IIM Indore Placement 2023: IIM Indore (Indian Institute of Management Indore) is delighted to announce 100% completion of Final Placements for the outgoing MBA batch of 2021-23. Despite the challenges portended by unfavourable macroeconomic conditions, this placement drive witnessed an overwhelming success, with over 160 recruiters doling out offers to 568 students from the two-year Post Graduate Programme (PGP) and Integrated Programme in Management (IPM).
IIM Indore Placements 2023 Trends
- The highest Domestic salary offered is Rs. 1.14 Cr.
- The average salary offered is Rs. 30.21 LPA, increasing by 20.8% year-on-year.
- The median salary offered is Rs. 27.20 LPA
IIM Indore has been consistently recognized as one of the premier management institutions and is honoured with the Triple Crown accreditation from AMBA, AACSB, and EQUIS, a distinction enjoyed only by three Indian B-schools. Serving as a testimony to the institute’s stature in management and research, IIM Indore has achieved a position in the FT Rankings Top 100 under the Global MBA category.
In light of this occasion, Prof. (Dr.) Himanshu Rai, Director, IIM Indore, congratulated the participants for securing excellent placements and extended his best wishes for their future prospects. He remarked, “We at IIM Indore have always been steadfast in strengthening our industry engagement by providing world-class management education and delivering sustainable value to our stakeholders. This is evidenced by the stellar placements secured by our students in the face of challenging times. This unwavering trust demonstrated by our recruiters has bolstered our confidence in our ability to meet the demanding and ever-evolving requirements of the future we are heading towards. We look forward to deepening our industrial relations by creating socially-conscious leaders imbued with the ability to empower and inspire others.”
The institute’s relentless pursuit of excellence in academic endeavours elicited recruiter interest and enthusiasm, with a diverse blend of firms extending offers across a breadth of domains, such as Consulting, Finance, General Management, HR and Operations, IT, Analytics and Product Management, and Sales & Marketing. The average compensation offered this year stood at 30.21 LPA, increasing by 20.8% year-on-year. The median compensation, standing at 27.20 LPA, rose 12.9% as compared to the previous year. The highest domestic package offered was 1.14 crores per annum, witnessing an exponential rise of 132.6% from the previous year.
This year, the institute forged ties with 80+ new recruiters, including Aarti Industries, Adani Group, African Industries Group, Alkem Laboratories, AM/NS, Ambit Capital, Bira 91, BlackRock, CavinKare, CITI Bank, DCM Shriram, Delhivery, DISYS, Dolcera, Edelweiss Alternative Asset Advisors, Exide Industries, EXL Analytics, EY Parthenon, Genpact, Haleon, HCL Tech, Houlihan Lokey, ICRA, IIFL Wealth & Asset Management, Indegene, IndigoEdge, Kearney, LatentView Analytics, Mphasis, Nation With NaMo, Newzera Tech, o3 Capital, Ola, Piramal Alternatives, Publicis Sapient, Reckitt, ReNew Power, Samagra, Samsung, Societe Generale, Stakeboat Capital, Standard Chartered, Syngene International, TAFE, TATA AIA, TATA Communications, TATA Motors, Tolaram, Trident Group, TVS Capital Funds, Willis Towers Watson, and WNS.
Consulting has always been the most integral part of placements, and the trend repeating itself this year as well. 29% of the batch attracted offers from eminent firms such as Accenture Strategy, Accenture Tech Consulting, Acuvon Consulting, Aspect Ratio, Avalon Consulting, Bain & Company, Boston Consulting Group (BCG), Deloitte India, Deloitte USI, Everest Group, Eversana, Ernst & Young, EY Parthenon, GEP Worldwide, HCL Tech, Infosys Consulting, Kearney, KPMG, McKinsey & Company, MXV Consulting, PwC India, PwC US Advisory, RedSeer Consulting, Samagra, and Vector Consulting.
With 18% of the total offers, IIM Indore continued to deepen its foray into the finance space, witnessing participation from reputed firms, including Ambit Capital, Axis Bank, Bank Of America, Barclays, BlackRock, CITI Bank, Credit Suisse, D.E. Shaw, Delhivery, Deutsche Bank, DISYS, Edelweiss Alternative Asset Advisors, Goldman Sachs, HDFC Bank, Houlihan Lokey, ICICI Securities, ICRA, IDFC First Bank, IIFL Wealth & Asset Management, IndigoEdge, JP Morgan Chase & Co., Lincoln International, Nomura, o3 Capital, Piramal Alternatives, SBI Capital, Stakeboat Capital, Standard Chartered, and TVS Capital Funds.
In the Sales & Marketing domain, enthusiastic participation was witnessed from leading recruiters, including AB InBev, Asian Paints, Atomberg Technologies, Bajaj Auto, CavinKare, Dr. Reddy’s Laboratories, Everest Industries, Haleon, Hero MotoCorp, HUL, IBM, Infosys Ltd, ITC, Johnson & Johnson, L&T Technology Services, Lodha Group, PepsiCo, Reckitt, ReNew Power, Samsung, TAFE, and Tolaram, which rolled out offers to 18% of the batch.
16% of the batch secured offers in IT, Analytics and Product Management with participation from notable recruiters, including _VOIS, Amazon, American Express, Axtria, Capgemini Chrysalis, CarDekho, Carwale, Cognizant, Dolcera, Equitas Small Finance Bank, Exide Industries, EXL Analytics, GE, LatentView Analytics, MakeMyTrip, Media.net, Merilytics, Microsoft, Newzera Tech, Ola, Optum, Publicis Sapient, QBurst, RateGain, Samsung, Societe Generale, TATA Communications, and Walmart.
19% of the batch bagged offers in General Management, HR, Leadership and Operations by prestigious names such as Aarti Industries, Adani Group, Aditya Birla Fashion & Retail, African Industries Group, Alkem Laboratories, AM/NS, Biocon, Bira 91, BLS International, Capgemini E.L.I.T.E, Cipla, Country Delight, CRISIL, DCM Shriram, EXL, Flipkart, Genpact, Hexaware, Hitachi Payment Services, HSBC Technology India, ICICI Bank, Indegene, Jindal Steel and Power, Jio Platforms, JSW, Kotak Mahindra Bank Limited, Mahindra & Mahindra, Menon and Menon, Mphasis, Nation with NaMo, OfBusiness, PhonePe, Piramal, Power Finance Corporation, Reliance Industries Limited, Salesforce, Sobha Realty, Syngene International, TATA AIA, TATA Motors, TATA Steel, Tech Mahindra, Trident Group, Turtlemint, Vedanta Limited, Willis Towers Watson, Wipro, WNS, and Xanadu Realty Limited.
Consulting, Banking, Financial Services and Insurance (BFSI), and Technology, Media & Telecommunications (TMT) sectors saw the highest participation, accounting for over three-fourths of the total offers. IIM Indore also had the privilege to host prestigious firms across other prominent sectors such as Conglomerate, Construction & Real Estate, Consumer Goods, E-commerce, Healthcare, Logistics & Manufacturing, and Utilities & Renewables.
IIM Indore would like to acknowledge the contributions of its recruiters, faculty, and placement representatives and extend its gratitude to all its stakeholders for their invaluable support that enabled students to embark on meaningful career paths.
stablished in 1996, Indian Institute of Management Indore (IIM Indore) has been a leader in the field of management education, interfacing with the industry, government and PSUs. It is promoted and nurtured by the Ministry of Education, Government of India and is an institute of national importance under the Indian Institutes of Management Act 2017. It is Triple crown Business Schools of India, Source: IIM Indore website