Page 19 - iimv-news-letter-vol-3-issue-1-v5

PLACEMENTS

The quote “Every day, a million miracles begin at sunrise” by Eric Jerome Dickey captures the essence of IIM
Visakhapatnam’s immensely successful placement season this year. IIM Visakhapatnam, popularly known
as the sunrise IIM, has once again proven its mettle by completing the final placement season for the 6 th
graduating MBA batch in record time, with record offers.

Despite the uncertainties caused by the ongoing pandemic, the Institute not only maintained its legacy of
delivering 100% placement results but also shattered previous records to achieve the highest ever average
package at 14.74 LPA (up 17% from last year) and median at 15 LPA (up 25% from last year). Reinforcing
their faith in the distinctive quality of IIMV’s students, industry-wide recruiters offered higher packages for
coveted roles pushing the highest package up to 23.5 LPA, a handsome increase of 13% over the last
season. The lucrative opportunities offered to the students are a good reason for celebration, with the Top

50% of students receiving an average package of 16.94 LPA (up 12% from last year); the Top 25%
receiving an average package of 18.28 LPA (up 6% from last year) and the Top 10% receiving an average
package of 20.13 LPA (up 7% from last year).

The Institute owes the success of the placement feat to the unwavering support of its esteemed recruiters,
the effort and determination of its student placement committee, as well as the calibre and zeal of its

students. Held on a rolling basis, the placement season witnessed over 75 companies participating in the
process and making multiple offers with 40+ new recruiters offering roles across various domains,
including Consulting, Strategy, Finance, Product Management, Sales & Marketing, HR, IT & Analytics etc.
There has been an over whelming increase in the number of recruiters willing to partner with the Institute,
an indication of the rapid strides it made, despite the challenges posed by the pandemic.

17 VOL. / ISSUE /SEP DEC