Indore: Increase of 24 percent in average stipend

IIM Indore students witnessed an increase of 24% in the average stipend offered from last year during their summer placement for 2018-20 batch, which concluded on Tuesday. The students have been offered internships in a multitude of domains by recruiters. “Summer placements this year witnessed participation from 540 students of Post Graduate Programme in Management as well as five-year dual degree management programme (Integrated Programme in Management) offered at IIM Indore. Industry stalwarts made campus one of their top recruiting destination in the country,” said Prof Rishikesha T Krishnan, director, IIM Indore.

Out of 540 students (446 PGP + 94 IPM), IIM-I attracted over 150 recruiters along with 37 prominent new recruiters hiring in sectors like automobiles, BFSI, consulting, e-commerce, energy, FMCG, infrastructure and real estate, healthcare, pharmaceuticals, technology, media. The average stipend offered was Rs 1.54 lakh and the median stipend witnessed a stupendous increase of 40%. The average stipend for top 100 students stood at Rs 2.57 lakh, an increase of 19% while the highest stipend increased by 33% from Rs 3 lakh to Rs 4 lakh.

IIM Indore continued to attract major financial organisations. American Express, Axis Bank, Barclays, CRISIL, DE Shaw, Deutsche Bank, Fidelity Investments, Goldman Sachs, HSBC, ICICI Bank, JPMorgan Chase & Co, Muthoot Fincorp, Nomura, Reserve Bank of India, Royal Bank of Scotland, SIDBI and Yes Bank participated in the process.

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