IIM Visakhapatnam Summer Placement of the batch 2018-20. Highest Stipend INR 2.5 Lacs.
After IIM Nagpur, IIM Visakhapatnam is the 2nd of the 3rd generation IIMs that released summer placement for the PGP batch 2018-20. All the 104 students in the batch received summer internship offers. The average stipend of the top 25% of the batch has been stated to be INR 93,200.00
Average Stipend INR 2.5 Lacs.
Average Stipend INR 50,630
Average of top 25% batch INR 93,200
Profiles of offers as reported is - Sales & Marketing (34%), Strategy & Advisory (19%), General Management (23%), and Customer Relationship Management (15%).
Roles in Finance, Operations and Product Management accounted for 9% of the offers. For the last batch of 2017-19, 39% students were inducted in Sales & Marketing. Organizations from banking, financial services and insurance (BFSI) sector such as Yes Bank, ICICI Lombard and HDFC Bank offered roles in Customer Relationship Management, Wholesale Marketing, Underwriting and Business Development. Multinational conglomerate Bosch offered roles in General Management, Sales, Marketing, and Product Management. The Bengaluru-headquartered full-service landholding development company Century Real Estate recruited some students for strategic roles too.
Director, IIM Visakhapatnam, Prof M Chandrasekhar, said that the robust summer placement results demonstrate the strengths that the recruiters find in their students. "The range of organizations that chose the Institute for their talent-needs has increased this year in scale, scope and specialization," said Prof Chandrasekhar. Commenting on the season, Chairperson, Career Development Services, IIM Visakhapatnam, Professor Ganesh Prabhu, said: "Increased efforts in reaching out to more companies for placing a larger batch resulted in early completion of the summer placement process with enough good roles that matched student interests. We look forward to the summer interns of the third batch contributing to the companies that recruited them and securing pre-placement offers."
As in the past, IIM Visakhapatnam has been a hit with the government/public Sector too. NISG, the renowned architect of e-Government solutions, inducted students for their e-governance initiatives. Blue-chip central public sector enterprises IOCL and HPCL signed up students for their operations and marketing domains.
Abhishek Sonawane, Placement Secretary, IIM Visakhapatnam, said: "My heartiest congratulations to the batch of 2018-20 for their exemplary performance in the placement process. I would also like to extend my gratitude to all the recruiters for participating and hiring students as summer interns."
About IIM V: Indian Institute of Management Visakhapatnam (IIMV) belongs to the prestigious IIM family of business schools. It is a new generation IIM, set up by the Government of India in September 2015. The Indian Institutes of Management Act 2017 declares IIMs as Institutions of National Importance, empowered to attain standards of global excellence in management, management research and allied areas of knowledge. The Institute is currently offering a two-year residential Post Graduate Programme (PGP) leading to an MBA degree, with an intake of about 100. This intake is set to increase to 120 from the Academic Year 2019-20.