Indore: Average pay package for IIM students increases by 14%

While there was a seven percent increase in the number of participants in the recruitment drive at the Indian Institute of Management Indore (IIM-Indore), the average pay package offered to students rose by 14 percent this year.

While there was a seven percent increase in the number of participants in the recruitment drive at the Indian Institute of Management Indore (IIM-Indore), the average pay package offered to students rose by 14 percent this year.

The last phase of the placements at the premier business school was held on Friday with 508 students -including those from the Mumbai campus - participating in the recruitment drive.

The highest international pay package was Rs 43.6 lakh per annum - an increase of Rs 6.6 lakh per annum from last year- while the highest domestic package was Rs 35 lakh per annum, Rs 3 lakh more than last year.

About 130 companies - including 42 first time recruiters - recruited from this year's batch, which is considered the largest across IIMs.

This year, finance domains made the highest offers (26%) followed by sales and marketing (24%), and consulting (23%). The remaining 27% came from general management (11%), IT/ITES (9%), and operations and HR (7%).

There were a total of 93 preferred provider organisations (PPOs), a 52% increase when compared to last year.

Consulting was another attractive domain with leading global consulting firms like Boston Consulting Group, Deloitte, Ernst & Young, KPMG and McKinsey Co. recruiting this year.

Cognizant Business Consulting, Infosys Management Consulting, KPMG and TCS Global Consulting rolled out double digit offers across multiple divisions.

Deutsche Bank, Goldman Sachs, J.P. Morgan and Royal Bank of Scotland together made more than 40 offers. Reflecting the growing importance of big data and analytics, this year saw the participation of prominent firms like Cognilytics, Cognizant Analytics, CRISIL, Dell Global Analytics and ZS Associates.

Major conglomerates such as General Electric, Larsen & Toubro, Mahindra & Mahindra, Reliance Industries and RPG Group offered diverse roles in finance and general management.

Cinepolis, Coffee Day Beverages, D.E. Shaw, DHL, Fidelity Investments, Future Group, Hexaware, Indus Valley Partners, Kansai Nerolac, Mogae Media, Tata Communications and ZS Associates were among the first time recruiters this year. Google and IBM were the prominent recruiters in the technology sector.

Director of the institute Prof Rishikesha T Krishnan said: "IIM Indore has emerged as one of the preferred recruitment destinations for companies across diverse sectors, reaffirming the institute's position among top business schools. The participants have also shown commendable enthusiasm in opting for roles in emerging sectors like e-commerce and analytics."