In what can be called a positive development amid the negativity of the COVID pandemic, and ongoing economic slowdown, the Indian Institute of Management (IIM) Indore saw impressive summer placements with Sales & Marketing, and Consulting sectors dominating the scenario.

The premier b-school not only witnessed 100 per cent summer placements for the batch of 2022 but it also saw the rise of nearly 7 per cent in average stipend compared to last year.

The average stipend last year was Rs 1.68 lakh (for two months) which this year stood at Rs 1.8 lakh.

However, the highest stipend saw a decline from last year’s Rs 4 lakh to Rs 3.2 lakh this year.

The institute saw over 190 recruiters, including nearly 70 new ones participating in the campus placements which were held virtually due to the COVID-19 situation.

“The summer placement process for the two-year Post-Graduate Programme (PGP) along with the 5-year Integrated Programme in Management (IPM) repeated its feat of 100 per cent summer placements for the largest batch across IIMs with 575 participants,” said a press release issued here by the elite b-school on Tuesday.

"We are delighted that once again, the top recruiters of the country have reposed their faith in our students despite the dire COVID-19 circumstances. We aim to continue strengthening our relationship with the industry, thereby offering a world-class and contextually relevant curriculum that enhances our participants` skills and develops them as socially sensitive leaders and managers.”- Prof Himanshu Rai, director, IIM Indore. 

Apart from the traditional recruiters, a lot of first-time recruiters participated in the summer placement process. The organizations which participated in this year summer placement season included Amazon, American Express, ArcelorMittal Nippon Steel, Asian Paints, Axis Bank, Bain & Co, Bajaj Auto, Barclays, Bridgestone, Boston Consulting Group, Capgemini, Cognizant, Cipla, Credit Suisse, D E Shaw, Deloitte India, Deloitte USI, Deutsche Bank, Everest Group, General Electric, Goldman Sachs, Google, etc.

Despite the tough times, 70+ new recruiters participated this time, including Amazon Web Services, Cloudtail, GlaxoSmithKline Consumer Healthcare, Lubrizol, Marsh, Rohatyn Group, Tata Consumer Products, and Veritas.

“All the recruiting partners continued to put their trust in the institute because of its inculcating values through innovative experiential learning, the high degree of industry integration, and consequent curriculum relevance,” the institute release said. 

Sales and Marketing was one of the most sought-after domains constituting 25 per cent of the total offers as recruiters including Asian Paints, Dabur, Hindustan Unilever, ITC, L`Oreal, Marico, Piramal, Puma continued to bestow their trust in the institute.

In the Consulting domain, marquee recruiters like Boston Consulting Group, Bain & Co, Deloitte India, Deloitte USI, Everest Group, GEP Consulting, McKinsey & Co, PricewaterhouseCoopers SDC, Optum, among others, recruited 24 percent of the batch.

Finance attracted 21 percent of the total offers from the big names like Barclays, Credit Suisse, D E Shaw, Deutsche Bank, Goldman Sachs, HSBC Bank, JP Morgan Chase & Co, StateStreet etc for premier roles.

IT & E-commerce companies like American Express, Baker Hughes, Capgemini, Google, General Electric, Microsoft, Walmart Labs offered a good number of roles to students.

Big recruiters and conglomerates that offered leadership roles are ACT Fibernet, Amazon, Cipla, JSW Group, Mahindra & Mahindra, Larsen & Toubro, and Tata Steel.

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

₹ 10 - ₹ 1000

NYOOOZ FRIEND

₹ 2000 - ₹ 5000

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.

Stay updated with all the Latest Indore headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.