandRathi, TCS, Vaibhav Global, Reliance Home Finance& Nippon Paint etc. Other feathers of success for this batch include the International Placements in prominent houses of Tolaram, Squareyards & Protiviti.” 

Chairperson (Placement), Prof.Arun Kaushik gave the credit of this accomplishment to the Placement Team of IIM Amritsar and he appreciated the team's efforts. IIM Amritsar is currently running under the mentorship of IIM Kozhikode Director, Prof. K. Balooni. 

A detailed report on Placement 2018 is under internal audit and will be published soon by IIM Amritsar.

IIM Amritsar started operation in 2015 with 45 students in its 1st batch. The second batch at IIM Amritsar with 104 students is the largest among all the newest IIMs. The successful completion of Placement 2018 at IIM Amritsar reflects its industry and corporate acceptability.

IIM Amritsar is the 15th Indian Institute of Management set up by the Ministry of Human Resources Development with the support of Government of Punjab in 2015. The permanent campus of the  institute is being set up under the direction and mentorship of IIM Kozhikode.

Stay tuned to MBAUniverse.com for more updates on IIM Amritsar

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