During the final placement drive of the MBA batch of 2021-23 at Indian Institute of Management (IIM) Indore, a remarkable placement season was observed, with 568 students being offered jobs. The previous year’s record was broken when 12 students were offered domestic jobs, receiving an annual package of Rs 1.14 crore. Recruiters showed the highest interest in sectors like consulting, banking, financial services, and insurance (BFSI), and technology, media, and telecommunications (TMT).

The highest salary package offered this year is 132% higher than the previous year. All 568 students from the Post Graduate Program (PGP) and Integrated Program in Management (IPM) who appeared in the final placement drive secured a job, resulting in a 100% placement rate.

During the final placement drive, the students of MBA batch 2021-23 at the Indian Institute of Management (IIM) Indore were offered an average compensation of Rs 30.21 lakh per annum, reflecting a YoY increase of 20.8%. The median compensation offered was Rs 27.20 lakh per annum, representing a 12.9% increase from the previous year.

 The recruitment drive witnessed the participation of over 160 recruiters, including 80 new recruiters. The consulting, banking, financial services, and insurance (BFSI), and technology, media, and telecommunications (TMT) sectors had the highest participation, accounting for over 75% of the total job offers.

Sales and marketing, finance, general management, HR, leadership, and operations, and information technology received 18%, 18%, 19%, 19%, and 16% of the total job offers, respectively. The consulting sector was the most popular choice among recruiters, accounting for 29% of job offers. Professor Himanshu Rai, the director of IIM Indore, expressed his faith in the institute’s capacity to adapt to the changing needs of the future and in cultivating socially responsible leaders who can motivate and empower others.

The institute reported a 30% increase in pre-placement offers through summer internships.

According to a March 9 report, the CTC, or cost-to-company, offered to graduates with a Master of Business Administration (MBA) from the Indian Institute of Management (IIM) – Udaipur has increased by 14%.

According to information provided by the institution, and as reported in The Indian Express, the average CTC for the entire batch of MBA grads was Rs 20.3 lakh. According to the report, the highest salary package on offer was Rs 36 lakh, while the top 25% of CTCs for the cohort averaged about Rs 28 lakh.

The top 50% of packages provided to graduates from the cohort averaged Rs 24 lakh, according to the statement. Also, according to reports, IIM-Udaipur recorded a 30 per cent increase in pre-placement offers through summer internships.

The publication cited Prof. Ashok Banerjee, Director, IIM Udaipur, as saying, “Our focus on industry-relevant curriculum, practical learning, and mentorship has paid off, and our graduates are now thriving in top businesses across diverse industries.”

Major companies, including Amazon, Bain & Company, McKinsey, Pidilite, PWC, Wells Fargo, and Accenture Strategy, have been coming to the institute to hire candidates for their final placements.

According to the study, among the new employers seeking IIM-Udaipur MBA grads for this round of hiring were the Adani Group, Bank of America, SBI Capital Markets, Schneider Electric, Shalina Hospital, and State Street.