The average stipend for the batch of 2017 stood at Rs. 91,000 for 8 weeks; An increase of 28% over the last year
Indian Institute of Management (IIM) Indore, boasting of its biggest batch across IIMs with 562 PGP and IPM participants, has wrapped up summer placements for the batch of 2017.
The average stipend for the batch stood at Rs91,000 for 8 weeks, an increase of 28% over the last year. Marquee recruiters Asian Paints, Kellogg's, Mapro Foods and Microsoft returned to the campus along with Bharti AXA, EMC Corporation, Sarda Group and Xerox India visiting for the first time. The highlight of this year was a significant spurt in the number of roles and offers by each company.
The highest stipend was Rs3 lakh (for 8 weeks), offered by The Boston Consulting Group and a leading private equity firm. BCG, Cognizant Business Consulting, Deloitte S&O, RedSeer Consulting, TCS were some of the prominent recruiters in the Consulting domain.
BFSI domain witnessed offers from investment banks like Deutsche Bank, Edelweiss, Goldman Sachs, J P Morgan, whose combined offer count was more than 40. American Express, Arcesium, Axis Bank, CRISIL, Fidelity Investments, HSBC, ICICI Bank were the other big names. The above firms offered diverse roles ranging from Investment Banking, Equity Research, Credit Analysis, Retail Banking and Risk Management. Investment Associate role was offered by a Private Equity company.
Sales and Marketing remained one of the most preferred domains among the participants with big brands like Asian Paints, Britannia, Dabur, HUL, ITC, Kellogg's, L'Oreal, Marico, PepsiCo, Philips, Pidilite, Raymond, Tata Steel, Tolaram Group, Vodafone expressing their faith in the marketing talent at IIM Indore. Other prominent recruitment partners include Genpact, GSK Pharma, HT Media and Multi Screen Media.
Aditya Birla Group, Airtel, JSPL, L&T, Mahindra & Mahindra, Reliance Industries Limited, Robert Bosch offered General Management roles. Operations domain was strengthened by significant increase in offers from Adani Wilmar, Cummins India, Maersk, Philips and Vodafone.