IIM Indore Placement 2021: Average Salary Up at Rs.23.60 LPA; Finance Top Recruiting Domain, 210 Companies Make Offers in Virtually held Process

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MBAUniverse.com News Desk |
March 9, 2021
Beating the Covid pandemic situation, the Triple Crowned IIM Indore has completed final placement 2021 recording highest average salary in the virtually held placement drive achieving yet again 100% placements. Average salary has gone up at Rs.23.6 LPA in 2021 from Rs.22.92 LPA last year. 210 national and international companies hire in big numbers offering diverse roles. Finance emerged as the biggest recruiting domain with 24% share
IIM Indore placement 2021

Indian Institute of Management (IIM), Indore has successfully completed final placement 2021 for the MBA batch 2019-21 with a three percent rise in average salary despite Covid-19 pandemic. In the virtually held placement process, average domestic salary was recorded as 23.6 LPA (Lakhs Per Annum), displaying an increase of 3% from the previous year while the average salary of the top 100 students of the batch stood at 33 LPA. The highest domestic salary and the international salary offered in the placements 2021 at IIM Indore was INR 41.5 LPA and INR 56.8 LPA, respectively. The final placement drive at IIM Indore was conducted for the batch of 2019-21 for its flagship Post Graduate Programme (PGP) and five years Integrated Program in Management (IPM).

In spite of the Covid-19 pandemic, the recruiters showed continued faith in the Institute. More than 210 domestic and international organizations offered roles in various domains. Commenting on the successful completion of final placements 2021, Prof. Himanshu Rai, Director IIM Indore said, “We are delighted by the continued faith the recruiters have shown in our students. Placing the largest number of students across all IIMs for the Final placements during the ongoing pandemic was a challenging task but the commendable efforts in setting up the virtual placement drive ensured hassle-free completion of the placements.”  

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IIM Indore Placement 2021 Highlights

  • Placement Process 2021 was conducted Virtually
  • Achieves 100% Placement for the large batch despite Covid pandemic
  • Average Salary goes up at Rs.23.60 LPA in Placement 2021 from Rs.22.92 LPA last year
  • Average salary of the top 100 students of the batch stood at 33 LPA
  • Highest Domestic Salary stood at Rs. 41.50 LPA
  • Highest International salary in Placement 2021 stood at Rs.56.80 LPA
  • 210 Recruiters including 40 first time recruiters participated in Placement 2021
  • Consulting, Finance, Sales & Marketing recruit 69% of the batch

Affirming their faith in IIM Indore, more than 210 recruiters participated in IIM Indore Placement process in 2021 as compared to 160 last year. 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 2021.

IIM Indore Placement Trends: Analysis of Last 4 Years
IIM Indore has surpassed the previous year’s performance, witnessing an average salary of Rs.23.60 LPA with 100% Placements. More than 210 recruiters, which include 40 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.

4 Years Placement Trends                                            (Rs. in lakhs)

Year
Average salary
Highest salary (Domestic)
Highest Salary (International)
2021
Rs.23.60 LPA
Rs.41.50 LPA
Rs.56.80 LPA
2020
Rs.22.92 LPA
Rs.50 LPA
--
2019
Rs.20.79 LPA
Rs.40.50 LPA
Rs.89.25 LPA
2018
Rs.18.17 LPA
Rs.33.04 LPA
Rs.63.45 LPA

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 210 recruiters participated in the IIM Indore Placements 2021. Some of the top recruiters include Bank of America, DE Shaw, Deutsche Bank, Goldman Sachs, HDFC Bank, ICICI, JP Morgan Chase & Co., Kotak Mahindra Bank, Morgan Stanley, StateStreet, Blue Star,NPCI, Paytm, PhonePe, TATA AIA, AB InBev, Asian Paints, Enphase Energy, Hindustan Unilever Limited, ITC, L’Oreal, Marico, Amazon, Country Delight, Indiamart, Udaan, V2 Retail,  Bain Capability Network, Boston Consulting Group, Deloitte, Ernst & Young, Everest Group, GEP Consulting, Infosys Management Consulting, McKinsey & Company, PricewaterhouseCoopers, Cognizant Business Consulting, Merilytics, MXV Consulting, Optum, Bridgestone, Capgemini, Hero MotoCorp, L&T, JSW, Tech Mahindra,  Whirlpool, American Express, Genpact, Salesforce, Wipro, Yes Bank among others

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 more than 40% of the batch comprising 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. Apart from marquee recruiters, 40+ eminent first-time recruiters like Blue Star, NPCI, Paytm, PhonePe, TATA AIA participated in IIM Indore placement 2021 and offered multiple roles.

iim indore

 

Finance: 24% Offers from top recruiters
Finance comprised 24% of the total placement offers at IIM Indore. A wide variety of roles ranging from investment banking and corporate banking to private equity and equity research were offered by top recruiters in the finance domain such as Bank of America, DE Shaw, Deutsche Bank, Goldman Sachs, HDFC Bank, ICICI, JP Morgan Chase & Co., Kotak Mahindra Bank, Morgan Stanley and StateStreet.

Sales & Marketing: 23% Offers from top recruiters
Sales & Marketing was also most sought-after domain this year. Companies like AB InBev, Asian Paints, Enphase Energy, Hindustan Unilever Limited, ITC, L’Oreal and Marico made multiple offers to the candidates.

With the e-commerce sector becoming the trending career destinations for students, companies like Amazon, Country Delight, Indiamart, Udaan, V2 Retail offered multiple roles to the candidates.

Consulting: 22% Offers from top recruiters
IIM Indore hosted coveted recruiters from the consulting domain including Bain Capability Network, Boston Consulting Group, Deloitte, Ernst & Young, Everest Group, GEP Consulting, Infosys Management Consulting, McKinsey & Company and PricewaterhouseCoopers in management consulting and strategy consulting roles. Recruiters such as Cognizant Business Consulting, Merilytics, MXV Consulting and Optum offered IT & technology consulting roles.

General Management & Operations: 20% Offers from top recruiters
General Management and Operations roles were offered by Bridgestone, Capgemini, Hero MotoCorp, L&T, JSW, Tech Mahindra and Whirlpool.

IT/Analytics: 11% Offers from top recruiters
Top recruiters like American Express, Genpact, Salesforce, Wipro and Yes Bank offered roles in IT/Analytics and Product Management roles.

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 is the second business school in India to have achieved the Triple Crown consisting of the AACSB, AMBA & EQUIS accreditations. Ranked 7th in the NIRF rankings and 4th in India in QS rankings, IIM Indore became the fourth IIM and fifth Indian business school to be included in the top 100 list on the FT Global MBA Ranking 2021. In the recently released MBAUniverse.com Ranking 2021, IIM Indore has occupied 7th position.

In placement 2021, 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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