Page 22 - Revised_Interactive_IIM(V)ibes_Newsletter 18th July

PLACEMENTS

The Indian Institute of Management Visakhapatnam (IIMV) celebrates the completion of the Summer Placements for
MBA class of 2022-24. The results uphold the legacy of IIMV, of consistently delivering 100% placements, with the
students achieving the milestone despite the fears of recession. The Career Development Services (CDS) Office takes
immense pride in announcing the results, with the highest stipend at INR 2,50,000 for the two-month internship; and
an average stipend across the batch of INR 79,880 (up by 38.44% from the last year). This is the largest batch so far
of 272 students being placed for summer internships.
IIMV witnessed enthusiastic participation by new and existing recruiters spread across industries and domains. Held
on a rolling basis, the summer placement season witnessed more than 110 companies participating in the process
and making multiple offers. IT/ITES sector continued to bet big on fresh talent, accounting for 22% of the total offers
made, followed by BFSI, (19%), Consulting (12%), FMCG (8%), Manufacturing (7%), Pharma & Healthcare (7%), EdTech
& Education (7%), Real Estate & Construction (4%) and other sectors like FinTech, E-Commerce etc.

Prominent recruiters that reposed confidence in the Institute’s talent include Adani Group, Bain & Co., Cognizant, EY,
Goldman Sachs, Granules, HSL, ICICI Bank, ICICI Lombard, Invesco, KPMG, Landmark Group, L&T, Latent View, MTR
Foods, SBI Capital, Schneider Electric, ServiceNow, StateStreet, TAFE, Tiger Analytics, Ultratech, YES Bank, Wella India,
etc.

Total Number
of Companies
110

20 | Vol 4 | Issue 2 | Jan-April 2023