Top companies flock to IIM-Vizag for summer placements, highest stipend reaches Rs 2.4 lakh

1 month ago

VISAKHAPATNAM: The Indian Institute of Management Visakhapatnam completed

summer placements

for the MBA 2023-25 batch. The highest stipend offered was Rs 2.4 lakh. The average stipend stood at Rs 69,000, with a median stipend of Rs 60,000. The top 10% of students received an average stipend of Rs 1.58 lakh, and the top 25% of the batch secured an average stipend of Rs 1.17 lakh.

The top 50% of the batch also received a healthy average stipend of Rs. 84,000.
The summer placement season at IIMV witnessed enthusiastic participation by both new and existing recruiters spread across industries and domains. Held on a rolling basis, over 163 companies participated in the process, making multiple offers. This included 103 new recruiters offering roles across various domains.
IT and consulting sectors remained the

top recruiters

, accounting for 26% of the total offers made. The following sectors also saw significant placements: BFSI (23%), manufacturing (14%), EdTech and education (11%), FMCG (8%), retail (4%), healthcare (4%), construction (4%), and other sectors (7%).
Prominent recruiters that reposed confidence in the Institute’s talent include Akzonobel, Arthmate, Asian Paints, Bondada Engineering Limited, Bothra Group, CollegeDunia, CRISIL, D.E.Shaw, Deloitte, E&Y, Freudenberg, FUJITSU, Goldman Sachs, GSK, H-Town, Havells, Heritage Foods, HSL, ICICI Bank, ICICI Lombard, IDEX Corp, IIMVField, Infosys, Integrace, Jio Creative Labs, K12 Techno services, Kalolwala & Associates Pvt Ltd, KPMG, McDonald's India, Modenik Lifestyle Pvt Ltd., Perceptive Analytics, Pfizer, RAK Ceramics, Rasapoorna Foods, SMC insurance, Sutherland, TATA AIG, Turtlemint, TVS Motors, V-Guard, Walkaroo , Wella India, Yokohama, etc.

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