Inspired by the fabled Dehradun-based Indian Military Academy (IMA), that transforms a young lad into a first-rate Officer, Bengaluru based IFIM Business Schools is set out on a similar mission - but with a twist. Armed with the AACSB Accreditation, a top global quality benchmark that only seven Indian B-schools like IIM Calcutta have, IFIM is transforming an average MBA aspirant into a Corporate Professional at par with top B-schools. Given that IFIM doesn’t yet get the same talent to join as IIMs, this development is significant. With this record Placements 2019, IFIM is proving that it’s on right path.
Last opportunity to Apply to Top B-schools with CAT & XAT Scores
Love it or hate it, Placements are the litmus test for any B-school in India, including the top IIMs. Placements 2019 season is currently underway. Top 25 B-schools hope to finish placements by January 2019, while rest of the B-schools in top 50 hope to complete placements by March or so. But, IFIM has shared with MBAUniverse.com that it has already completed its Placements 2019 and the highest salary package offered is INR 16.64 lacs per annum (lpa) and the average salary package is INR 7.50 (lpa) while more than 30% of the students have been placed with an annual salary package of INR 7.0 lpa and above.
- More than 90 recruiters, including PwC, Deloitte, Oracle, Exim, Dell, Schindler, Cognizant, FedEx, Nestle, HDFC Bank, ITC, Ricoh, L’Oréal hired at IFIM this year
- Highest salary offered is INR 16.64 lpa
- Average salary is INR 7.50 lpa
- More than 30% of the students have been placed with an annual salary of INR 7.0 lpa and above.
- PricewaterhouseCoopers has recruited 40 Finance students
- For Internship, the highest stipend is Rs 62,500 per month by Schindler Group and the average stipend is Rs 25,000 per month
Leading recruiters across major industry sectors, such as Consulting, FMCG, Banking & Financial Services, KPO, Education, Automotive, Healthcare, Insurance, IT Services, Logistics, Manufacturing, Market Research, Media, Real Estate, and Retail participated in Placements 2019 at IFIM.
What leads to the visible success of Placements 2019 at IFIM? Answering this query, Dr Atish Chattopadhyay, Director, IFIM Business School said, “When it comes to the campus placement, the business schools in India follow the ‘Mela Model’ where on a single day, large number of companies vie for a group of students and every company wants to demonstrate that they recruited on the ‘Day Zero’ on the campus, and every school wants to demonstrate that they placed most of the students on the ‘Day Zero’. We have taken the first step towards moving out of a ‘Mela Model’ to an ‘Engagement Model’ and the outcome of this year’s placements is a testimony to the success of the shift we have attempted to bring in.”
Sectorwise breakup of Placements 2019 at IFIM Bangalore
While the highest number of students were recruited in the Consulting Services (33%), the IT services and the FMCG companies recruited 15% and 12% students, respectively. A complete sector-wise breakup is as below.
Top recruiters at IFIM
More than 90 recruiters, including many blue-chip companies, participated this year at IFIM Placements. Some of the prominent ones amongst them are: PwC, Deloitte, Oracle, Export Import Bank of India (Exim), Mu-Sigma, Dell, EXL, Caterpillar, Schindler, Dun and Bradstreet, Yes Bank, Schneider Electric, Cognizant, S & P Global, FedEx, Coffee Day Beverages, Dyson, Yum Brands, Wipro, Capital First, Sumeru, Nestle, Federal Bank, HDFC Bank, Statecraft, DHL, Toyota, Microland, ITC, Ricoh, L’Oréal, AAF India, Jockey (Page), Sharp, TUV Rhineland, Purnartha, Envision, and Decathlon. Some of the new age companies are ClearTax, Dvara, Capital Float, Merhaki Foods, Hunger Box, OYO, OSG, and IQVIA.
Interestingly, PricewaterhouseCoopers (PwC) recruited the highest 40 students from IFIM this year!
Specialization wise breakup of Placements 2019 at IFIM
An interesting trend at IFIM Placements 2019 was the dominance of Finance role with 50% students opting for the same. Traditional favourite marketing came next with 37% roles.
A specialization-wise breakup is provided below:
Dr Durgesh K Agarwal, Dean – Academics and Research, IFIM Business School said, “The rigorous model developed by us for corporate engagement eases the process of talent hunting for the corporate and career selection for the student. The delivery of this has been mastered by our faculty over the last five years and the results are clearly visible now.”
100% Placements for Industry Internship Program (IIP)
IFIM Business School also reported 100% completion for the PGDM 2017-19 batch for its internship process called the Industry Internship Program (IIP). The highest IIP stipend offered this year is INR 62,500 per month by the Schindler Group and the average stipend offered is INR 25,000 per month.
If you are wondering what is IIP, here is a short explainer: IFIM Business School’s IIP is a unique award-winning program with an extensive on the job learning of 4.5 months (longest among Indian business schools) right before the graduation (and not at the end of the first year, unlike most other business schools in the country). The entire duration of IIP is mentored by both faculty and corporate professionals to facilitate blended learning. Students are presented with real business problems at work and are expected to bring feasible solutions to the table. Over the years, majority of the students have received Pre-Placement Offers (PPOs) from the companies they interned with.
Established in 1995, IFIM Business School, Bangalore became only the sixth management institute in India to receive the prestigious accreditation from the AACSB International and is currently among the seven AACSB accredited institutes in India. IFIM Business School is uniquely positioned to cater to the needs of ‘Beyond Tomorrow’ by providing innovation-led solutions. The institute currently offers three AICTE approved and AACSB accredited programmes: One – two-year, full-time, residential Post Graduate Diploma in Management (PGDM) that is a bouquet of PGDM Finance (recognised by CFA Institute), PGDM Marketing and PGDM International Business; Two – Executive PGDM; and Three – PGDM for Working Professionals (WP).
PGDM Admissions 2019 Open
IFIM offers four 2-year MBA equivalent programs -- PGDM, PGDM (Finance), PGDM Marketing & PGDM (International Business). IFIM Admission process is currently open. Read more details and apply now. IFIM is also offering merit-based scholarships to deserving candidates.
Stay tuned to MBAUniverse.com for more updates on IFIM Business School