BIMTECH Placements: 20% increase in average salary; highest package at Rs 23.43 lakh

NEW DELHI: The Birla Institute of Management Technology (BIMTECH) recorded 100 percent placements for its flagship management programmes - PGDM, PGDM International Business, PGDM Retail Management and PGDM Insurance Business Management programmes for the academic session 2022-23. The highest salary received by a student is Rs 23.43 lakh per annum. BIMTECH witnessed a 20% increase in average salaries in comparison to last year.

Banking, Financial Services and Insurance (BFSI) and Consulting sectors hired the maximum number of students with 36% and 24% of total job offers coming from these sectors, respectively. According to the official statement, 60-70% of BIMTECH students were hired in the BFSI, Information Technology (IT) and Consulting sectors combined. This was followed by manufacturing, FMCG or CD, and retail sectors, which contributed to 20-25% of the total job offers.

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Among companies which participated in BIMTECH placements 2022, there has also been a spike in offers by fintech or insurtech, and IT startups, such as Digit, Zopper, and Darwin Box.

Commenting on the improvement in the placement record, 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 percent 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.”