IIM Amritsar Placement 2022: Completes 100% Placement with 15% Rise in Average Salary at Rs.14.63 LPA; Accenture, Amazon, Cipla, Deloitte, Adani, BMW, Cognizant hire big

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MBAUniverse.com News Desk |
February 28, 2022
IIM Amritsar has successfully completed 100% Placement 2022 for its 6th and large MBA 2020-22 batch of 228 students. Average salary for the batch has gone up by 15.38% at Rs. 14.63 LPA from Rs.12.68 LPA last year despite the pandemic situation and economic slowdown. 230 Offers were rolled out by 110 companies. Accenture, Amazon, Cipla, Deloitte, Adani, BMW, Cognizant were among the top recruiters
IIM Amritsar placement 2022

IIM Amritsar has yet again, successfully completed the final Placement 2022 for its 6th and larger MBA 2020-22 batch of 228 students. Not only it has broken its past record and surpassed the salary packages of its last batch, but despite the large batch size of 228 students, the institute has also 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 2022 for its 6th batch 2020-22, one of the 7 newest IIMs, IIM Amritsar has stated, “IIM Amritsar is delighted to announce 100% placement for the MBA batch of 2020-22. Moreover, we have once again raised the bar by placing the largest batch of students amongst all the third-generation IIMs.”  It may be noted that IIM Amritsar has started awarding MBA degree instead of Post Graduate Diploma to its students after the implementation of IIM Act 2017.

IIM Amritsar has achieved an Average salary figure of INR 14.63 LPA which is an increase of 15.38% over last year. Highest salary in IIM Amritsar placement 2022 has gone up by 38.82% at Rs. 25.21 LPA. The Average for the top-quartile came out to INR 18.54 LPA. IIM Amritsar witnessed participation of leading corporates across domains and sectors. More than 230 offers were made by 110 companies that visited IIM Amritsar.  

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IIM Amritsar Placement 2022: Key Highlights

  • 100% Placement for Large Batch of 228 students
  • Average Salary up by 15.38% at Rs.14.63 LPA in Placement 2022 from Rs.12.68 LPA last year
  • Average salary for Top 25% students has gone up at Rs.18.54 LPA from Rs.15.94 LPA last year
  • Highest Salary goes up by 38.82% at Rs.25.21 LPA from Rs 18.16 LPA last year
  • 110 Marquee Companies including 50 New companies made 230 offers to the large 6th MBA batch
  • Top Recruiters include Accenture, Amazon, Cipla, Deloitte, Adani, Birlasoft, BMW, Cognizant, Dell, EY, HCL, Tech Mahindra, TresVista, Xiaomi, Genpact, HDFC Bank, ICICI Bank, HSBC, LetentView, Reliance Retail, TATA Capital, TVirtusa, ZS Associates, Zycus among others

Participation of IIM Amritsar students in case competitions also made a worthy contribution to this year’s tally of high placements. Teams from IIM Amritsar achieved podium place in prestigious national-level competitions such as Hero Campus Challenge 7.0, Flipkart WiRED, GMC, Mi Summit 3.0, Valuation Olympiad (Global Banking Challenge, London), VIP GEAR, which resulted into a good number of PPOs/PPIs.

IIM Amritsar Placement Trends: First Batch Onwards
This is the 6th passing out MBA batch of IIM Amritsar. The highlight of this year's placement was a good increase in the average package despite the largest batch so far and the country going through all the pandemic situation and economy passing through a grim situation. In addition, the students from the 6th batch received attractive offers. A comparative analysis of IIM Amritsar placements since inception is detailed below:

Placement year
Highest salary (Rs.in lakhs)
Average Salary (Rs.in lakhs)
Placement 2022 (6th MBA 2020-22 Batch)
25.21
14.63
Placement 2021 (5th PGP 2019-21 Batch)
18.16
12.68
Placement 2020 (4th PGP 2018-20 Batch)
40
12.61
Placement 2019 (3rd PGP 2017-19 Batch)
21
12.20
Placement 2018 (2nd PGP 2016-18 Batch)
17
11.02
Placement 2017 (1st PGP 2015-17 Batch)
17
10.26

Top Recruiters
110 companies participated in IIM Amritsar Placement process 2022. This included 50 New companies. Top recruiters making large number of offers and high salary packages include Accenture, Amazon, AU Small Finance Bank, Cipla, Crompton Greaves, Deloitte, Adani Group, Birlasoft, BMW, Cognizant, Dalmia Bharat, Dell, Digit Insurance,  DHL, DTDC, EY, Gartner, HCL, ICICI Lombard, IndiaMART, Infosys, iQuanti, Polycab, Tech Mahindra, TresVista, Xiaomi, Everest Industries, Genpact, HDFC Bank, Holcim Group, ICICI Bank, Kotak Mahindra Bank, Novartis, Of Business, Ola Electric, Schneider Electric, HSBC, LetentView Analytics, Porter, Reliance Retail, TATA Capital, Tiger Analytics, Tredence Analytics, VIP Industries, Virtusa, ZS Associates, Zycus among others

50 New Recruiters
IIM Amritsar has added around 50 new companies to its family of recruiters. This  includes many stalwarts in their respective sectors like Acuity Knowledge Partners, Adani Group, Birlasoft, BMW, Cognizant, Dalmia Bharat, Dell, Digit Insurance, Everest Industries, Genpact, HDFC Bank, Holcim Group, ICICI Bank, Kotak Mahindra Bank, Novartis, Of Business, Ola Electric, Schneider Electric, HSBC, LetentView Analytics, Porter, Reliance Retail, TATA Capital, Tiger Analytics, Tredence Analytics, VIP Industries, Virtusa, ZS Associates, Zycus, etc.

Despite the copious challenges and vicissitudes posed by the changing landscape of the job market and education in 2021-22, IIM Amritsar clinched a befitting conclusion to the academic year 2021-22 by achieving 100% final placements for its MBA06 batch. MBA 2020-22 is a diverse batch at IIM Amritsar. The batch comprises high ratio of students with work experience from few months to three-four years in different domains and sectors. Less than 50% students are freshers.

IIM Amritsar started operation in 2015 with 45 students in its 1st batch. The second batch at IIM Amritsar with 104 students was the largest among all the newest IIMs. Since then the batch size of IIM Amritsar has been rising consistently. Again the 6th batch at IIM Amritsar is largest amongst seven newest IIMs which started operation in 2015 and 2016. The successful completion of Placement 2022 for the 6th large batch 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