Free Press Journal

Indore: IIM-Indore sees top offer of Rs 39 lakh


Indore: At a time when many people lost jobs due to demonetisation, Indian Institute of Management (IIM) Indore students not only witnessed 100 campus placements but also saw increase in average salary, though marginal, with Strategy & Consulting and Finance domains dominating the scenario.

The class of 2017 also witnessed 28 per cent hike in pre-placement offers. Also, the highest domestic package shot up from Rs 32 lakh last year to Rs 38 lakh this year.

The international highest package also went up from Rs 30 lakh last year to Rs 39 lakh this year, an increase of 22 per cent over last year. The average CTC stood at Rs 16.23 lakh per annum compared to Rs 15.67 lakh per annum last year.

As many as 611 students took part in the placement process. Of these, 449 belonged to the Post Graduate Programme (PGP), 100 were from Integrated Programme in Management (IPM) and 62 were from IIM-I’s Mumbai campus. The placement season witnessed participation from over 200 companies, including 74 first time recruiters.

Strategy & Consulting emerged as the leading domain with over 160 participants securing offers. Actuate Business Consulting, Boston Consulting Group, Cognizant Business Consulting, Deloitte Strategy & Operations, Ernst & Young, Feedback Infra, Infosys Management Consulting, KPMG and PwC were some of the marquee recruiters in this domain.

This premier institution maintained its position as one of the preferred recruitment destinations for the finance domain with bulge-bracket investment banks like Credit Suisse, Deutsche Bank, Goldman Sachs and JPMorgan Chase & Co rolling out over 30 offers while Arcesium, Axis Bank, Bank of America Continuum, CRISIL, etc were some of the other major recruiters.

Some of the major first time recruiters include Apollo Munich, Apollo Pharmacy, Atos, Avery Dennison, Directi, Dell EMC, Feedback Infra, FIS Global, Ford, GMR Group, ICICI Securities, Panasonic, Shriram Wealth Advisors, Sundaram BNP Paribas, Tech Mahindra (GLC), Vedanta and VF Corporation.

Continuing previous year’s trends, sales and marketing remained one of the most favoured domains among the participants with many big brands choosing to recruit from the campus in large numbers.

Technology domain aspirants bagged offers from top firms such as American Express, ATOS, Capgemini, Cognizant, etc. Operations and HR roles were offered by firms like Amazon, Apollo Pharmacy, DHL Express, Ford etc.

The second batch of the five-year IPM course had 100 participants and witnessed 100% placements with an average CTC of Rs 12.52 LPA, with close to 40% of the batch opting for the Finance domain.

Expressing his thoughts about the season, IIM Indore director Prof Rishikesha T Krishnan said “At IIM Indore, our endeavour is to be a contextually-relevant business school with world class academic standards substantiated by the AMBA accreditation of our programmes. We are confident that our graduates will contribute significantly to make organisations both effective and efficient.”

  • 28 per cent hike in pre-placement offers
  • Highest domestic offer shoots up from , Rs 32 lakh last year to Rs 37 lakh this year
  • International highest package offered is Rs 39 lakh, against Rs 32 lakh last year
  • Average salary offered this year stood at Rs 16.23 lakh per annum against, Rs 15.67 lakh previous year
  • 606 students take part in campus placements, 5 take entrepreneurial roles
  • 200 companies, including 74 first time recruiters, hire students

“Despite challenging economic changes, we have continued to be the preferred choice for many of the industry leaders. Leading recruiters have offered various challenging managerial roles to more than 600 of our 2-year PGP and 5-year IPM graduates. We are happy to highlight the improving placements of our IPM participants. This year a lot more recruiters expressed interest and appreciated the performance of IPM participants in the whole process.”

Prof Rishikesha T Krishnan, Director, IIM Indore