Indian Institute of Management-Visakhapatnam (IIM V) has achieved 100% summer placements for its MBA batch 2020-22 as per reports. Highest stipend offered was INR 2 lac, the stipend for the top 25% stood at INR 1.17 lac and the top 10 percentile at INR 1.46 lac.
This represents a 20.4% increase in the average stipend offered last year at INR.62,264 in comparison to last year’s average stipends. More than 50 companies participated in the process and made multiple offers. According to IIM-V officials, these figures broke all their previous records and set new benchmarks.
IIM-V Director Prof M Chandrasekhar reportedly said that it is a fitting recognition of the talent of the students of the Institute.
Sectors like information technology, banking, financial services and insurance (BFSI), EdTEch, manufacturing, fast-moving consumer goods (FMCG), hospitality, and infrastructure participated in the internship process.
Some of the recruiters are Bosch, Dalmia Bharat, ICICI Lombard, IOCL, Lubrizol, MTR, Modern Foods, Outlook, RBI, TAFE, TATA AIG, V-Guard, and Yes Bank, to name a few in the domain are sales & marketing, product management, analytics, human resources, and finance & operations.
About IIM V: IIM Visakhapatnam is a public business school & 3rd generation IIM located in Visakhapatnam, Andhra Pradesh established in August 2015. It offers PGP, PGPDGM ,PGPx & PhD programs. Visakhapatnam (also known as Vizag) is the largest city and the Executive capital of the Indian state of Andhra Pradesh.