Summer internship placement at the Indian Institute of Management Amritsar saw the average stipend rise by 49.6% on a Year-to-Year basis with a figure of Rs. 49,780.
The second batch of students in the Post Graduate Program in Management (PGP) also managed to bag the highest stipend offer of Rs. 1.1 lakh.
IIM Amritsar, set up under the mentorship of IIM Kozhikode, is the 15th addition to IIMs family. IIM Amritsar Society was registered on July 27, 2015 and the first batch of students for the class 2015-17 was enrolled on August 6, 2015.
The highest stipend offer was Rs 1.1 lakh, the top 105 got stipend offer of Rs.97,000. The top 25% received stipend offer of Rs. 77,360. The number of companies participating in the placement was 51.
With a bold move to double the batch intake to 107 in the very second year, IIM Amritsar has been overwhelmed by the phenomenal response from industry, the Institute said in a release.
Ernst and Young was the biggest recruiter, followed by several prominent industry names including ICICI Lombard, Maruti Suzuki, Shopclues, Toyota, SBI, EXIM Bank, Adani, DHFL Pramerica, PayU, IFFCO, Tega, RBI, Canara Bank and Choco-Swiss.
Marketing and Consulting roles constituted approximately 50% of the total offers. The rest were in Finance, Operations, Data Analytics Strategy and HR.
While 43 members of the class were freshers, 27 had 12-23 months of work experience. Seventeen of them had notched up 24 to 35 months and 7 had more than 36 months of work experience.
In educational background, engineers dominated with 30 students from ECE/Electrical, 20 each from Mechanical/Automobile/Avionics and CS/IT. Thirteen were from Civil/Chemical/Other. Eleven had B.com background while two each had BA, B.sc., BBA/Finance degrees.
In gender ratio, the class has 91 male and 14 female students. Of the total 107 students, 3 had opted out of placement. The remaining 104 students received 122 offers.
The highest stipend offer was Rs 1.1 lakh, the top 105 got stipend offer of Rs.97,000. The top 25% received stipend offer of Rs. 77,360. The number of companies participating in the placement was 51.
In Industry-wise split, the largest number of 25 offers were made in Consulting & Advisory, 17 in FMCG, 14 in Edutech, 11 each in Insurance & BFSI and Finance & Financial Services. Real Estate and Information Technology came up with 7 offers each.
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Home Decor & Furniture made 6 offers. Mass media & Communication and Energy & Automobile made 5 offers each among others.
In role-wise split, 36.1% were in Sales & Marketing, 19.7% in Consulting, 14.8% in Finance, 11.5% Operations & Data Analytics, 8.2% Business Development, 7.4% Strategy and 2.5% HR.
The students were offered niche roles in Business Analytics, Digital and Retail marketing, Marketing Research, Web Analytics, Management Consultant, Social Media Strategist, Product management, Equity Research, Executive Assistant to CEO, Financial Analyst and Project Valuation to name a few.
