Highest salary offered rises 25%; average salary rises nearly 4% to
INR 11.50 lakhs in a weak market
by Suman Gupta
Manipal, 04th March 2020: T A Pai Management Institute (TAPMI), one of India’s premier b-school with the prestigious double crown accreditation (AACSB, AMBA), announced placement for its flagship Post-Graduate Diploma in Management (PGDM) General and PDGM-BKFS programmes for the batch of 2018-20.
The institute witnessed a hike in the average salary to INR 11.5 lakhs, compared to INR 11.1 lakhs last year. The highest package offered was INR 25 lakhs, an increase of 25% from last year. The average package of PGDM (BKFS), the specialist programme of TAPMI designed on the lines of MS (Finance) has increased to INR 12.7 lakhs from INR 11.3 lakhs offered last year. TAPMI students have achieved a 2.8 times increase in their salary post-programme in comparison to the pre-programme salary.
The BFSI sector recruited (28%) followed by Consulting (25%), IT, Analytics & E-commerce (30%), FMCG & Retail (12%), and Manufacturing & Core (5%). The key recruiters included Bajaj Finserv, Arcesium, Lowe’s India, Diageo, Enhance Group, WCCLG, HDFC, Titan, Qualcomm, AB InBev, Salesforce, Deloitte, Godrej & Boyce, Aequs, Tresvista, Accenture, Citibank, Pin Click, Virtusa, Berger Paints, Capgemini, People Business, VIP, ITC, Next Education, Airtel Payments Bank, Mahindra & Mahindra, Oyo, Tata Capital, Quess Corp, Brillio, Extramarks, Inspirage, Chai Point and AO Smith.
Congratulating the batch for their splendid performance and reiterating TAPMI’s commitment towards quality academic inputs and career development, Prof. Madhu Veeraraghavan, Director, TAPMI, said, “TAPMI’s consistent strong placements is a reflection of its academic focus coupled with real-world training which enables students to take up the challenges in industry and carve a great career for themselves.” He also mentioned that “Placements for the specialist PGDM (HR) programme have commenced and are on track and will be completed by the second week of March.”
This year, 428 students were eligible for placements of which five students opted out of the placements to venture out on their own. A total of 421 students were placed across 102 companies. Some 78 students were offered Pre-Placement through summer internships at an average package of INR 12.90 lakhs, of which 76 students accepted the offer. The highest package offered in the pre-placement was INR 25 lakhs.
About TAPMI – The student city of Manipal, Karnataka plays host to the T. A. Pai Management Institute, fondly called TAPMI. With academic rigour and experiential learning as its core, TAPMI’s Post Graduate Diploma in Management programs (PGDM) are approved by the All India Council for Technical Education (AICTE) and internationally accredited by AACSB. This year, new PGDM programs in Human Resources (HR) are being launched by the institute and are awaiting regulatory approval.
