IMI Kolkata completes 100% placement with 112 offers, sees 23% increase in pay package

Kolkata: International Management Institute (IMI), Kolkata has successfully completed 100 percent placement for its students with the highest pay package reaching Rs 20 lakh per annum.

The pay package is being offered by JSW group to two of IMI students who had also done their internship in the same company.

"We have concluded our placement season for the batch 2016-2018 with 112 offers from 46 recruiters, including 21 first-time recruiters.

The recruiters represented a variety of industry and sectors from Banking and Financial Services to start-ups. There was a fourfold increase in the number of offers made by the consulting companies," said Arindam Banik director of IMI Kolkata.

According to Mohua Chatterjee, Dean Placements, Corporate and Alumni Relations, the highest package of 20 lakh per annum is 23 percent higher than the previous batch.

"The median package for this batch was Rs 6.61 lakh per annum. A total of 110 students were placed with 15 of them receiving pre-placement offers," she added.

It may be mentioned that Sales and Marketing was the highest recruiting sector with nearly 47 percent placement. Financial firms contributed to 21 percent of the total offers, followed by IT/Market Research firms at 15 percent and HR Management roles at 9 percent. Some of the prominent recruiters were JSW, Reliance Industries, Nivea, HDFC Bank, Genpact and ICICI Prudential.

"Arcellor Mittal for the first time has decided to take two of our students as interns," Banik said.

IMI Kolkata that runs a two year PGDM course is planning to start an Executive MBA programme from 2019 and MBA in Entrepreneurship from 2020.