IIM Sambalpur Placement 2018: Highest Salary at Rs.60.74 Lakhs & Average Salary Rs.10.55 Lakhs; Raises Hope Among CAT 2018 aspirants

IIM Sambalpur Placement 2018
Wednesday, June 13 2018, 06:30 PM
The highest salary in Placement 2018 at IIM Sambalpur has gone as high as Rs. 60.74 lakhs while the average salary for the second PGPM batch has gone up to Rs.10.55 lakhs. The highest CTC offered to the IIM Sambalpur student of PGPM 2016-18 batch has left behind many older IIMs and other top MBA colleges in their top salary packages in placement 2018
“This only signifies the trust reposed by the recruiters on the unique IIM Sambalpur experience that combines the case study method supported by a team of high calibre faculty” Prof. Diptiranjan Mahapatra, Placement Chair, IIM Sambalpur

It’s time that CAT 2018 aspirants should get ready to explore admission opportunity in New IIMs also while targeting the older ones. The baby IIMs of last year have now learnt to run on faster placement path as is evident with the Placement 2018 statistics of IIM Sambalpur.

The highest salary in Placement 2018 at IIM Sambalpur has gone as high as Rs. 60.74 lakhs while the average salary for the second PGPM batch has gone up to Rs.10.55 lakhs.  The highest CTC offered to the IIM Sambalpur student of PGPM 2016-18 batch has left behind many older IIMs and other top MBA colleges in their top salary packages in placement 2018.

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IIM Sambalpur has concluded final Placement 2018 for its second PGPM 2016-18 batch recently. Forty-two students received a total of forty-three offers from twenty-seven companies. Two students opted out of Placement process to begin their entrepreneurial journeys. Dr Mahadeo Jaiswal, the Director of the Institute, congratulated all outgoing students. He especially commended the two young entrepreneurs who have taken full advantage of their management education at IIM Sambalpur by choosing to become job-creators as against conventional job-seekers.

First International Placement Offer
The placement 2018 at IIM Sambalpur marks the first international placement offer with a CTC of INR 60.74 LPA making it a significant achievement for an institution in its 3rd year of operation.

Key Placement Trends
IIM Sambalpur has recorded an Average Salary of INR 10.55 LPA with the top quartile of the batch bagging offers an average salary of INR 16.18 Lakhs.  Key Placement Trends are appended:

Placement 2018 components
Achievements
Highest Salary
Rs.60.74 Lakhs (International Placement
Average Salary for the Batch
Rs.10.55 Lakhs
Median Salary for the Batch
Rs.  9.00 Lakhs
Average Salary for top 25%ile
Rs.16.18 Lakhs
Average Salary for top 50%ile
Rs. 12.67 Lakhs
Total Batch Size
45 students
Students Opted out
  3 (2 Going for Entrepreneurship Ventures) 
Participating students in Placement 2018
42
Number of Recruiters
27
Number of Placement Offers made
43
Number of male Students
38
Number of Female Students
  7

Jubiliant on Placement Trends recorded in 2018, Prof. Diptiranjan Mahapatra, Placement Chair, IIM Sambalpur said, “It’s overwhelming to see the response, our students received, not just from the regular recruiters but also from new recruiters in Private Equity, IT consulting etc. This only signifies the trust reposed by the recruiters on the unique IIM Sambalpur experience that combines the case study method supported by a team of high calibre faculty, and a tight-knit learning environment with close ties to industry to develop complete leaders who are ready to make an impact.” 

Roles offered
IIM Sambalpur students were offered important roles by Recruiters. Some of the key roles offered are AGM Marketing, Consultant, Equity Research Analyst, Executive Assistant to CEO, MGT - Global Alliance, Management Associate, Relationship Manager, Sales Manager, Young Professional, Management Trainee, Management Trainee - Marketing & PR, Management Trainee - Sales Planning, Area Manager, Assistant Manager, Business Analyst, Business Development Consultant, Business Development Manager among others.

Sector wise Placements
BFSI sector recruited 18 students for diversified roles. The feat was followed by Consultancy recruiting 7 students followed by Information Technology with 4 students and Mining & Metal with 3 students. FMCG, E-Commerce, Analytics, and Automobile recruited 1 student each. Other sectors recruited 7 students.

Top Recruiting Domains
IIM Sambalpur students got recruited in following domains:

Domain name Placement Offers
Sales & Marketing 12
General Management & Operations   7
HR   6
Finance   6
Analyst   5
Strategy & Consulting   4
Others   3

Top Recruiters
The placement season saw 27 prominent recruiters from various industries making 43 offers to 42 students. The list includes past recruiters such as Tata Trusts, SBI, Infosys, Birla Sun Life, HDFC Bank, and new recruiters such as JSL, Vedanta, Motilal Oswal, Kia Motors, Deloitte, L & T Infotech among others.

The conclusion of final placement at IIM Sambalpur for its second batch has raised hope among the CAT 2018 aspirants and for those who were in a dilemma whether to join IIM Sambalpur compared to other old IIMs that they can now take a clear decision to join the IIM Sambalpur in Odisha.

Establishment of IIM Sambalpur located in the State of Odisha was announced by the Government of India in the Union Budget 2014 alongwith the 5 other IIMs. IIM Sambalpur commenced operation in 2015 with its first PGP batch comprising 49 students.

IIM Sambalpur operates from the temporary premises allotted to it at Silicon Institute of Technology, Sambalpur and will continue there till the 200 acre campus of IIM Sambalpur gets ready in next few years. The premises are equipped with hostel accommodation with spacious rooms and sufficient furniture. The hostel is in the vicinity of the first year classroom and in the premises of Silicon Institute of Technology, Sambalpur.

The students at IIM Sambalpur are getting the best learning experience and placement opportunities as IIM Indore is mentoring all activities at IIM Sambalpur till it moves to its permanent campus or IIM Sambalpur is able to handle these activities entirely on its own.

The faculty from IIM Indore is delivering courses at IIM Sambalpur during the mentorship period and till IIM Sambalpur own faculty are recruited.

The overall design, quality and delivery of PGP course is in accordance with the standards and with direct involvement of IIM Indore. Students at IIM Sambalpur have the opportunity to get learning from some of the best faculty members in the country today.

 Stay tuned to MBAUniverse.com for more updates on IIM Sambalpur