BITSoM Placements 2023: Founding Class achieves strong placements; Average Salary Rs 23.85 LPA; McKinsey, Bain, Unilever amongst top recruiters

The new-age business school in Mumbai, BITSoM, has announced strong placements for its founding MBA batch of 2021-23. The average salary for the batch stood at Rs 23.85 lakh per annum, while the highest salary was Rs 50.10 lakh. McKinsey & Co., Bain & Co., Hindustan Unilever, AD Little, Kearney were amongst the top companies that recruited at BITSoM Mumbai.

BITSoM Placements 2023 Highlights:

• High Salary: Average Salary for the founding batch at BITSoM was Rs.23.85 LPA. Highest Salary is Rs.50.10 LPA
• Substantial PPOs: 37 students BITSoM students received preplacement offers (PPOs).
• Almost 3x increase in pre-MBA salary: Students with prior full-time work experience who had declared their last drawn salaries at an average of Rs 7.34 lakhs were placed with an average post MBA CTC of Rs 20.81 lakh per annum.
• Toppers see significant upside: The top 10 percent of the class were placed with an average salary of Rs 37.02 lakh per annum. The average for the top 30 percent is Rs 30.42 lakh, and the top half of the class has an average salary of Rs 28.17 lakh.
• Consulting, General Management top Recruiting Sectors: BITSoM witnessed participation of companies from across sectors and domains including Consulting, BFSI and domains like General Management, Consulting, Sales and Marketing, Product Management & Technology, Finance among others.
• Marquee Top Recruiters: Some of the top recruiting companies that participated in BITSoM final Placements 2023 and made lucrative offers include McKinsey & Co., Bain & Co., Kearney, EY, PwC, KPMG, ICICI Bank, HUL, Accenture, HSBC among others

Commenting on the successful placements, Dr Ranjan Banerjee, Dean BITSoM, said, “This outcome has been possible due to our unique curriculum, the personalised developmental inputs led by Dr Leena Chatterjee, the efforts of a stellar faculty pool from across the world, and a top-notch career services team.”

BITSoM Placements 2023: At Par with Top B-schools
With an average salary of Rs.23.85 LPA, and a list of marquee recruiters like McKinsey, Bain & Co., Kearney, EY, PwC, KPMG, ICICI Bank, HUL, Accenture, HSBC , the placements for the first MBA batch achieved by BITSoM Mumbai are creditable. BITSoM’s placements are at par with new IIMs like IIM Udaipur, IIM Trichy, IIM Rohak and IIM Ranchi which were established more than a decade ago. BITSoM placements are also higher than most non-IIM B-schools baring a few like XLRI, SPJIMR and MDI Gurgaon. Refer table below for a quick comparison

B-school	Average Salary in Placement 2023 (Rs.in Lakhs)
MDI Gurgaon	Rs. 27.67 LPA
BITSoM Mumbai	Rs. 23.85 LPA
DMS IIT Delhi	Rs. 21.90 LPA*
IIM Udaipur	Rs. 20.32 LPA
XIM Bhubaneswar	Rs. 20.03 LPA
IIM Rohtak	Rs. 18.73 LPA
IIM Trichy	Rs.17.01 LPA*
IIM Ranchi	Rs.16.17 LPA*

Placement Data 2022

Sector & Domain Wise Top Recruiters in BITSoM Mumbai Placements 2023
The placements attracted offers from prominent companies across various domains like General Management, Consulting, Sales and Marketing, Product Management & Technology, and Finance.

• Top-tier consulting firms like McKinsey & Co., Bain & Co., Kearney, Arthur D Little, Praxis Consulting, EY, PwC, KPMG, Deloitte India, and MXV Consulting hired during the placement process. All the positions offered in the consulting firms are in management consulting, tech consulting, human capital consulting, or deals and M&A.
• Marquee employers from the BFSI sector also made offers, including JP Morgan Chase (investment banking), Cervin Ventures (venture capital), Eight Capital (private equity), Aditya Birla Capital, ICICI Bank, Kotak Mahindra Bank, Yes Bank, and FlexiLoans.
• Organisations that made offers for their flagship management trainee programmes include Hindustan Unilever, Pidilite, Aditya Birla Group, Vodafone Idea.
• Furthermore, employers such as Signify, Aditya Birla Fashion and Retail, Eureka Forbes, BP, Arcelor Mittal, CISCO, Bosch, Tiivra, and HT Media, also recruited students across functions.
• The B-school drew some new-age and tech companies like FanPlay IOT, Freyr Solutions, Zapcom, Accenture, HSBC Technology, Wolters Kluwer, and More Retail for roles in Product Management and Technology.

Mr. Uday Virmani, Assistant Dean, External Engagements, added, “It is rare for a school in its first year to have companies like McKinsey & Co, Bain & Co, AD Little, Kearney, Hindustan Unilever, JP Morgan Chase, and BP hiring from its founding class, and offering the kind of roles that they did.”

BITS School of Management, BITSoM is a new-age global business school under the aegis of BITS Pilani. Located in India’s business capital, Mumbai, BITSoM is inspired by the spirit of excellence and entrepreneurial culture that BITS Pilani has nurtured over five decades.

Next Steps:

• Apply for BITSoM MBA Admissions
• Read complete details about BITSoM MBA Admissions process.

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