The institute of national importance also broke its previous record for getting the highest average package at 14.6 lakhs per annum (16% from last year) and average 15 LPA (25% from last year). The highest salary package stood at Rs 23.5 LPA, which is 13% higher than the previous season.
Director, IIM-Visakhapatnam, Prof M Chandrasekhar said that recruiters from across the industry reinforced their belief in the distinctive quality of students of IIM-V. “They offered higher packages for coveted roles, pushing annual packages north. The lucrative opportunities offered to students are a good cause for celebration, with the top 50% of students receiving an average package of 16.7 LPA (11% from last year). The top 25% have got an average package of 18.07 LPA (up 5% from last year) and the top 10% have got an average package of 20.13 LPA (up 7% from last year),” said Prof Chandrashekhar. “The Institute attributes the success of this placement achievement to the unwavering support of its esteemed employers, the effort and determination of its Student Placement Committee as well as the potential and enthusiasm of its students. Held on a rolling basis, the placement season saw over 75 companies participate in the process and 40+ new employers with multiple offers across various domains including Consulting, Strategy, Finance, Product Management, Sales & Marketing, Human Resources, Information roles were offered. Technology and Analytics, etc. There has been a huge increase in the number of employers willing to partner with the institute, which is an indication that it has made rapid progress despite the challenges posed by the pandemic,” said the IIM-Vizag director.
The Chairperson, Career Development Services and Alumni Relations, Prof. Deepika Gupta expressed her gratitude to all the recruiters who have reposed their faith in the students. “With the economy slowly picking up again, there are new and exciting opportunities that are unfolding across sectors. It is an added satisfaction to see the 2020-22 batch overcome the headwinds of the pandemic, in learning, un-learning and re-learning things, and quickly adapting themselves to the new normal,” said Prof Deepika Gupta.
“Students mastered the science and art of dealing with online academic sessions and virtual placement processes. There are also companies that travel far and wide to visit our campus, reflecting their eagerness to recruit our talent. It is indeed a matter of happiness that the batch has done exceptionally well by breaking records apart from achieving 100% result. It was a new learning experience not only for the students but also for the institute to be resilient and responsive with restructured systems, processes and infrastructure to counter the adverse effects of COVID-19. All I can say is that we are better prepared for the future”, said Professor Deepika Gupta.
Professor Chandrashekhar, Director, IIM-Vizag said that the students have given him a perfect gift on New Year’s Eve. “The competence and confidence of our students is a winning combination. Facilitating a close relationship between what is required and what is taught, our faculty group bears the symbiosis of its teaching, pedagogy and technology, which students Leveraged. He has set new benchmarks of success. This will deepen the culture of aspirational performance in the institute,” said Prof. Chandrashekhar.
This year, banking, financial services and insurance sectors (31%) bet big on new talent, followed by IT/ITES (26%), consulting (25%), e-commerce (7%), manufacturing (5%). ), and FMCG (3%). Other sectors such as health, construction, digital media and education account for 3% of the total placements.
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