Indore : With market showing upward trend, Indian Institute of Management-Indore witnessed 100 percent placements for the batch of 2013-15 and also an increase of 14 percent in average salary with finance dominating the scenario.
The highest domestic package offered was Rs 35 lakh, Rs 1 lakh more than the last year figure, while the highest international package was Rs 43.6 lakh.
“As many as 508 students, including of IIM Indore’s Mumbai campus, participated in the campus placements and all of them got placed. This was the largest batch to graduate out of an IIM,” IIM Indore’s placement officer Bhavya Kapoor said.
The average compensation of Indore Campus was Rs 14.3 lakh per annum while the overall average compensation (including Mumbai Campus) was Rs 13.9 lakh per annum, an increase of 14 percent even with a 7 percent increase in the total number of participating candidates.
The placement season witnessed participation from 130 companies including 42 first time recruiters. There were a total of 93 pre-placements offers, a 52 percent increase compared to last year.
The function wise split based on number of offers rolled out this season was finance (26%), sales and marketing (24%), consulting (23%), general management (11%), IT/ITes (9%) and operations & HR (7%).
Consulting continued to gain its stronghold with leading global consulting firms such as Boston Consulting Group, Deloitte, Ernst & Young, KPMG and McKinsey & Co recruiting this year.
“Deutsche Bank, Goldman Sachs, JP Morgan and Royal Bank of Scotland together rolled out more than 40 offers,” Kapoor said.
Axis Securities, American Express, Citibank, Edelweiss, Futures First, HDFC to name a few also picked up students from IIM Indore.
An increasing academic focus on e-commerce was complemented by one-tenth of total offers coming in this sector from prominent recruiters like eBay, Flipkart, IndiaMART, Olacabs, Meru Cabs, Shopclues, Snapdeal, etc. Reflecting the growing importance of Big Data and Analytics, this year saw participation from prominent firms like Cognilytics, Cognizant Analytics, and CRISIL.
This year also saw an increased participation from the FMCG sector with major recruiters such as Britannia, Dabur, Godrej & Boyce, Hindustan Unilever, ITC, L’Oréal, extending multiple offers. Cipla, GlaxoSmithKline, J&J Pharma were major recruiters from pharmaceutical sector; Airtel, Idea and Vodafone recruited from telecom sector while Lenovo, Philips and Samsung recruited from consumer durables sector.
Major conglomerates such as General Electric, Larsen &Toubro, Mahindra & Mahindra, Reliance Industries and RPG Group offered diverse roles in Finance and General Management. Google and IBM were the prominent recruiters in the technology sector.
This year, placement report comes prior to convocation For last two years, the placement scenario was not as good as it was this year. IIM-Indore could not even release placements reports for 2011-13 and 2012-14 batches following poor placement scenario ahead of convocation ceremonies. The placement report of 2011-13 was announced about a month after the convocation ceremony. Last year also, the placement report was declared after the convocation ceremony. The poor placement scenario was attributed to increased batch size and economic slowdown. This year placement reports came much before the convocation which is to be held in March-end.
