For the first time, since it's inception in 2015, the Indian Institute of Management (IIM) Nagpur managed to secure a complete 100 percent placement for its second batch of post graduate programme (PGP). The highest domestic salary package stood at Rs 19 lakh per annum (LPA) while the average (domestic) cost-to-company for 54 students stood at Rs 12.05 LPA.
Finance emerged as the most well-paying vertical, offering annual salary packages upwards of Rs 15 LPA, followed by General Management (Rs 13.35 LPA) and Strategy & Consulting (Rs 11.38 LPA).
"Nearly 40 recruiters, including many first time participants such as GMR India, participated in the placement process. “In total, 55 offers were made, and one student "decided to pursue her entrepreneurial dreams", the institute said in a statement.
About 86 per cent of the batch got placed in five sectors: Information Technology (38 per cent), BFSI (19 per cent), FMCG, Logistics and Analytics.
In IT sector, top recruiters include Tech Aspect, JK Technosoft, Value Labs, Infosys BPM. VLCC also made multiple offers.
“This year, Analytics profiles have seen a surge with companies like Fractal Analytics, MuSigma and Perceptive Analytics making their presence felt at the campus during the recruitment season," added the statement.
Other top recruiters included ICICI Lombard, Yes Bank - participating for their YES Professional Entrepreneurship Program (Y-PEP), SBI Mutual Fund, Bajaj Allianz, Larsen & Toubro, Motilal Oswal, and Indiamart.
"Nagpur being the Logistics and Supply Chain hub of India resulted in active participation of companies like DTDC, Stellar Value Chain and 4Tigo," the statement added.
IIM Nagpur is mentored by IIM Ahmedabad.