The Indian Institute of Management, Indore (IIM-I) announced completion of its Final placements for the 2016 batch, with 162 recruiters including 53 first time recruiters, extending offers to 617 participants, the largest across all IIMs. The batch includes 447 PGP Indore, 64 PGP Indore – Mumbai Campus participants along with 106 participants from the first batch of the 5 year Integrated Programme in Management (IPM).
Pre-placement offers at Indian Institute of Management, Indore (IIMI), this year have seen an average 10% increase in salary package over the previous year, according to the institute.
The premier management school, one of the few IIMs in the country, has completed its final placements for the 2016 batch, with 162 recruiters including 53 first time recruiters, visiting the campus.
With 83 pre-placement offers (PPOs) this year, the average cost to company (CTC) stood at Rs 15.67 lakh per annum (LPA), up 10% from last year. The highest domestic package was Rs 32 LPA while the highest international package stood at Rs 30 LPA, the institute said.
The first graduating batch of IPM (five-year Integrated Programme in Management) participants witnessed 100% placement and bagged offers from recruiters like Credit Suisse, Deloitte, Nomura, JP Morgan, HDFC, IndusInd Bank, IBM, ICRA Management Consulting, Tata Sky, UAE Exchange, etc.
According to a release issued by the institute, the feedback received from recruiters in the first placement season of IPM has been encouraging. A leading credit rating agency said, “We found the candidates to have a good understanding of concepts and confidence to face the demand of the corporate world.”
With the majority of offers coming from the finance domain, the average salary of the batch stood at Rs 11.96 LPA, including international offers.
“I am delighted to see validation of our approach with more than 600 of our two-year PGP and five-year IPM graduates accepted by leading companies across sectors for challenging managerial positions this year,” said professor Rishikesha T Krishnan, director of IIM Indore.
The finance sector saw about 150 offers coming from recruiters like American Express, Axis BankBSE 0.88 %, Bank of America, Edelweiss, Fidelity Investments, Goldman Sachs, HDFC Bank, IndusInd Bank, Kotak Mahindra Bank,Nomura, SBI Bank and UAE Exchange. This included over 60 offers rolled out by Credit Suisse, Deutsche Bank, ICICI Bank, JPMorgan, Nomura and RBS put together.
In the FMCG, consumer goods, telecom and media sectors, about 110 offers came from major recruiters such as Akzonobel,Boeghringer Ingelheim, Coffee Day Beverages, General Electric, Godrej & Boyce, GSK Pharma, HCCB, HUL, Idea, ITC, L’Oreal, Marico, Maruti Suzuki, Nestle, PepsiCo, Philips, Pidilite, Tata Sky, Videocon and Vodafone. Aditya Birla Group, Airtel, GE and HUL recruited students for their coveted leadership programme.
The technology sector witnessed participation from recruiters like Accenture, Capgemini, Cognizant, Dell, Google,Hexaware, HCL, Infosys, Mindtree, Mphasis and Wipro.
- Increase of 10% in the average CTC over the last year.
- Highest Domestic Package: INR 32 LPA
- Highest International Package: INR 30 LPA
- Average Domestic Package: INR 15.67 LPA
- No. of PPOs(Pre-Placement Offers): 83