BIMTECH Placements 2023: Highest salary stood at INR 23.43 Lakh per annum.

The placement drive was conducted for its four regular programmes, i.e. PGDM, PGDM International Business, PGDM Retail Management and PGDM Insurance Business Management.

BIMTECH Placements 2023: The Birla Institute of Management Technology (BIMTECH) recently concluded its placement program for its different flagship management programmes for batch 2023. With a 100 per cent placement record, the highest salary during BIMTECH Placements 2023 stood at INR 23.43 lakhs per annum. The institute also registered a significant 20 per cent increase in average salaries this year compared to the previous batches.

The placement was for its four regular programmes, i.e. PGDM, PGDM International Business, PGDM Retail Management and PGDM Insurance Business Management.

Banking, Financial Services and Insurance (BFSI) and Consulting proved to be the leading two recruitment sectors with 36 per cent and 24 per cent  of total job offers coming from these sectors, respectively. Data reflects that 60 per cent-70 per cent of BIMTECH students were hired in the BFSI, Information Technology (IT) and Consulting sectors combined. This was followed by manufacturing, FMCG/CD, and retail sectors, which contributed to approximately 20-25 per cent of the offers.

Among recruiters, there has also been a spike in recruition by Fintech/Insurtech, and IT startups, namely Digit, Zopper, and Darwin Box.

Commenting on the improvement in the placement record, Dr. H Chaturvedi, Director, BIMTECH said, “Along with quality education, rankings and top accreditations, placement has been a strong part of BIMTECH legacy. A constant increase in average packages is clearly visible. In the batch of 2019-21 an increase of 16 per cent was recorded vis a vis batch 2018-20. Similarly, the batch 2020-22 and the batch 2021-23 witnessed a growth of 18 per cent and 20 per cent respectively, in comparison to previous batches. An increase in Average Packages should be considered as one of the key indicators while judging/ evaluating the worthiness of a B-School.”

 “There is a strong demand for tech-savvy resources, who understand technology interventions happening in the related areas as well as the sector they are aspiring for. Data analytics, risk management w.r.t cyber security, information security and climate and ESG are the emerging skill areas. In past two years, product, project management and inside sales have been the major asks of the IT sector, followed by demand for business analysts,” added Dr. Chaturvedi. ;

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