IIM Indore Summer Placement: Average Stipend Rises 24% to Rs 1.54 Lakh


Summer placement for the batch 2018-20 at IIM Indore saw an increase of 24% in the average stipend at Rs 1.54 Lakh and the median stipend went up by 40% compared to the previous year.

The average stipend for the top 100 students stood at Rs 2.57 Lakh, an increase of 19% while the highest stipend increased by 33% from Rs 3 lakh to Rs 4 lakh, IIM Indore said in a press release.

While the biggest batch of 540 students (446 PGP + 94 IPM) participated in the placement, 150 plus recruiters along with 37 newcomers were at the campus offering roles in Automobiles, BFSI, Consulting, E-commerce, Energy, FMCG, Infrastructure & Real Estate, Healthcare, Pharmaceuticals, Technology, Media and Telecom among others.

IIM Indore Director Prof Rishikesha T Krishnan said it was a testament to the diversity and the academic rigour of the combined batch that industry stalwarts made the campus one of their top recruiting destination in the country. Several recruiters across sectors chose to hire students in large numbers for multiple profiles while an influx of prominent new recruiters reassured the solid performance of IIM Indore students in the industry, he added.

In the Finance domain, major recruiters included American Express, Axis Bank, Barclays, CRISIL, D. E. Shaw, Deutsche Bank, Fidelity Investments, Goldman Sachs, HSBC, ICICI Bank, JPMorgan Chase & Co., Muthoot Fincorp, Nomura, Reserve Bank of India, Royal Bank of Scotland, SIDBI and Yes Bank.

The students were offered roles in Asset & Wealth Management, Corporate Finance, Corporate & Retail Banking, Financial Analytics, Investment Banking, Risk Management and Transaction Banking.

The first-time recruiters included Barclays, Edelweiss GWAM, Kotak Wealth Management and Unimoni among others.

IIM Indore has always been a sought-after campus in Sales and Marketing. The trend continued this year, with the highest number of roles being offered in this domain. Recruiters included Aditya Birla Fashion Retail Limited, Amway, Apollo Tyres, Asian Paints, Bajaj Auto, Bharat Petroleum, Career Launcher, Cipla, ConAgra Foods, Dabur, Eli Lilly, GroupM, GlaxoSmithKline, HP Inc, Hindustan Unilever Ltd.

HT Media, ITC, Jubilant FoodWorks, L’Oreal, Marico, Nestle, OfBusiness, OLX, PepsiCo, Pidilite, Prataap Snacks, PUMA, Raymond, Royal Enfield, ShopClues, Sunteck Realty, TAFE, UB Group and Wildstone also were among the recruiters.

The roles they offered included Brand Management, E-Commerce, Product Management, Digital Marketing, Product Branding, Sales Planning, General Trade and Modern Trade. AstraZeneca and Himalaya Drug Company were among the first time recruiters in this sector.

Consulting saw a steep increase with 19 % of the batch opting for consulting and strategy roles. The Boston Consulting Group recruited for the sixth time in a row along with Avalon Consulting, Ernst & Young, Andhra Pradesh government, IQVIA, Infosys Management Consulting, PricewaterhouseCoopers India, PricewaterhouseCoopers SDC and Synergy Consulting.

The roles offered included Business Analyst, Development Manager, Product Manager and Project Manager among others.

The placement season also saw Deloitte USI returning after a brief hiatus. The first-time recruiters included Bain Capability Centre, Everest Management Consulting, SKP Group and Thoucentric Management Consulting among others.

Aditya Birla Group recruited for its Leadership Associate Program (LEAP) for the very first time apart from recruiting through other channels for its Group Internship Program. General Management domain had regular recruiters like Eli Lilly, Essel Group, JSW Group, Maersk Line, Mahindra & Mahindra GMC, Raymond, Reliance Industries and Vodafone Idea.

The operations and HR domain saw increased interest among the recruiters including Amazon, Cummins, Dr. Lal Path Labs, Larsen & Toubro and Tata Steel. New relationships were established with companies including Gilbarco Veeder-Root, Polycab, Tata Communications and others.

Capgemini, Cognizant, Google, Intel, Tata Consultancy Services and Wipro were among major recruiters in the IT sector.

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Hindustan Unilever and General Electric continued to recruit interns for their coveted IT leadership programmes. Esteemed organizations such as Cigniti Technologies, Droom, GGK Tech, HP Inc, IndiaMart, Mahindra Comviva, MakeMyTrip, Media.net, Microland, Nissan Digital, Optum, Robert Bosch and Vodafone Idea Limited were some of the other leading organizations in the IT/Analytics domain.

The roles offered included Business Analyst, Development Manager, Product Manager and Project Manager among others.

The first-time recruiters included Aditya Birla Group, AstraZeneca, Bain Capability Centre, Barclays, Everest Management Consulting, Essel Group, Andhra Pradesernment, HP Inc, Intel, Kotak Wealth Management, Thoucentric Management Consulting and Unimoni.


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