New Delhi: Indian Institute of Management, Indore, has successfully completed its placement session for the class of 2023. The highest domestic CTC received was that of INR 1.14 Cr.
According to the official placement report by IIM Indore, the highest salary received has increased by 65 lakhs, i.e; around 136.2% increase from placement 2022. The average salary at Rs 30.21 lakh per annum has seen an increase of 20.8% compared to last year. The IIM Indore Placement 2023 has witnessed 160 recruiters offering jobs to 568 students from the PGP and IPM programs.
The offers were made by companies operating in various domains, including consulting, finance, general management, HR and operations, IT, analytics and product management, and sales & marketing. 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.
This year, IIM Indore has established relationships with more than 80 new recruiters this year, including companies like Aarti Industries, Adani Group, African Industries Group, Alkem Laboratories, AM/NS, Ambit Capital, Bira 91, BlackRock, CavinKare, CITI Bank, DCM Shriram, Delhivery, DISYS, Dolcera, and Edelweiss Alternative Asset Advisors.
The biggest involvement was seen in the consulting, banking, financial services, and insurance (BFSI) and technology, media, and telecommunications (TMT) sectors, which accounted for more than three-fourths of the offers.
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.
18% offers were made from the finance sector with companies like 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.
According to the press release, among the major employers at IIM Indore are 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.
“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.
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