IIM Tiruchy 2018 placements: Students see 7.4 % jump in annual salary

172 of the 176 students from the Post Graduate Programme in Management, batch of 2016-18, registered for final placements; all of them bagged job offers

The Indian Institute of Management (IIM) Tiruchirappalli has reported a 7.4 per cent jump in the average annual compensation compared to last year. The average annual compensation of top 25 percentile increased by 24 per cent.

Also, there has been a four-fold increase in domestic offers with annual compensation above Rs 3 million, and an increase of six times in those with annual compensation above Rs 2 mn.

It may be noted that the batch size increased by 63 per cent compared to last year.

The Final placements were for the Post Graduate Programme (PGP) in Management for the batch of 2016-18. Out of 176 students in the batch, 172 registered for the placement programme and all of them received job offers. The highest international compensation offered was Rs 5.45 million per annum, while highest domestic annual compensation offered was Rs 3.17 million. Average annual compensation, across all domains, was Rs 1.42 million.

This year the institute witnessed participation from 113 companies providing 177 offers to the students. Recruiters offered roles across various domains like Finance, Sales and Marketing, Consulting& Analytics, Strategy & General Management, Operations and OB & HR.

Some of the regular recruiters include JP Morgan & Chase, L&T, Cognizant, Dell, ICICI Bank, Microsoft, Avalon Consulting, Deloitte, HCL, Royal Bank of Scotland, RBL Bank and Saint Gobain.

IIM Trichy hosted a number of new recruiters this year. Some of the prominent recruiters among them are GMR Group, UltraTech Cement, DHL, Tolaram Group, ValueLabs, Trafigura, VLCC and Kotak Life Insurance.

Consulting and analytics accounted for nearly 31 per cent of the offers, followed by sales and marketing (30 %), finance (17 %), strategy and general management (14 %) and operations (7 %) and others.

Prof. Abhishek Totawar, Chairperson, Placement and External Relations said that even with the 63 per cent increase in the batch size compared to the previous year, growth in the placement statistics are a proof of the brand image which IIM Trichy has built in the past few years.

National Testing Agency not CBSE to conduct entrance exams

The proposal for the creation of an exclusive agency to conduct all entrance tests was cleared by the Union cabinet on November 10, 2017

On November 10, 2017, Friday, the Union cabinet, chaired by Prime Minister Narendra Modi, cleared a proposal for the creation of a National Testing Agency (NTA). An exclusive body, NTA will initially conduct entrance examinations currently being managed by the Central Board of Secondary Education (CBSE).

Setting up of NTA will reportedly benefit about four million students appearing in various entrance examinations.

According to an official communique, the NTA would, over time, also relieve the All India Council for Technical Education (AICTE), the Indian Institutes of Technology (IITs), the Indian Institutes of Management (IIMs) and other agencies from the responsibility of conducting entrance tests and hence enabling them to focus on their core mandate.

Exams affected 

CBSE currently conducts major higher education-related entrance tests apart from school exams at the Class X and Class XII level for CBSE-affiliated schools. The board also conducted five other tests including the National Eligibility Cum Entrance Test (NEET) for students aspiring to join medical colleges, the Joint Entrance Examination (JEE-Main) for admission to the elite IITs, and the National Eligibility Test (NET) on behalf of the University Grants Commission (UGC) for selecting professors to teach in colleges and universities, the Central Teacher Eligibility Test (CTET) for appointment of teachers across states, and the entrance test for Jawahar Navodaya Vidyalayas (JNVs). (more)