IIM Indore Placement 2020: Records 23.5% Rise in Highest Salary – Up at Rs.50 LPA; Average Salary up at Rs.22.92 LPA

MBAUniverse.com News Desk |
March 6, 2020
The Triple Crowned IIM Indore has recorded a sharp increase of 23.5% in highest domestic placement package in 2020 which is up at Rs.50 LPA from Rs.40.5 LPA last year while average salary for the large batch of 578 students has gone up to Rs.22.92 LPA from Rs.20.79 LPA last year. Wrapping up the final placement for PGP 2018-20 batch and 5 year IPM batch, IIM Indore has secured 100% placement yet again.
IIM Indore placement 2020

Indian Institute of Management, Indore has achieved a sharp increase of 23.5% in highest domestic placement package in 2020 which has gone up at Rs.50 LPA from Rs.40.5 LPA last year. The average salary has also recorded sharp hike and has gone up to Rs.22.92 LPA from Rs.20.79 LPA last year. The batch also saw candidates get two international offers this year.

IIM Indore has completed the campus placements of Post Graduate Programme (PGP) 2018-20 and the 5 Year Integrated Programme in Management (IPM) batch, securing 100% placements for its largest outgoing batch of 578 students.

Affirming their faith in IIM Indore, 160 recruiters participated in IIM Indore Placement process in 2020. As compared to last year, the large batch of students received higher salary packages and coveted roles. More offers from more recruiters with higher packages remained the key attractions in IIM Indore placement 2020.  

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Placement 2020 Highlights

  • Highest Domestic Salary goes up at Rs.50 LPA from Rs.40.5 LPA last year
  • Average Salary goes up at Rs.22.92 LPA in 2020 from Rs.20.79 LPA last year
  • Median Salary goes up to Rs.22 LPA in 2020 from Rs.19.4 LPA last year
  • 160 Recruiters participated in Placement 2020
  • 45 New Recruiters
  • Large Batch with 578 students
  • 44% female students in the batch
  • Consulting, Finance, Sales & Marketing recruit 68% batch

On the successful completion of 100% placement, Prof. Himanshu Rai, Director IIM Indore, said “We are delighted that once again the top companies of the country and the MNCs have reposed their faith in our students. The hard work put in by our students and the quality business education imparted by the Institute is reflected in these placement results. In the years to come, we will continue to strengthen our engagement with the industry and ensure that we continue to create socially conscious responsible leaders that help to make this world a better place.”

IIM Indore Placement Trends: Analysis of Last 3 Years
IIM Indore has surpassed the previous year’s performance, witnessing an average salary of Rs.22.92 LPA with 100% Placements. More than 160 recruiters, which include 45 first time recruiters, showed interest in hiring for several roles across multiple sectors for both the Post Graduate Programme as well as the 5-Year Integrated Programme in Management.

Finance, Consulting and Sales & Marketing remained the most preferred domains.

3 Years Placement Trends

Year
Average salary
Highest salary (Domestic)
Highest Salary (International)
2020
Rs.22.92 LPA
Rs.50 LPA
--
2019
Rs.20.79 LPA
Rs.40.50 lakhs
Rs.89.25 lakhs
2018
Rs.18.17 LPA
Rs.33.04 lakhs
Rs.63.45 lakhs

Top Recruiters
With its excellent pool of talent available with high business acumen, IIM Indore has been one of the preferred hiring destinations for top recruiters in the country.

