IIM-Indore MBA batch attracts highest package of Rs 1.14 cr

Indore | IIM Indore placement session this year has witnessed the highest package of -- Rs 1.14 crores per annum-- ever offered by a domestic company, that too, to 12 students. This is the first time ever in the history of IIMs that a domestic company hired 12 students at over Rs 1 crore per annum package.

"Despite the challenges posed by unfavourable macroeconomic conditions, this placement drive witnessed an overwhelming success, with over 160 recruiters doling out offers to 568 students from the two year Post Graduate Programme (PGP) and Integrated Programme in Management (IPM)," said a release of IIM Indore here on Wednesday.

The average compensation offered this year stood at 30.21 LPA, increasing by 20.8% year-on-year. The median compensation, stood at 27.20 LPA, an increase of 12.9% as compared to the previous year. The highest domestic package offered was 1.14 crores per annum, witnessing an exponential rise of 132.6% from the previous year.

This year, the institute forged ties with 80+ new recruiters, including Aarti Industries, Adani Group, African Industries Group, Alkem Laboratories, AM/NS, AmbitCapital, Bira91, BlackRock, CavinKare, CITIBank, DCMShriram, Delhivery, DISYS, Dolcera, Edelweiss Alternative Asset Advisors, Exide Industries, EXL Analytics, EYParthenon, Genpact, Haleon, HCLTech, Houlihan Lokey, ICRA, IIFL Wealth & Asset Management TATA Communications, TATA Motors, Tolaram, Trident Group, TVS Capital Funds to name a few.

29% of the batch attracted offers from eminent firms such as Accenture Strategy, Accenture Tech Consulting, Acuvon Consulting, Aspect Ratio, Avalon Consulting, Bain & Company, Boston Consulting Group (BCG), Deloitte India, Deloitte USI, Everest Group, Eversana, Ernst & Young, EYParthenon, GEP Worldwide, HCL Tech, Infosys Consulting, Kearney, KPMG, McKinsey & Company,MXV Consulting, PwC India, PwC US Advisory, RedSeer Consulting, Samagra, and Vector Consulting.

18% of the total offers came from the finance space, while 19% of the batch bagged offers in General Management, HR, Leadership and Operations.

Consulting, Banking, Financial Services and Insurance (BFSI), and Technology, Media & Telecommunications (TMT) sectors saw the highest participation, accounting for over three-fourths of the total offers.

IIM-Indore director Prof. Himanshu Rai congratulated the participants for securing excellent placements and extended his best wishes for their future prospects.