When it comes to pursuing management education, one key factor on every student's radar is the promise of a successful and fulfilling career after graduation. And in this quest for excellence, Lal Bahadur Shastri Institute of Management (LBSIM), Delhi, has emerged as a shining source of hope for those aspiring to excel in the world of business and management.
In the academic year 2022–23, the institute took a giant leap towards achieving placement bliss by welcoming over 50 prominent recruiters. These recruiters, who represent some of the most respected names in the corporate world, have continually entrusted LBSIM.
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In October 2022, a staggering 90% of placements were secured by the LBSIM. Later, by the first week of November, marking its second milestone, LBSIM achieved the seemingly impossible: a 100% placement success rate. So, what's the LBSIM magic behind this phenomenal placement trend? What makes this institute stand out from the rest? Join us to unravel this mystery.
What is the LBSIM difference?
Let's start with the basics. LBSIM offers a diverse range of PGDM programs tailored to meet the demands of the modern business world. From PGDM in General, Financial Management, Research, and Business Analytics to specialized courses, LBSIM ensures that its graduates are equipped with the skills that are currently ruling the market.
In today's job market, businesses are on the hunt for professionals with a wide range of skills and real-world experience. That's where PGDM graduates come into play.
PGDM courses offer specialized, industry-centric education. These courses adapt to market changes, making them ready for skill-based careers.
PGDM (Post Graduate Diploma in Management) offers varied specializations, develops students' personalities through practical experiences, and holds higher value in the corporate world compared to traditional MBA degrees.
By running one of the industry’s top-rated PGDM programs, LBSIM consistently ranked itself among India's top business schools.
In 2023, it proudly holds the title of being one of India's Best 20 Private Business Schools. Imagine being a part of an institution that not only teaches but also sets industry standards!
LBSIM Placement Highlights
By the first week of November 2022, LBSIM had already achieved an astounding 100% placement rate for its 2021–23 batch, with 95% of placements completed in October itself. That's not just a number; it's a hope that every student gets a job at their dream institute. But this is just not enough.
A Lucrative Average and Highest Salary
The average salary offered to LBSIM graduates soared to Rs. 12.42 lakhs per annum, a remarkable increase from the previous year's Rs. 11.30 lakhs.
LBSIM's 2021–23 batch witnessed a star-studded placement season, with the highest salary offered reaching a dazzling Rs. 24.75 lakh per annum. It's proof that LBSIM opens doors to not just jobs but lucrative career opportunities. This sharp rise in salary has been consistent since 2020.
Astonishing Growth in Average CTC
The growth in the average cost-to-company (CTC) is worth noting. According to LBSIM, the average CTC improved by 10%, showcasing that LBSIM graduates are in high demand and command competitive compensation packages.
Diverse Placements Across Sectors
The year 2023 witnessed a significant shift in placement trends at LBSIM. With 47.1% of students opting for careers in research and consulting, it's evident that this sector is booming.
The IT and ITES sectors account for 22.9% of placements, while BFSI makes up 13.8%. FMCG, engineering, and durables sectors follow with 10.6% and 5.6%, respectively.
This diversity ensures that students can choose from a wide array of career paths at LBSIM.
Course-wise distribution of CTC
LBSIM offers a variety of management courses, and each one is backed by excellent placement records. Here's a quick overview:
|
Courses |
Average |
Median |
Highest |
|
PGDM General |
12.40 |
12.25 |
24.75 |
|
PGDM Financial Management |
12.67 |
12.01 |
17.20 |
|
PGDM R&BA |
11.62 |
11.30 |
14 |
What makes LBSIM's placement success rate so high?
Let's unravel the mystery behind LBSIM's stellar 100% placement success and discover what sets it apart in the realm of management education.
1. Strong industry connections
Ever wondered how LBSIM manages to secure placements for all its students? Well, it's all about who you know, and LBSIM knows the right people! With a whopping 100+ recruiters onboard, including big names like DE Shaw & Co., Deloitte, EY, and Bain & Co., LBSIM opens doors to a wide array of career possibilities.
From Asian Paints to Airtel, Havells to Gartner, the list is impressive and diverse, spanning various sectors. These connections pave the way for LBSIM students to explore exciting career paths upon graduation.
2. Hands-on Learning
At LBSIM, it's not just about books and lectures; it's about diving headfirst into the corporate world. Through summer internships, students get to apply their classroom knowledge in real-life settings. Internships with industry giants like D.E. Shaw, Marsh, Red Bull, and Amul not only enhance skills but also provide invaluable networking opportunities.
Over 70 companies flock to LBSIM, offering employment prospects in sectors ranging from banking and finance to IT and FMCG. Additionally, students embark on international adventures in places like Dubai, Malaysia, and Indonesia, gaining a global perspective on business.
3. Rigorous Academic Curriculum
With recognition from the National Board of Accreditation (NBA) and AACSB membership since 2014, LBSIM's commitment to top-notch education is unwavering. The institute boasts a team of highly specialized professors, many of whom hold doctorates in their respective fields.
Their dedication reflects in the 48 research papers, 8 books, and 5 chapters/papers contributed in 2020–21 exclusively by the institute, showcasing LBSIM and its team expertise and passion for knowledge. All faculty members guide their students through the pre- and post-placement processes. The institute even has a dedicated alumni portal.
LBSIM Placement Process: The Secrets Behind LBSIM's 100% Placement Success:
When it comes to management education, LBSIM stands out for its remarkable 100% placement success. Ever wondered how they achieve this? Let's dive into the LBSIM placement process and discover the unique approach that sets them apart.
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Pre-Placement Talk:
Recruiters and students come together for a chat before the big day. Students learn about the company's expectations, and recruiters gauge if the students are a good fit.
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The Application Process:
LBSIM has made job hunting easier. Students have access to an ERP system where they can find detailed job descriptions. They can apply directly through this portal, showing their interest in the position. The Corporate Relations Cell then shares these profiles with the recruiters, making sure everyone is on the same page.
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The Selection Process:
This is where the magic happens. Selection processes are set in motion, either online or offline, depending on the company's preferences and government mandates. The Corporate Relations Cell ensures that everything runs smoothly, from logistics to infrastructure. No bumps in the road!
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Communicating the Offer:
Recruiters inform the Corporate Relations Cell about the results, and they, in turn, relay the information to the lucky students who made the cut. If it's a summer internship, students can join after Trimester 3; for final placements, it's after Trimester 6.
LBSIM's placement process is all about keeping things clear, straightforward, and efficient. That's how they maintain their incredible 100% placement success rate.
Conclusion
From empowering students through PGDM courses to ensuring a stellar 100% placement success rate, LBSIM is not just a campus; it's a launchpad for dreams. For every student aspiring to turn their passion into a fulfilling career, LBSIM is the ultimate destination, where aspirations take flight and futures find their true calling.
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