IIM Nagpur, IIM Amritsar and IIM Sirmaur, the 3 of the 7 newest IIMs are bidding farewell to their very 1st PGP 2015-17 batch but there is now news whether they have concluded their final placements 2017. MBAUniverse.com has remained in touch with the newest IIMs but so far the final placement statistics is concerned, none of the newest IIMs have been able to share the same. There is no mention of final placement in the speech of Prof. L S Murty Director IIM Nagpur on the occasion of Convocation 2017 held on April 14, 2017.
The 3 prestigious IIMs decided to celebrate their maiden Annual Convocation 2017 for the 1st batch 2015-17 and are probably content with the summer placements offered to their 118 students. Now the fate of the 118 students would be hanging in air as they would be exploring the suitable placements on their own with their PGDM diplomas awarded by these IIMs.
No final Placement to the Small 1st batch? 2nd batch is larger
There are 53 students at IIM Nagpur in the 1st PGP 2015-17 batch and 45 students at IIM Amritsar while IIM Sirmaur has 20 students in its 1st PGP 2015-17 batch. The newest IIMs started functioning from the academic year 2015-17 and at present there are 2 batches studying in each of these IIMs, namely 2015-17 and 2016-18 and the next batch for 2017-19 is about to be offered admission in a few days.
Ironically, if the 1st batch despite its small size has remained without final placement and none of the 3 newest IIMs have been able to conclude their final placement 2017 till date, the obvious worry of the students studying in the 2nd PGP batch 2016-18, which has a larger size, is what would be their fate when the final placement 2018 is held. There are 7 newest IIMs and none of these 7 newest IIMs have been able to publish the final placement data on their site till now although they have increased their batch sizes tremendously.
Only 3 newest IIMs share Summer Placements
IIM Amritsar, IIM Nagpur, IIM Visakhapatnam are the only 3 among the 7 newest IIMs who have shared the summer placement data for the PGP 2016-18 batch. Other 4 IIMs namely IIM Bodhgaya, IIM Jammu, IIM Sambalpur and IIM Sirmaur are yet to share their summer placements for 2016-18 batch.
Highlights of Summer Placement 2016-18 batch
| Name of new IIM |
Batch size |
Average stipend |
Top recruiters |
|
IIM Amritsar |
104 |
Rs.49,680/- |
E&Y, ICICI Lombard, Maruti Suzuki, Toyota, SBI, EXIM Bank, Adani, DHFL Pramerica, PayU, IFFCO, Tega |
|
IIM Nagpur |
56 |
Rs.56,900/- |
ICICI Lombard, IDBI Federal, Yes Bank, BPCL, Choice India, Calderys |
|
IIM Visakhapatnam |
48 |
Claims all paid internships but stipend figures not released as a policy matter |
Vision Management Unit, Bosch India, Higher Education Department, Biocon, ePathshala, Furdo, ICICI Lombard, Sutherland Global Services |
4 IIMs without Summer Placements?
IIM Bodhgaya, IIM Jammu, IIM Sambalpur and IIM Sirmaur do not appear to have completed their summer placements 2017 till now and hence there is no Summer Placement report 2017 for the PGP 2016-18 batch on their respective sites.
The final placements are awaited at all the 7 newest IIMs to justify their very existence and probably a much deeper industry interaction is required by the newest IIMs to well organize their final placement process.
While these newest IIMs are increasing their batch sizes, the final placements remain a cause of worry among the students.
Convocation at IIMs: After final Placement – Convention reveals
Usually, IIMs celebrate the annual convocation after their final placements are over. If the students of these 3 IIMs do not get final placement offers even after completing their management course from an institute of such repute as an Indian Institute of Management, the brand IIM itself would be at stake in the Corporate world.
All the 3 IIMs are mentored by top IIMs of India. IIM Nagpur is mentored by IIM Ahmedabad, IIM Amritsar is mentored by IIM Kozhikode and IIM Sirmaur is mentored by IIM Lucknow.
Convocation 2017 in 3 IIMs
IIM Sirmaur: Celebrated Annual Convocation on April 8
IIM Sirmaur in Himachal Pradesh celebrated its 1st Annual Convocation on April 8. Hon’ble Chief Minister of Himachal Pradesh Shri Virbhadra Singh graced the Convocation ceremony as the Chief Guest and delivered the Convocation address.
IIM Nagpur: Celebrated Annual Convocation on April 14
IIM Nagpur has also celebrated its 1st Annual Convocation on April 14, 2017. Hon’ble Union Minister of Road Transport, Highways and Shipping, Government of India, Shri Nitin Gadkari graced the Convocation ceremony as the Chief Guest and delivered the Convocation Address. The diplomas were awarded to the passing out batch in the graduating ceremony.
C. P. Gurnani, (MD & CEO, Tech Mahindra) Chairman of the Board of Governors of IIM Nagpur delivered the welcome address. Prof. L S Murty, Director, IIM Nagpur motivated the students in their future endeavour and Prof. Ashish Nanda Director, IIM Ahmedabad delivered vote of thanks.
IIM Amritsar: Celebrates Annual Convocation on April 22
IIM Amritsar mentored by IIM Kozhikode will be celebrating its 1st Annual Convocation on April 22, 2017. Shri Bibek Debroy, Member Niti Aayog will be the Chief Guest on the occasion.
Admission Process begins shortly
The admission process at these newest IIMs is yet to begin. If eligible, you will receive an e-mail from the newest IIMs to confirm your interest for admission to it. If you confirm your interest in the said newest IIM, you will be considered to participate in the final admission round at the preferred IIMs. It is expected that with a CAT 2016 percentile of 80 to 90 you will get the call from the newest IIMs for final admission round 2017. The fee structure of newest IIMs is between Rs.10 lakhs to 10.5 lakhs for the full 2 years PGP course.
7 Newest IIMs have top mentor IIMs
Following are the 7 newest IIMs located in different states and mentored by top IIMs in the country-
IIM Amritsar – Punjab: Mentor IIM – IIM Kozhikode
IIM Bodhgaya – Bihar: Mentor IIM – IIM Calcutta
IIM Jammu – Jammu & Kashmir: Mentor IIM – IIM Lucknow
IIM Sambalpur – Odisha: Mentor IIM – IIM Indore
IIM Sirmaur – Himachal Pradesh: Mentor IIM – IIM Lucknow
IIM Visakhapatnam – Andhra Pradesh: Mentor IIM – IIM Bangalore
All these newest IIMs, except IIM Jammu started functioning with the launch of their 1st PGP batch 2015-17 with a sanctioned intake of 60 students. IIM Jammu however began operation in the academic year 2016-17. After, Hon’ble Minister of HRD, Government of India, Shri Prakash Javadekar emphasized upon increasing the batch size in IIMs, the newest IIMs have also fallen in line and have increased their batch size. It is yet to be seen whether they are able to get the students in accordance with their enhanced intake.
Stay tuned to MBAUniverse.com for more updates on newest IIMs admission and placement 2017
