IIM Visakhapatnam Placement 2024: Completes 100% Placement with 25% rise in Highest Salary at Rs.43.25 LPA; Average Salary Dips at Rs.15.61 LPA

Recording yet again 100% placement to its credit, IIM Visakhapatnam has completed final placement 2024 for its 8^th graduating batch of MBA 2022-24 with 25% rise in highest salary which has gone up at Rs.43.25 LPA from Rs.32.65 LPA last year and a sharp dip in average salary which has gone down at Rs.15.61 LPA in Placement 2024 from Rs.16.61 LPA last year.

In a scenario when most B-schools are facing adverse impact of Economic Slowdown in their placements, IIM Visakhapatnam too has been affected by this phenomenon with a dip in its Average, and Median salary while has registered substantial increase in highest salary in Placement 2024. IIM Visakhapatnam concluded its final placement 2024 witnessing 177 marquee companies making offers to its large batch of 272 students. IIM Visakhapatnam has started conferring MBA degree instead of diploma after implementation of IIM Act 2017 which empowered the IIMs to award MBA degree. 

With superior all-round performance, the student cohort lived up to the high expectations and landed plum offers in rich profiles and niche roles, from renowned 177 companies that made placement offers in placement process 2024 of IIM Visakhapatnam. On the successful Placement 2024, Dr. M Chandrasekhar, Director, IIM Visakhapatnam, said, “Despite the strong the headwinds, our students stood their ground, dug their heels in, and withstood the tough times, only to emerge stronger and put in even better performances” and added further, “It’s our pedigree, pride, passion, purpose, and potential that drive our high performance. It’s our high performance that places our Institute in such a high position.” 

IIM Visakhapatnam Placements 2024 Vs Other 3^rd Generation IIMs Placements 2024
Out of the third generation 7 IIMs which started operation in 2015-2016, only IIM Bodh Gaya and IIM Visakhapatnam are the two IIMs who have completed placements for 2022-24 batch. Both of them have registered dip in average salary which is more for IIM Bodh Gaya at 13% than for IIM Visakhapatnam at 6%. Most other IIMs are also witnessing downward trend in placement packages. A comparative analysis of IIM Visakhapatnam Placements 2024 Vs other IIMs’ Placements 2024 is given below:

Status as on May 31, 2024 

IIM Placements 2024: Third Generation IIMs (Baby IIMs) Average Salary Trends for last four years
An interesting observation from the data is that while IIM Visakhapatnam has seen dip in average salary, its highest salary has gone up by 25% at Rs.43.25 LPA in placement 2024. IIM Bodh Gaya which has witnessed 13% dip in average salary, has witnessed higher dip of 33% in highest salary which has gone down at Rs.32.50 LPA from Rs.48.58 LPA last year.

Status as on May 31, 2024

However, proving its mettle and braving the economic slowdown situation, IIM Visakhapatnam has successfully concluded the final placements for the batch of 2022-24, keeping intact its legacy of 100% placement record over the years.

IIM-Visakhapatnam Placement 2024: Key Highlights

• 100% Placement for the MBA 2022-24 Batch
• Average Salary has gone down by 6% at Rs.15.61 LPA in Placement 2024 from Rs.16.61 last year
• Median Salary has gone down at Rs.15.50 LPA in Placement 2024 from Rs.16 LPA last year
• Highest Salary has gone up by 25% at Rs.43.25 LPA in Placement 2024 from Rs.32.65 LPA last year
• IIMV students received 43 PPOs from top companies from their summer internships
• Average Salary of Top 10% goes down at Rs.24.62 LPA in Placement 2024 from Rs.29.03 LPA last year
• Average Salary of Top 25% has gone down at Rs.21.05 LPA in Placement 2024 from Rs.23.63 LPA last year
• Average Salary of Top 50% has gone down at Rs.18.53 LPA in Placement 2024 from Rs.20.24 LPA last year.  
• 177 Companies, with 117 new companies, Participated in Placement 2024
• BFSI emerged as the top Recruiting sector with 34% students getting Placement offers
• Top Recruiters include Accenture, Cognizant, Crisil, Deloitte, Goldman Sachs, EY, ICICI Bank, Infosys, KPMG, L&T, PwC, TAS, Volvo, Zycus among others.

