IIT, IIM students secure handsome packages even during pandemic: Report
The pandemic has not had a major impact on the placements for tier 1 and tier 2 campuses that had ended earlier than the second wave gained momentum
During Covid-19 when almost everyone is facing the financial brunt, students of IITs and IIMs have managed to secure handsome salary packages. The batch of 2021 which bore the complete impression of the pandemic has received larger pay compensation than the final year’s batch.
The pandemic has not had a major impact on the placements for tier 1 and tier 2 campuses that had ended earlier than the second wave gained momentum.
According to service agency Aon’s campus research, the average MBA package for Indian Institutes of Management (IIMs) and tier-1 and tier-2 enterprise colleges is projected to see the progress of 2-3% in 2021 over 2020.
IIM Indore witnessed a 3% improvement within the common CTC (cost to company) from the final year.
XLRI has seen a rise in common CTC provided to Rs 25.08 lakh per annum this year from Rs 24.30 lakh per annum in 2020.
The joining bonuses at these premier institutes have also seen an uptick at tier-1 and tier-2 campuses.
For MBA college students, it has gone up by a median of 2.9% year-on-year whereas, for BTech students, it’s up by 3.8%, as per Aon’s research.
The 10th version of the Aon India Campus Study 2020-21 had responses from 370 participant corporations throughout eight industries, together with hi-tech, e-commerce and dotcoms, shopper merchandise, manufacturing, and monetary establishments.