BITSoM Placements 2023: Average CTC for top 10 per cent of Class stood at INR 37.02 LPA

Students with prior full-time work experience who had declared their last drawn salaries at an average of INR 7.34 lakhs were placed with an average post-MBA CTC of INR 20.81 lakh per annum.

BITSoM Placements 2023

BITSoM Placements 2023: BITSoM Mumbai has concluded its placement outcomes for its founding class (MBA 2021-23). The recruitment drive recorded an average CTC of INR 23.85 lakh per annum and the highest CTC at INR 50.10 lakh. Students bagged opportunities from leading companies in coveted roles across industries. Students with prior full-time work experience who had declared their last drawn salaries at an average of INR 7.34 lakhs were placed with an average post MBA CTC of INR 20.81 lakh per annum, according to the official statement.

The average CTC for top 10 per cent of Class stood at INR 37.02 lakh per annum. The average for the top 30 percent stood at INR 30.42 lakh, and the average CTC for top half of the class INR stood at INR 28.17 lakh. The median CTC is INR 23 lakh. The statistics include 37 students who accepted pre-placement offers.

The placements attracted offers from prominent companies across various domains such as General Management, Consulting, Sales and Marketing, Product Management & Technology, and Finance. Top-tier consulting firms like McKinsey & Co., Bain & Co., Kearney, Arthur D Little, Praxis Consulting, EY, PwC, KPMG, Deloitte India, and MXV Consulting hired during the placement process.

All the positions offered in the consulting firms are in management consulting, tech consulting, human capital consulting, or deals and M&A. Marquee employers from the BFSI sector also made offers, including JP Morgan Chase (investment banking), Cervin Ventures (venture capital), Eight Capital (private equity), Aditya Birla Capital, ICICI Bank, Kotak Mahindra Bank, Yes Bank, and FlexiLoans.

Organisations that made offers for their flagship management trainee programmes include Hindustan Unilever, Pidilite, Aditya Birla Group, Vodafone Idea. Furthermore, employers such as Signify, Aditya Birla Fashion and Retail, Eureka Forbes, BP, Arcelor Mittal, CISCO, Bosch, Tiivra, and HT Media, also recruited students across functions. The B-school drew some new-age and tech companies like FanPlay IOT, Freyr Solutions, Zapcom, Accenture, HSBC Technology, Wolters Kluwer, and More Retail for roles in Product Management and Technology.

With the placement process nearing completion for the founding class, Uday Virmani, Assistant Dean, External Engagements, said, “It is rare for a school in its first year to have companies like McKinsey & Co, Bain & Co, AD Little, Kearney, Hindustan Unilever, JP Morgan Chase, and BP hiring from its founding class, and offering the kind of roles that they did. We are very happy with the outcomes, and at the same time, thankful to these organisations who have put their faith in the School and in our students.”

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