IMI Kolkata achieves 100% placement for 7th batch

Kolkata: International Management Institute Kolkata (IMI), an initiative of the RP-Sanjiv Goenka Group, achieved 100 percent placement of its students for the year 2018-19. More than 32 recruiters offered jobs to 110 students of the seventh batch of the institute.

"The highest salary offered was Rs 20 lakh. There has been an increase of 5.6 percent in the average annual compensation as compared to last year. The domestic average and median compensation stood at Rs 6.90 lakh and Rs 6.54 lakh, respectively," said a senior IMI official on Friday.

Eight students did not take part in the placement process and decided to come up with their own start-up projects or join their family businesses.

Various offers were made by prominent conglomerates such as JSW, HDFC Bank, Deloitte, Federal Bank, ICICI Prudential AMC, CESC, Mahindra Finance, ICICI Prudential Life Insurance, BYJU'S – Think & Learn, Randstad India, Reliance Industries and OYO. This apart, new recruiters, including Philips Lighting-Signify, HDFC Life, Treebo Hotels, Zomato, eTrans Solutions and Godrej & Boyce also offered jobs to students.

The break-up of job offers across domains are: sales and marketing 47 percent, finance 22 percent, consulting, strategy and general management 19 percent, operations 10 percent and human resource 2 percent.

The director of IMI Kolkata, professor Arindam Banik, said: "Many new corporate firms took part in the placement process this year and the quality of job roles, diversity, sectoral spread and compensation have improved considerably."

The institute would continue to work closely with a long-term vision of being an organisation that is trusted by corporates and other stakeholders, Banik said.