Indore: 10 IIM students to intern at intl locations

Indore: Despite economic slowdown in the country, many multi-national companies participated in summer placements at Indian Institute of Management Indore and picked up students for various internships roles. More than 10 of them were offered opportunity to intern at international locations.

“Over 10 students were given the opportunity to intern at international locations,” a release issued by IIM Indore said. IIM Indore witnessed almost 20 per cent hike in average stipend compared to last year in summer placements for the largest batch among IIMs, comprising of 543 students that includes 447 PGP and 96 IPM participants.

The highest stipend is Rs 3 lakh for two months while the average jumped over 20 percent to Rs 1.24 lakh. Over 150 recruiters participated in the summer placement process, which included 60 new companies.

IIM Indore, which boasts of having the most diverse batch among Indian b-schools, saw the return of marquee recruiters such as Aditya Birla Group, American Express, Boston Consulting Group, Credit Suisse, DE Shaw, Deutsche Bank, Ernst & Young, Goldman Sachs, Hindustan Unilever, etc while brands like Amazon, Bank of America Merrill Lynch, General Electric, IMS Consulting Group, Macquarie Investment Bank, Nestlé, were some of the new names on campus for summer placements compared to the previous year.

Finance and sales & marketing were the primary domains of choice for the candidates, with 32 percent of the batch opting for each.
A total of 17 percent of the candidates favoured consulting while 10 percent chose general management roles. Strengthening its stronghold on the BFSI sector, IIM Indore witnessed myriad roles being offered featuring recruiters like American Express, Bank of America Merrill Lynch, CIMB Malaysia, Credit Suisse, DE Shaw, Deutsche Bank, Edelweiss, Fidelity Investments, Goldman Sachs, HSBC etc.

 The roles offered ranged from asset management, corporate banking, credit analysis, equity research, investment banking, retail banking, risk analytics & management, and wealth management.

Sales & marketing roles were opened by a hoard of FMCG recruiters such as AkzoNobel, Asian Paints, Britannia, ConAgra Foods, Dabur, HUL, ITC etc. Non-FMCG recruiters included the likes of Airtel, Bajaj Auto, Bentley Motors, Cipla, Decathlon, Eli Lilly and Company to name a few.
Owing to the diversity in profiles at IIM Indore, several coveted consulting roles were on offer by firms including Acquisory Consulting, Avalon Consulting, Backspace Consulting, Boston Consulting Group, Cognizant Business Consulting, etc.

General management aspirants were offered leadership roles by recruiters like Aditya Birla Group, Airtel, Cipla, General Electric, JSW group, Mahindra & Mahindra, and Reliance Industries. Operations and HR roles were opened by Amazon, Cummins, HPCL, ICICI Bank, L&T, Mattel, Piramal Group, Sun Pharma among others.

Participants from the five-year Integrated Programme in Management were recruited by several marquee recruiters including Aditya Birla Group, Goldman Sachs, JPMorgan Chase, L’Oréal, Nomura Holdings and United Breweries. Several international firms chose to recruit exclusively from IIM Indore for their coveted roles including Bentley Motors, CIMB Malaysia, ConAgra Foods, Macquarie Investment Bank and Mount Meru Group.