New Delhi: Indian Institute Management Technology, IMT Nagpur has successfully conducted its placements for the batch of 2021-23, where it recorded an increase in the average salary upto 6% and the highest salary stood at INR 20.14 LPA.
This year, the IMT Nagpur Placement 2023 for the Batch 2021–23 has broken all of its previous records owing to the strategic modifications in the placement process. The average salary for IMT Nagpur Placement 2023 increased by 6%, rising to INR 10.76 LPA from INR 10 LPA the previous year.
Even the highest salary registered so far was INR 20.14 LPA. Meanwhile, IMT Nagpur has completed 97% placement and is set to complete 100% placement for the large batch of 2021-23.
During the IMT Nagpur Placements, some of the marquee companies that have hired the students are Bain & Co, KPMG, Cognizant, Capgemini, Crisil, HSBC, Wipro among others.
IMT Nagpur Placements 2023: Trends in Average Salary
With prominent employers recruiting the talented students, the placement process for 2023 witnessed successful participation of students and topnotch companies. The following table illustrates comparison of the last two years with a considerable increase in the average salary:
| Placement Year | Average Salary (Rs. In Lakhs) | Percentage Increase |
|---|---|---|
| 2023 | 10.76 | 6% |
| 2022 | 10 | 24.21% |
| 2021 | 7.97 | NA |
IMT Nagpur Placements 2023: Highest Salary Trends
The institute has successfully completed 97% placement so far and is marching on to accomplish 100% placement soon. Tabulated below shows the highest salary registered in Placement during the last 2 years.
| Placement Year | Highest Salary (Rs. In Lakhs) | Percentage Increase |
|---|---|---|
| 2023 | 20.14 | 25% from 2021; Reduced by 14% from 2022 |
| 2022 | 23.57 | 47.31% |
| 2021 | 16 | NA |
IMT Nagpur Placements 2023: Top Recruiters
The high salaries at IMT Nagpur are a result of renowned corporations visiting the institute for placement. Some of the topnotch recruiters at IMT Nagpur include:
- Arcesium India
- Barclays
- KPMG
- Oxane Partners
- Cognizant
- Capgemini
- Crisil
- Schneider Electric
- Bata
- HSBC
- Wipro
IMT Nagpur Placements 2023: Sector and Domain wise Placements
With 37% of placements, IT/ITES has overtaken BFSI as the top recruiting sector, with 17% of placements. The following table illustrates the current sector/domain placements for 2023.
| Sector/Domain wise offers by companies | Percentage of Students Placed |
|---|---|
| IT & ITES | 37% |
| BFSI | 17% |
| Consulting | 15% |
| Retail | 11% |
| Service | 9% |
| FMCG/FMCD | 6% |
| Manufacturing | 4% |
IMT Nagpur Placements 2023: Roles & Profiles Offered
It’s not just high salaries that were offered by leading companies at IMT Nagpur. Companies also offered good profiles to IMT Nagpur students. Some of the area wise key profiles and roles offered in placement 2023 are:
The leading companies at IMT Nagpur gave more than high salaries. Companies also offered excellent positions to the students. Some of the important roles and profiles offered in placement 2023, include:
| IMT Nagpur Placement 2023: Area Wise Profile offered in Final Placements | |
|---|---|
| Finance | Mortgage Banking Analyst, Business Analyst, Associate - Financial Operations, Tax Consultant, Associate Conultant, Corporate Finance, Associate Financial Operations, Europe-Bid Manager, Financial Services-Finance Consultant, IFC Audit Risk, Consultant Enterprise Risk, Risk Steward-Asstt Manager |
| Marketing | District Manager, Product Management Officer, Business Analyst, Associate Solution Advisor, Management Trainee, Buying and Merchandising, Analyst, Corporate Trainee, Supply Planning |
| HR | Young Leader Management Trainee-HR, Process Analyst, - Management Graduate HR, Human Capital Consulting, Management Trainee - HR |
| BA & IT | Process Analyst, Associate Solution Advisor, Business Analyst, Research Analyst, CX Techno Functional Consultant |
| Operations | District Manager- Operations |
IMT Nagpur Placements 2023: Strategic Changes Adopted
Commenting on the exceptional placement records, IMT Nagpur Placement Head Vidhya Srinivas said that the Change is not an event; it is a Process.
Speaking about the strategies adopted by the institute, the placement head shared the key placement mantras.
According to the proverb, the early bird gets the worm. The placement team at IMT Nagpur put this straightforward yet efficient tactic into practice. They began the placement process for 2023 significantly earlier than the majority of other B-schools. This brought in more fresh recruiters, which improved placements.
IMT Nagpur adhered to the motto "Spreading the Wings, far and wide" when it reached out to several new businesses in various industries and regions. The outcomes were favourable. There were numerous new organisations among the regular participants in IMT Nagpur Placements 2022.
While B-schools work hard to invite companies to visit their campuses, ultimately it is the student performance in the company recruitment process that results in job offers.
Realizing this, IMT Nagpur takes many steps including:
- IMT Nagpur has strong corporate connections with 100+ senior corporate leaders visiting IMT Nagpur in an academic year, resulting in good and consistent placement records.
- Students are trained for placement season rigorously. IMT Nagpur hires training agencies to train the students on their personal and professional skills.
- Faculty and alumni interactions are conducted regularly which help students to be ready to face recruiters.
- Boot camps are conducted before every company which comes for recruitment to brush up the subject knowledge of the students and prepare them well for the selection process of the companies.
- This helps the student convert the company faster and with higher packages.
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