The Indian Institute of Management-Tiruchi has completed 100% placement for its 2016-18 batch of Post Graduate Programme in Management registering a 56% percent increase in the highest stipend offered in comparison to the previous year.
The average stipend offered for the internship period was ₹53,030 and the highest offer was ₹2.50 lakh, according to a press release from the IIM
Though 106 companies expressed interest in participating in the process, placements was completed with 70 companies offering various roles to the 159 candidates.
Roles were offered across various domains such as sales and marketing, finance, general management, consulting, strategy, operations and HR. Some of the major recruiters who took part in the process were Microsoft, Dabur, World Bank, Mahindra, Accenture, Cognizant, Deloitte and Yes Bank. There was an even distribution in the companies visiting from various sectors like BFSI, consulting, manufacturing, IT and services, FMCG, retail, e-commerce, supply chain and infrastructure.
The average of the top 10% offers for the domains such as sales and marketing, general management and finance witnessed a growth in the range of 20-25% compared to the previous year.
“Despite a 67% increase in the batch size, this year witnessed a better performance over the last year with every student getting a paid internship with better roles and stipends,” said Abhishek Totawar, Chairperson-Placements and External Relations, IIM, Tiruchi
“The result of Summer Placements with a 56% increase in the highest domestic stipend and once again the whole batch getting placed in professional companies all over India proves the quality of academic processes at IIM Tiruchi,” said Prafulla Agnihotri, Director, IIM, Tiruchi.