IIM Sambalpur Completes 100% Placement 2021: Records 7% Rise in Average Salary at Rs.11.21 LPA; 39% hike in Highest Salary Offered at Rs.26.4 LPA

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MBAUniverse.com News Desk |
May 29, 2021
Achieving 100% Placement yet again, IIM Sambalpur has concluded final Placement 2021 for the 5th MBA 2019-21 batch with highest ever salary offered at Rs.26.40 LPA and secured at Rs.21 LPA. Average salary in Placement 2021 has recorded 7% rise and has gone up at Rs.11.21 lakhs from Rs.10.5 LPA last year. Top Recruiters include Reliance, Tech Mahindra, Mindtree, Amul, HCL, Tata Steel, Accenture, IBM, ZS, Deloitte, KPMG, EY among others
IIM Sambalpur Placement 2021

IIM Sambalpur has completed final Placement 2021 achieving 100% placement yet again for the 5th MBA 2019-21 batch. This season recorded the 39% rise in highest annual salary package offered at INR 26.4 LPA from Rs.18.95 LPA last year. Average salary has recorded 7% rise which has gone up at Rs.11.21 LPA in 2021 from Rs.10.50 LPA last year.

IIM Sambalpur Final Placement 2021: Key Highlights
A key highlight of IIM Sambalpur Placement 2021 is that now the candidates have started negotiating for better salary packages. Out of the total 95 students in the batch, all have accepted the job offers after negotiating with the recruiters to get better packages. Key highlights of IIM Sambalpur placement 2021 are:

  • Achieves 100% final placement and summer internships even in times of pandemic.
  • More than a 90% increase in the companies visited for recruitment
  • 140 companies visited the campus including KPMG, Deloitee, E&Y, IBM, Accenture, AMUL, Vedanta, Trident Group.
  • Average Salary goes up at Rs.11.21 LPA in Placement 2021 from Rs.10.50 LPA last year
  • Highest salary offered goes up at Rs.26.40 LPA in Placement 2021 from Rs.18.95 LPA last year
  • Secured Highest Salary is Rs.21 LPA in Placement 2021
  • Median Salary stood at Rs. 10.35 LPA in Placement 2021
  • Top 25% Average salary is Rs.14.91 LPA in Placement 2021
  • MBA 2019-21 Batch size is 95 students
  • The batch comprises 49% female students
  • Top Recruiters in IIM Sambalpur Placement 2021 include Accenture, IBM, BYJU’s, Infosys,  Nielsen, Reliance Retail, Tech Mahindra, Mindtree, Amul, Vedanta, Tata Steel, Bajaj Allianz, ZS Associates, Deloitte, KPMG, Ernst & Young among others

Speaking on the successful completion of placements, Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, said, “IIM Sambalpur has yet again bettered its previous records and will continuously strive to exceed expectations of all its stakeholders. Despite the current market dynamics, we are proud of our students who have achieved this feat owing to sheer hard work and dedication. I congratulate our graduating students on receiving such coveted employment offers. These demonstrate the high value of the blended pedagogy imparted at IIM Sambalpur and our students' remarkable skills and capabilities. We would like to extend sincere gratitude to the esteemed recruiters for partnering with us and reposing faith in the quality of talent and its distinct academic culture.” 

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IIM Sambalpur Final Placements: Key Trends
IIM Sambalpur Key Placement Trends are appended:

Final Placement Year
Average Salary  (Rs. in Lakhs)
Median Annual Salary (Rs. in Lakhs)
Highest Annual Salary (Rs. in Lakhs)
2021 (batch 2019-21)
11.21
10.35
21
2020 (batch 2018-20)
10.5
10.87
18.95
2019 (batch 2017-19)
11.33
  9.23
20

Roles offered
IIM Sambalpur students were offered a myriad of lucrative roles across Marketing, Sales, BFSI, Operations, Consulting, Analytics, ITeS and bagged highly coveted roles in Fintech, E-Commerce, FMCG, and so on. Important roles and profiles offered by Recruiters are Manager Marketing, Consultant, Equity Research Analyst, Executive Assistant, Management Associate, Relationship Manager, Sales Manager, Young Professional, Management Trainee, Management Trainee - Marketing & PR, Management Trainee - Sales Planning, Area Manager, Assistant Manager, Business Analyst, Business Development Consultant, Business Development Manager among others.

