Indian Institute of Management - Indore (IIM-I) on Wednesday announced its final placements for the batch of 2016 with the overall average cost to company (CTC) going up by 10% compared to last year. Finance has emerged as the leading sector with around 150 offers from recruiters such as American Express, Axis Bank, Bank of America, Edelweiss.
However, the highest domestic package slipped to Rs 32 lakh per annum this year from Rs. 35 lakh last year, while the highest international package stood at Rs. 30 lakh per annum as compared to Rs. 43.6 lakh the previous year.
This year, a total 162 recruiters including 53 first time recruiters, provided offers to 617 participants, the largest across all IIMs. The batch includes 447 postgraduate programmme - Indore, 64 postgraduate programmme Indore - Mumbai Campus participants along with 106 participants from the first batch of the fiveyear Integrated Programme in Management (IPM).
The highest domestic package was Rs 32 lakh per annum, while the highest International package stood at Rs 30 lakh per annum.
The first graduating batch of IPM participants bagged offers from recruiters like Credit Suisse, Deloitte, Nomura, JP Morgan, HDFC, IndusInd Bank, IBM, ICRA Management Consulting, Tata Sky, UAE Exchange among others.
With majority of offers being rolled out from finance domain, the average salary of the batch stood at Rs. 11.96 lakh per annum, including international offers.
Commenting on the placements, Prof Rishikesha T Krishnan, director of IIM Indore said, “Our endeavour is to be a contextually-relevant business school with world class academic standards. We seek to combine both scale and quality. I am delighted to see validation of our approach with more than 600 of our 2-year PGP and 5-year IPM graduates accepted by leading companies across sectors for challenging managerial positions this year.”