IIM Indore Placement 2019: Highest Salary Rs.89.25 LPA; Average Salary up at Rs. 20.79 LPA; Records 100% Placement for Largest Batch

IIM Indore placement 2019
Thursday, March 14 2019, 06:10 PM
Yet again IIM Indore has recorded sharp increase in highest and average placement packages in the final placement 2019 for largest ever batch of 607 students. Wrapping up the final placement for PGP 2017-19 batch and 5 year IPM batch, the highest salary has gone up by 41% achieving Rs.89.25 LPA mark, while average salary has increased to Rs.20.79 lakhs in Placement 2019. More than 200 recruiters rolled out offers to the IIM Indore students

Breaking all its past records, IIM Indore has achieved the highest salary of Rs.89.25 lakhs in Placement 2019, witnessing an increase of 41% over the previous year.  The highest domestic offer in IIM Indore Placement 2019 has also increased by 23% to INR 40.5 LPA.  The average salary for the top 50 offers stood at INR 30.04 LPA and at INR 28.47 LPA for the top 100. Average salary for the batch has also shot up at Rs.20.79 lakhs while the median salary for the graduating batch rose significantly to INR 19.4 LPA.

Affirming their faith in IIM Indore, 200 recruiters participated in IIM Indore Placement process in 2019. The final Placement 2019 season for PGP 2017-19 batch and 5 year IPM batch at IIM Indore has concluded by achieving 100% placements. As compared to last year, the large batch of 607 students have received higher salary packages and coveted roles offered by 200 recruiters. More offers from more recruiters with higher packages remained the key attractions in IIM Indore placement 2019.

Placement 2019 Highlights

  • Highest Salary goes up at Rs.89.25 LPA
  • Highest Domestic Salary goes up at Rs.40.5 LPA
  • Average Salary goes up at Rs.20.79 LPA
  • Number of Recruiters are 200
  • Consulting, Finance recruit 53% batch
  • Average salary for 5 Year IPM batch is Rs.17.01 LPA

Key Placement Trends: Analysis of Last 3 Years
IIM Indore has surpassed the previous year’s performance, witnessing on an average, INR 20.79 LPA being offered to the students with 100% Placements. More than 200 recruiters, which include 57 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 The average CTC offered to the IPM students rose to INR 17.01 LPA.

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3 Years Placement Trends

Year
Average salary
Highest salary (Domestic)
Highest Salary (International)
2019
Rs.20.79 lakhs
Rs.40.50 lakhs
Rs.89.25 lakhs
2018
Rs.18.17 lakhs
Rs.33.04 lakhs
Rs.63.45 lakhs
2017
Rs.16.23 lakhs
Rs.37 lakhs
Rs.39.00 lakhs

IPM Average Salary: Rs.17.01 LPA  15.16 lakhs
The average CTC for the IPM batch has increased to Rs.17.01 lakhs from Rs.15.16 lakhs in last year. Last 3 years Placement trends for 5 year Integrated Programme in Management are as below:

IPM Placement Year
Average Salary
2019
17.01 lakhs
2018
15.16 lakhs
2017
12.52 lakhs

Consulting: Top domain with 27% offers
The Consulting domain continued to see extensive participation from Consulting stalwarts with 27% of the batch opting for consulting and strategy roles.

Major recruiters in Consulting domain include Avalon Consulting, Bain Capability Centre, Boston Consulting Group, Cognizant Business Consulting, Deloitte USI, Ernst & Young, Everest Group, i3 Consulting, Government of Andhra Pradesh, Infosys Management Consulting, IQVIA, PwC India, PwC US Management Consulting, SKP Consulting, Synergy Consulting, Thoucentric Consulting, UnitedHealth Group and Vector Consulting. McKinsey opened up consulting roles in IIM Indore after a brief hiatus.

Finance: 26% offers
IIM Indore maintained its position as one of the preferred recruitment destinations for the Finance domain. With 26% of the batch opting for Finance roles and participation of multiple Investment Banks, Private Equity and Venture Capital firms offering highly coveted front end roles, IIM Indore has emerged as one of the top destinations for finance recruitment in the country.

Major recruiters such as Aditya Birla Capital, Axis Bank, Barclays, Bank of America Continuum, Credit Suisse, CRISIL, Deutsche Bank, DHFL Pramerica, Edelweiss, Fidelity Investments, Goldman Sachs, HDFC, HSBC, ICICI, India Ratings, IndusInd Bank, Indus Valley Partners, JPMorgan Chase & Co, Kotak Mahindra, Philips, Royal Bank of Scotland, State Street Corporation, Syngenta and Yes Bank

Sales & Marketing: 22% Share in Placement
Sales & Marketing also continued to be the preferred domain amongst participants with Industry giants like Aditya Birla Fashion Retail Limited, Asian Paints, Britannia, Cipla, Crompton Greaves, Dabur, Dalmia Bharat Group, Dolcera, Eli Lilly, GroupM, GSK Pharma, Hindustan Unilever, ITC, Jubilant Foodworks, Kent RO Systems, L’Oreal, Maruti Suzuki, Panasonic, Piramal Group, PUMA, Radio Mirchi, Raymond, Royal Enfield, Shemaroo Entertainment, Tata International, Tata Power, Tata Steel, UB Group, Unimoni and Whirlpool contributing 22% share in recruitment in this domain.

IT & Analytics: 10% Share in Placement
Recruiters in the IT/ Analytics domain include Accenture Technologies, Axtria, Capgemini, FIS Global, Google, HCL, Hexaware, HP, IBM, Intel, Infosys BPM, L&T Technology, Mahindra Comviva, MAQ Software, Tata Consultancy Services, Tredence Analytics and Wipro which offered varied profiles to IIM Indore students. Hindustan Unilever and General Electric continued to recruit for their sought-after IT leadership programmes.

General Management, HR & Operations: 15% Share in Placement
IIM Indore witnessed major recruiters like Airtel, Amazon, American Express, GMR Group, Jindal Steel & Power, JSW Group, MakeMyTrip, PayTM, Rebel Foods, Reliance Industries, Rural Electrification Corporation, Suzlon Energy, Tata Communications and Trident Group hiring for their leadership programmes and General Management roles. Capgemini opened up its ELITE program for the first time at IIM Indore.

Major recruiters like Aditya Birla Retail, Cipla, Essel Group, Godrej & Boyce, ICICI Bank, Jaguar Land Rover, L&T, Prataap Snacks, Shapoorji Pallonji Group, Vishal Mega Mart, Whirlpool and Willis Towers Watson offered roles in the HR and Operations domain.

Expressing his satisfaction about the Placement season, Prof. Himanshu Rai, Director of IIM Indore said “We are delighted by the faith that the top companies of the country and the MNCs have reposed in our students. It's an acknowledgment of the calibre of our students at IIM Indore as well as a reflection of the contextual relevance of our program content and pedagogy. 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.”

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.

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