New Delhi: Despite the pandemic, the Institute of Management (IIM) Nagpur has witnessed the highest stipend increase by 44% to Rs. 3.6 Lakhs as the institute concludes its summer placement process for its students.
The summer placement was conducted for the flagship programme of IIM Nagpur, i.e. the two year Post Graduate Programme in Management.
All 212 students, enrolled in the seventh batch of the Post Graduate Programme at IIM Nagpur, have been recruited successfully. The summer placement also witnessed the average stipend increase by 12.50% to Rs. 70,551, compared to the earlier placement season.
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With a 17.78% increased admission of 244 students in this year, IIM Nagpur achieved the 100% placement by January 28, 2022. This year, beyond 100 recruiters across multiple sectors such as FMCG (Fast Moving Consumer Goods, consumer durables, E-commerce, Edtech, analytics and consulting, BFSI (Banking, Financial Services and Insurance), Oil & Gas, pharmaceutical and real estate participated in the placement drive.
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As per the institute, this year also saw participation from several first time recruiters, making double-digit offers to the participants with multiple organisations recruiting the students for the premier internship programmes.
Some of the prominent recruiters included Microsoft, ICICI Bank, BNY Mellon, IBM, VGuard, Bank of America, Nivia Sports, Sodexo, Hindustan Petroleum, Juspay, BigBasket, D E Shaw and so on.
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Among the professional sectors, IT/ITES along with sales and marketing emerged as the most popular ones, followed by the fast moving consumer goods. More than 50% of the entire batch has opted for summer internship in these sectors, as per the institute.
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This year also witnessed participation in a huge number from sectors such as consulting, health and pharma, media and entertainment. More than 20% of the batch has chosen these sectors.
Along with this marketing and consulting have remained one of the safe choices among the participants in addition to the roles in finance, operations, analytics. The current batch of participants included an average work experience of 30 months and consists of students from multiple streams such as commerce, engineering and science.
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