IIM Visakhapatnam records 100% Placement 2018: Average Salary up at Rs.12.07 lakhs; Final placement over in shortest time

IIM Visakhapatnam placement 2018
Friday, March 16 2018, 03:06 PM
With the legacy of excellence and remaining the first among the many IIMs to complete final placement, IIM Visakhapatnam, one of the 7 newest IIMs which started operation with first batch in 2015-16, has reported yet again 100% placement with higher average salary for the PGP 2016-18 batch
Average salary for the top quartile offers is Rs. 16.29 Lakhs per annum (LPA), and the top half is Rs. 14.14 LPA. The average salary for the batch is Rs. 12.07 LPA

Continuing the legacy of remaining the first among the many IIMs to complete final placement, IIM Visakhapatnam, one of the 7 newest IIMs which started operation with first batch in 2015-16, has reported yet again 100% placement with higher average salary for the PGP 2016-18 batch.

Total students eligible for placement were 45 and including PPOs the total number of offers received are 50 from 42 recruiters.

This is the second batch at IIM Visakhapatnam and the placements at this B-school has surpassed many long established B-schools including IIMs who are yet to complete their final placement 2018.

Despite the increasing competition, the IIMV students have shown robust performance in attracting the country’s premier companies. The industry has offered diverse profiles and niche roles. The Final Placement Process for IIM Visakhapatnam was on rolling basis held on campus, and the Institute witnessed 42 companies participating in the process and multiple offers being rolled out.

Key Placement trends
With their efforts in summer internship and corporate competitions, 18% of the students received PPO/PPIs. The average salary for the top quartile offers is Rs. 16.29 Lakhs per annum (LPA), and the top half is Rs. 14.14 LPA. The average salary for the batch is Rs. 12.07 LPA while the median stood at Rs. 11.70 LPA. Major roles offered were Sales & Marketing (44.4%), Consulting (11.1%) and General Management (8.9%).

Other key roles included Finance, Analytics and Strategy (each 6.7%), and, Product Management, FinTech and Operations (each 4.4%) and Human Resources (2.3%). 

Top Recruiters
Reputed companies from the BFSI sector such as ICICI Lombard, HDFC Bank participated in the process and offered roles in Product Management, Analytics, Sales & Marketing domains. One of the big four consulting firms, KPMG recruited students for their Government Advisory and Strategy & Operations Consulting practice.

Leading FMCG company Amul recruited students in the domain of Sales & Marketing. Infrastructure giant GMR extended offers for its Management Trainee program in Operations domain.

One student bagged an off-campus offer from Deloitte Consulting. Engineering and Electronics multinational Bosch, IT/ITES companies like Sutherland Global Services, TechAspect, Click Labs offered roles in General Management, Business Development, Strategy and Digital Marketing domains. Analytics and Decision sciences firms like MuSigma, Perceptive Analytics made attractive domain-specific roles.

Reaffirming its faith in the Institution, Government of Andhra Pradesh (GoAP) recruited once again the IIMV students for their Vision Management Unit. Three students were selected for the prestigious fellowship programs of GoAP. The season also witnessed participation from various companies of other growing sectors like education, luxury goods and e-commerce

Domain-wise Placement
IIM Visakhapatnam has recorded highest placement offers in the Sales and Marketing domain. The details are:

Domain
Number of offers
Sales & Marketing
20
Consulting
  5
General Management
  4
Analytics
  3
Strategy
  3
Finance
  3
Fintech
  2
Operations
  2
Product Management
  2
HR
  1

IIM Visakhapatnam is the only one among the 7 newest IIMs that has announced and shared the Final Placement report for the PGP batch 2016-18. The achievement is more significant as IIM Visakhapatnam has been able to place its students across companies, sectors and industries, before their convocation to be held shortly.

Sharing happiness over the 100% placement for the second batch, Prof. M Chandrasekhar, Director, Indian Institute of Management, Visakhapatnam said, “Our students have once again done us proud by their stellar performance in the placements. We thank our illustrious recruiters for the trust and confidence reposed in the Institute for the second consecutive year and compliment our students, for living up to those expectations admirably. Mentoring by IIM Bangalore and facilitation by the Career Development Services team under strong and proven leadership are the key enablers of our success. Our special thanks to the Government of AP for offering to our students this year too, exciting and challenging roles. Overall, the recognition, rewards and roles won by our students are truly praise-worthy.”

IIM Visakhapatnam is one of the 7 newest IIMs that started operation in 2015-16 and is the 1st IIM among its peers to achieve and report 100% final placement for its second batch. IIM Visakhapatnam came into being in 2015 as one of the 6 IIMs announced in the Union Budget 2014. While 5 of the 6 IIMs got finalized in the Budget 2014, the fate of IIM Visakhapatnam took the final shape in the Budget 2015 till then it remained a Government Ordinance entity. IIM Bangalore is the mentor IIM to IIM Visakhapatnam. The temporary campus at IIM Visakhapatnam doesn’t have on campus hostel accommodation and candidates are accommodated to off campus hostel accommodation.

Classes at IIM Visakhapatnam are held at the temporary premises allotted to it at Andhra University campus and will continue at the temporary campus till the 300 acre campus of IIM Visakhapatnam gets ready.

IIM Visakhapatnam is about to begin its final admission process and is sending e-mails to the eligible candidates to confirm their interest in IIM Visakhapatnam. After receiving the confirmation of interest IIM Visakhapatnam will conduct PI-WAT round. The minimum qualifying CAT 2017 percentile cut off as announced by IIMV for the shortlist is 90.

 Stay tuned to MBAUniverse.com for more updates on IIM Visakhapatnam

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