Wednesday, December 1, 2021
Andhra PradeshIIM Vizag scales new peaks in stipends

IIM Vizag scales new peaks in stipends

Published: 12th Mar 2021 7:08 pm

Visakhapatnam: IIM Visakhapatnam has lived up to its name and completed 100% summer placement for the MBA batch of 2020-2022. The students have been offered niche roles with industry leaders and few have even gone ahead to create history with respect to the stipends and the roles offered. Sustained success is a way of life at IIM Visakhapatnam and its students have proved this once again.

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Held on a rolling basis, the summer placement season witnessed more than 50 companies participating in the process and making multiple offers.

With the highest stipend at Rs.2.0 lakh, stipend for the for the top quartile at Rs.1.17 lakh and the top 10 percentile at Rs.1.46 lakh, IIM Visakhapatnam witnessed a steep increase of 20.4% in the average stipend offered compared to last year at Rs.62,264. These figures broke all previous records and set new benchmarks.

The season witnessed participation from companies from high-growth sectors like IT, BFSI, EdTech, Manufacturing, FMCG, Hospitality, and Infrastructure to name a few. Some of the prominent recruiters who participated and hired from IIM Visakhapatnam are Bosch, Dalmia Bharat, ICICI Lombard, IOCL, Lubrizol, MTR, Modern Foods, Outlook, RBI, TAFE, TATA AIG, V-Guard, Yes Bank, to name a few. All the recruiters offered roles in different management functions ranging across various domains like Sales & Marketing, Product Management, Analytics, HR, Finance & Operations.

Expressing his delight, Prof. M Chandrasekhar, Director of the Institute, said that it’s a fitting recognition of the high talent of the students. The record-breaking performance did not come as a surprise as the students had been regularly winning in style several tough competitions held pan-India organized by reputed business schools, he stated.

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