The average salary for the batch is Rs 12.07 lakh per annum (LPA) while the median stood at Rs 11.70 LPA.
Indian Institute of Management, Visakhapatnam, which is now three years old, has achieved 100 per cent placement for PGP batch of 2016–18.
The average salary for the batch is Rs 12.07 lakh per annum (LPA), while the median stood at Rs 11.70 LPA. For the top half, the average salary was Rs 14.14 LPA and the top quartile has been offered an average package of Rs 16.29 lakh per annum.
Around 18 per cent of the students received PPO/PPIs based on their performance in the summer internship and corporate competitions.
Around 42 companies, including ICICI Lombard, HDFC Bank, KPMG and Amul, participated in the campus placement.
ICICI Lombard and HDFC Bank offered roles in product management, analytics, and sales & marketing; Amul hired for sales & marketing, while KPMG hired for their government advisory and strategy & operations consulting practice.
Overall, 44.4 per cent students got offers in sales & marketing, followed by 11.1 per cent in consulting. Around 8.9 per cent students will pursue their career in general management. Finance, analytics and strategy also hired 6.7 per cent of the students, while functions such as product management, FinTech and operations each hired 4.4 per cent students. Human resources was yet another function that offered 2.3 per cent students jobs in this sector.
Prof. M Chandrasekhar, director of IIM-V says, “The students have once again done us proud by their stellar performance in the placements.”