Summer Placements – Class of 2020 – DMS IIT Delhi

The Department of Management Studies, IIT Delhi has successfully completed its summer internship placement process (SIP) in record time for MBA Class of 2018-20. Both the mean and median stipends at DMS IIT Delhi have seen a sharp upward trend.

This season, DMS IIT Delhi saw the summer placement process being finished with an incredible 58% increase in the average stipend. Many of our recurring recruiters such as Shell, Synergy Consulting, Maersk Line, Wipro, Amway, Value Labs, Texas Instruments and BPCL among others, restored their faith in our students by offering internships across various domains.

There were many new organizations which started their engagement with DMS, IIT Delhi this time, which included Reckitt Benckiser, Accenture Digital, Royal Enfield, Cummins, Fin IQ and Maersk GSC to name a few. The top 50% of the students bagged an average stipend of INR 2.11 Lacs.

Following are a few important highlights of this placement cycle:

  • Highest stipend stands at the INR 4 Lacs mark for the third year in a row.
  • Average stipend increased by an astounding 58% to INR 1.43 Lacs.
  • The average stipend for the top half of the batch stood at INR 2.11 Lacs for 2 months.
  • The average stipend of top 10% stood at INR 3.77 Lacs and that of top 25% stood at INR 2.71 Lacs.
  • The average stipend of top 75% stood at INR 1.73 Lacs and that of top 90% stood at INR 1.55 Lacs.
  • Median stipend increased to INR 1.32 Lacs.
  • The average stipend of female candidates achieved an impressive figure of INR 2 Lacs.

This year’s summer placements continued the trend of increasing average salary being offered to our students. This has reinstated DMS – IIT Delhi’s standing in the industry with the major brand names participating in the process. The students have found good placements in different sectors & domains with diverse profiles.

Media Cell DMS, IIT Delhi

The Department of Management Studies is a result of the evolutionary process of growth of an idea floated in 1963. What was then a seed, gradually came to life and in 1974, IIT Delhi set up an internal committee to scrutinize the functioning of the management area in the institute. In 1975, an expert committee was setup to formally examine the possibility of launching this area in a more sustained fashion. The result was an M.Tech programme in "Management Systems" in the School for System Studies, (subsequently renamed School for Systems and Management Studies). The year 1978 saw the setting up of the Management Core Group and the core inputs to a full time Management Education at IIT(D) were reconfirmed by an Advisory Committee constituted by the representatives of the Academia and the industry. Since then, there has been no looking back. The School for Systems and Management Studies became the Centre for Systems and Management Studies. This was subsequently renamed as the Centre for Management Studies. In 1993 the Department was brought into existence by amendment to IIT (D) statutes. Clearly, the Department responds to a felt need of the Indian Industry and derives satisfaction from its heavy field orientation in all its curriculum activity. In response to the feedback from the students, alumni and industry, the Department of Management Studies launched MBA programmes in 1997. The department currently runs a two year full time MBA programme (General and with focus on Telecommunication Systems Management) and a three year part time MBA programme (with focus on Technology Management). MBA program in IIT Delhi is designed keeping in mind the changes in business environment and the need of the industry. Our academic program is comparable to the best that are available in the world class business schools for creating managers to face the new challenges of the ever changing market environment. The entire course aims at creating holistic managers trained by a very eminent faculty, which is also supported by the experienced professionals as external faculty from India and abroad. The students are admitted through a rigorous screening process that includes CAT score, group discussion and interview. IITD MBAs are known to do well.