The Indian Institute of Management (IIM) Tiruchirappalli has reported a 7.4 per cent jump in the average annual compensation compared to last year. The average annual compensation of top 25 percentile increased by 24 per cent.
Also, there has been a four-fold increase in domestic offers with annual compensation above Rs 3 million, and an increase of six times in those with annual compensation above Rs 2 mn.
It may be noted that the batch size increased by 63 per cent compared to last year.
The Final placements were for the Post Graduate Programme (PGP) in Management for the batch of 2016-18. Out of 176 students in the batch, 172 registered for the placement programme and all of them received job offers. The highest international compensation offered was Rs 5.45 million per annum, while highest domestic annual compensation offered was Rs 3.17 million. Average annual compensation, across all domains, was Rs 1.42 million.
This year the institute witnessed participation from 113 companies providing 177 offers to the students. Recruiters offered roles across various domains like Finance, Sales and Marketing, Consulting& Analytics, Strategy & General Management, Operations and OB & HR.
Some of the regular recruiters include JP Morgan & Chase, L&T, Cognizant, Dell, ICICI Bank, Microsoft, Avalon Consulting, Deloitte, HCL, Royal Bank of Scotland, RBL Bank and Saint Gobain.
Trichy hosted a number of new recruiters this year. Some of the prominent recruiters among them are GMR Group, UltraTech Cement, DHL, Tolaram Group, ValueLabs, Trafigura, VLCC and Kotak Life Insurance.
Consulting and analytics accounted for nearly 31 per cent of the offers, followed by sales and marketing (30 %), finance (17 %), strategy and general management (14 %) and operations (7 %) and others.
Prof. Abhishek Totawar, Chairperson, Placement and External Relations said that even with the 63 per cent increase in the batch size compared to the previous year, growth in the placement statistics are a proof of the brand image which IIM
Trichy has built in the past few years.