The Indian Institute of Management-Visakhapatnam (IIM-Vizag) has once again proven its prowess in grooming top-tier talent, as it concludes its final placement season with a remarkable 100 percent placement rate for the eighth consecutive year.
Key Insights:
Salary Figures:
- Overall Average Package: Rs 15.64 LPA
- Highest Package: Rs 43.25 LPA
- Top 10% Average Package: Rs 28.6 LPA
- Top 25% Average Package: Rs 24.62 LPA
- Top 50% Average Package: Rs 21.05 LPA
- International Offers Average Package: Rs 19.5 LPA
Diverse Participation:
The placement season saw participation from 177 companies, including 117 new recruiters spanning various domains such as consulting, strategy, finance, product management, analytics, brand management, marketing, HR, and IT.
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Sector-wise Distribution:
| Sector | Percentage of Placements |
| Banking, Financial Services, and Insurance (BFSI) | 34% |
| Information Technology (IT) and Consulting | 31% |
| Manufacturing | 12% |
| Logistics | 7% |
| Retail | 1% |
| FMCG | 1% |
| Healthcare, Real Estate, Construction, and Telecom | 15% |
Prominent Recruiters:
ABsyz Inc, Accenture, Adani Wilmar, Akzonobel, Amara Raja, Anand Rathi, Arthmate, Asian Paints, AU Small Finance Bank, Axis Bank, Bajaj Finserv, Bharti Airtel, Cognizant, Crisil, Decimal Point, Deloitte, Digit Insurance, Digital Fifth, Dr Lal Path Labs, DS Group, DSP Mutual Fund, Emkay Global, EqualizeRCM, EY, GMR Group, Goldman Sachs, Havells, HCL Tech, HFCL, Home First Finance, ICICI Bank, ICICI Lombard, ICICI Prudential, IDBI Bank, IDFC First Bank, Infosys, Integrace Healthcare, Invesco, Jindal, Kansai Nerolac Paints, Kfintech, KPMG, L & T, LAM Research, Lowe’s, Modenik, Napier, NetElixir, OGI, One Point One Solutions, PnB Metlife, PWC, Qucev Technologies, Redseer, Sails Software Solutions, Sandhya Aqua, Service Now, Sobha Realty, Soulflower, Sutherland, TA Digital, TAFE, Tata Advanced Systems Limited, TATA AIG, Tata Communications, Tech Mahindra, Tredence, Turtlemint, TVS Credit Services, TVS Motors, UltraTech, Volvo, What fix, Yokohama, Zycus - counted among the who’s who of the corporate world, were the prime recruiters who participated in the campus recruitment process – 2023-24 at IIM Vizag.
Comments from Institute Director and Career Services Chairperson:
Prof. M Chandrasekhar, Director of IIM-Vizag, commended the resilience and dedication of the students amidst challenging times. He stated, "Despite strong headwinds, our students stood their ground, dug their heels in, and withstood the tough times, only to emerge stronger and put in even better performance. We commend them for their resilience. The dedication and tireless efforts of our placement teams and committees continue to impress us. They take the rough with the smooth, playing a catalytic and enabling role in the student's success. The way the career development services' teams engage with, equip, encourage, energize, and enable our student cohort is a great case study in itself. The outcome of that effort is evident in all its splendor; an unbroken impressive record of placement, that too of the largest-ever batch this year. This, by no means, is a minuscule achievement."
Prof. Deepika Gupta, Chairperson of Career Development Services and Alumni Relations at IIM-Vizag expressed her gratitude to the recruiters for their unwavering support and trust in the institute and its students. She remarked, "With the fear of a global recession, we were deeply concerned about the outcome of this year's placement season. It is heartening that both the batches 2022-24 (finals) and 2023-25 (summers) outperformed our expectations. The results of 100% placements are pure joy to us. Four of our students bagged international offers, adding a feather in their caps and multiplying our delight. I want to thank my CDS team, the student's placement committee, and all the students for turning a challenging task into a successful accomplishment. Our resilient and responsive systems, people, and processes helped us navigate the uncertainties successfully. This experience has prepared us even better to face any unpredictable environment."
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