IIM Indore Summer Placement 2021: Records 100% Placement for 575 Participants with 7% Rise in Average Stipend; Process Completed in Virtual Mode

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MBAUniverse.com News Desk |
January 21, 2021
The Triple Crowned IIM Indore has recorded 100% Summer Placement for the largest batch 2020-22 comprising 575 participants. Average Stipend for two months has gone up by 7 percent at Rs.1.80 lakhs. 190 marquee recruiters participated in the process of IIM Indore summer placement 2021. Sales & Marketing emerged as the highest recruiting sector with 25 percent share in summer placement. Entire process was accomplished in Virtual mode
IIM Indore Summer Placement 2021

Indian Institute of Management, Indore has yet again achieved 100% summer placement for the batch 2020-22 with 7 percent rise in average stipend.

The Summer Placement process for the two-year flagship Post Graduate Program (PGP) along with the 5-year Integrated Program in Management (IPM) for the Class of 2022 was completed by the Indian Institute of Management Indore in a virtual mode. IIM Indore has repeated its feat of 100% summer placements for the largest batch across IIMs with 575 participants.

IIM Indore is the second Indian Business School to receive ‘Triple Crown’ after receiving the EFMD Quality Improvement System (EQUIS) accreditation in 2019. This places IIM Indore on the world stage among the top 100 Institutions who have the distinction of having the triple accreditation.

IIM Indore Summer Placement 2021: Key Highlights

  • Number of recruiters: 190+
  • Number of new recruiters: 70+
  • Highest Stipend: INR 3.2 Lakhs (for 2 months)
  • Average stipend: INR 1.8 Lakhs (for 2 months)
  • Increase in average stipend: 7%
  • Top 100 offer stipend: INR 2.95 Lakhs (Records 4% increase)
  • Median stipend: INR 1.83 Lakhs
  • Increase in Median Stipend: 9% 
  • Top Recruiters: Amazon, American Express, ArcelorMittal Nippon Steel, Axis Bank, Bain & Co, Bajaj Auto, Barclays, Bridgestone, BCG, Capgemini, Cognizant, Deloitte, Goldman Sachs, Google, GlaxoSmithKline, HUL, L&T, McKinsey, Yes Bank   

‘The novelty of a virtual ecosystem with Industry, integrated for the summer placement 2021, will always be a landmark achievement brushing aside the ripple effect of the COVID-19 pandemic’ says IIM Indore.

Commenting on successful achievement of 100% summer placement, Professor Himanshu Rai, Director, IIM Indore, said, "We are delighted that once again, the top recruiters of the country have reposed their faith in our students despite the dire COVID circumstances. We aim to continue strengthening our relationship with the industry, thereby offering a world-class and contextually relevant curriculum that enhances our participants' skills and develops them as socially sensitive leaders and managers.”

Top Recruiters in IIM Indore Summer Placement 2021
The marquee organizations which participated in the summer placement 2021 for the batch 2020-22 included Amazon, American Express, ArcelorMittal Nippon Steel, Asian Paints, Axis Bank, Bain & Co, Bajaj Auto, Barclays, Bridgestone, Boston Consulting Group, Capgemini, Cognizant, Cipla, Credit Suisse, D E Shaw, Deloitte India, Deloitte USI, Deutsche Bank, Everest Group, General Electric, Goldman Sachs, Google, GlaxoSmithKline, HSBC Bank, Hindustan Unilever, ICICI Bank, ITC, JP Morgan Chase & Co, Jubilant Foodworks, Kotak Mahindra Bank, Larsen & Toubro, L'Oreal, McKinsey & Co, Marico, Piramal, PricewaterhouseCoopers SDC, StateStreet, Sony Pictures Network, Tata Consumer Goods, Tata Steel, UB Group, Optum, _VOIS, Walmart Labs, and Yes Bank among others.

New Recruiters
Apart from the traditional recruiters, a lot of first-time recruiters participated in the summer placement process at IIM Indore.  Despite the tough times, 70+ new recruiters participated this time, including Amazon Web Services, Cloudtail, GlaxoSmithKline Consumer Healthcare, Lubrizol, Marsh, Rohatyn Group, Tata Consumer Products, and Veritas. All the recruiting partners continue to put their trust in the Institute because of its inculcating values through innovative experiential learning, the high degree of industry integration, and consequent curriculum relevance.

Sector-Wise Placements
Sales and Marketing was one of the most sought-after domains constituting 25 percent of the total offers as recruiters including Asian Paints, Dabur, Hindustan Unilever, ITC, L'Oreal, Marico, Piramal, Puma continued to bestow their trust in the Institute.

Finance attracted 21 percent of the total offers from the big names like Barclays, Credit Suisse, D E Shaw, Deutsche Bank, Goldman Sachs, HSBC Bank, JP Morgan Chase & Co, StateStreet  for premier roles.

In the Consulting domain, marquee recruiters like Boston Consulting Group, Bain & Co, Deloitte India, Deloitte USI, Everest Group, GEP Consulting, McKinsey & Co, PricewaterhouseCoopers SDC, Optum, among others, recruited 24 percent of the batch.

IT & E-commerce companies like American Express, Baker Hughes, Capgemini, Google, General Electric, Microsoft, Walmart Labs offered a good number of roles to students. Big recruiters and conglomerates that offered leadership roles are ACT Fibernet, Amazon, Cipla, JSW Group, Mahindra & Mahindra, Larsen & Toubro, and Tata Steel.

Sector
Share in Summer Placement
Consulting
24%
Finance
21%
Sales & Marketing
25%
IT / Analytics
11%
Gen Mgt, Ops & others
19%

Domain wise placements

Placement Domain
Percentage of Placement share
Automotive
8%
Consulting
22%
BFSI
18%
IT / Analytics
14%
E-Commerce
9%
Manufacturing
8%
FMCG
12%
Healthcare
4%
Others
5%

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 7th in the NIRF rankings 2020, and has been 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 placements.

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