IIM-Vizag students get record stipends in summer placements – Times of India

Visakhapatnam: Despite the challenges posted by the COVID-19 pandemic, Indian Institute of Management-Visakhapatnam has completed the summer placement drive for MBA 2023 batch, with global firms offering internships to all its participating students . The highest stipend offered to a student was Rs 3.5 lakh for a two month internship, which is an increase of 75% as compared to the previous year. The average stipend for the entire batch is Rs 57,700.

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Professor M Chandrasekhar, Director, IIM-Visakhapatnam said that overcoming challenges is a way of life at IIM Visakhapatnam. “With the students combining resilience and determination with their ability and confidence, success is always given. I once again congratulate our young talent for making the institute proud. I firmly believe that our student-group Will make a useful contribution to the operations of our employers, to whom I thank wholeheartedly for the good learning opportunities provided,” said Prof Chandrashekhar.

Prof. Deepika Gupta, Chair, Career Development Services said that the taste of success is sweet, as 80% of the batches are fresh graduates. “The seemingly difficult task was easily achieved, with students quickly adjusting to the academic rigor online and demonstrating excellent performance. Let me take it on record that the able support of Placecom, CDS Office and other stakeholders helped us write this success story. Massive gratitude to the Sansthan family for their contribution in this high achievement,” said Prof. Deepika.

IIM-Vizag witnessed encouraging participation from new and existing employers spread across industries and domains. Held on a rolling basis, the Summer Placement Season saw over 60 companies participate in the process and make several offers. IT/ITES continued to bet big on fresh talent accounting for 27% of the total offerings, followed by BFSI (22%), Consulting (12%), Manufacturing (10%), EdTech (10%), E- Commerce (5%) and other sectors like FinTech and FMCG.

Major employers who have expressed confidence in the institute’s talent include Microsoft, KPMG, Yes Bank, ICICI Bank, Bosch, DE Shaw, Cognizant, Thermofisher, ICICI Lombard, Mahindra Logistics, Latent View Analytics, Dalmia Bharat, TVS Credit, ArcelorMittal Nippon Steel , HPCL included. and NSDC.

“We would like to thank all our respected employers for their continued support and consideration of our fellow students for the prestigious roles. We have the spirit of facilitating the careers of our MBA 2022 and 2023 batch mates and congratulate them for proving their worth. The record breaking results he produced during the drive make us happy. With the pandemic, we are looking forward with enthusiasm to visit our employers for the next placement round, at Visakhapatnam, the city of destiny, at our campus,” the placement committee said.