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IIM-Indore records highest placement package of Rs 56.8 lakh, average salary up by 3%

IIM Indore campus

IIM Indore campus

More than 210 domestic and international organizations offered roles in various domains

The Indian Institute of Management (IIM) Indore has defied Covid19 induced economic slackness as the premier institute of management recorded highest placement package of Rs 56.8 lakh and over 200 companies picked up managers in the placement 2019-2021 drive.

The institution registered this placement for its flagship Post Graduate Programme (PGP) and five years Integrated Program in Management (IPM).

In spite of the Covid-19 pandemic and adjoining hardships this past year, the recruiters showed continued faith in the Institute as more than 210 domestic and international organizations offered roles in various domains.

The average domestic salary was recorded as 23.6 LPA (Lakhs Per Annum), displaying an increase of 3 per cent from the previous year while the average salary of the top 100 students of the batch stood at 33 LPA. The highest domestic salary and the international salary offered this placement season was INR 41.5 LPA and INR 56.8 LPA, respectively.

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Apart from marquee recruiters, 40+ eminent first-time recruiters like Blue Star, NPCI, Paytm, PhonePe, TATA AIA chose to recruit from IIM Indore for multiple roles.

“We are delighted by the continued faith the recruiters have shown in our students. Placing the largest number of students across all IIMs for the Final placements during the ongoing pandemic was a challenging task but the commendable efforts in setting up the virtual placement drive ensured hassle-free completion of the placements.” Prof. Himanshu Rai, Director IIM Indore said.

first published:March 09, 2021, 14:56 IST