This is the eight batch at IIM Visakhapatnam and the placements at IIM Vizag have surpassed many long established top B-schools who are yet to complete their final placement 2024. Despite the increasing competition, the IIMV students have shown robust performance in attracting the country’s premier companies. The industry has offered diverse profiles and niche roles.

The Post Graduate Programme (PGP) at Indian Institute of Management (IIM) Visakhapatnam is the flagship management programme leading to MBA degree after successful completion.  Recruiters have reposed continued faith in IIM Visakhapatnam.  The placement season witnessed more than 177 companies participating in the process and making multiple offers with 117 new recruiters offering roles across various domains, including Consulting, BFSI, Strategy, Sales & Markeng, HR, IT & Analytics.

Key Placement Trends at IIM Visakhapatnam
Continuing the legacy of the record of completing 100% final placement, IIM Visakhapatnam, one of the 7 newest IIMs which started operation with first batch in 2015-16, has reported yet again 100% placement for the PGP 2022-24 batch. IIMV placement trends for the last 7 years are shared below:

Source: IIM Visakhapatnam

Top Recruiters
The continued trust and confidence reposed in the students of the Institute resulted in several top-notch recruiters hiring this year too.  ABSYZ Inc, Accenture, Adani Group, Airtel, Amara Raja Group, Anand Rathi, AU Bank, Axis Bank, Bosch, Cognizant, DS Group, Deloitte, EY, IDFC First Bank, ICICI Bank, ICICI Lombard, ICICI Prudential, Infosys, KPMG, MTR Foods, Nerolac, PwC, TATA Advanced Systems, TVS Motors, UltraTech, Volvo, Zycus were among the top recruiters.

Sectoral Placement
Accounting for 34% placements, IIM Visakhapatnam witnessed BFSI sector emerging as the largest recruiting sector followed by IT & Consulting with 31% share in placement; Manufacturing with 12% share in placement; Logistics with 7% placement and the other sectors including FMCG, Retail, Healthcare, Real Estate & Construction, Telecom etc with 16% share in placement 2024.

Roles & Profiles Offered
In placement 2024, the students of IIM Visakhapatnam were offered roles across various domains, including Consulting, Strategy, Finance, Product Management, Analytics, Brand Management, Marketing, HR and IT among others

IIM Visakhapatnam Batch Profile
IIM Visakhapatnam PGP 2022-24 batch has good number of students with work experience, good male-female ratio, good number of students representing other academic than only engineering. Key details of the batch are:

• Batch size: 272 Students
• Gender Diversity: There are 71% Male and  29% Female students in the 2022-24 batch of IIM Vizag
• Cultural Diversity: The students represent 22 States of India in the batch 2022-24

Work Experience
The PGP 2022-24 batch at IIM Visakhapatnam has good number of students with work experience as detailed below

IIM Visakhapatnam is the one among the 7 newest IIMs that have completed the Final Placement for the PGP batch 2022-24. The achievement is more significant as IIM Visakhapatnam has been able to place its students across companies, sectors and industries, before their convocation.

IIM Visakhapatnam came into being in 2015 as one of the 6 IIMs announced in the Union Budget 2014. While 5 of the 6 IIMs got finalized in the Budget 2014, the fate of IIM Visakhapatnam took the final shape in the Budget 2015 till then it remained a Government Ordinance entity. IIM Bangalore is the mentor to IIM Visakhapatnam. Classes at IIM Visakhapatnam are held at the premises allotted to it at Andhra University campus and will continue at the temporary campus till the 300 acre campus of IIM Visakhapatnam gets ready.

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