IIM Visakhapatnam does well again in placement

Visakhapatnam Indian Institute of Management (IIM)-Visakhapatnam popularly known as the sunrise IIM, has once again proved its mettle by completing the final placement season for the 6th graduating MBA batch with record offers with highest package of Rs.23.5 lakh and average package of Rs.14.6 LPA.

Commenting on their success this season, IIMV Director Prof. M. Chandrasekhar said on Saturday "this is a perfect gift the students gave us on the eve of the New Year. Competence and confidence of our students are a winning combination."

He said "facilitating close-connect between what is needed and what is taught, our faculty cohort brought to bear on their teaching, a symbiosis of pedagogy and technology that the students gainfully leveraged. They have set a new benchmark of success. It will deepen the culture of aspirational performance in the Institute."

Despite the challenges posed by the COVID-19, IIMV maintained its legacy of delivering 100 percent placement results but also broke previous records to achieve the highest-ever average package at Rs.14.6 LPA (up 16 percent from last year) and median at Rs.15 LPA (up 25 percent from last year). Reinforcing their faith in the distinctive quality of IIMV's students, industry-wide recruiters offered higher packages for coveted roles pushing the highest package up to Rs.23.5 LPA, a handsome increase of 13 per cent over the last season.

The lucrative opportunities offered to the students are a good reason for celebration, with the top 50 percent of students receiving an average package of Rs.16.7 LPA (up 11 percent from last year); the top 25 percent receiving an average package of Rs.18.07 LPA (up 5 percent from last year) and the top 10 percent receiving an average package of Rs.20.13 LPA (up 7 percent from last year).

The Institute owes the success of the placement feat to the unwavering support of its esteemed recruiters, the effort and determination of its student placement committee, as well as the caliber and zeal of its students. Held on a rolling basis, the placement season witnessed over 75 companies participating in the process and making multiple offers with 40+ new recruiters offering roles across various domains, including consulting, strategy, finance, product management, sales & marketing, HR, IT & analytics. There has been an overwhelming increase in the number of recruiters willing to partner with the institute, an indication of the rapid strides it made notwithstanding the challenges posed by the pandemic.

Sector-wise break-up: This year, BFSI (31 percent) bet big on new talent, followed by IT/ITES (26 percent), consulting (25 percent), e-commerce (7 percent), manufacturing (5 percent), FMCG (3 percent) and the other sectors (3 percent) were healthcare, construction, digital media and education.

Some of the prominent recruiters included Amazon, Deloitte, Cognizant, YES Bank, Anand Rathi, ICICI Lombard, TATA AIA, NCR Corporation, Zetwerk, TATA AIG, KPMG, Virtusa, ICICI Bank, HashedIn, Infosys, IndiaMART, L&T, HCL, TAFE, TATA Advanced Systems, HSBC, HDFC Bank, GEF India, RedSeer Consulting, Optum Global Solutions, TrueBlue Advisory, Tresvista, iQuanti, Tredence, Fraazo, Accolite Digital, Cloud Peritus, HDFC Life, Equitas SF Bank.