The Indian Institute of Management Ranchi (IIM-R) has achieved 100% summer internship placements for its flagship PGDM and PGDHRM 2015-17 batch. A total of 82 firms participated in the placement drive, making 180 offers to the batch of 167 students.
PGDM students saw an increase of 24.4% in average stipend to Rs 72,000 for the two month period. The top 25% received 1.4 lakh average stipend and 38 new companies participated in the placements.
Continuing the trend over the past five years, Sales & Marketing and Finance were the most preferred domains among the students. In all, 71 firms recruited from the PGDM batch of 2015-17. The number of FMCG and Manufacturing sector recruiters witnessed a 100% increase this year.
While 48% of the batch went into Sales and Marketing, 19% opted for roles in Finance and 12% chose Consulting/Strategy domains. Niche roles such as Front End Investment Banking, Strategy & Operations and Risk Advisory were offered by prominent recruiters in the consulting and financial services space.
Sector wise split saw 26% recruitments in FMCG & Manufacturing followed by 21% in BFSI and 15% in Services.
While the average stipend was Rs 72,000, the highest domestic stipend was Rs. 1.88 lakh (in Finance) and highest international stipend was Rs 2.84 lakh (in Sales & Marketing).
Prominent recruiters in Sales & Marketing were HT Media, Snapdeal, Volvo Eicher, Berger Paints and BPCL. Roles were offered in Digital marketing, Social media marketing, Market research and Corporate branding.
In Finance, roles were offered in Investment Banking Equity research, Securities, Insurance, Risk Management and Corporate finance by ICICI Bank, Kotak Mahindra Bank, Singhi Advisors and RPG.
Recruiters in Strategy & Consulting included Deloitte, Ernst & Young, RPG, PWC Management Consulting and Polaris India. They offered roles in Strategy & Operations, Strategic Analyst and Management Consultant.
In PGDHRM, increase in average stipend was by 30.5% to Rs. 73,200 with Rs. 1.3 lakh average stipend being offered to the top 25% students. Among prominent recruiters were ITC, Samsung R&D, Tata Steel, RPG, Tupperware, Maruti Suzuki, Jubilant Foodworks, ACC Cements, Reliance, Wipro Consumer Care & Lighting, Metro Cash & Carry, Azim Premji Foundation and RBL Bank.
This year, more than 40% of the PGDHRM students were placed in the FMCG & Manufacturing sector. The institute also saw strong participation from the BFSI domain and conglomerates. In all, 29 firms recruited from the PGDHRM batch.
Sector wise split saw 41% of the batch opting for FMCG & Manufacturing followed by 19% in Groups/Conglomerates and 155 in BFSI.
While more than half of the students were offered an HR Generalist role (58%), other niche roles like Compensation & Benefits, Industrial Relations, Talent Management, Organisational Development and HR Analytics were also offered.
Among prominent recruiters were Deloitte, ICICI Bank, ITC, Samsung R & D, Tata Steel, RPG, Honeywell, Tupperware, Jubilant Foodworks, ACC Cements, Airbus, Cognizant, L&T, BPCL, Reliance, Wipro Consumer Care & Lighting, Metro Cash & Carry, Azim Premji Foundation and RBL Bank. The average stipend was Rs. 73,200 and the highest stipend Rs 1.88 lakh.