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Highest domestic salary up by 23.5% to Rs 50 lakh at IIM Indore placements

More than 160 recruiters participated in the IIM Indore Placements 2019-20

Vinay Umarji  |  Ahmedabad 

IIM Indore
Indian Institute of Management (IIM) Indore

The highest domestic salary at the Indian Institute of Management (IIM) Indore grew by 23.5 per cent to stand at Rs 50 lakh per annum (lpa) in 2020. It was Rs 40.5 lpa last year.

Average salary, on the other hand, rose by 10.24 per cent to Rs 22.92 lpa, against Rs 20.70 lpa last year.

Last year, IIM-I had attracted the highest international salary package of Rs 89.25 lpa. The institute secured 100 per cent for its outgoing post graduate programme (PGP) 2018-20 and 5-year integrated programme in management (IPM) batch of 578 students.

More than 160 recruiters participated in the IIM-I 2019-20. They included Accenture, Amazon, BCG, Flipkart, GE, Goldman Sachs, Google, Honeywell, HP, HUL, ICICI, Intel, Infosys, JP Morgan, Maruti Suzuki, Maersk, Nomura, PepsiCo, PwC India, Wipro, and Xiaomi. Over 45 recruiters, including AB InBev, Appdynamics, Cloudtail, FIITJEE, Flipkart, Intermiles, Kohler, Payoneer, and Thomson Reuters, hired from IIM-I for the first time.

IIM-I Director Himanshu Rai said: “We will continue to strengthen our engagement with the industry and ensure that we continue to create socially conscious responsible leaders that help to make this world a better place.”

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In 2019-20, the institute saw significant growth in its representation among rankings — it came fifth in the Ministry of Human Resource Development’s National Institutional Ranking Framework (NIRF), a debut at 81st position in FT Rankings, and 101+ rank band in its maiden QS Ranking in 2020. The institute also boasts of triple accreditations including AACSB, AMBA & EQUIS, making it one of the very few B-schools to bag the same.

Sector-wise, BFSI recruiters such as Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, DE Shaw, HSBC, and Nomura extended roles in asset management, corporate banking & investment banking, equity research and risk analytics.

While consulting sectors comprised recruiters such as BCG, Deloitte S&O, Deloitte USI, EY, PwC India, PwC US and UnitedHealth Group, the sales & marketing domain saw offers from the likes of Aditya Birla Fashion and Retail, Asian Paints, Bajaj Auto, HUL, ITC, and PepsiCo, among others.

On the other hand, analytics and e-commerce domains witnessed keen participation from major recruiters like Amazon, BrowserStack, Flipkart, Google, HUL, IndiaMART and Rebel Foods, while leadership roles were offered by companies like Aditya Birla Group, Amazon, ACT, Capgemini ELITE, and Tech Mahindra.

First Published: Thu, March 05 2020. 23:18 IST