IIM Tiruchirappalli summer placement 2018: Records highest stipend Rs.2.50 lakhs; 17% rise in average with Girls grabbing higher average stipend

MBAUniverse.com News Desk |
March 14, 2018
IIM Tiruchirappalli has concluded its summer placement with yet higher stipends offered by coveted recruiters for the participating batch of 157 students. The average stipend has gone up by 17 percent reinforcing the faith of recruiters in IIM Trichy.
IIM Trichy Summer placement 2018
Female students at IIM Trichy have grabbed higher average stipend at Rs.76,579 as against overall average of Rs.62,019 for the batch while highest stipend has gone up to Rs.2.50 lakhs.

Just before a few days left for completion of final placement for the batch 2017-19, IIM Tiruchirappalli has concluded its summer placement with yet higher stipends offered by coveted recruiters for the participating batch of 157 students. The average stipend has gone up by 17 percent reinforcing the faith of recruiters in IIM Trichy.

In a historic development in the placement trends, female students at IIM Trichy have grabbed higher average stipend at Rs.76,579 as against overall average of Rs.62,019 for the batch while highest stipend has gone up to Rs.2.50 lakhs.

95 companies participated in the Summer Placement process for the batch 2017-19 and offered 157 roles to 157 students across the domains in Consulting, Finance, General Management, HR, Operations, Sales & Marketing, Strategy among others. 

Along with some of the top regular recruiters like Dabur, L&T, Mahindra, Microsoft, SaintGobain, Yes Bank, the summer placement season for the batch 2017-19 at IIM Trichy witnessed participation from new recruiters like Avendus, Avalon Consulting, Godrej, DHL who offered variety of profiles in various domains.

The historic events of IIM Trichy shifting to its new spacious permanent campus and the passing of IIM Bill 2017 are the two major events which have further boosted the image of IIMs in general and IIM Trichy in particular and also contributed in attracting more new recruiters at the campus. According to IIM  Trichy,“With the institute shifting to its State-of-the-art permanent campus and the IIM Act 2017 coming into force, this year has been a historic one in its own right.”

Placement trends
The Summer Placement process of PGP 2017-19 (Post Graduate Programme in Management) batch of IIM Trichy has been successfully completed with record breaking figures. Enthusiastic participation shown by the industry has reaffirmed their faith in the students of IIM Trichy.

IIM Trichy has a consistent record of excellent placement. The batch size of the two year post graduate programme in management at this highly ranked B school increased from 80 students in 2013 to 174 students who were found eligible for summer placement. Out of them 17 students opted out and all the 157 participating students got coveted offers from top recruiters.

Key Summer Placement trends at IIM Trichy

Highest Domestic Stipend
2,50,000
Average stipend for top 10%
1,67,750
Average stipend for top 25%
1,27,795
Average stipend for the batch
   62,019
Average stipend for female students
   76,579
Total Eligible Students
       174
Students opted out
         17
Students seeking internship through IIM Trichy
       157
Number of offers accepted
      157
Number of recruiters participated
        95

Consistent rise in Average Stipend: 6 year trends
Despite the ever increasing batch size over the years, IIM Trichy has recorded continuous rise in average stipend since 2012. Last six years trends of increasing average stipend during Summer Placement each year will bring home the facts:

Summer Placement year
Average stipend
2012-13
Rs.41000
2013-14
Rs.42657
2014-15
Rs.45000
2015-16
Rs.51000
2016-17
Rs.53030
2017-18
Rs.62019

Domain wise Placements
Domain wise split in summer Placement 2018 at IIM Trichy has recorded Sales and Marketing as the most lucrative domain with 52% offers. Below are shared the domain wise placement details with average stipend for top 10 percent.

Domain name
Placement percentage
Average stipend for top 10% (In Rs.)
Sales & Marketing
52%
1,80,000
Finance
15%
1,70,000
Consulting & Analytics
15%
1,65,500
General Management
  9%
1,80,000
Operations
  6%
1,00,000
HR & OB
  3%
Less than 1,00,000

Sectoral Placements
This year 95 companies visited the campus for summer placements offering roles across various sectors such as BFSI, Consulting, FMCG, IT/ITES, Manufacturing, E-commerce, Media and Advertising, NGO among others. There were diverse roles offered in exciting profiles such as Strategy, BFSI, Consulting & Analytics, Sales & Marketing, Operations, HR and IT/ITeS. Niche roles catering to the students’ interests were also offered in Product Development, Operations and Strategic Transaction Group - Investment Banking

Sector wise Summer Placement details are shared below:

Name of the sector
Percentage of students placed
BFSI
22%
ITES
22%
Consulting
17%
FMCG & retail
17%
Infra & Manufacturing
16%
E-commerce & Logistics
  6%

Prominent Recruiters
Prominent names that participated in the summer internship process this year were Reserve Bank of India, World Bank, Dabur, HSBC, Deloitte, Dell, Avalon, Avendus, FOSSIL, Godrej, HALMA, Mahindra, Microsoft, OBC, BPCL, BOSCH,  Saint Gobain Glass, TAFE, L&T, YES Bank, RBS, TVS, RBL, ShopClues, VIP, VLCC among others.

This year has been particularly exciting for summer placements with more placement offers and increased diversity of profiles offered, showing enthusiastic participation from various spheres of the industry. For six years now, IIM Trichy has been providing talented and persevering individuals of high caliber for corporates and academia alike. The industry has continued to place its confidence in the students of IIM Trichy.

IIM Tiruchirappalli (Trichy) is the 11th IIM in the country. IIM Trichy started functioning in 2011. The institute focuses on developing competent professionals for the industry. The flagship programme, PGPM has been instrumental in achievement of this goal. Hard Work, Perseverance, Passion and Integrity are some of the virtues taught at the institute. IIM Trichy has a collection of eminent faculty and motivated students which form its backbone. The institute takes care in ensuring an optimal student-teacher ratio to encourage better learning and to impart appropriate guidance.

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

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