The highest domestic package offered this year is Rs 1.14 crores per annum, witnessing an exponential rise of 132.6% from the previous year. The average salary is Rs 30.21 lakh per annum this placement season, an increase of 20.8% over last year. This year’s placement drive had a line-up of over 160 recruiters doling out offers to 568 students from the two-year Post Graduate Programme (PGP) and Integrated Programme in Management (IPM), according to the institute.
The median compensation, according to a release shared by the institute, is Rs 27.20 lakh per annum, an increase of 12.9% compared to the previous year.
All the students who had enrolled for placements this year have job offers in hand.
“We at IIM Indore have always been steadfast in strengthening our industry engagement by providing world-class management education and delivering sustainable value to our stakeholders. This is evidenced by the stellar placements secured by our students in the face of challenging times,” said Himanshu Rai, Director, IIM Indore.
The students have received offers from companies across domains, such as consulting, finance, general management, HR and operations, IT, analytics and product management, and sales & marketing.
This year, the institute forged ties with 80+ new recruiters, including Aarti Industries, Adani Group, African Industries Group, Alkem Laboratories, AM/NS, Ambit Capital, Bira 91, BlackRock, CavinKare, CITI Bank, DCM Shriram, Delhivery, DISYS, Dolcera, Edelweiss Alternative Asset Advisors, among others. 29% of the batch attracted offers from consulting firms such as Accenture Strategy, Accenture Tech Consulting, Acuvon Consulting, Aspect Ratio, Avalon Consulting, Bain & Company, Boston Consulting Group (BCG), Deloitte India, Deloitte USI, Everest Group, Eversana, Ernst & Young, EY Parthenon, among others. With 18% of the total offers, IIM Indore continued to deepen its foray into the finance space, witnessing participation from reputed firms, including Ambit Capital, Axis Bank, Bank Of America, Barclays, BlackRock, CITI Bank, Credit Suisse, D.E. Shaw, Delhivery, Deutsche Bank, DISYS, Edelweiss Alternative Asset Advisors, Goldman Sachs, HDFC Bank, among others.
In the Sales & Marketing domain, recruiters, including AB InBev, Asian Paints, Atomberg Technologies, Bajaj Auto, CavinKare, Dr. Reddy’s Laboratories, Everest Industries, Haleon, Hero MotoCorp, HUL, IBM, Infosys Ltd, ITC, Johnson & Johnson, etc, rolled out offers to 18% of the batch.
16% of the batch secured offers in IT, Analytics and Product Management with participation from recruiters, including Amazon, American Express, Axtria, Capgemini Chrysalis, CarDekho, Carwale, Cognizant, Dolcera, Equitas Small Finance Bank, etc, according to the institute’s release.
Consulting, Banking, Financial Services and Insurance (BFSI), and Technology, Media & Telecommunications (TMT) sectors saw the highest participation, accounting for over three-fourths of the total offers.
Some of the key recruiters at IIM Indore include Accenture, Adani Group, Amazon, Ambit Capital, American Express, Bain & Company, Boston Consulting Group, Citi Group, Deloitte, Deutsche Bank, EY, Goldman Sachs, HUL, IndigoEdge, ITC, Kearney, KPMG, McKinsey & Company, o3 Capital, PwC and Reliance, according to the release.