Does work experience matters during placements? Are the placements good enough? I am a fresher from an IT background. My CMAT score is 96.35

Yes, it does help. Placements are good here.

Hello, Yes, it does matter, if the field of your work and the company you are applying are of the same stream. If it is different, then you may be asked the reason for the change in the stream (depends on the company). Yes, the placements are good. The institute gives 100% placement assistance.