More than 160 recruiters participated in the IIM Indore Placements 2019-20 including Accenture, Aditya Birla Group, Amazon, American Express, ArcelorMittal & Nippon Steel, Asian Paints, AstraZeneca, Axis Bank, Bain Capability Centre, Bajaj Auto, Bank of America, Barclays, Bridgestone, Boston Consulting Group, ByteDance, Capgemini ELITE and Chrysalis, Cipla, Credit Suisse, CRISIL, D E Shaw, Deloitte S&O, Deloitte USI, Deutsche Bank, Dolcera, Edelweiss, Everest Group, EY,  Fidelity Investments, Flipkart, GE, GMR Group, Godrej and Boyce, Goldman Sachs, Google, GroupM, GSK, HCL, HDFC, Hero MotoCorp, Himalaya Drug Company, Honeywell, HP, HSBC, HT Media, HUL, Icertis, ICICI, IDFC Bank, IIFL, Intel, Infosys Management Consulting, ITC, JP Morgan, Jubilant Foodworks, Kansai Nerolac, Kotak Bank, L&T, L’Oreal, MagicBricks, Mahindra Comviva, Maruti Suzuki, Marico, Max Life Insurance, Mindtree, Maersk, MakeMyTrip, Maveric Systems, Microland, More Retail, Nissan, Nomura, OfBusiness, Panasonic, PepsiCo, Philips, Power Financing Corporation, PwC India, PwC US, Raymond, RBL Bank, Rebel Foods, Royal Bank of Scotland, StateStreet, TAFE, Tata International, Tata Power, Tata Steel, Tech Mahindra, Tolaram, UB Group, UnitedHealth Group (Optum), UST Global, Vistara, Vodafone, Whirlpool, Willis Towers Watson, Wipro, WNS Global, Yellow Diamond, Yes Bank, Xiaomi, Zinnov among others

New Recruiters
More than 45 recruiters including AB InBev, Appdynamics, Cloudtail, FIITJEE, Flipkart, Intermiles, Kohler, Payoneer and Thomson Reuters hired from the campus for the first time for multiple roles.

Large Batch with Best Gender Diversity
IIM Indore has the largest batch strength across all IIMs. It also stands apart in terms of the diversity of the candidates. The gender diversity at IIM Indore is the best among all other comparable colleges at 44% of the batch being female candidates. All the female candidates got excellent offers in the top companies.

Domain Wise Placements
Consulting, Sales & Marketing and Finance were the most sought after domains among the many roles that were offered.

iim indore placements

BFSI
IIM Indore strengthened again its stronghold on the BFSI sector. It has witnessed a variety of roles ranging from Asset Management, Corporate Banking & Investment Banking to Equity Research and Risk Analytics being offered by recruiters like Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, DE Shaw, HSBC, StateStreet, Nomura and many others.

Consulting
The coveted Consulting domain saw participation from Boston Consulting Group, Deloitte S&O, Deloitte USI, EY, PwC India, PwC US and UnitedHealth Group among many other prominent recruiters.

Sales & Marketing
Major companies such as Aditya Birla Fashion and Retail, Asian Paints, Bajaj Auto, HUL, ITC, Kohler, L’Oreal, Panasonic Life solutions, PepsiCo, Pidilite Industries opened roles in the ‘Sales and Marketing’ domain.

Analytics & E-Commerce
Analytics and E-Commerce domains witnessed keen participation from major recruiters like Amazon, BrowserStack, Flipkart, Google, HUL, IndiaMART, Rebel Foods among others.

Leadership Roles
Leadership roles were offered by companies like, Aditya Birla Group, Amazon, ACT, Capgemini ELITE and Tech Mahindra.

Established in 1996, IIM Indore is the 6th in the family of Indian Institutes of Management. Since its inception, IIM Indore has been acting as a leader in the field of management education, interfacing with the industry, government sector and PSUs.

IIM Indore was ranked 5th in the NIRF rankings 2019, and was recently awarded the prestigious EQUIS Accreditation. After IIM Calcutta, IIM Indore has become the only B-school in India with the Triple Crown of International Accreditations awarded to it, namely– AACSB, AMBA & EQUIS.

Debuting in the FT Rankings, IIM Indore was awarded the 81st position and was also placed in the 101+ band in its maiden QS Ranking 2020. Industry response was extremely favorable, given the achievements of IIM Indore. Increased hiring was witnessed from both marquee recruiters and a large number of new recruiters offering roles in the final placements.

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

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