IIM Udaipur Placement 2016: Average salary up by 26%; BFSI & IT steal the show

The placement season 2016 at IIM Udaipur was marked with grand success with Domestic and international offers being made by 39 recruiters to 110 students of the Institute. 25% of the total job offers came from the BFSI, followed by 22% from IT sectors. The industry reinstated its faith in the institute as past recruiters along with new recruiters took part in the placement process 2016.

In terms of salary IIM Udaipur has witnessed spurt in the pay packages national as well international with average salary going up by 26% in placement 2016 as compared to placement 2015.

The class of PGP 2014-16 has 22% women students. Although there are 118 students in the batch, 8 students did not seek placement or are planning entrepreneurship ventures giving a boost to Make in India campaign or going back to join family business or are continuing education.

Sharing the unaudited Placement 2016 report for flagship PGP 2014-16 batch, IIM Udaipur has highlighted that 15% of the students were offered pre-placement job offers (PPO) and pre placement interview opportunities (PPI) based on their performance during the Summer Internship from the batch of total 118 students. The audited placement report with more detailed statistics would be shared by IIM Udaipur a few months after the release of unaudited placement report 2016.

The unique feature in the process was the diversity of profiles offered to the students which gave them a good choice in terms of industry and the role. The largest number of jobs were in Sales, Marketing and Business Development with 35% of the batch opting for a career in these functions.

International offers were made by FMCG giants Bakhresa group (Mozambique) and Al-Babtain group (Kuwait). While Bakhresa group (Mozambique) and GE offered Leadership role, Al-Babtain group (Kuwait) offered roles across Marketing and Sales vertical

IIMU: Key Placement Trends
IIM Udaipur despite being a newer IIM has a consistent record of excellent placement. The batch size of the 2 year post graduate programme in management at this highly ranked B school stands to 118 students for the class 2014-16. The batch comprises 22% women students and 84% students having average prior work experience of 24 months or so. 110 students participated in the Placement 2016.

The students who have opted out of the placement process to pursue their own ventures will get support from IIM Udaipur in these endeavors. IIM Udaipur provides support in form of a 2 year placement holiday and financial support.

Average compensation up by 26%
Bringing new ray of hope for better future, the placement season 2016 at IIM Udaipur saw an average salary of Rs. 12.91 lakhs, a 26% rise from the average salary of Rs.10.28 lakhs per annum offered in Placement 2015. Average domestic salary offered in placement 2016 was Rs. 12.12 lakhs while the highest Domestic offer was for Rs. 21.50 lakhs per annum

The average annual compensation for top 25 percentile stood at Rs.18.13 lakhs which is higher by Rs.4.5 lakhs as compared to Rs. 13.62 lakhs in for top 25 percentilers in 2015. The average salary for top 50 percentilers has also gone up to Rs.15.64 lakhs in placement 2016 from Rs.12.20 lakhs in 2015.

Number of recruiters
IIM Udaipur witnessed 39 recruiters making more offers per candidate in placement 2016.  Not only the past recruiters returned for placement at IIM Udaipur campus but a good Number of new recruiters also participated in placement 2015 at IIMU.

Past recruiters returning to IIMU campus include Amul, Bajaj Auto, Berger Paints, BPCL, Crisil , Cummins, Deloitte, Fidelity Investments GE, ICICI Bank, ICICI Prudential, Infosys BPO, KPMG, MAQ Software, Rategain , RBL Bank, Titan, Tolexo, Vedanta, Wipro and Yes Bank.

Prominent first time recruiters included Al-Babtain group[Kuwait], Bakhresa group[Mozambique], Droom, GirnarSoft, ICRA Management Consulting (IMaCS), JP Morgan Chase, MySmartPrice, Safexpress, Rays Experts, VKL Spices and Vodafone.

Major recruiting sectors
BFSI, IT, Consulting among others emerged as the prominent recruiting sectors in placement 2016 at IIM Udaipur. Sector wise placement 2016 at IIM Udaipur is shared below

Despite being one of the 6 new IIMs that were announced in 2009 and started functioning in 2010-11 IIM Udaipur has many achievements up its sleeve. Prof Janat Shah, Director IIM Udaipur  shares USPs of IIM Udaipur with the pedagogy and learning experience  at the B schools.  According to him “There are three aspects that are at the heart of teaching and delivery at IIMU: Immersion, Analytics and Entrepreneurship.”

The Industry Mentorship Programme provides access for all students to Industry mentors and graduates from distinguished institutions including alumni of IIM A, IIM B and IIM C. It helps in understanding actual job content and gives a realistic view of various work profiles Global Immersion has two aspects. The first one is International Business Program (IBP) which provides students an opportunity to undertake 2-3 weeks live projects in foreign offices of a multinational organisation. The program helps students to understand working in a multi-cultural environment. 50-60% of the batch exercises the option of undertaking IBP 

The other aspect is Student Exchange Program: Partner Universities include – Germany: European Business School, HHL Leipzig, FAU Germany; USA: Purdue University, Duke University; China: Tianjin University; France: Normandie Business School; Mexico: UDLA, Puebla Rural Immersion is a compulsory program where students spend 3-4 days in villages with the objective of understanding the ground realities of rural areas, their problems & challenges and assessing impact of work done by NGOs and Government bodies IIM Udaipur is the first IIM to have a trading lab functional in its first year of operation. It is a full-fledged Bloomberg Financial Markets Analysis Lab with 12 Terminals. There are very few such Labs in India.

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