IIM Nagpur Placement 2018: Summer placement over with Rs.1.8 Lakhs highest stipend; 50 recruiters make offers

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MBAUniverse.com News Desk |
January 15, 2018
Summer Placement 2018 at IIM Nagpur got over for its third batch of students enrolled in its flagship Post Graduate Program in Management - PGP 2017-19 on January 3, 2018. More than 50 recruiters, including many first time participants, participated in the placement process
IIM Nagpur Placement 2018
“IIM Nagpur is deeply committed to contribute to the supply of high quality managerial resource to the industry besides creation of contextually relevant knowledge base” Prof. L S Murty, Director, IIM Nagpur

Summer Placement 2018 at IIM Nagpur got over for its third batch of students enrolled in its flagship Post Graduate Program in Management - PGP 2017-19 on January 3, 2018.

More than 50 recruiters, including many first time participants, from across sectors like FMCG, Analytics, IT Consulting, BFSI, Consumer Durables, Logistics, Media and Broadcasting, participated in the IIM Nagpur summer placement 2018.

IIM Nagpur completed the entire summer placement process three months ahead of the conclusion of its first year academic calendar.

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Sharing his vision and pleasure on successful completion of Summer Placement, Prof. L S Murty, Director, IIM Nagpur, who took charge of IIM Nagpur in March 2017 said, “We intend to make management education contemporary again, in line with the requirements of today’s industry. The vicissitudes of the innovation economy are making traditional management thinking obsolete at a rapid pace.”

Adding further, he says, “IIM Nagpur is deeply committed to contribute to the supply of high quality managerial resource to the industry besides creation of contextually relevant knowledge base. This is a constant journey.  And our endeavor is to constantly review and reinvent our curricula, pedagogies, resources that delivers higher value to the society.  We welcome the corporate world to take part and help us in our journey. It is at the confluence of leading management thought and practice that great ideas can be generated and great management talent nurtured.”

Key Placement trends
The highest stipend on offer was Rs.1.8 lacs, and the average was Rs.60,176. Further, the average stipend offered for the top quartile of the batch was Rs.1.3 lacs, and the median stipend for the same group was Rs.1.5 lacs.

25% increase in Median stipend
The median stipend in IIM Nagpur summer placement 2018 has increased by 25% percent as compared to last year. Marketing, consulting, and analytics, were the most sought after roles, closely followed by finance, and operations, among students.

25% increase in number of recruiters
The number of companies expressing interest in offering summer internships to IIM Nagpur students increased by 25 percent as compared to the previous year’s figures.

Key recruiters
Prominent recruiters at IIM Nagpur Placement included VLCC, GroupM, Yes Bank, ICICI Lombard, BPCL, TATA Power, Blue Star, Sutherland Global, Capacloud, TVS, Mahindra Logistics, Gati, and Reliance Jio Studios, among many others.

This year IIM Nagpur witnessed enthusiastic participation from the social sector as well. Notably, Tata Trusts and Teach for India participated in the recruitment process. Further, Nagpur being the logistics hub of the country, many logistics companies expressed keen interest in fostering strong long-term relationships with IIM Nagpur.

BFSI, followed by Logistics and FMCG recruited more than 30 percent of the batch. This year IIM Nagpur also witnessed enthusiastic participation from senior executives of companies like Fractal Analytics, HDFC AMC, TCS, JPMorgan Chase, HUL, Marico, Godrej, and Stellar Value Chain, among others, in the form of open seminars and guest lectures.

As part of its industry engagement activities, IIM Nagpur has already signed an MoU with one of its leading recruiters to develop case studies based on specific business challenges faced by the recruiter. The case study once published is expected to form an integral part of the core academic curriculum at IIM Nagpur. Many other recruiters have shown similar interest in actively contributing to the academic discourse at IIM Nagpur.

“The idea is to blur the boundary between academia and industry. We have a lot to learn from the industry and a lot to contribute to the industry at the same time; it is a partnership that can have a range of positive effects on contemporary management education.” said Prof. Rahul Kumar Sett, Chairperson, Career Development Services (CDS) at IIM Nagpur.

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

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