Placements 2019

Institute of Rural Management Anand (IRMA) placements were held during February 04-09, 2019. The batch of 167 students who participated in the campus placements were placed in three days time. The average salary offered by the business sector organizations stands at 14.24 lakhs per annum (against 12.17 lakhs last year, noting a jump of 17%) and that for the development sector organizations (NGOs, Cooperatives, and Government Development Agencies) stands at 10.43 lakhs per annum (against 9.47 lakhs last year, noting a jump of 10.72%). The median salary stands at Rs. 11.47 lakhs per annum (against 10 lakhs last year, noting a jump of 14.7%). The maximum salary for the batch stands at Rs. 50.31 lakhs and the minimum salary consciously chosen by our student in the development sector stands at 6.20 lakhs. Prof. Pratik Modi chaired the placements activities this year.

This year’s placements experienced a substantial increase in the number of overall job offers received compared to the last year. As an indication of the increased engagement of business as well as development sector organizations with rural, we received 407 job offers from 119 recruiters for the batch. This year 28 students received Pre-Placement Offers (PPOs) from various organizations. The Gujarat Co-operative Milk Marketing Federation is the single largest recruiter this year, as it was the last year. It recruited 20 candidates from IRMA. Cooperatives/Producers Collectives as a sector recruited a total of 32 candidates.

Multinational and national agribusiness corporations such as Tolaram, Afriventures, ITC Agribusiness Division, ADM Agro, Godrej Agrovet, National Bulk Handling Corporation, Seedworks, Adani Wilmar, etc., participated in the placements. From the FMCG and Retail sector, Pidilite, Future Group, Grofers, Big Basket, Metro Cash & Carry, Ninjacart, etc., recruited from IRMA. Banking, finance, and insurance companies such as, ICICI bank, IDFC bank, Fullerton, Vivriti Capital, Northern Arc, Caspian Impact Investments, ICICI Prudential, Bharati AXA, Reliance General Insurance, and several small finance banks recruited from the campus this year.

A total of 28 students took up offers made by NGOs, development agencies and CSR foundations. Organizations such as UNICEF, Tata Trusts (FISE), Vedanta Foundation, Reliance Foundation, BAIF Development Research Foundation, BRLPS – JEEVIKA, Precision Agriculture for Development, Responsible Mica Initiative, REHWA Society, Access Livelihoods Consulting (ALC) etc., recruited through the campus placements.

Encl:

Placement 2019 Summary

Annexure A: List of Recruiters – 2019

Sector-wise Salary Breakup

Placement 2019 Summary

Additional Stats

Value (INR)
Top 10 Percentile Average 27,65,413
First Quartile Average (Top 25% of the batch) 20,28,000
Upper Half Average (Top 50% of the batch) 16,45,883
Lower Half Average (Bottom 50% of the batch)

9,19,108

 

Compensation Summary 2017 2018 2019 % change (over 2018)
Maximum CTC (Overall) 46,50,000 46,50,000 50,31,032 8.19%
Mean CTC (Corporate Sector) 10,57,000 12,17,000 14,23,769 17%
Mean CTC (Development Sector) 9,37,000 9,42,000 10,42,962 10.72%
Mean Overall (Corporate + Development) 10,22,000 11,39,000 12,84,672 12.79%
Median 8,40,000 10,00,000 11,47,000 14.70%
Minimum CTC 4,50,000 3,50,000 6,20,000 77.14%

 

Organizations/Jobs Summary 2017 2018 2019
Number of Organizations that announced jobs 92 114 119
Number of Vacancies Announced 220 315 407
Number of Organizations that participated in process 52 60 52
Number of First-time organizations 10 26 18

Annexure-A List of Recruiters – 2019

Sector-wise List of Organizations

No. of Students Placed

Agribusiness 28
1. Adani Wilmar 2
2. ADM Agro Industries 1
3. Afri Ventures 6
4. Big Basket 2
5. Godrej Agrovet Limited 2
6. ITC Limited 4
7. Mother Dairy Fruit & Vegetable (P) Ltd. 2
8. National Bulk Handling Corporation Pvt. Ltd. 1
9. Our Food Private Limited 5
10. Safe Harvest 1
11. Seedworks International Private Limited 1
12. Tolaram Group 1
BFSI 35
13. Bharti Axa General Insurance 1
14. Caspian Impact Investments Private Ltd. 2
15. Fincare Small Finance Bank 2
16. Fullerton India Credit Co. Ltd 4
17. HDFC Ergo General Insurance Company Limited 1
18. ICICI Bank 6
19. ICICI Prudential Life Insurance 2
20. IDFC First Bank 4
21. Microsave 1
22. Northern Arc Capital 2
23. Reliance General Insurance Company Ltd 3
24. Samasta Microfinance Ltd 2
25. Satin Credit Care Network Limited 1
26. Ujjivan Small Finance Bank 2
27. Vivriti Capital Private Limited 2
Collectives & Co-Operatives 32
28. Gujarat Cooperative Milk Marketing Federation 20
29. Mehsana Dist. Cooperative Milk Producers’ Union Ltd. (Dudhsagar Dairy) 3
30. The Punjab State Cooperative Milk Producer’s Federation Limited 4
31. The Tamilnadu Cooperative Milk Producers Federation Ltd (Aavin) 5
CSR & Social Business 5
32. Niine 1
33. Vedanta Ltd. 4
FMCG & Retail 23
34. Future Group 5
35. Grofers India Pvt. Ltd. 5
36. Metro Cash & Carry 3
37. Ninjacart 10
Government Development Agencies 4
38. Bihar Rural Livelihoods Promotion Society JEEVIKA 4
Non- Government Development Organization 19
39. Access Livelihoods Consulting (ALC) 2
40. BAIF Development Research Foundation 4
41. Foundation for Innovation and Social Entrepreneurship (FISE) 1
42. Precision Agriculture for Development 1
43. REHWA Society 2
44. Reliance Foundation 6
45. Responsible Mica Initiative 1
46. UNICEF 2
Rural Sales & Marketing 15
47. D Light Energy 1
48. Hero MotoCorp Ltd. 1
49. Inthree Access Services Private Limited 5
50. OmniActive Health Technologies Limited 2
51. Pidilite Industries Limited 6
Technology & Consultancy 6
52. Stellapps Technologies Private Limited 6
Grand Total 167


Sector-wise Salary Breakup


 
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