Despite Covid challenges, IIM-Vizag achieves 100% final placements in virtual hiring
Despite the Covid-19 impact and the subsequent market slowdown this year, the final placement season of the Indian Institute of Management-Visakhapatnam (IIM-V) has been completed with 100% placements for the fifth consecutive year. The entire process was conducted in virtual mode due to the pandemic.
Held on a rolling basis, the placement season witnessed more than 100 companies participating in the process and making multiple offers with 72 new recruiters offering roles across various domains, including consulting, BFSI, strategy, sales & marketing, HR, IT, and analytics.
Director, IIM-Visakhapatnam, Prof M Chandrasekhar attributed the institute’s achievement to the high-quality learning outcomes facilitated by the largest cohort of faculty among the new generation IIMs. Prof Chandrasekhar hailed the students for quickly adapting themselves to the online mode of classes during the pandemic and leveraging it gainfully to excel academically, evolve emotionally, and emerge successfully.
“There has been an overwhelming increase in the number of recruiters willing to partner with the Institute. This institute has made rapid strides just within a few years since its inception and that continued in 2020-21, notwithstanding the challenges posed by the pandemic,” said Prof Chandrasekhar.
Chairperson – Career Development Services & Alumni Relations, Prof Saroj K Pani, expressed his gratitude to all the recruiters who have reposed their faith in the students of IIM-V despite the challenges created by the ongoing pandemic situation. He thanked the student Placement Committee members, faculty colleagues, CDS office, associated staff, and all other stakeholders for this achievement during one of the most challenging times B-Schools have come across in the recent past.
Accounting for 39% of the total placements, IT/ITES continued to bet big on new talent, followed by BFSI (12%). The other sectors were manufacturing (11%), fintech (4%), consulting (4%), edtech (4%), logistic services (4%), FMCG (3%), e-commerce (2%), luxury (1%) and digital media (1%).
Some of the prominent recruiters include Amazon, Amul, Anand Rathi, AU Bank, BlueStar, Byju’s, Deloitte, ESAF Bank, Foxconn, Franklin Templeton, HCL, ICICI Lombard, ICICI Prudential, Inmobi, KPMG, MuSigma, MTR, NCR Corporation, SBI GI, TA Digital, TATA AIA, TATA Power, Tech Mahindra, TVS Motors, YES Bank and Zetwerk.
An elated Placement Committee said; “This year has been no ordinary year, with challenges being thrown at the students from all around. But the grit and perseverance shown by the batch helped us achieve this feat, and the increased number of recruiters bears testimony to this fact. We are very thankful to our recruiters for giving us exciting opportunities even in these turbulent times. We hope to establish long-term relations with our recruiters and hope that our student cohort in entirety will contribute its best to these esteemed organizations.” Source: The Times of India