IIM Visakhapatnam Summer Placements 2019: IIM Visakhapatnam has concluded the Summer Placements for the PGP Batch of 2018-20. IIM Visakhapatnam has achieved a 100% record in the IIM Visakhapatnam Summer Placements 2019. A total of 104 students bagged the internship offer letters from top companies. Out of the total 104 students in the batch, all participating 103 students received summer internship offers with 3 off-campus offers. The Highest Stipend offered stood at INR 2.5 lakh. The Average Stipend of the top quartile stood at INR 93,200 while the average for the entire batch stood at INR 50,630, breaking all the previous year records.
Sales & Marketing contributed 34% of the total offers made followed by General Management 23%, Strategy & Advisory 19%, and Customer Relationship Management 15%. Finance, Operations, and Product Management accounted for 9% of the offers made.
Leading consulting firm KPMG recruited students for their Advisory role. In the BFSI sector recruiters like Yes Bank, ICICI Lombard and HDFC Bank offered roles across Customer Relationship Management, Wholesale Marketing, Underwriting, and Business Development. Multinational conglomerate Bosch offered roles in various domains like General Management, Sales & Marketing, and Product Management. The Bengaluru headquartered full-service Landholding Development Company, Century Real Estate recruited for their strategy role.
Multinational firms that included the Engineering and Construction giant L&T and the industry pioneer UltraTech under the Aditya Birla Group banner, were the first-time recruiters at IIM Visakhapatnam Summer Placements. Impressed by the quality of the talent pool, they turned out to be the major hires.
FMCG companies like Amul and reliable brands like Neway Paints also chipped in and made offers in Business Development domain. Some of the leading Business-Process Service companies like Sutherland and Conduent recruited students for the coveted roles of Operational Excellence. Blue-chip Central Public Sector Enterprises IOCL and HPCL signed up students for operations and marketing domains.
This IIM Visakhapatnam Summer Placements season also witnessed interest from other sectors like logistics, stock-broking, social and financial inclusion. Well-funded start-ups in the Fintech and Education domains also hired students for their key roles.
IIM Visakhapatnam Summer Placements: Key Highlights
|Total No. of Students Bagged Internship Offers||104|
|Highest Stipend||INR 2.5 Lakh|
|Average Stipend of the top quartile||INR 93,200|
|Average Stipend||INR 50,630|
|Section-wise Placement Percentage||Sales and Marketing – 34%
Strategy and Advisory – 19%
General Management – 23%
Finance, Operations and Product Management – 9%
|Top Recruiters in KPMG Sector||Yes Bank, HDFC Bank, ICICI Lombard|
|FMCG||Amul, Neway Paints|
|Other Major Recruiters||Bosch, Century Real Estate, L&T, Ultratech, Aditya Birla Group, HPCL, NISG, IOCL|
IIM Visakhapatnam Summer Placements: Sector-wise Offers
IIM Visakhapatnam Summer Placements: Role-wise Break-up
|Sales & Marketing||34|
IIM Visakhapatnam Summer Placements: Recruiters
BFSI & IT/ITES
Companies that took part in the IIM Visakhapatnam Summer Placements from the BFSI sector included Yes Bank, ICICI Lombard, HDFC Bank, Bosch, IT/ITES companies like Intuit India & Sutherland Global Services who offered roles in General Management, Sales, Marketing, and Product Management. The roles offered by IDFC Bank included Customer Relationship Management, Sales, Underwriting and Business Development.
Popular FMCG Companies for the IIM Visakhapatnam Summer Placements included giants like Amul, Berger Paints, and Neway Paints who extended offers in Business Development and Operations. Leading healthcare service provider Rainbow Hospitals recruited students for Operations & Strategy role. Under the educational sector, firms like T.I.M.E and Next Education recruited students for Digital Marketing and Product Management roles.
Along with the above companies, IIM Visakhapatnam Summer Placements saw many Government sector organizations as well for the placement drive. The Government of Andhra Pradesh recruited interns for their prestigious summer fellowship program for the Commissionerate of Collegiate Education. NISG, incorporated by the Government of India and NASSCOM, recruited students for their e-governance initiative. Public sector undertaking HPCL recruited for their operations domain.
The Post Graduate Programme in Management (PGP) of IIM Visakhapatnam is a Master’s level program. With effect from 2018, IIM Visakhapatnam has started awarding MBA degree to the PGP students instead of the diploma. The two-years Post-Graduate Programme (PGP) at IIM Visakhapatnam has been accorded equivalence with Master’s degree of an Indian University by the Association of Indian Universities (AIU) for the purpose of admission to higher studies.
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 Budget 2015 till then it remained as Government Ordinance entity. IIM Bangalore is the mentor IIM to IIM Visakhapatnam. Under the IIM Act 2017, effective from January 31, 2018, the Institute has become a body corporate and declared as an Institution of National Importance.