Fastest B-school to close placements for the season; Highest salary offered INR 16.64 lacs per annum; PwC recruits a whopping 40 students
Bangalore, January 11, 2019: IFIM Business School, Bangalore, India’s premier AACSB accredited management institute, today announced the completion of the final placements and the Industry Internship Program (IIP) of the 2017-19 batch of its two-year, full-time, residential, AICTE approved and AACSB accredited Post Graduate Diploma in Management (PGDM). This placement season ended with an all-time high achievement for the Bangalore based business school, in terms of the highest salary offered, the number of recruiters visiting the campus and the diversity of job profiles offered.
The highest salary package offered is INR 16.64 lacs per annum and the average salary package is INR 7.50 lacs per annum while more than 30% of the students have been placed with an annual salary package of INR 7.0 lacs and above.
The Placements 2018-19 season at the IFIM Business School witnessed participation from recruiters across major industry sectors, such as Consulting, FMCG, Banking & Financial Services, KPO, Education, Automotive, Healthcare, Insurance, IT Services, Logistics, Manufacturing, Market Research, Media, Real Estate, and Retail, etc. While the highest number of students were recruited in the Consulting Services (33%), the IT services and the FMCG companies recruited 15% and 12% students, respectively. A complete sector-wise breakup is provided below.
More than 90 recruiters (including many blue-chip companies) participated in the campus recruitment drive. Some of the prominent ones amongst them are: PwC, Deloitte, Oracle, Export Import Bank of India (Exim), Mu-Sigma, Dell, EXL, Caterpillar, Schindler, Dun and Bradstreet, Yes Bank, Schneider Electric, Cognizant, S & P Global, FedEx, Coffee Day Beverages, Dyson, Yum Brands, Wipro, Capital First, Sumeru, Nestle, Federal Bank, HDFC Bank, Statecraft, DHL, Toyota, Microland, ITC, Ricoh, L’Oréal, AAF India, Jockey (Page), Sharp, TUV Rhineland, Purnartha, Envision, and Decathlon. Some of the new age companies are ClearTax, Dvara, Capital Float, Merhaki Foods, Hunger Box, OYO, OSG, and IQVIA.
PricewaterhouseCoopers (PwC) became the top recruiter for the year recruiting a total of 40 students. Varied profiles were offered to students resulting in a choice of both entry-level and experience-based roles. A specialization-wise breakup is provided below:
IFIM Business School also reported 100% completion of the industry internship drive, known as the Industry Internship Program (IIP), for the PGDM 2017-19 batch. IFIM Business School’s IIP is a unique award-winning program with an extensive on the job learning of 4.5 months (longest among Indian business schools) right before the graduation (and not at the end of the first year, unlike most other business schools in the country). The entire duration of IIP is mentored by both faculty and corporate professionals to facilitate blended learning. Students are presented with real business problems at work and are expected to bring feasible solutions to the table. Over the years, majority of the students have received Pre-Placement Offers (PPOs) from the companies they interned with. The highest IIP stipend offered this year is INR 62,500 per month by the Schindler Group and the average stipend offered is INR 25,000 per month.
Speaking on the success of Placements 2018-19, Dr Durgesh K Agarwal, Dean – Academics and Research, IFIM Business School said, “The unique bespoke curriculum of IFIM Business School accelerates self-development and provides flexibility to the students to build learning pathways that are aligned with their individual aspirations and prepares them to target and win career opportunities. The rigorous model developed by us for corporate engagement eases the process of talent hunting for the corporate and career selection for the student. The delivery of this has been mastered by our faculty over the last five years and the results are clearly visible now.”
Dr Atish Chattopadhyay, Director – IFIM Business School expressed, “When it comes to the campus placement, the business schools in India follow the ‘Mela Model’ where on a single day, large number of companies vie for a group of students and every company wants to demonstrate that they recruited on the ‘Day Zero’ on the campus, and every school wants to demonstrate that they placed most of the students on the ‘Day Zero’. We have taken the first step towards moving out of a ‘Mela Model’ to an ‘Engagement Model’ and the outcome of this year’s placements is a testimony to the success of the shift we have attempted to bring in.”