Rs 1.14 cr. pa highest domestic package offered at IIM-Indore

This placement season at the Indian Institute of Management (IIM) Indore saw the class of 2023 being offered average salary of Rs 30.21 lakh per annum. This is 20.8 per cent more than last year. The highest domestic package offered was Rs 1.14 crore per annum, a huge spike of 132.5 per cent compared to last year.

The drive, which was clearly successful — with all the enrolled students being handed offer letters — saw more than 160 recruiters offering jobs to 568 students belonging to the postgraduate programme (PGP) and Integrated Programme in Management (IPM).

It is reported that the median salary was Rs 27.20 lakh per annum, which is also 12.9 per cent more than last year.

The recruiters represented various domains including finance, consulting, human resources, operations, product management, analytics, sales, marketing and general management.

The over 80 new employers who participated for the first time included names such as Adani Group, Alkem Laboratories, Aarti Industries, African Industries Group, DISYS, Delhivery, Ambit Capital, Citi, Dolcera, DCM Shriram, Bira 91, BlackRock, CavinKare and Edelweiss Alternative Asset Advisors.

While 29 per cent of the class were roped in by consulting firms — including Bain & Company, Ernst & Young, Deloitte India, Deloitte USI, Accenture Strategy, Boston Consulting Group (BCG), Accenture Tech Consulting, Acuvon Consulting, Aspect Ratio, Avalon Consulting, Everest Group, EY Parthenon — about 18 per cent of the batch bagged offers from the finance sector.

Most of the offers in the sales and marketing space came from companies such as Hero MotoCorp, IBM, AB InBev, Asian Paints, HUL, Infosys, Johnson & Johnson, Atomberg Technologies, Bajaj Auto, CavinKare, Dr. Reddy’s Laboratories, and so on.

The information technology sector made offers to about 16 per cent of the batch, from companies such as Cognizant, Capgemini, American Express and Amazon amongst others.