IIM Sambalpur records 100% summer placement; 48 students get 69 offers in maiden PGP batch

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MBAUniverse.com News Desk |
April 20, 2016
Summer Placement season for the first PGP 2015-17 batch of IIM Sambalpur was 100% with 69 offers made by 34 companies to all 48 students.
Average stipend for the entire Batch for 2 months was Rs. 24,896 while the Average Stipend for top 25 percentile of students was Rs. 70,000 and for top 50 percentile of students was Rs. 46,364

The very first PGP batch 2015-17 comprising 48 students at IIM Sambalpur has secured 100% summer placement with 69 offers from 34 recruiters. IIM Sambalpur is the 3rd of the 6 newest IIMs who have reporting completion of summer placement 2016 after IIM Vizsakhapatnam and IIM Amritsar. Rest 3 IIMs are yet to conclude their summer placement.

Sharing the information IIM Sambalpur says ‘Indian Institute of Management Sambalpur is proud to announce the successful completion of Summer Placements for the batch of 2015-17 comprising 48 students (39 male, 9 Female)’.

69 offers from 34 companies
The first diverse PGP 2015-17 batch at IIM Sambalpur has an average work experience of 19.5 months. The batch received a total of 69 offers from 34 companies from various sectors offering projects in BFSI, Consultancy, E-commerce, Finance, Automobile, Logistics and postal services, Hotel & Tourism amongst others.

Roles offered to students were from domains such as Consulting, BFSI, Operations, Marketing, Marketing research, HR, General Management, Sales, Business development.

BFSI: Maximum offers
Top segments based on roles offered were from BFSI (31%) , Marketing(15%), Marketing Research(15%) and Finance(11%).

Top 25 get Rs.70000 average
The Average stipend for the entire Batch for 2 months was Rs. 24,896 while the Average Stipend for top 25 percentile of students was Rs. 70,000 and for top 50 percentile of students was Rs. 46,364.

21 students with 2 offers
69 offers were made to 48 students. Making of more than required offers resulted in 21 students getting 2 offers. It is remarkable to note that IIM Sambalpur touched the milestone of 100% summer placements in its maiden placement season itself.

Top recruiters
The companies who offered internship roles to IIM Sambalpur students are Exim Bank , IDBI BANK, State Bank of India, Bank of India , Hero Group, JK Tyre, thyssenkrupp, Indiabulls, ShopClues, India Posts, Indian Oil Corporation Ltd. , National Aluminium Company Limited (NALCO), Power Finance Corporation, UpGrad, Milk Mantra, Philips India, Pokarna Granites, Sheela Foam Pvt Ltd-Sleepwell , Way2Wealth Brokers Pvt. Ltd.,WheelStreet, Housing and Urban Development Department(HUDD) - Govt. of Odisha, Niraamaya, Seven Hexagons Business Consultants among others.

More candidates inclined to IIM Sambalpur
The successful summer placement at IIM Sambalpur has cleared the fog whether the first batch students in newest 6 IIMs would be accepted by industry. IIM Sambalpur is the third among the 6 new IIMs that started operation in 2015 to achieve the summer placement for the entire first batch. The conclusion of summer placement at IIM Sambalpur for its maiden batch has raised hope among the 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.

Establishement 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 is 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.

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