The Institute of Rural Management, Anand (IRMA) on Friday completed its final placements for its 40th batch of 2019-21 class. The number of companies participating for the placements increased to 109 making 314 offers this year from 105 with 330 offers last year. However, the highest package offered declined sharply to ₹19 lakh per annum from ₹52 lakh per annum offered last year.
The placements process for the batch of 215 students of its flagship Post Graduate Diploma in Management (Rural Management), PGDM(RM), began on February 2, 2021, the institute secured 100 per cent placements as in the previous years, despite an economically tough year, IRMA said in a statement.
Virtual placements
It highlighted that the placements this year saw active participation of several start-ups, while a majority of the positions were in sales and marketing functions, this year also saw organisations recruiting students for mainstream finance, supply chain and procurement roles as well.
Due to the on-going pandemic IRMA conducted the entire placements process virtually where recruiters and students participated in an online mode. Aashish Argade chaired the placements activities this year.
The lowest package for the year was ₹5.4 lakhs per annum as against ₹4.80 lakh last year. The median package offered was ₹10.23 lakh per annum as against ₹10.45 lakh per annum last year. The mean package offered for the year stood at ₹10.76 lakh nearly the same as last year.
Many PPOs
The institute informed that a diverse set of recruiters participated in the campus placement process which included dairy cooperatives, banks, NBFCs, agribusinesses, NGOs and public sector organisations.
Of the 215 students in the batch, 27 secured Pre-Placement Offers (PPO) based on the work done in internships and live projects. One of the PPOs was an international offer with Mahyco International in the APAC region. NGOs, Government and Development agencies and CSR foundations picked up 28 students. Agribusiness corporations including ITC Agribusiness Division, Dabur India, Godrej Agrovet, Coromandel International, Adani Wilmar were among the prominent recruiters this year.
From the Banking, Financial Services and Insurance (BFSI) domain, ICICI Bank, IDFC First Bank, Axis Bank, Fullerton, Vivriti Capital, Northern Arc Capital, Navadhan Capital among others.