IIM Raipur Placement 2016 concludes: student grabs Rs.30 lakhs offer; highest so far among new IIMs

MBAUniverse.com News Desk |
March 21, 2016
IIM Raipur student has grabbed international package of Rs. 30 lakhs in placement 2016 crossing the bar of quarter crore
The placement season 2016 at IIM Raipur saw the highest domestic remuneration of INR 21.50 lakhs and an average package of INR 12.51 lakhs showing a rising trend in the job market

Crossing the bar of quarter-crore in Placement 2016, IIM Raipur student has grabbed international package of Rs. 30 lakhs in placement 2016. So far this is the highest package which has been offered to the student of any new IIM in placement 2016.

IIM Raipur has concluded its final placement 2016 on a high note with early completion of placements for the batch of 2014-16, fortifying its position as one of the most sought after business schools of the country.

The institute continues to ride high on its strong relationship with the corporate from India and abroad, with organizations from different sectors expressing interest in recruitment. The batch of 2014-16 consisted of students from diverse academic backgrounds and work experience with a batch size of 118 future leaders who have proved their mettle at every opportunity presented to them. A total of 115 recruiters showed interest in the final placement process this year. 13 PPOs/PPIs have been offered to IIM Raipur students which is a testimony to the exceptional performance of the students during their Summer Internships.

The high placement 2016 achieved, according to IIM Raipur is due to the fact “Our past recruiters, with whom we maintain a synergic relation continued to show faith, demonstrating the ascent of the brand of IIM Raipur.”  Some of the most prominent organizations with whom IIM Raipur has cherished long term association include Accenture, Berger Paints, Bharat Forge, Bharat Petroleum, Cognizant, CRISIL, Daimler, Deloitte, DS Group, Future Group, HDFC Bank, HT Media, ICICI Bank, Idea Cellular, Infosys BPO, JPMorgan Chase, JSPL, KPMG, L&T, Maruti Suzuki, SBI,Tata Steel and Wipro among others.

The major highlight of the placement season 2015-16 was the overwhelming response received from some of the first time recruiters. These include Aditya Birla Financial Services, Arcesium, Arvind Mills, Britannia, Carborundum Universal, Fidelity Investments, Google, Volvo Eicher Commercial Vehicles.

IIM Raipur has also witnessed strong association by collaborating with Global Corporates such as Apollo Conglomerate, Bakhresa Group and Kadence International which offered International profiles. GE, Bank of America Continuum Services and ANZ Bank are other leading MNCs that participated in the placement season 2016 at IIM Raipur.

 The Final Placement season at IIM Raipur witnessed strong performance in lateral placements this year. ICICI Bank, one of the long term recruiters, offered multiple profiles in Finance, Marketing and HR, while Adaequare, Cognizant, GHCL, iNautix and MAQ software participated in the lateral recruitment process this year and offered roles ranging from Leadership to Advisory Services, Business Development, Decision Science, Project Management and Business Strategy.

Key Trends in placement 2016
IIM Raipur has a consistent record of excellent placement. The batch size of the 2 year post graduate programme in management 2014-16 at this highly ranked B school is 118 students out of which 116 were eligible for placement. 5 students opted out of the placement 2016 process. All the 111 students who participated in placement got suitable offers.

Average  and highest compensation 2016
Beating the slowdown in placement offers, the placement season 2016 at IIM Raipur saw the highest domestic remuneration of INR 21.50 lakhs and an average package of INR 12.51 lakhs showing a rising trend in the job market.

While the top 20 percentilers got an average annual compensation of Rs. 16.07 lakhs, the average salary for top 50 percentiles was Rs.14.92 lakhs.

IIM Raipur goes Global
This year placement season at IIM Raipur has been particularly exciting with international placements and the increasing diversity of profiles offered, showing enthusiastic participation from various spheres of industry. IIM Raipur student got international package offer equivalent to Rs. 30 lakhs in placement 2016.

Global Corporates such as Apollo Conglomerate, Bakhresa Group and Kadence International offered International profiles.

Number of recruiters
Number of recruiters who showed interest in placement 2016 at IIM Raipur were 126. The number of companies who conducted recruitment process at IIM Raipur was 70. The students also secured 13 Pre Placement Offers.

Diverse profiles in domains
The students had an opportunity to choose from a gamut of diverse profiles from various domains. Marketing & Sales domain emerged as the biggest recruiters with about 30% of the students bagging exciting opportunities in some of the most prestigious organizations. BFSI followed the lead with 26% of the offer being made in this sector. Consulting and Operations & General Management closely followed suit with 13% of offers being made in each of the sector.

Finance being one of the most promising domains, witnessed 26% of the batch receiving niche offers. Prominent recruiters who participated this year in this domain include ANZ Bank, Arsecium, Fidelity, GE, ICICI Bank, JP Morgan Chase, RBL Bank, Thomson Reuters.

Operations & General Management
Operations domain saw a good number of offers this year by prominent organizations in the industry. TATA Steel offered its sought after Supply Chain Management profile and Carborundum Universal recruited for its coveted Project Management profile. One of the leading automotive manufacturers Volvo Eicher recruited for the first time and offered operations management role. Students’ prior work experience in diverse functional domains attracted several major firms offering leadership and strategy roles. Organizations such as DS Group, GHCL, JSPL, L&T, Safe-Express and SBI recruited for their General Management, Logistics and Leadership profiles.

Sales and Marketing
30% of the batch opted for roles from this domain with highest package offered by one of the first time recruiters, Google- offering roles in Campaign management. Other prominent organizations in this domain include Amuse Labs, Astrum, Berger Paints, Britannia, Decathlon, Happy2refer, HT Media, Hero MotoCorp, ICICI Prudential, Idea Cellular, Maruti Suzuki India Ltd, Metro Cash & Carry, Muthoot Group, RetailOn, Tata Steel.

A few of IIM Raipur students have also received opportunities to head new product developments in prominent organizations.

Organizations like Accenture, Backspace LLP, Cognizant Business Consulting, Consult Lane, Deloitte, KPMG, etc. are some of the recruiters in this domain. A good mix of Freshers and Experienced students opted for roles in Consulting offered by these organizations.

IT & Analytics
The sharp business analytics acumen of IIM Raipur students attracted a large number of recruiters in this domain. Accenture, Adaequare, Cognizant, Google, iNautix, Infiniti Research, Infosys BPO, MAQ Software, Thrymr Software, Virtusa and Wipro were the organizations on campus this year.

Human Resources
The Human Resources domain at IIM Raipur have been gaining prominence over the years and witnessed interests from prominent organizations which includes Carborundum Universal, ICICI Bank, Muthoot Group, RBL Bank, Thrymr Software among others.

Sectoral placement
IT/ITES sector emerged as the biggest sector with 35% of the students grabbing exciting opportunities in the most prominent organisations. BFSI sector followed the lead with 29% of the offers being made to the students. Consulting and Manufacturing followed the suit with 14% and 10% each.

Indian Institute of Management  Raipur is headed by Director Dr. B. S. Sahay. IIM Raipur was set up by the Government of India, Ministry of Human Resource Development in 2010 at Raipur, the capital of Chhattisgarh. Chhattisgarh is one of the fastest growing states of India with its rich mineral, forest, natural and local resources.

Presently IIM Raipur operates from the Government Engineering College Campus, Raipur. The Government of Chhattisgarh has allotted over 200 acres of land for the proposed IIM Raipur campus in Naya Raipur. The proposed campus will be a state-of-the-art campus presenting a blissful mix of modern architecture, culture & heritage of Chhattisgarh.

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