Mumbai: The graduating batch at IIM-Mumbai this year received 10% more offers from companies over the previous one, indicating a mild recovery in the job market. The class of 2025, the second to graduate from the institute with the IIM tag, will also enjoy a 5% rise in average pay.
Placements were driven by a 130% jump in offers from pharma and healthcare sectors compared to the previous year. Sectors including retail/e-commerce and consulting threw up plenty of opportunities too but offers from IT/Analytics and FMCG companies declined.
The top 10% of the batch secured an average package of Rs 47.5 lakh per annum, marginally higher than the graduating batch of 2024. The highest package offered by Microsoft remained at Rs 54 lakh per annum.
Nearly a third of the batch were hired through pre-placement offers. Half the batch got a package of Rs 34 lakh and above. Accenture, among leading consulting companies to make bulk offers, picked 41 students for a package of Rs 45.4 lakh per annum. The institute had close to 200 companies visiting the campus, as opposed to 180 last year.
“We saw a higher demand from recruiters for management graduates with a work experience of one to two years. The average experience of this batch was around 18 months. While consulting jobs continued to remain dominant, jobs offered in the pharma and healthcare sector saw a significant increase this year,” said IIM-Mumbai director, Manoj Tiwari.
He said the transition to becoming an IIM from the erstwhile National Institute for Training in Industrial Engineering (NITIE) has helped in gaining better visibility among recruiters. The institute also worked to expand curriculum in areas such as digital transformation, artificial intelligence, and data analytics, he said.
International offers were made by UAE-based Landmark at the institute. Among the leading recruiters were PwC India (18 offers) and PwC US Advisory (11 offers), Alvarez and Marsal, OfBusiness, Praxis Global Alliance, Vodafone Idea, Workday, and ZS, among others.
Also this year, 100% of the outgoing batch was placed within a shorter period, said professor in charge of placements, Vartika Srivastava.
The batch of 2026, with a strength of 505 students, also bagged summer internships with the highest stipend of Rs 5 lakh for two months offered by a cola company. Over 50% of the batch got a stipend of Rs 3.6 lakh and above for the eight-week internship duration.
Mumbai: The graduating batch at IIM-Mumbai this year received 10% more offers from companies over the previous one, indicating a mild recovery in the job market. The class of 2025, the second to graduate from the institute with the IIM tag, will also enjoy a 5% rise in average pay.
Placements were driven by a 130% jump in offers from pharma and healthcare sectors compared to the previous year. Sectors including retail/e-commerce and consulting threw up plenty of opportunities too but offers from IT/Analytics and FMCG companies declined.
The top 10% of the batch secured an average package of Rs 47.5 lakh per annum, marginally higher than the graduating batch of 2024. The highest package offered by Microsoft remained at Rs 54 lakh per annum.
Nearly a third of the batch were hired through pre-placement offers. Half the batch got a package of Rs 34 lakh and above. Accenture, among leading consulting companies to make bulk offers, picked 41 students for a package of Rs 45.4 lakh per annum. The institute had close to 200 companies visiting the campus, as opposed to 180 last year.
“We saw a higher demand from recruiters for management graduates with a work experience of one to two years. The average experience of this batch was around 18 months. While consulting jobs continued to remain dominant, jobs offered in the pharma and healthcare sector saw a significant increase this year,” said IIM-Mumbai director, Manoj Tiwari.
He said the transition to becoming an IIM from the erstwhile National Institute for Training in Industrial Engineering (NITIE) has helped in gaining better visibility among recruiters. The institute also worked to expand curriculum in areas such as digital transformation, artificial intelligence, and data analytics, he said.
International offers were made by UAE-based Landmark at the institute. Among the leading recruiters were PwC India (18 offers) and PwC US Advisory (11 offers), Alvarez and Marsal, OfBusiness, Praxis Global Alliance, Vodafone Idea, Workday, and ZS, among others.
Also this year, 100% of the outgoing batch was placed within a shorter period, said professor in charge of placements, Vartika Srivastava.
The batch of 2026, with a strength of 505 students, also bagged summer internships with the highest stipend of Rs 5 lakh for two months offered by a cola company. Over 50% of the batch got a stipend of Rs 3.6 lakh and above for the eight-week internship duration.
