Despite economic slowdown in the industry due to the Covid-19 pandemic, the Indian Institute of Management (IIM) Udaipur saw the highest stipend rise by 20 per cent at the conclusion of its summer placement process.
Placing the largest batch in its 10-year history, IIM-Udaipur saw 322 eligible candidates bag summer internship offers, with the highest stipend reaching Rs 3 lakh per annum (lpa).
With more than 100 firms making internship offers at IIM Udaipur, the institute saw 60 recruiters participating for the first time. Prominent recruiters for summer placements included Accenture Strategy, Accenture Technology, Adani Group, AliveCor India, Asian Paints, BNY Mellon, Casio, Cisco Systems, Del Monte, Hindustan Unilever, Kalpataru, Magicbricks, Puma, Renault, and Samsung R&D.
Apart from the highest stipend reaching Rs 3 lakh per annum offered by the FMCG and consulting sectors, the top 10 percentile secured an average stipend of Rs 2.09 lpa, the top 20 percentile secured an average of Rs 1.67 lpa while the top 50 percentile received an average stipend of Rs 1.08 lpa.
Among sectors, number of offers made by the e-commerce sector increased by more than 100 per cent compared to last year.
Additionally, IIM Udaipur students bagged some of the most sought-after Investment Banking roles at Goldman Sachs and HSBC. Other regular recruiters at IIM Udaipur included Aditya Birla Capital, Bajaj Auto, Baker Hughes, BPCL, Capgemini, Gartner, General Electric, HPCL, ICICI Bank, KPMG, Larsen & Toubro, MakeMyTrip, Reserve Bank of India, TAFE, Tata Capital, Titan, Vedanta Limited, and Yes Bank.
Profiles offered to the students spanned across the domains of analytics, finance, HR, operations, and sales & marketing with the highest number of offers made in Sales & Marketing.
Commenting on the summer placements, IIM Udaipur director Janat Shah said that, going forward, one of the B-school's key focuses is to develop management and leadership talents for the 'emerging digital world'. "We are working in sync with the digital transformation of the corporate world, which will need a new breed of talented managers and leaders," said Shah.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU