Advertisement

IIM-I witnesses 100% placement, average salary goes up by 10 pc

FPJ Bureau | Updated on: Friday, May 31, 2019, 05:36 PM IST

Advertisement

FINAL PLACEMENT REPORT-2016

Indore : Indian Institute of Management Indore witnessed 100 per cent placement for the 2015 batch and also an increase of 10 percent in average salary with finance sector dominating the scenario.

The highest domestic package offered was Rs 32 lakh, Rs 3 lakh lower than last year. Similarly, there is a drop in the highest international package this year. Last year, the highest international package was Rs 43.6 lakh. This year, it’s only Rs 30 lakh.

Advertisement

 “As many as 617 students participated in the campus placements and all of them got placed. This was the largest batch to graduate out of an IIM,” said IIM Indore’s placement officer Bhavya Kapoor.

The batch includes 447 PGP Indore, 64 PGP Indore-Mumbai campus participants along with 106 participants from the first batch of the 5-year Integrated Programme in Management (IPM).

As many as 162 recruiters, including 53 first time recruiters, extended offers to the students of IIM Indore.

Advertisement

With 83 PPOs, this year garnered an overall average CTC of Rs 15.67 lakh per annum, an increase of 10% as compared to last year.

The first graduating batch of IPM participants bagged offers from marquee recruiters like Credit Suisse, Deloitte, Nomura, JP Morgan, HDFC, IndusInd Bank, IBM, ICRA Management Consulting, Tata Sky, UAE Exchange among others.

The feedback received from the recruiters in the first placement season of IPM has been encouraging. A leading credit rating agency remarked “We found the candidates to have a good understanding of concepts and confidence to face the demand of the corporate world.”

Advertisement

With majority of offers being rolled out from Finance domain, the average salary of the batch stood at 11.96 lakh per annum to IPM students, including International offers such as EA to CFO & MD by a leading international foreign exchange company.

The batch diversity at IIM Indore attracted multiple profiles from first time recruiters like Bharti AXA, Credit Suisse, LAVA International, Max Life Insurance, Mondel?z International, Nestle, Tata Sky, Thomson Reuters, UAE Exchange among others.

Finance emerged as the leading sector with around 150 offers from marquee recruiters such as American Express, Axis Bank, Bank of America, Edelweiss, Fidelity Investments, Goldman Sachs, HDFC Bank, IndusInd Bank,Kotak Mahindra Bank, etc.

Growth in the offers from Consulting Sector was another key trend as The Boston Consulting Group, Deloitte, KPMG and ZS Associates together made 45+ offers, contributing to an overall 100+ offers in the domain. Other recruiters in the domain included Ernst & Young, PwC, Cognizant Business Consulting, IBM, ICRA Management Consulting, WNS Global Services amongst others.

The Institute continued its stronghold on the Sales and Marketing domain with a total of around 150 offers being extended to the participants. In  FMCG, consumer goods, telecom and media sector around 110 offers from major recruiters such as Akzonobel, Boeghringer Ingelheim, Coffee Day Beverages, General Electric, Godrej & Boyce, GSK Pharma, HCCB, HUL, Tata Sky, Videocon etc. Aditya Birla Group, Airtel, GE and HUL recruited students for their coveted leadership program.

The technology sector witnessed participation from recruiters like Accenture, Capgemini, Cognizant, Dell, Google, Hexaware, HCL, Infosys, Mindtree, Mphasis and Wipro to name a few. In the e-commerce sector, leading players such as Flipkart, IndiaMART, Nykaa, Paytm and People Group (Shaadi.com) extended multiple roles to the students.

Comment

“At IIM Indore, our endeavor is to be a contextually-relevant business school with world class academic standards. We seek to combine both scale and quality. I am delighted to see validation of our approach with more than 600 of our 2-year PGP and 5-year IPM graduates accepted by leading companies across sectors for challenging managerial positions this year.” Prof Rishikesha T Krishnan, Director, IIM Indore

*        Highest domestic package is Rs 32-L, Highest intl package is Rs 30-L

*          Average salary of PGP Rs 15.67 lakh PA and IPM Rs 11.96 PA

*          617 students, including IPM students and PGP Mumbai, participated in placements

*          162 recruiters, including 53 first time recruiters, extend offers

*          Finance sector dominate placement scenario with 150 offers

*          Sales and Marketing domain also sees around 150 offers

*          Three PGP and one IPM student take entrepreneurial route

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Thursday, March 03, 2016, 12:19 AM IST