A near 52 per cent increase in batch size notwithstanding, International Management Institute, Kolkata (IMI-K), has witnessed an almost five per cent rise in average salary package for its 2016-18 batch.
The current batch of 120 students as compared to the 71-student-strong batch in 2015-17, received 112 offers from 46 recruiters. The average salary package increased to ₹6.54 lakh per annum, up from ₹6.23 lakh per annum for the previous batch (2015-17) , Arindam Banik, Director, IMI, told BusinessLine on Campus . The highest package offered was ₹20 lakh per annum, almost 23 per cent higher than that bagged by the previous batch.
Of the 46, 21 were first-time recruiters. As many as 15 students had bagged pre-placement offers, which is usually given based on the candidate’s performance during summer internship.
Ten students opted out of the placement process to set up their own ventures or join their family business.
According to Banik, there has been an overall improvement in job market post demonetisation and rollout of GST.
“Jobs, particularly those in the banking and financial services sector, have started improving in the last year, post demonetisation. Apart from BFSI, we also saw good participation from e-commerce, consulting, manufacturing and FMCG sectors,” Banik said.
Change in batch profile
Until recently, 70 per cent of the candidates gaining admission to IMI-K had no prior work experience. The instituteis now looking to give an ‘extra weightage’ to those with work experience.
IMI-K has a reasonably wide variety in its batch profile, with graduates in B.Com, BBA, Law and BA in English joining the institute.
“Having a diverse batch profile has been a conscious choice, and moving forward we will continue to emphasise on this,” Banik said.
New courses on anvil
IMI-K, which currently offers a two-year flagship programme on Post Graduate Diploma in Management (PGDM), is exploring the possibility of introducing a one-year executive management programme and an MBA in entrepreneurship, subject to approval from its Board as well as AICTE (All India Council for Technical Education), which is its regulatory body.
While the executive programme is likely to be rolled out in 2019, the MBA in entrepreneurship would be on offer subsequently from 2020.
“There is a strong demand for executive management programme and we would like to tap this segment subject to the appro,” he said.
Being a standalone private business school under AICTE, IMI cannot apply for two courses at the same time, he said.