IRMA PGDM (RM) Placement 2023: Achieves 100% Placements with 8% hike in Average Salary at Rs.15.50 LPA; 42% Batch Placed in BFSI Sector

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MBAUniverse.com News Desk |
March 31, 2023
Institute of Rural Management Anand (IRMA), a pioneering academic institution in rural management education and research has yet again scaled new heights in final Placements 2023. Achieving 100% Placements, IRMA has recorded average salary at Rs.15.50 LPA with 8% hike while highest salary stood at Rs.26.50 LPA. 249 IRMA students have received 399 job offers from marquee companies. BFSI emerged as the top recruiting sector with 42% share in placements
IRMA Placement 2023

The Institute of Rural Management Anand (IRMA) has completed the 100% campus placements 2023 for the 42nd outgoing batch 2021-23 of its Post Graduate Diploma in Management (Rural Management) – the PGDM(RM) programme.

A pioneering academic institution in rural management education and research, Institute of Rural Management Anand (IRMA), has registered highest salary of Rs. 26.5 LPA, offered during the placements 2023. The overall average salary offered by recruiters has gone up by 8% at Rs 15.5 LPA in this batch. The median salary stood at Rs 15 LPA and the lowest salary offered was Rs.8.5 LPA. In yet another feat, students received 36 Pre-Placement Offers from organisations of repute including Flipkart, Zetwerk Manufacturing, Godrej Agrovet Limited, ITC, PI Industries, PricewaterhouseCoopers (PwC), Tata Steel among others.

Expressing joy on successful completion of 100% placements 2023, Dr. Umakant Dash, Director, IRMA, said, “The PGDM(RM) batch of 2021-23 began its journey in the middle of the pandemic and has proven to be a resilient group, first with their excellent summer internships and now with their outstanding campus placements. IRMA has a legacy of unmatched academic excellence. The placements for the batch of 2023 bear testimony to this.”

IRMA Placement 2023: Key Highlights

  • 100% Placement Completed for PGDM (RM) 2021-23 Batch
  • Batch Size: 249 Students
  • No. of Students participated in placement 2023: 249
  • No. of students Placed: 249
  • Highest Salary stood at Rs.26.50 LPA in Placement 2023
  • Average Salary goes up by 8% at Rs.15.50 LPA in Placement 2023 from Rs.14.33 LPA last year
  • Median Salary stood at Rs.15 LPA
  • Lowest Salary goes up at Rs.8.50 LPA in Placement 2023 from Rs.8 LPA last year
  • Average Salary for Top 10 Percentile goes up at Rs.21.81 LPA from Rs.20.05 LPA
  • Average Salary for Top 25 Percentile goes up at Rs.19.92 LPA from Rs.17.67 LPA
  • Average Salary for Top 50 Percentile goes up at Rs.17.91 LPA from Rs.16.70 LPA
  • 399 job offers received for 249 participating students
  • 36 PPOs Offered 
  • No. of Companies Participated in IRMA Placement 2023: 49
  • Total number of offers made: 399
  • New Recruiters: 30
  • Top Recruiting Sector: BFSI with 42% students placed
  • Top Recruiters include GCMMF (Amul), ICICI Bank, Axis Bank, ICICI Bank, Reliance Retail, HDFC Bank, Vedanta CSR, NDDB among others

Speaking on the occasion, Prof. Aashish Argade, Associate Dean (Placements) IRMA said, “The placements process of the batch of 2021-23 is indicative of newer ways that IRMA is exploring to balance aspirations of its students and the institute's mission. Our students join banks and NBFCs to develop products for rural clients, and in consulting for development and public policy verticals. We saw a growing diversity of representation from various industries which hired our students. We found new interest from fields of technology consulting, consumer durables, food processing, even as our returning recruiters from FMCG, Development and CSR segments continue to repose their faith in our students.” 

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IRMA Placements 2023: Key Trends
IRMA has a consistent record of 100% placements with rising packages year on year. Key placement trends for last 3 years are shared below:

IRMA Placement Year
Average Salary (Rs. in lakhs)
Highest Salary (Rs. in Lakhs)
Placement 2023
Rs.15.50 LPA
Rs.26.50 LPA
Placement 2022
Rs.14.33 LPA
Rs.26.50 LPA
Placement 2021
Rs.10.76 LPA
Rs.19 LPA

Top Recruiters
Sharing with MBAUniverse.com, Prof Aashish Argade of IRMA said, “90 organizations expressed their willingness to participate in the placement process for the batch of 2021-23. Of these, 49 participated in the campus placement, with 399 job offers being announced. Almost 30 new companies participated in the placement process this year.”

Prominent recruiters through this year’s placement process include Flipkart, the Gujarat Co-operative Milk Marketing Federation Limited (GCMMF), HDFC Bank, ICICI Bank, the National Dairy Development Board (NDDB), SarvaGram Fincare Private Limited, Axis Bank, Reliance Retail, Vedanta CSR, Yubi, More Retail, IDFC First Bank, Mahindra Home Finance, Mother Dairy, Grant Thornton Bharat LLP, ITC Limited, Ernst & Young, PwC, Dabur, DCM Shriram, Equitas Small Finance Bank, Pixuate, The Baker’s Dozen, The Digital Fifth, Drools Pet Food Private Limited, FarMart, Khyber Agro, Amul, McDonald’s, RBI Innovation Hub and Redseer Strategy Consulting, among several others. Top Recruiters with number of students placed with them in IRMA Placements 2023 were:

Company
No. of IRMA Students Placed in 2023
Gujarat Co-operative Milk Marketing Federation Ltd.
20
ICICI Bank
18
SarvaGram Fincare Pvt. Ltd.
16
Axis Bank
14
Reliance Retail
13
HDFC Bank
12
Vedanta CSR
12
National Dairy Development Board
10
Yubi
10
More Retail
7

Companies from Diverse Sectors Participate in Placements
Diverse set of recruiters participated in the IRMA campus placement 2023. Dairy cooperatives, banks, NBFCs, agribusinesses, consulting, NGOs, Public Sector and development sector organizations represent the diversity of recruiters that participated in the IRMA placement process this year. The companies from the BFSI sector were the major recruiters, with nearly 42% of the batch being placed in the industry. Fast Moving Consumer Goods (FMCG) and Retail and E-Commerce emerged as the second and third largest recruiting segments for IRMA’s 2021-23 batch. 

Diverse Roles Offered
The roles and profiles offered to the students of batch 2021-23 have been pretty diverse ranging from Management Trainee, Project Management Unit Head, Consultant, Deputy Manager, Senior Sales Executive and Credit Analyst, among others. This year, the increase in CTC has been the highest for students in the top 25 percentile of the batch, indicating that a larger section of the batch registered a healthy growth in the packages. 

The Institute of Rural Management Anand (IRMA), established in 1979 by the father of white revolution Dr Verghese Kurien, is a pioneering academic institution in rural management education and research. It is committed to pursuing excellence along with creativity and integrity. The unique strength of IRMA is its concern with integrating development and management in all its endeavours and activities. This perspective sets IRMA apart from other management and rural development institutions, which are largely concerned with either management or development but not both.

Today, IRMA is recognized not only as an institution of excellence in teaching and research but also for having successfully created the new discipline of rural management. Its path-breaking approach is being emulated by other institutions in India and abroad. As a premier institution of professional education and development IRMA has evolved unique curricula for its various programmes. IRMA offers two years PG Diploma in Rural Management apart from other management programmes.

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