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Indian Institute of Management, Nagpur (IIM-N) student has been offered Rs 1.6 lakh stipend in the two-month summer placement drive.

Indian Institute of Management, Nagpur (IIM-N) student has been offered Rs 1.6 lakh stipend in the two-month summer placement drive. IIM-N has also announced that it has got 100% summer placement.Vijay Phate, in-charge of placement office, also stated that the highest and the average stipend offered saw a significant jump. The highest stipend offered was Rs1.6 lakh, and the average stipend of the batch also increased by 24% to Rs 56,900.”  The year the prominent recruiters of IIM Nagpur include Yes Bank, BPCL, ICICI Lombard, Choice India, Calderys, Delivering Change Foundation (Sakal Group), IDBI Federal, Excellon, Diffusion Engineers, WCL, Persistent etc. Among these, ICICI Lombard and IDBI Federal made the highest number of offers.

The on-campus placement drive for the first batch of IIM-Nagpur is also on. Authorities of IIM Nagpur, said that many students have got good offers, but refused to divulge further details, saying the official announcement would be made very soon. More than 40 recruiters from across sectors have found IIM-N students suitable for the summer internship positions, the premier institute said. IIM-N has also seen a significant increase in number of first-time recruiters, even for the second batch of PGP students, it added.

It has emerged that sales and marketing is their preferred domain, while the rest chose to undergo internship in domains such as strategy, consulting, finance, business analytics, IT consulting, operation, and IOT. Most of the students will be undergoing summer internship in metro cities like Mumbai, Delhi, Pune and Nagpur. According to IIM-N student placement coordinator Srishty said that they are glad that their batch received offers from prominent companies who offered interesting roles.  The Indian Institute of Management,  Nagpur  had started functioning in 2015 under the guidance and mentorship of Indian Institute of Management Ahmedabad which is one of the top institutes of management in India and the Asia-Pacific. IIM Nagpur is located within the campus of VNIT Nagpur till it moves to its own campus.The institute started its first batch of Post Graduate Program (PGP) in Management on July 23, 2015.

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