The Final Placement for the batch of 2016-18 at IIM Indore saw the highest international offer at Rs 63.45 lakh per annum and domestic offer at Rs 33.04 lakh per annum. The average CTC was Rs 18.17 LPA, a 12% increase from the previous year.
During the placement season, as many as 200 firms had rolled out offers to a total of 624 students including 443 PGP participants, 68 PGP, Mumbai participants and 113 participants from the 5-year Integrated Programme in Management (IPM).
The average CTC for the IPM batch stood at Rs 15.16 LPA, a phenomenal increase of 21% from the previous year. Also, owing to the excellent performance of students during their summer internships, the number of Pre-Placement Offers (PPOs) extended by companies this year recorded a phenomenal increase by 40% to 147.
IIM Indore has emerged as one of the top destinations for Finance with 27% of the batch opting for roles in the sector. Investment Banks, Private Equity and Venture Capital firms offered highly coveted front end roles to the fresh graduates.
“It is a happy moment to witness another good placement season with a large number of industry giants reaffirming their trust and confidence in the rigorous pedagogy followed at IIM Indore,”
Major recruiters including Axis Bank, Bank of America, Credit Suisse, Deutsche Bank, Goldman Sachs, Edelweiss, HDFC Bank, HSBC, ICICI Bank, Indus Valley Partners, JPMorgan Chase, Kotak Mahindra Bank, Max Life Insurance, Nomura, Royal Bank of Scotland and Yes Bank continued their long-term association with IIM Indore.
Consulting & Strategy had 24% opting for key roles. The major recruiters were Accenture Strategy, Boston Consulting Group, Cognizant Business Consulting, Deloitte USI, Ernst & Young, EXL Service, Infosys Management Consulting, KPMG and PricewaterhouseCoopers.
Sales & Marketing took 22% of the students. Recruiters in the sector included Asian Paints, Dabur, Godrej & Boyce, GroupM, GSK Pharma, Hindustan Coca-Cola Beverages, HUL, ITC, L’Oréal, Marico, Maruti Suzuki, Mother Dairy, Panasonic, PepsiCo, Pidilite, Tata Steel, TimesOOH, Tolaram Group, Toppr and Vodafone.
In the technology domain, chosen by 10%, Accenture, Capgemini, Cognizant, Google, HUL, HCL, IBM, Infosys, L&T Infotech, MAQ Software, UHG, and Wipro were the major recruiters.
Participants interested in General Management (10%) and Operations & HR (7%) received offers from recruiters such as Aditya Birla Group, Airtel, GMR, JSW Group, Mahindra & Mahindra, Microland, PayTM, Reliance Industries, Cipla, IndiaMART and Larsen & Toubro among others.
The third batch of the five-year Integrated Programme (IPM) had recruiters including Asian Paints, CP Group, Goldman Sachs, HUL, JPMorgan Chase, L’Oréal, Nomura and UAE Exchange offering key roles.
“It is a happy moment to witness another good placement season with a large number of industry giants reaffirming their trust and confidence in the rigorous pedagogy followed at IIM Indore,” Professor Rishikesha T Krishnan, Director, IIM Indore said.
“The relentless effort and dedication of the students have contributed significantly to the excellence of the Institute,” he added.