IIM Amritsar & IIM Visakhapatnam conclude Summer placement 2017; 5 new IIMs yet to complete the process

IIM Amritsar and IIM Visakhapatnam are the only 2 out of 7 newest IIMs who have completed their summer placement for the 2016-18 batch. Other 5 IIMs namely IIM Bodhgaya, IIM Nagpur, IIM Jammu, IIM Sambalpur, IIM Sirmaur are yet to complete their summer placement. However none of the newest IIMs have been able to complete their final placement 2017.
IIM Amritsar
For the second consecutive year, IIM Amritsar carved out its place in the elite league of B-schools across the country by achieving 100% placement for its largest ever batch of 104. The batch size of IIM Amritsar is almost twice that of the other 3G IIMs like IIM Nagpur, IIM Visakhapatnam, IIM Sirmaur, IIM Sambalpur, IIM Bodhgaya which started their operations in 2015. The institute not only achieved 100% placements but in the process, also recorded a Y-O-Y growth of a whopping 49.6% in terms of average stipend to INR 49,680.
Highest & Average up
With a bold move to double the batch intake to 105 in its very second year of operations, IIM Amritsar has been overwhelmed by the phenomenal response it received from the industry. The highest stipend offered to the students was of INR 1.1 Lakh. The average stipend of the top 10% of the offers stood at INR 97,000 whereas the average stipend of the top 25% of the offers was INR 77,360.
Inspite of a large batch size, there were many students who received multiple offers. In total 122 offers were made to the students who participated in the process.
Top recruiters
Summer Placements witnessed participation of a total 51 companies. E&Y emerged as the largest recruiter, followed by many prominent industry names like ICICI Lombard, Maruti Suzuki, ShopClues, Toyota, SBI, EXIM Bank, Adani, DHFL Pramerica, PayU, IFFCO, Tega, RBI, Canara Bank, Adani, Kirloskar, Yum Brands, Muthoot Finance, L&T, MCX, ACS, Keventers, Choco-Swiss etc.
Many students showed akeen interest in pursuing their internships in startups like EPS, Blink, eVidyaloka, BigStylist etc to get an opportunity to work with some of the most innovative and entrepreneurial minds in the country.
The hot pick among the roles were Marketing and Consulting Advisory which constituted approximately 50% of the total offers. The students bagged niche roles in diverse fields such as modern trade, social media strategist, market place analytics, aviation marketing etc. Finance, Operations, Data Analytics Strategy and HR constituted the rest of the offers.
Prof. Kulbhushan Balooni, Director (In-charge), Indian Institute of Management Kozhikode & Mentor Director, IIM Amritsar, said, Increasing the batch intake from 49 to 105 in the second year of inception, had its own challenges. There were lot of speculations regarding this move but we strongly believed that with bigger batch strength, learning will be better, as this increases competitive nature among them. Perseverance for hard work and zeal to succeed among the student fraternity along with the strong support from IIM K, the mentor institution, made this giant leap possible. The resounding success of this placement season stands testimony to the student quality of the institute.
IIM Visakhapatnam
IIM Visakhapatnam, one of the newest IIMs, has again recorded 100% summer placement with all paid internships in variety of sectors and domains with different leading roles. The second summer placement process at IIM Visakhapatnam again received industry support with all 48 participating students receiving paid internships. One student opted out in order to pursue his own initiatives.
Marketing, Strategy and General Management were among the dominant roles offered to the students. Other roles include Business Development, Sales, Corporate HR, and Operations.
Top recruiters
Top recruiters include HSBC, ICICI Lombard, Bosch, Cloudtail, Dr. Reddys, Biocon and Sutherland Global Services. Companies like Directi, Sutherland, Furdo, Techfront were some of the recruiters who visited last year as well. Students secured internships in a wide range of domains including Marketing, General Management, Strategy, Finance, Operations and HR.
Top Recruiters at IIM Visakhapatnam



Company name

Number of students




Vision Management Unit (GoAP)


6




Bosch India


5




Higher Education Department (GoAP)


