IIM Nagpur has achieved 100% summer placement for the 111-member PGP batch 2018-20 with the students getting an average stipend of Rs 54,751and the highest offer at Rs 2.50 lakh.
The intake for the flagship two-year Post-Graduate Program in Management, the fourth batch since the inception of the IIM, had doubled since last year. The placement process was completed by the second week of January.
The average and the median stipend for the top quartile were Rs 1.13 Lakh and Rs 1.10 Lakh respectively.
More than 40 recruiters from FMCG, Consumer Durables, Oil & Gas, E-Commerce, FinTech, Aerospace & Aviation, Consulting, BFSI, Logistics, Media & Broadcasting and Real Estate sectors had participated in the process.
Several first-time recruiters had also participated in the placements coming up with double-digit offers. Among the first-time recruiters was John Mathew Sebastian, Manager HR (Talent Acquisition) V-Guard Industries Ltd. He said he was impressed by the quality and exuberance of the students.
Prominent recruiters included OLX, Berger Paints, V-Guard, Century Real Estate Holdings, Mapro, Amul, Yes Bank, HPCL, BPCL, SIDBI, Pladis Global, Tata Aerospace & Defence Ltd, Blue Star, Sutherland Global, Value Labs and Jio Studios. V-Guard, OLX, Early Salary and Mapro.
FMCG and Consumer Goods was the most sought-after sector followed by Fintech and E-Commerce with more than 40% of the batch opting for summer internship roles.
The placements also saw the IT and Government Sector participating in a big way. More than 17% of the batch opted for roles in these sectors. Marketing and Operations were also popular among the students. Apart from these, several roles were also offered in Strategy, Finance, and Analytics.
In order to promote the newly-introduced entrepreneurship specialization in the PGP, IIM-N is supporting one of the students to work with a startup in lieu of a summer internship.
“The completion of the summer internship process this early is a clear vindication of the recruiters’ judgement of the quality of our institute. We are grateful to them. We are confident in our pursuit of staying relevant to the industry, and seek the continued support of industry,” IIM Nagpur Director Prof LS Murty said.