03 Mar 2020 16:53 IST

TAPMI placements: Average package is ₹11.5 lakh

The BFSI sector was the top recruiter; Bajaj Finserv, Arcesium, Lowe’s India were the key ones

The Manipal-based TA Pai Management Institute (TAPMI) has announced placement for its Post Graduate Diploma in Management (General), and PGDM Banking and Financial Services (BKFS) programmes for the batch of 2018-20.

The institute mentioned in a statement on March 3 that it witnessed an increase in the average salary to ₹11.5 lakh when compared to ₹11.1 lakh last year. The highest package offered was ₹25 lakh, an increase of 25 per cent from last year.

The average package of PGDM (BKFS) has increased to ₹12.7 lakh from ₹11.3 lakh offered last year, recording growth of 12.38 per cent. This specialist programme of TAPMI has been designed on the lines of MS (Finance), it said.

The BFSI (banking, financial services and insurance) sector was a major recruiter, with a share of 28 per cent. While the consulting sector’s share was at 25 per cent; IT, analytics and e-commerce’s share stood at 30 per cent. This was followed by FMCG and retail sectors at 12 per cent, and manufacturing and core sectors at 5 per cent.

Key recruiters

This year, 428 students were eligible for placements. Of them, five students opted out of the placements to venture out on their own. A total of 421 students were placed across 102 companies. As many as 78 students were offered pre-placement through summer internships at an average package of ₹12.90 lakh. Of them, 76 students accepted the offer. The highest package offered in the pre-placement was ₹25 lakh.

The key recruiters included Bajaj Finserv, Arcesium, Lowe’s India, Diageo, Enhance Group, WCCLG, HDFC, Titan, Qualcomm, AB InBev, Salesforce, Deloitte, Godrej & Boyce, Aequs, Tresvista, Accenture, Citibank, Pin Click, Virtusa, Berger Paints, Capgemini, People Business, VIP, ITC, Next Education, Airtel Payments Bank, Mahindra & Mahindra, Oyo, Tata Capital, Quess Corp, Brillio, Extramarks, Inspirage, Chai Point and AO Smith.

Quoting Madhu Veeraraghavan, Director of TAPMI, the statement said that TAPMI’s consistent strong placements are a reflection of its academic focus coupled with real-world training that enables students to take up the challenges in industry and carve a great career for themselves.