Indian Institute of Management, Udaipur (IIMU) has successfully completed its Summer Placement process for the Post Graduate Programme, Class of 2019 on January 12, 2018. The record batch size of 232 students, with a 28% increase over the previous year, the institute has managed to successfully place for a summer internship. With 40 first time recruiters on campus, a total of 71 firms have joined for IIMU Summer placements.
IIM Udaipur Class of 2019, is yet largest and most diverse batch of 232 students, with 37% non-engineers, and gender diversity of 25%. Of these 232 students, 210 sought placements through the Institute while nine students opted for the summer entrepreneurship programme offered by IIMU Entrepreneurship Cell.
IIM Udaipur witnessed the return of marquee recruiters like Amul, Berger Paints, Bombay Shaving Company, BPCL, Cummins, Droom, HPCL, InfoEdge (Naukri.com), NMC Healthcare, ICICI Bank, RBL Bank, Secure Meters, Titan, United Breweries, Wipro, Xpress Money, Yes Bank among others recruiters, which continued to show their faith in the potential of the IIMU students.
With 40 first time recruiters on campus, a total of 71 firms have joined for IIMU Summer placements to made offers for internships to the batch of 2019, compared to 46 recruiters in the previous year 2017 summer placement. Some of the prominent firms to join the recruiters’ list are Johnson & Johnson, ITC, Marico, D.E. Shaw, GroupM, Larsen & Toubro, ICICI Lombard, TAFE, Sutherland Global, CNH Industrial, Tata Steel, Hero, Volvo Eicher, SBI, among others.
The average stipend offered at IIMU summer placements stands at INR 53,910 while the highest stipend offered jumped to INR 2,00,000, a 25% rise over the previous year. The average stipend offered to the top 10 percentile is INR 1,21,428. The average stipend offered to top 20 percentile students stands at INR 1,00,952 and for the top 50 percentile is 77,380. All figures are for the entire duration of the 2 months internship excluding benefits such as boarding and lodging, and travel.
There were total 9 international offers, with Xpress Money being the leading recruiter. The average stipend for the international placements stands at INR 1,08,889 for the two months of internship duration excluding benefits such as accommodation, travel, and flight tickets.
Professor Janat Shah, Director, IIM Udaipur was quoted saying by The Udaipur Times, ‘’The summer placement process for the batch of 2017-2019 is a testimony to the reinforced confidence that the corporate world has bestowed on our academic rigour and professional outlook. IIM Udaipur will continue to focus on academic excellence, the improved placements being but a by-product of our academic integrity.” IIM Udaipur believes in the core values of Integrity and Transparency and is one of the only 4 IIMs in the country to abide by the IPRS (Indian Placement Reporting Standards) while divulging placement figures, added the IIMU Director.
Domain Wise IIMU Summer Placements
Strengthening its stronghold on Sales and marketing domain, IIM Udaipur witnessed myriad roles being offered by recruiters like Marico, GroupM, Amul, Berger Paints, Cummins, Titan, United Breweries, ICICI Bank. A total of 103 roles were offered in the sales and marketing domain.
The number of offers in the Finance Domain stood at 28, an increase of 47% compared to last year, and DE Shaw, Yes Bank, and ICICI Lombard were the prominent companies hiring for Finance roles. 16 offers were made in the Operations domain, where major recruiters were Johnson & Johnson, ITC, NMC Healthcare, and Cummins. Other offers were made across various domains like Human Resource Management (14), Business Analytics (13), Product Management (12), Information Technology (9), etc.
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