Management placements: Finance students get maximum offers

IIM-Indore on Wednesday announced its final placements for the batch of 2016 with the overall average CTC going up by 10%

Finance came up as as the leading sector with approx 150 offers from recruiters such as Bank of America, Edelweiss, American Express and Axis Bank,.

However, the maximum domestic package slipped from Rs. 35 lakh this year to Rs 32 lakh per annum last year, while the highest international package stood at Rs. 30 lakh per annum when compared to Rs. 43.6 lakh of previous year.

This year, total 162 recruiters including 53 fresh recruiters, provided offers to 617 candidates, the largest across all IIMs. The batch includes 447 PG programmmes - Indore, 64 postgraduate programmme Indore - Mumbai Campus participants along with 106 candidates from the first batch of the5-year Integrated Programme in Management (IPM).

The highest domestic package was Rs 32 lakh per annum, while the highest International package stood at Rs 30 lakh per annum.

The first graduate batch of IPM participants got offers from esteemed recruiters like Credit Suisse, IndusInd Bank, IBM, Deloitte,ICRA Management Consulting, Tata Sky, Nomura, JP Morgan, HDFC, , UAE Exchange among others.

With majority of offers being offered from finance domain, the average salary of the batch remained at Rs. 11.96 lakh per annum, including international offers.

Commenting about the placements, Prof Rishikesha T Krishnan, director of IIM Indore said, “Our endeavour is to be a contextually-relevant business school with world class academic standards. We seek to combine both scale and quality. I am delighted to see validation of our approach with more than 600 of our 2-year PGP and 5-year IPM graduates accepted by leading companies across sectors for challenging managerial positions this year.”