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IIM Visakhapatnam records 100% placement with highest offer of Rs 16 lakh, details inside

The Indian Institute of Management (IIM) Visakhapatnam recorded 100 per cent placement for the batch of PGP 2016-18.

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The Indian Institute of Management (IIM) Visakhapatnam recorded 100 per cent placement for the batch of PGP 2016-18. 

This is the second time in a row that the institute has recorded 100 per cent placement.

IIM Visakhapatnam started its operations three years ago, another achievement which the institute registered under its name is that this year the institute recorded one of its highest placements ever. 

The highest offer received by a student at the institute is of over Rs 16 lakh while the average salary for the batch was Rs 12 lakh per annum.

"The average salary for the top quartile offers is Rs. 16.29 lakh 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. The dominant 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%)," the institute said. 

This year IIM Visakhapatnam welcomed ace recruiters like ICICI Lombard, HDFC Bank, KPMG, Amul, Deloitte Consulting, GMR, MuSigma in its campus. 

KPMG recruited students for its Government Advisory and Strategy and Operations Consulting practice, while Amul recruited for its sales and marketing unit.
 
Prof. M Chandrasekhar, Director of IIM 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 compliments 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. Bravo!" 

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