IIM Visakhapatnam declare final placement for the MBA batch 2018-20. Highest salary offered is INR 27 Lac, Average salary offered is 13.08 lac which is higher than last year average salary (INR 12.6 Lac). Average of top 10% of the batch secured INR 22 lac and top 25% of the batch secured INR 18.67 lac and Average of top 50% of the batch secured INR 15.73 lac. IIM V is the 3rd generation IIMs, Recently IIM Nagpur and IIM Amritsar released final placement for the batch 2018-20.
Companies which took part in the placement included Amazon, Anand Rathi, BrowserStack, Crompton Greaves, Delhivery, Franklin Templeton, GMR Group, HDFC Bank, ICICI Lombard, KPMG, Mphasis, Mu Sigma, Raam Group, The Quarry, TVS Motors, Ultratech and WIPRO.
With 39%, IT/ITES continued to bet big on new talent, followed by BFSI (16%). The other sectors were education and technology (6%), infrastructure (6%), manufacturing (6%), logistics (5%), automobile (4%), conglomerate (3%), hospitality (3%), consulting (3%), luxury goods (2%); FMCG (2%), e-commerce (2%), pharmaceuticals (1%), media and advertising (1%).
Sales and marketing accounted for 40% in function-wise break-up followed by operations (17%), strategy (9%), finance (9%), consulting (8%) and analytics (7%). The season also witnessed participation from companies from high-growth sectors like hospitality, infrastructure, luxury goods and e-commerce.
Prof. Chandrasekhar congratulated the student cohort for scaling new peaks in career goals and setting even higher standards in the extremely rewarding offers received. Deepika Gupta, Chairperson of the Career Development Services, said, “In the prevailing tough business environment and difficult times, where slowdown is widely anticipated and is being experienced, our students bucked the trend and achieved 100% results, a loud and clear manifestation of our recruiters’ continuing faith, trust and confidence in us.”