Final Placements '08: IIM Indore attracts top firms; salary up by 20%

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MBAUniverse.com News Desk |
August 3, 2016
Fast emerging premiere B-School, IIM Indore has made yet another mark by completing the Placement Process 2008 in great style.

 With over 95 companies registering for the process making 367 offers to 173 students. The average salary of accepted offers stood at INR 13.07 Lacs per annum. The mean domestic salary has increased by more than 20% as compared to that of the previous year. What's more, the top 50 offers have an average of nearly INR 18 Lacs per annum with offers spanning diverse sectors and roles, informs IIM-I. 

The placement season saw a big leap in the number of participating companies. Procter & Gamble and Edelweiss recruited during final placements from IIM Indore for the first time. The impressive list of other first time recruiters included the likes of Barclays Bank Plc, Tesco Plc, Arthur D. Little, Americorp Capital and OCBC Bank Singapore. 

Regular recruiters such as McKinsey & Co., Deutsche Bank, Macquarie Bank, Accenture Business Consulting, Lehman Brothers, Colgate Palmolive continued to strengthen their relationship with IIM Indore. 

The phenomenal growth story of placements at IIM Indore in terms of the quality of profiles offered as well as compensation has continued unhindered against a backdrop of an increase in batch size from 115 students of the Batch of 2007 to the current outgoing batch of 173.  

Earlier, a third of the Batch of 2008 was rewarded with plush PPO/PPI s based on their excellent on-the-job performance in their summer internship projects. Macquarie Bank, Hindustan Unilever, Lehman Brothers, Colgate Palmolive, Kotak Mahindra, Standard Chartered, American Express and Asian Paints are some of the companies that showed keen interest and made lucrative offers in terms of coveted profiles and matching compensation to their summer interns from IIM Indore. 

The Lateral process for the Batch of 2008 commenced on 28th December 2007 and continued until February 8, 2008. Recruiters like Barclays Bank, Lehman Brothers, Standard Chartered Bank, Headstrong, Capgemini and PricewaterhouseCoopers flocked the campus. 

"The immense confidence displayed in the lateral candidates at IIM Indore can be ascertained by the kind of roles offered. While one candidate with an experience of a year in advisory services was offered a higher than entry level niche profile with a leading MNC Bank, another candidate with five years of IT experience received the highest lateral offer of INR 26 Lacs per annum for an associate role with a Global Investment Bank," informs IIM-I.  

When it came to Final Placements, the Batch of 2008 was very focused in their approach towards the final placement process and applied to individual select set of coveted profiles as per areas of interests. A few participants also dared to turn down offers with higher compensation for niche roles carved to their expectations. The current batch was completely placed as per roles of their choice much before the scheduled close of the final placement. 

While attractive offers poured across domains such as Banking & Financial Services, Marketing, General Management, and Information Technology – the Banking and Financial Services being a hot favorite of the batch of 2008, clearly stole the show accounting for nearly half the accepted offers. Marketing and consulting profiles were the next most sought after. While 27 candidates found their dream roles in the General Management profiles with group companies, a few candidates eagerly accepted challenging profiles in Information Technology. 

The marketing offers on the campus included a wide range of profiles like Branding, Key Account Management, Business Development and FMCG Sales & Marketing. The average salary of Marketing offers stood at an astonishing INR 12 Lacs per annum – which has been the highest ever at IIM Indore. 

Consulting firms like McKinsey & Co., Deloitte, Accenture Business Consulting, Hewitt Associates, Knight Frank, Bristlecone and Capgemini offered consulting profiles in various domains like Strategy, Human Resources, Real estate & Infrastructure, Supply Chain and Information Technology. 

"Getting a job offer from McKinsey has been a dream come true for me. This was possible largely because of the Case based pedagogy followed at IIM Indore that helped me hone my problem solving skills," said a student of the Batch of 2008.  

The Banking & Financial Sector has continued to dominate the placement scene at IIM Indore with an average salary of INR 14 Lacs per annum this season. In continuation with the existing trend over the last few years, most first time recruiters offered diverse profiles in the Banking & Financial sector. 

IIM Indore witnessed a splurge of offers in sunrise sectors such as Retail, Real Estate & Infrastructure and Media. Media companies such as NDTV, HT Media, Times Group, Sony Entertainment and Big 92.7 were keen to take IIM Indore students for important profiles in strategy and corporate planning. Major Retail players such as Tesco, Reliance Retail, Raymond and Bharti made exciting offers in the Retail space. Companies participating on the Real Estate & Infrastructure front included the likes of K Raheja Group, Knight Frank, Reliance ADAG, DLF and Emaar MGF.

Besides domestic recruiters, a number of international firms showed interest in the students of IIM Indore like Tesco Plc, Macquarie Bank, Olam International, Arthur D. Little and OCBC Bank Singapore. Foreign profiles were offered across the globe in locations like London, Sydney, Singapore and US. IIM Indore bagged 9 international offers with the highest international salary pegged at USD 85000. 

Over 30 new firms participated in the placement process at IIM Indore this year.  

The Batch of 2008 also saw two students taking the road less traveled of initiating a business venture of their own, as part time to start with. They have founded www.ourownbook.com - an innovative website that provides visitors a chance to participate in a collaborative book writing project, and get recognized as co-authors of the final book published. 

Happy with the talent pool at IIM-I, a Procter & Gamble official said, "We are very satisfied with the arrangement for the recruitment process at IIM Indore. We hope to strengthen this relationship in future. Keep up the good work!"