IIM Udaipur Placement 2019: Average Salary Up at Rs.13.20 LPA; Highest Domestic Salary at Rs.27.5 LPA; 9 Students Get International Placements

IIM Udaipur Placement 2019
Sunday, May 19 2019, 05:45 PM
IIM Udaipur final placement 2019 has concluded with high packages. Highest domestic salary in placement 2019 has shot up at Rs.27.50 lakhs from Rs.19.5 lakhs last year. Average salary has also recorded upward trend and has gone up at Rs.13.20 Lakhs from Rs. 13.16 lakhs. Four international companies have recruited nine students in placement 2019. The highest international offer has stood at Rs.33 LPA

IIM Udaipur Placement 2019 has concluded with high domestic salary packages. Highest domestic salary has gone up to Rs.27.5 LPA in 2019 from Rs.19.5 LPA last year while average salary has also recorded some increase and has gone up at Rs.13.20 LPA in 2019 from Rs.13.16 LPA last year.

Despite the dip in highest international salary from Rs.53 LPA to Rs.33 LPA this year, the overall average salary has gone up, narrowing the gap between highest and average compensation gap. IIM Udaipur has seen more first time recruiters and more placement offers to its students.

IIM Udaipur Placement 2019: Highlights

  • Highest domestic salary in 2019 goes up at Rs.27.5 LPA from Rs.19.5 LPA last year
  • Overall Average salary goes up at Rs.13.20 LPA in 2019 from Rs.13.16 LPA last year
  • Highest International salary dips to Rs.33 LPA in 2019 from Rs.53 LPA last year
  • 4 International Companies recruit 9 students
  • 20% of the batch received PPOs/PPIs
  • 78 companies made placement offers in 2019

The placement season 2019 at IIM Udaipur was marked with grand success with Domestic and international offers being made by 78 recruiters to 205 students of the Institute. Out of the batch size of 223 students, 18 students did not seek placement at IIM Udaipur this year.  The industry reinstated its faith in the institute as past recruiters along with more new recruiters took part in the placement process 2019. 

In terms of salary IIM Udaipur has witnessed spurt in the domestic pay packages although highest international package has gone down.

Large Batch Size with 223 Students
The class of PGP 2017-19 has 25% women students. Although there are 223 students in the batch, 18 students did not seek placement or are planning entrepreneurship ventures giving a boost to Make in India campaign or going back to join family business or are continuing education. Batch Highlights are:

Total Students
223
Sought Placements
205
Moving for Entrepreneurship to start new business
    3
Returning to/Joining family business
    1
Sought Placement outside campus placement process
 10
Did not seek/get Placement
   4
Total who did not seek placement through IIMU
 18

Sharing the unaudited Placement 2019 report for flagship PGP 2017-19 batch, IIM Udaipur has highlighted that 20% of the students were offered pre-placement job offers (PPO) and pre placement interview opportunities (PPI) based on their performance during the Summer Internship from the batch of total 223 students. The audited placement report with more detailed statistics would be shared by IIM Udaipur a few months after the release of unaudited placement report 2019.

The unique feature in the process was the diversity of profiles offered to the students which gave them a good choice in terms of industry and the role. The largest numbers of offers were made in Banking, Financial Services and Insurance followed by Information Technology.

4 International companies participated in Placement 2019 at IIM Udaipur. These companies recruited 9 students. 

IIM Udaipur: Key Placement Trends
IIM Udaipur despite being a newer IIM has a consistent record of excellent placement. The batch size of the 2 year post graduate programme in management at this highly ranked B school stands to 223 students for the class 2017-19. The batch comprises 25% women students. 205 students participated in the Placement 2019.

3 students opted out of the placement process to pursue their own ventures. To support the students in these endeavors, they will be provided with a 2-year placement holiday and financial support in the form of a monthly hardship allowance by IIM Udaipur.

Average and Highest Salary
The placement season 2019 at IIM Udaipur saw an average salary of Rs.13.20 lakhs as against Rs. 13.16 lakhs in 2018.

