Rs 21.78 lakh package is highest in placements for PGDBA course, offered jointly by IIM, IIT and ISI
The inaugural batch of the Post Graduate Diploma in Business Analytics (PGDBA), jointly offered by three premier institutions IIM Calcutta, IIT Kharagpur and ISI Kolkata, has recorded an impressive placement. While the domestic package was Rs 20.14 lakh, the highest offer was Rs 21.78 lakh.
“The recently concluded final placement for the first batch (2015-2017) of the PGDBA witnessed an encouraging participation from the organisations from diverse industries,” a release issued on behalf of the Indian Institute of Management, Calcutta (IIMC) said in Kolkata on Wednesday.
The graduating batch comprising 51 students, received a total of 52 offers of which 49 are domestic and three international offers.
The placement hiring process received remarkable involvement from 38 companies including Fortune 500 companies like American Express, Walmart Labs, PwC, MasterCard, JPMC.
The inaugural batch of PGDBA were offered an average annual compensation package of Rs. 17.14 lakh and the highest was Rs. 20.14 lakh per annum by the domestic recruiters. The international recruiters offered average annual compensation package of Rs 18.07 lakh, the highest being Rs. 21.78 Lakh, the release said.
Commenting on the placement, Prof Uttam Kumar Sarkar, Dean (NI&ER), IIM Calcutta said, “From day one we had been very upbeat about this tri-institute PGDBA programme designed with inputs from passionate experts of analytics industry and from those of the three premier institutes.”
“We are happy the programme turned out to be exactly what had been planned. It’s a great satisfaction to see industry response and positive feedback from stakeholders have exceeded all our expectations,” he added.
In the consulting domain, recruiters included PwC US Advisory, Deloitte, Alvarez and Marsal, and EXL Services that hired for consultant positions in Analytics.
In the finance and financial Services domain, American Express and MasterCard hired for their Payments Analytics division, while Dunia Finance, Edelweiss Financial Services and Societe Generale for financial analytics roles.
In few other domains, Walmart Labs hired in Retail Analytics, UHG hired in HealthCare Analytics and Rediff & Ittiam offered challenging analytics and data science roles from Digital Media industry.
Mitsubishi Fuso, Mahindra & Mahindra, Larsen & Toubro and Cummins were organizations that hired in the Supply Chain, Business Intelligence and Inernet of Things (IoT) domains with this space now growing in the international market.
International offers comprised the positions offered by Mitsubishi Fuso in Tokyo and Dunia Finance in Dubai.
Microsoft, JP Morgan Chase, Directi also showed keen interest and participated in the placement process.
Expressing views on the program, Professor Amita Pal, Dean of Studies, ISI Kolkata said, “It is indeed heartening to note that this new and unique programme, which is driven by the expertise of three premier institutions of this country, is already finding its niche in the arena of Business Analytics. The vision behind this novel initiative stands endorsed through its quick acceptance by the major players in the field.”
The PGDBA is a unique programme that aims to help shape the emerging profession of business analytics by delivering a cutting edge inter disciplinary educational experience to the participants, with an aspiration of building a career in this field.