4




Biocon


3




ePathshala


3




Furdo


3




ICICI Lombard


3




Sutherland Global Services


3





Summer placements at IIM Vizag happened under two processes. One process saw recruiters visiting the IIM Visakhapatnam campus for face-to-face interaction with students or conducting interviews over video-conferencing platforms. This was a rolling process and culminated in internship offers for 21 students.
For the other process, the students visited IIM Bangalore, the mentor institute for IIM Visakhapatnam and participated in IIM Bangalores summer placement process during the last week of October 2016. IIM Bangalores Placements Committee assisted the IIM Visakhapatnam students during the process and 27 students of the batch secured internship offers in this process.
The conclusion of summer placement at IIM Amritsar and Visakhapatnam for their second batch has raised hope among the aspirants and for those who were in a dilemma whether to join the newest IIMs as they can now take a clear decision to join the newest IIMs.
Commenting on the season, Professor Ganesh Prabhu, Chairperson, Career Development Services, IIM Bangalore, said The excellent performance of the first batch of IIMV in their summer internships has resulted in pre-placement offers and renewed interest in the IIMV interns available this year.
Stay tuned to MBAUniverse.com for more updates on newest IIMs Placements
Description
IIM Amritsar and IIM Visakhapatnam are the only 2 out of 7 newest IIMs who have completed their summer placement for the 2016-18 batch. Other 5 IIMs namely IIM Bodhgaya, IIM Nagpur, IIM Jammu, IIM Sambalpur, IIM Sirmaur are yet to complete their summer placement. However none of the newest IIMs have been able to complete their final placement 2017.
IIM Amritsar
For the second consecutive year, IIM Amritsar carved out its place in the elite league of B-schools across the country by achieving 100% placement for its largest ever batch of 104. The batch size of IIM Amritsar is almost twice that of the other 3G IIMs like IIM Nagpur, IIM Visakhapatnam, IIM Sirmaur, IIM Sambalpur, IIM Bodhgaya which started their operations in 2015. The institute not only achieved 100% placements but in the process, also recorded a Y-O-Y growth of a whopping 49.6% in terms of average stipend to INR 49,680.
Highest & Average up
With a bold move to double the batch intake to 105 in its very second year of operations, IIM Amritsar has been overwhelmed by the phenomenal response it received from the industry. The highest stipend offered to the students was of INR 1.1 Lakh. The average stipend of the top 10% of the offers stood at INR 97,000 whereas the average stipend of the top 25% of the offers was INR 77,360.
Inspite of a large batch size, there were many students who received multiple offers. In total 122 offers were made to the students who participated in the process.
Top recruiters
Summer Placements witnessed participation of a total 51 companies. E&Y emerged as the largest recruiter, followed by many prominent industry names like ICICI Lombard, Maruti Suzuki, ShopClues, Toyota, SBI, EXIM Bank, Adani, DHFL Pramerica, PayU, IFFCO, Tega, RBI, Canara Bank, Adani, Kirloskar, Yum Brands, Muthoot Finance, L&T, MCX, ACS, Keventers, Choco-Swiss etc.
Many students showed akeen interest in pursuing their internships in startups like EPS, Blink, eVidyaloka, BigStylist etc to get an opportunity to work with some of the most innovative and entrepreneurial minds in the country.
The hot pick among the roles were Marketing and Consulting Advisory which constituted approximately 50% of the total offers. The students bagged niche roles in diverse fields such as modern trade, social media strategist, market place analytics, aviation marketing etc. Finance, Operations, Data Analytics Strategy and HR constituted the rest of the offers.
Prof. Kulbhushan Balooni, Director (In-charge), Indian Institute of Management Kozhikode & Mentor Director, IIM Amritsar, said, Increasing the batch intake from 49 to 105 in the second year of inception, had its own challenges. There were lot of speculations regarding this move but we strongly believed that with bigger batch strength, learning will be better, as this increases competitive nature among them. Perseverance for hard work and zeal to succeed among the student fraternity along with the strong support from IIM K, the mentor institution, made this giant leap possible. The resounding success of this placement season stands testimony to the student quality of the institute.
IIM Visakhapatnam
IIM Visakhapatnam, one of the newest IIMs, has again recorded 100% summer placement with all paid internships in variety of sectors and domains with different leading roles. The second summer placement process at IIM Visakhapatnam again received industry support with all 48 participating students receiving paid internships. One student opted out in order to pursue his own initiatives.
Marketing, Strategy and General Management were among the dominant roles offered to the students. Other roles include Business Development, Sales, Corporate HR, and Operations.
Top recruiters
Top recruiters include HSBC, ICICI Lombard, Bosch, Cloudtail, Dr. Reddys, Biocon and Sutherland Global Services. Companies like Directi, Sutherland, Furdo, Techfront were some of the recruiters who visited last year as well. Students secured internships in a wide range of domains including Marketing, General Management, Strategy, Finance, Operations and HR.
Top Recruiters at IIM Visakhapatnam



Company name

Number of students




Vision Management Unit (GoAP)


6




Bosch India


5




Higher Education Department (GoAP)


4




Biocon


3




ePathshala


3




Furdo


3




ICICI Lombard


3




Sutherland Global Services


3





Summer placements at IIM Vizag happened under two processes. One process saw recruiters visiting the IIM Visakhapatnam campus for face-to-face interaction with students or conducting interviews over video-conferencing platforms. This was a rolling process and culminated in internship offers for 21 students.
For the other process, the students visited IIM Bangalore, the mentor institute for IIM Visakhapatnam and participated in IIM Bangalores summer placement process during the last week of October 2016. IIM Bangalores Placements Committee assisted the IIM Visakhapatnam students during the process and 27 students of the batch secured internship offers in this process.
The conclusion of summer placement at IIM Amritsar and Visakhapatnam for their second batch has raised hope among the aspirants and for those who were in a dilemma whether to join the newest IIMs as they can now take a clear decision to join the newest IIMs.
Commenting on the season, Professor Ganesh Prabhu, Chairperson, Career Development Services, IIM Bangalore, said The excellent performance of the first batch of IIMV in their summer internships has resulted in pre-placement offers and renewed interest in the IIMV interns available this year.
Stay tuned to MBAUniverse.com for more updates on newest IIMs Placements
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IIM Amritsar & IIM Visakhapatnam conclude Summer placement 2017; 5 new IIMs yet to complete the process
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Out of 7 newest IIMs, IIM Amritsar and IIM Visakhapatnam have successfully concluded with paid internships for their students for the batch 2016-18
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Out of 7 newest IIMs, IIM Amritsar and IIM Visakhapatnam have successfully concluded with paid internships for their students for the batch 2016-18