Higher demand from banking, financial services and insurance sectors and consulting firms at IIM Indore Placement 2016
IIM Indore Placement 2016 was announced by IIM-Indore (Indian Institute of Management-Indore) for the 2016 batch which indicated an overall average cost to company (CTC) rising up by 10% as compared to last year.
The placement concluded with 162 recruiters including 53 first time recruiters extending offers to 617 participants, the largest across all IIMs. The batch included 447 PGP Indore, 64 PGP Indore-Mumbai campus participants along with 106 participants from the first batch of 5 year Integrated Programme in Management (IPM).
The highest domestic package offered is Rs 32 lakh, a slight drop of 8.5 per cent (Rs 35 lakh) from the previous year. Similarly, while the highest international package of 2015 was Rs 43.6 lakh, this year it stood at Rs 30 lakh. The average salary of the batch stood at Rs. 11.96 lakh per annum, including international offers.
The fresh grads from the first batch of IPM participated, bagged offers from top notch recruiters namely, Credit Suisse, Deloitte, Nomura, JP Morgan, HDFC, IndusInd Bank, IBM, ICRA Management Consulting, Tata Sky, UAE Exchange among others.
Finance emerged as a leading sector with 150 offers from the sterling companies namely, American Express, Axis Bank, Bank of America, Edelweiss, Fidelity Investments, Goldman Sachs, HDFC Bank ,IndusInd Bank, Kotak Mahindra Bank, Nomura, SBI Bank and UAE Exchange, including 60+ offers rolled out by Credit Suisse, Deutsche Bank, ICICI Bank, JPMorgan, Nomura and RBS put together.