The Indian Institute of Management Udaipur (IIMU) has completed its summer placement for the Post Graduate Programme of 2018. Of the 181 students in the batch, 157 sought placements through the institute and eight opted for the summer entrepreneurship programme offered by IIMU.
A total of 46 companies made offers for summer internships, an increase of 9.5% over the previous year. Regular recruiters included General Electric, RBL Bank, Amul, Xpress Money, NMC Healthcare, Snapdeal and ICICI Bank while 18 new companies joined the list.
The average stipend offered stands at INR 52,653 while the highest stipend offered jumped to INR1,60,000, a 10% rise over the previous year.
The average stipend offered to the top 10 percentile increased by 5.3% over the previous year to INR 1,30,497.
The average stipend offered to top 25 percentile students stands at INR 1,06,100 and for the top 50 percentile it is INR 81,366.
All figures are for the entire duration of the internship.
This year also witnessed a 100% increase in the number of international placements with 14 students bagging offers outside India. The average stipend for the international placements is INR 1,08,425 for the two months excluding benefits such as accommodation and travel.
Of 71 offers, the highest number of roles were in the sales and marketing domain. Amul, Berger Paints, Cummins, Titan, United Breweries, ICICI Bank, PNB Metlife and Decathlon were the prominent offering these roles.
The number of offers in the finance doubled to 24. RBL Bank, Yes Bank, GE and United Biscuits were the prominent hiring companies for finance. The formidable performance of the institute in summer placements this season is further exemplified by the presence of companies operating in niche sectors such as fintech (financial technology) which hired 16 students.
Twenty-three offers were made in the consulting/strategy domain where major recruiters were NMC Healthcare, Genpact and Bosch India.
Source: The Economics Times