Visakhapatnam

IIM, Visakhapatnam achieves 100% placement yet again

Students of the IIM,Visakhapatnam who have landed jobs posing for a photograph, on Wednesday.

Students of the IIM,Visakhapatnam who have landed jobs posing for a photograph, on Wednesday.  

Average salary put at ₹12.61 lakh, highest CTC touches ₹22 lakh

Indian Institute of Management, Visakhapatnam has achieved 100% placement yet again, for the graduating batch of MBA students (2017-19).

With superior all-round performance, the students lived up to the expectations of renowned companies and received plum offers in rich profiles and niche roles, a statement issued by the institute said here on Wednesday.

Held on a rolling basis, the placement season witnessed more than 50 companies participating in the process and making multiple offers.

Of the 60 eligible students, four requested deferment of their placements to next year.

“With an average salary for the top quartile at ₹17.07 lakh per annum (LPA), for the top half at ₹14.82 LPA, the average salary for the batch at ₹12.61 LPA and median package at ₹12 LPA, and to cap it all, with the highest salary at ₹ 22 LPA, the batch broke all previous records setting new benchmarks,” the statement said.

Major recruiters

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 counted among the who’s who of the corporate world, were the major recruiters.

Reaffirming its faith in the Institute’s student-talent, Government of Andhra Pradesh (GoAP) recruited from the institute once again. An IIM release said the students were well-equipped for the dominant roles of the industry.The continued trust and confidence reposed in the students of the institute resulted in several top-notch recruiters hiring this year too. KPMG, the big-four consulting firm, hired students for their government advisory, IT advisory and strategy and operations consulting practice.

Leading FMCG company Amul on-boarded students for sales and marketing. Infrastructure giant GMR extended offers for its management trainee programme in the operations domain. Berger Paints signed up students for marketing role.

“With every passing year, our students are scaling new peaks in performance. This is reflected in the progressively higher offers that recruiters have been making. This year is no exception,” IIM-V Director M. Chandrasekhar said.

Ganesh N. Prabhu, chairperson of Career Development Services said all regular recruiters continued their relationships and many new companies recruited from IIM-V, which showed the visibility and performance of students and alumni.

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Printable version | Feb 26, 2020 3:25:45 AM | https://www.thehindu.com/news/cities/Visakhapatnam/iim-visakhapatnam-achieves-100-placement-yet-again/article26657467.ece

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