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Job offers, led by management and strategy consulting firms, have been aplenty at the top business schools including the Indian Institutes of Management (IIMs) that have concluded their placement process so far.
However, the Covid-19 pandemic has left its imprint across campuses as they have posted a muted salary growth in the 2021 final placements over last year.
Consulting firms, followed by information technology (IT), finance and consumer goods, have continued to rule the roost at campus placements. Offers have, however, come along with either single-digit growth in average salaries or even a marginal dip in some institutes.
For instance, IIM Lucknow posted a seven per cent growth in its average salary, at Rs 26 lakh per annum (LPA) this year as against Rs 24.25 LPA in 2020. XLRI Jamshedpur saw a three per cent rise, at Rs 25.08 LPA this year over last year’s Rs 24.30 LPA. On the other hand, IIM Kozhikode and Bharatiya Vidya Bhavan’s SP Jain Institute of Management and Research (SPJIMR) saw a 2.5 per cent and 1.89 per cent dip, respectively. While IIM Kozhikode’s average annual cost-to-company (CTC) package stood at Rs 22.5 LPA as against Rs 23.08 LPA last year, SPJIMR attracted an average annual CTC of Rs 26.06 LPA as compared to Rs 26.36 LPA last year.

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