This year 468 NITIE students were placed receiving over 500 job offers from a wide variety of companies thanks to their hard work and dedication.
NITIE, which will soon hopefully be known as 'IIM Mumbai,' is one of the locations that major businesses look up to the most in order to fill open positions in their companies. The impressive pool of talent that can be found on campus is the primary reason behind this. The last placement season was extremely successful overall, and a large number of companies took part in it as mass recruiters.
Top Recruiting Companies
India is experiencing rapid growth in the service sector industry, and consulting is one of the fields that attract most of the talented graduates from top business schools. This has led to an increase in the number of people working in the industry. In addition to that, FMCG and Marketing companies are extending an enthusiastic welcome to graduates of NITIE. Businesses in the consulting industry such as Infosys, EY, McKinsey, Sodexo and CRISIL are examples of organisations that offer compensation packages comparable to those offered by other businesses in the sector. In addition to the aforementioned businesses, RPMG, HUL and ITC are among the most well-known recruiters operating in the FMCG industry today, amongst others.
Recruitment and Compensation at NITIE
The number of recruiters to the university sees only a slight variation from one academic year to the next; however, in the most recent couple of years, the numbers have been affected. For instance, there were only about 90–95 recruiting companies during COVID-19. As a direct consequence of 'The Great Resignation,' NITIE has made its talented individuals available to 107 different recruiters over the course of the following year.
The list of top recruiters of NITIE Mumbai in 2022 is presented below:
American Express | Dabur |
Asian Paints | Pidilite |
Accenture | Philips |
HUL | Amazon |
ITC | CISCO |
The highest package offered during IIM Mumbai placements 2024 stood at INR 54 LPA. Further, a fluctuating trend was witnessed in the highest package offered over the past three years during IIM Mumbai placements, which is presented below:
Particulars | Placement Statistics (2022) | Placement Statistics (2023) | Placement Statistics (2024) |
|---|---|---|---|
Highest domestic package | INR 49 LPA | INR 78.2 LPA | INR 54 LPA |
When compared to the salary packages at its peer IIMs, NITIE had the highest package of INR 49 LPA the previous year, and its average annual compensation of around INR 25 LPA is one of the highest in the industry. Even the average fixed annual pay is somewhere around INR 18 LPA, making it one of the highest among all of the premier IIMs and a few of the new emerging institutes.
This year, we have seen a significant increase in the stipend that is offered by the company for summer placements. The most generous stipend currently stands at approximately INR 3.5 lakhs. The standard consolidated stipend has gone up by approximately 20 per cent, and it is currently somewhere INR 1.85 Lakhs. This represents an increase when measured against the previous year.
There were approximately 468 students participating in final placements this year. The remaining students either chose to participate in final placements off campus or are currently on sabbatical. These 468 students received over 500 job offers from a wide variety of companies thanks to their hard work and dedication. Out of these, the branch of BFSI and Consulting was the one that was requested the most by the batch, and this has been the pattern since the beginning of NITIE.
IIM Mumbai offers decent placements to students. A total of 107 companies visited the campus and 157 PPOs were offered during IIM Mumbai placements 2022. Further, the highest and average package offered during IIM Mumbai placements 2022 stood at INR 49 LPA and INR 25.4 LPA, respectively. The top recruiters of IIM Mumbai in 2022 included leading companies such as Accenture, Amazon and HUL.
The average package offered to IIM Mumbai students is INR 25.4 LPA. This is according to the PGP placement report 2022. This data changes every year, hence it is not static. Keep visiting the official website for updated information about this. Till then, students can have a look at the data given below:
Particulars | PGP Placement Statistics (2021) | PGP Placement Statistics (2022) |
|---|---|---|
the highest package | INR 44 LPA | INR 49 LPA |
Average package | INR 19.5 LPA | INR 25.4 LPA |
Median package | INR 18 LPA | INR 22 LPA |
Companies participated | 125 | 107 |
New recruiters | 36 | 23 |
PPOs made | 132 | 157 |
The median package for PPOs offered during IIM Mumbai placements 2024 stood at INR 28 LPA. Earlier, the median package offered during IIM Mumbai PGP placements 2022 stood at INR 22 LPA. Further, a fluctuating trend was witnessed in the median package offered over the past three years during IIM Mumbai PGP placements, which is presented below:
The median salary trends witnessed during IIM Mumbai PGP placements over the past three years are presented below:
Particulars | PGP Placement Statistics (2020) | PGP Placement Statistics (2021) | PGP Placement Statistics (2022) |
|---|---|---|---|
Median package | INR 19.81 LPA | INR 18 LPA | INR 22 LPA |
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Student Forum
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A total of 33% of the 2022 batch received PPOs during NITIE Mumbai placements 2022. Total number of companies visited for placement is 107. The key highlights of NITIE Mumbai placements 2022 are presented below:
Particulars
Statistics (2022)
No. of companies visited
107
the highest package
INR 49 LPA
Average package
INR 25.4 LPA
Median package
INR 22 LPA