Alongwith higher average salary of Rs.13.20 lakhs, the highest domestic offer in Placement 2019 at IIM Udaipur has gone up to Rs. 27.5 lakhs. Last 5 years Placement trends are shared below:

Placement year
Average Salary (Rs. in Lakhs)
Highest Salary Domestic (Rs. in Lakhs)
Highest Salary International (Rs. in Lakhs)
2019
13.20
27.5
33
2018
13.16
19.5
53
2017
12.84
20.02
28.4
2016
12.91
21.50
25
2015
10.28
15.25
21.80

The average domestic salary at IIM Udaipur placement 2019 stood at Rs. 12.59 lakhs. The average annual compensation for top 10 percentile was Rs.19.63 lakhs and for top 25 percentile it was at Rs.16.97 lakhs. The average salary for top 50 percentilers has stood at Rs.15.21 lakhs in placement 2019.

More Recruiters at IIM Udaipur
IIM Udaipur witnessed 78 recruiters in placement 2019 as against 62 last year. Not only the past recruiters returned for placement at IIM Udaipur campus but a good Number of new recruiters also participated in placement 2019 at IIM Udaipur.

Past Recruiters returning to campus include Aditya Birla Capital, Accenture Strategy, Accenture Technology, Amul, Axis Bank, Bajaj Auto, Berger Paints, Cognizant, Cummins, Deloitte, HDFC Bank, ICICI Bank, ICICI Lombard, Infosys BPM, ITC Infotech, KPMG, Landmark Group, L&T, MAQ Software, Quikr, Rural Electrification Corporation Limited, Tata Advanced Systems, Tata Steel, United Breweries, Ujjivan Bank, VF Corp, Xpress Money, Yes Bank among others

New Recruiters
Prominent first time recruiters included Ambuja Cement, Cipla Health, ColorTokens, Enhance UAE, Flipkart, GAIL, HSBC, IDFC FIRST Bank, Little Artists, MarketsandMarkets, Marico, Maruti Suzuki, Oyo Weddingz, Reliance Home Finance, Zydus Cadila

Major recruiting sectors
BFSI, IT, Consulting among others emerged as the prominent recruiting sectors in placement 2019 at IIM Udaipur. Sector wise placement 2019 at IIM Udaipur is shared below

Sector
Number of offers accepted
Banking, Financial Services, and Insurance (BFSI)
45
Information Technology
23
Consulting 
32
E-Commerce
14 
Education
13 
Analytics & others
  8 
FMCG 
17
Manufacturing/Engineering/Energy
27
Healthcare
  5
Logistics
12
Aerospace & Defence 
  2
Market Research
  7
Total
205

The largest number of offers were made in the industry of Banking, Financial Services and Insurance (BFSI) followed by Consulting. Sales & Marketing & Business Development function witnessed the highest number of roles offered, followed by Consulting

Despite being one of the 6 new IIMs that were announced in 2009 and started functioning in 2010-11 IIM Udaipur has many achievements up its sleeve. Prof Janat Shah, Director IIM Udaipur  shares USPs of IIM Udaipur with the pedagogy and learning experience  at the B schools.  According to him “There are three aspects that are at the heart of teaching and delivery at IIMU: Immersion, Analytics and Entrepreneurship.”

The Industry Mentorship Programme provides access for all students to Industry mentors and graduates from distinguished institutions including alumni of IIM A, IIM B and IIM C. It helps in understanding actual job content and gives a realistic view of various work profiles

Global Immersion has two aspects. The first one is International Business Program (IBP) which provides students an opportunity to undertake 2-3 weeks live projects in foreign offices of a multinational organisation. The program helps students to understand working in a multi-cultural environment. 50-60% of the batch exercises the option of undertaking IBP 

The other aspect is Student Exchange Program: Partner Universities include – Germany: European Business School, HHL Leipzig, FAU Germany; USA: Purdue University, Duke University; China: Tianjin University; France: Normandie Business School; Mexico: UDLA, Puebla

Rural Immersion is a compulsory program where students spend 3-4 days in villages with the objective of understanding the ground realities of rural areas, their problems & challenges and assessing impact of work done by NGOs and Government bodies

IIM Udaipur is the first IIM to have a trading lab functional in its first year of operation. It is a full-fledged Bloomberg Financial Markets Analysis Lab with 12 Terminals. There are very few such Labs in India.

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