Indore: Indian Institute of Management (IIM) Indore has successfully concluded its Summer Placements for the class of 2018 for a batch of 561 PGP and IPM students. The average stipend saw almost 15% increase from last year while the Boston Consulting Group offered the highest stipend of INR 3,00,000. This year’s average stipend stood at INR 1,04,000 for the entire batch while the average for the top 100 offers was INR 1,88,000.
The placement season saw the participation of around 170 companies. First-time recruiters accounted for almost 40% of the total participating companies and included the likes of Avalon Consulting, Corporate Executive Board, CIMB Bank, Credit Suisse, DE Shaw, Dell, Dr Lal PathLabs, Ernst & Young, FIS Global, GroupM, Idea, IDFC Bank, IndiaMart, JSW Group, KPMG, Nomura Holdings, Ogilvy & Mather, PT Bank Maybank Indonesia, PwC, SBI Cards, Shell, Standard Chartered, Sun Pharma, Times OOH, YES Bank and WYZ Games to name a few.
While bulge bracket investment banks like Credit Suisse, Deutsche Bank, Goldman Sachs and J.P. Morgan Chase together rolled out more than 30 offers, recruiters like HCCB, Madura Fashion and Lifestyle and RPG also reaffirmed their faith in IIM Indore by hiring after a brief hiatus.
With among functions, the season saw maximum offers in the Sales & Marketing domain with 35% of the batch opting for it. Finance roles attracted 22% of the batch talent while consulting, IT and General management followed lead with 10-12% students opting for each domain.
The third batch of Integrated Programme in Management (IPM) that appeared for summer placements witnessed increased participation by leading recruiters like Credit Suisse, DE Shaw, HCCB, HUL, L’Oreal, Nomura Holdings, Ogilvy & Mather to name a few.
“IIM Indore offers the Indian corporate sector a unique and diverse set of smart, motivated and talented participants. I am delighted to see the excellent response to our candidates for summer internship and am confident that they will make excellent contributions in the 8 weeks they spend with these companies,” said Professor Rishikesha T Krishnan, Director, IIM Indore.