Top Recruiters in IIM Sambalpur Placement 2021
The placement season saw prominent recruiters from various industries making offers to students. The list includes past recruiters as well as new recruiters. Major recruiters from sectors like IT, business consultancy, FMCG, BFSI include Nielsen, Reliance Retail, Ramco Systems, Tech Mahindra, Mindtree, Amul, Vedanta, HCL, SBI Life, Tata Steel BSL, Accenture, IBM, BYJU’s, Infosys, ICICI Prudential, Trident Group, Bajaj Allianz, ZS Associates, Deloitte India, KPMG, Ernst & Young, etc.

iim sambalpur

Domain wise Placement
Sales & Marketing has recorded 35% shared in IIM Sambalpur placemernt 2021 followed by IT & Analytics with 19% share. Below is shared the domain wise split in IIM Sambalpur placement 2021

iim sambalpur

IIM Sambalpur Summer Placements: 100% Placement for 6th MBA batch
IIM Sambalpur has successfully completed 100% Summer Placements for the sixth batch (2020-22) of its flagship MBA program. Summer Placement this year was one of the best placement seasons beating previous years' records. The institute has witnessed a highly coveted pool of first-time recruiters.

Key highlights of summer placements 2020-22 batch are:

  • More than 110 companies participated in the on-campus Summer Internship placement process
  • MBA 2020-22 batch strength is 157 students
  • The highest stipend offered was Rs. 1,70,000
  • The top quartile of the batch received an average stipend of Rs. 72,511
  • The top half of the batch secured an average stipend of Rs. 56,644
  • Average Stipend for the batch was Rs.48,222
  • Median stipend for the batch stood was Rs.47,700
  • New Recruiters include Google, Adani Ports, Indian Oil Corporation Ltd., Bank of Baroda, IMCD India, Bajaj Allianz Life Insurance, DSM Group, IBM, Justdial, Tata Steel BSL, Tata Consultancy Services (TCS), V Guard, ICICI Bank among others.
  • Opportunities were offered in multiple domains like Advertising, Apparel, Automobile, BFSI, Chemicals, Consulting, Consumer Goods & Services, E-Commerce, Edu-tech, Financial Services, FMCG, Insurance, IT/ITES, Mining, Pharmaceuticals, and Retail
  • This year also saw a sharp increase in companies of Automobile, E-Commerce, and Pharmaceutical industries visiting the campus with a considerable percentage of students getting offers from these organizations.

IIM Sambalpur Summer Placements: Key Trends

Summer Placement Year
Average stipend (In Rs.)
Median stipend (In Rs.)
Highest stipend (In Rs.)
2021 (batch 2019-21)
48,222
47,700
1,70,000
2020 (batch 2018-20)
55,432
50,000
1,60,000
2019 (batch 2017-19)
59,789
 
1,68,000

Speaking about Summer Placements, Prof. Diptiranjan Mahapatra, Placement Chair, IIM Sambalpur, said, “The speed at which our students received the offers are unparalleled and phenomenal. The outcome bears testimony of the recruiters’ continued trust in exceptional talent and academic excellence at IIM Sambalpur. With changing times, Consulting, BFSI, FMCG, IT/ITES, and Edu-Tech emerged as most sought after and lucrative amongst others with more than 50% of the batch opting for these industries.

The timely conclusion of final placement at IIM Sambalpur for its 5th batch has raised hope among the CAT 2020 aspirants and for those who were in a dilemma whether to join IIM Sambalpur compared to other old IIMs that they can now take a clear decision to join the IIM Sambalpur in Odisha.

Established in 2015, IIM Sambalpur is located in the State of Odisha. The B-school commenced operation with its first MBA (PGP) 2015-17 batch comprising 49 students.  Apart from its regular flagship 2 years full time MBA programme, IIM Sambalpur has also launched  2 year Executive MBA degree programme for working professionals in blended learning mode with a combination of online and offline classes from the year 2021. IIM Sambalpur also offers full time PhD and executive PhD programmes.

IIM Sambalpur, as of now, operates from the temporary premises allotted to it at Silicon Institute of Technology, Sambalpur and will continue operating from there till the 200 acre campus of IIM Sambalpur gets ready in next few years. The premises are equipped with hostel accommodation with spacious rooms and sufficient furniture. The hostel is in the vicinity of the first year classroom and in the premises of Silicon Institute of Technology, Sambalpur.

The students at IIM Sambalpur are getting the best learning experience and placement opportunities as IIM Indore is mentoring all activities at IIM Sambalpur till it moves to its permanent campus or IIM Sambalpur is able to handle these activities entirely on its own. The faculty from IIM Indore is also delivering courses at IIM Sambalpur. The overall design, quality and delivery of MBA course is in accordance with the standards and with direct involvement of IIM Indore. Students at IIM Sambalpur have the opportunity to get learning from some of the best faculty members in the country today.

IIM Sambalpur learning experience combines the case study method supported by a team of high calibre faculty, and a tight-knit learning environment with close ties to industry to develop complete leaders who are ready to make an impact. 

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