Amidst the recovering COVID-19 hit economy, achieving 100% record-breaking Summer Placements added a feather in the cap to the glorious 25 years which the Indian Institute of Management Indore (IIM Indore) completed on October 03, 2021. With the largest talent pool in the IIM family, IIM Indore witnessed 573 participating candidates from the two-year flagship Post Graduate Programme (PGP) and 5-year Integrated Programme in Management (IPM).
Since 2019, IIM Indore proudly continues to be part of the cohort of the only 3 Indian B-Schools to achieve the prestigious ‘Triple Crown’ accreditation from AMBA, AACSB and EQUIS. It has been ranked 6th in the NIRF Rankings 2021 and 4th among Indian B-Schools in the World QS Rankings.
On this occasion, Prof. Himanshu Rai, Director, IIM Indore congratulated the participants for successful summer placements. ‘We are delighted to share that the recruiters have reposed their faith in our participants, as they have always done. Our participants are amongst the brightest in the nation and the summer placement offers are a testimony to that’, he said. He noted that the Institute focuses on the constant growth and development of its participants, and now has foreign collaborations with over 40 universities in 16 nations. ‘The Institute stands firm on its mission to remain contextually relevant and develop socially conscious leaders, managers and entrepreneurs who are determined to contribute to nation building’, he said.
COVID-19 pandemic showed tough times ahead. However, the constant endeavour of the institution to maintain and strengthen industrial relations with existing and first-time recruiters has surfaced through the plethora of companies that participated in the summer placement process.
IIM Indore was graced by the presence of traditional recruiters like Amazon, American Express, Asian Paints, Axis Bank, Bain & Co, Bajaj Auto, Baker Hughes, Barclays, Boston Consulting Group, Bridgestone, Capgemini, Cipla, Credit Suisse, Cummins, Dabur, DE Shaw, Deloitte India, Deloitte USI, Deutsche Bank, Diageo, Dr.Reddy’s Lab, Everest Group, General Electric, GEP, GlaxoSmithKline Pharma, Goldman Sachs, Google, Hindustan Unilever, ICICI, ITC, JPMC, Kotak Mahindra Bank, KPMG, Larsen & Toubro, Marico, Marsh, McKinsey & Co, Media.net, Microsoft, MX Player, Optum, Philips, Piramal, PwC India, PwC US, Reliance, TATA Steel, TCS, The Rohatyn Group, Vodafone Intelligent Solutions, Walmart, Wipro among others.
30+ new recruiters participated including AB InBev, Accenture Strategy, Atomberg, Coca-Cola, Dr. Reddy’s Laboratories, Eversana, Flipkart, Hindustan Times, Johnson & Johnson, Media.net, OfBusiness, PepsiCo, Phable Care, Procter & Gamble, Salesforce, Tresvista, Xiaomi.
Continued faith in the Institute’s vision, engagement with the industry and its educational pedagogy resonated well with the recruiters.
In Consulting domain, elite recruiters included Accenture Strategy, Bain & Co, Boston Consulting Group, Deloitte India, Deloitte USI, Everest Group, Eversana, EY, GEP Consulting, KPMG, McKinsey & Co, Optum (UHG), PwC India, PwC US, Redseer Consulting which recruited 25% of the batch.
Sales & Marketing domain saw a boom in the FMCG recruiters. It witnessed an overwhelming number of new and existing companies including but not limited to AB InBev, Asian Paints, Atomberg Technologies, Coca-Cola, Dabur, Dr. Reddy’s Lab, Everest Industries, GSK Pharma, HUL, ITC, Johnson & Johnson, Larsen & Toubro, Marico, PepsiCo, Phable Care, Piramal, Procter & Gamble, Samsung, Xiaomi.
Recruiters for their coveted Finance roles included Barclays, Credit Suisse, DE Shaw, Deutsche Bank, Goldman Sachs, HSBC Bank, JP Morgan Chase & Co, Medtronics, SBI Capital, The Rohatyn Group, TresVista.
Companies offering IT & Data Analytics roles included American Express, Baker Hughes, Capgemini, General Electric, Google, Hexaware, Kotak Mahindra, Microsoft, Optum, Star Union Dai-Ichi Life Insurance, Walmart Labs and Wipro.
General Management offers were extended by big names like ACT Fibernet, Amazon, Capgemini Chrysalis, Capgemini Elite, Cipla, Cummins, Curefit, Hindustan Times, JSW Group, Larsen & Toubro, Mahindra, OfBusiness, Reliance, Salesforce, Tata Steel, Vodafone Intelligent Solutions.
Highlights of the Summer Placement Season for 2021-23 Batch:
Number of recruiters: 150+
Number of new recruiters: 30+
Stipend details for two months:
Average stipend with 11% increase: INR 2.0 Lakhs
Top 100 stipend with 5% increase: INR 3.10 Lakhs
Top 200 stipend with 5% increase: INR 2.75 Lakhs
Median stipend with 9% increase: INR 2.0 Lakhs
Highest stipend: INR 4.0 Lakhs