IIM V SIP for the batch 2019- 21: Indian Institute of Management Visakhapatnam (IIMV) concluded its summer placement for the fifth batch 2019-21. The institute saw top companies offering summer internships to all the participating students. All the 121 students in the batch received the summer internship offers with the highest stipend clocked at INR 2 lac and average stipend offered is INR 51,726 ; The average stipend of the top 10% of the students was INR 1.25 lac while the same for the top quartile was INR 98,482.
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“Crossing milestones ahead of the competition is a way of the institute’s life. Completing summer placements successfully in January is an exemplification of this fact.” He further said that it is a “reflection of our strengths that find an echo in the superior system our students bring to the table.” Said IIM-V Director M. Chandrasekhar.
Commenting on the summer placement season, Deepika Gupta, chairperson of Career Development Services at IIM-V said, “The institute offers gratitude to all the recruiters for showing their faith and confidence in our students.”
The IIM-V summer placement offerings were spread into various sectors including- Banking, financial services and insurance (28%), IT/ITES (25%), consulting (9%), conglomerate (5%), e-commerce (6%), fintech (3%), logistics (1%), telecom (5%), technology (3%), hospitality (3%), oil and gas (3%), manufacturing (6%), transportation (1%), education (1%), automobile (1%).
Dominant roles offered in the internship include Sales & Marketing (50%), Strategy and advisory (10%), Finance (15%), General Management (4%), Product Management (9%), Analytics (4%), Operations (3%), Project Management (3%) and Human Resources (2%). Multinational conglomerate Bosch, L&T and Adani Group offered roles in general management, sales, marketing, HR and product management.
The companies which rolled out offers to the students include- OPPO Mobiles, HDFC Bank, ICICI Lombard, Yes Bank, Aditya Birla Capital, Bajaj Capital, SIDBI, Big Basket, Fujitsu, V-Guard, Basix and Decathalon, among others. Source: The Hindu. # CTC=Stipend