Giving a boost to Make in India campaign, the placement season 2015 at IIM Udaipur, one of the six new IIMs, was marked with grand success with 100% placement. 25% of the total job offers came from the Manufacturing, Engineering and Energy followed by 24% from IT and 21% from BFSI sector. The industry reinstated its faith in the institute as past recruiters along with new recruiters took part in the placement process 2015.
Sharing the unaudited Placement 2015 report of IIM Udaipur for flagship PGP batch 2013-15, the b school has highlighted that 10% of the students were offered pre-placement job offers (PPO) and preplacement interview opportunities (PPI) based on their performance during the Summer Internship from the batch of total 110 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 2015.
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. These included leadership roles in the form of EA to CEO offered to students by ACG Pharma and India Pistons. The largest number of jobs were in Sales and Marketing with 42% of the batch opting for a career in these functions. 48 recruiters extended offers to students at IIM Udaipur.
International offers were made by Xpress Money and ASC Thailand in strategy and business development roles
IIMU: Key Trends in placement 2015
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 110 students for the class 2013-15. Out of the 110 students 104 students registered and participated in the Placement 2015. All the 104 students registered for final placements got more offers per candidate.
3 students opted out
Out of 110 students 3 opted out of the placement 2015 process. According to IIM Udaipur ‘3 students opted out of the placement process to pursue their own ventures. To support the students in these endeavors, they will be provided with a 2 year placement holiday and financial support in form of a monthly stipend by IIM Udaipur ‘
Average compensation 2015 brings new hope
Beating the slowdown in placement offers and bringing new ray of hope for better future, the placement season 2015 at IIM Udaipur saw an average salary of Rs.10.28 lakhs per annum showing a rising trend in the job market.
While the top 25 stood at an average annual compensation of Rs. 13.62 lakhs, the average salary for top 50 percentilers was Rs. 12.20 lakhs.
Rise in Number of recruiters
IIM Udaipur witnessed 48 recruiters making more offers per candidate in placement 2015. 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 Accenture; Aranca; Bajaj Auto; Cognizant Technology Solutions; GE; Genpact; ICICI Bank; Mindtree; Mother Dairy; Quikr; Snowman Logistics; Titan; Vedanta; Wipro; Yes Bank .
First time recruiters included ACG Pharma; Amul; Berger Paints; Bharat Forge; Cognizant Business Consulting; CRISIL; Cummins; Deloitte US; ExxonMobil; Fidelity Investments; Jindal Steel and Power; KPMG; MAQ Software; Meru Cabs; RBL Bank; Raychem RPG; United Breweries among the prominent names to make job offers to the students of IIM Udaipur.
Mfg, Engg & Energy: Major recruiting sector
Sector - Percentage in placement
Mfg, Engg & Energy - 25 %
Information Technology - 24%
BFSI - 21%
Consulting - 8%
E-commerce - 6%
Travel & Tourism - 4%
FMCG - 3%
Health care & Pharma - 3%
BPO - 3%
Logistics - 3%
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.
Stay tuned to MBAUniverse.com for more updates on IIM Udaipur