The final placement season at the Indian Institute of Management-Visakhapatnam (IIM-V) has been successfully completed with 100% placement for the third consecutive year. The average salary for the top quartile of the graduating batch of MBA students (2017-19) is 17.07 lakh per annum (LPA) and 14.82 LPA for the top half. The average salary for the batch is 12.61 LPA. The highest salary package is 22 LPA. The figures indicate higher salary packages at IIM-V compared to IIM-Nagpur, the only new IIM to have concluded its placement season so far, and some second-generation IIMs.
Professor M Chandrasekhar, director of IIM-V, said the batch broke all previous records and set new benchmarks. “Held on a rolling basis, the placement season witnessed more than 50 companies participating in the placement process and making multiple offers. With every passing year, the student cohort at the institute is scaling new peaks in performance. This is reflected in the progressively higher offers that recruiters have made,” said Prof Chandrasekhar.
The IT/ITES and BFSI (Banking, financial services and insurance) sectors continued to bet big on new talent, with each accounting for 25% of the placements. Dominant sectors include consulting (10.7%), energy (8.9%), conglomerate (7.1%), hospitality, infrastructure and luxury goods (3.6% each), FMCG, mining, automobile, chemical, manufacturing, market research and government (1.8% each).
Chairperson of Career Development Services (CDS), IIM-V, Prof Ganesh N Prabhu, said regular recruiters have continued their relationship and many new reputed companies joined this placement season. “This shows the visibility and performance of our students and alumni,” said Prof Prabhu.
Aditya Birla Payments Bank, Amara Raja Group, Amul, BASIX, Berger Paints, Bosch, Click Labs, Euromonitor International, Franklin Templeton, GMR Group, HDFC Bank, HSBC, ICICI Lombard, KPMG, Mu Sigma, TVS Motors, Waaree Energies and Yes Bank were the prime recruiters. Reaffirming its faith in the institute’s student talent, the Andhra Pradesh government recruited one student.
Coordinator, CDS, Prof Deepika Gupta, said the diversity of academic and professional backgrounds of students stimulate an advanced and holistic understanding and new approaches for solving real-world problems.
Major roles offered include those in sales and marketing (30.4%), project management (14.3%), finance (12.5%), leadership programme (7.1%), product management (5.4%), consulting (5.4%), general management, strategy and operations, IT advisory, operations and CRM (3.6% each), analytics, strategy and management analyst (1.8% each).
Abhishek Sonawane, an outgoing student and the placement secretary said, “We heartily thank our recruiters for reinforcing their faith in us. We would also like to congratulate all the students for their efforts that helped us get bigger brands on campus this year as well as improve the average and highest salary compared to last year,” said Sonawane.
Courtesy: TOI
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