IIM Sambalpur beats coronavirus blues, completes final and summer placements

IIM Sambalpur has wrapped up final placements with a highest CTC of Rs 26.4 LPA, and the top 25% CTC at Rs 14.91 LPA.

About 140 companies visited the campus this season with prominent participants and recruiters such as Nielsen, Reliance Retail, Ramco Systems, Tech Mahindra, Mindtree, Amul, Vedanta, HCL, SBI Life, Tata Steel BSL, Accenture, IBM, BYJU’s, Infosys, ICICI Prudential, Trident Group, Bajaj Allianz, ZS Associates, Deloitte India, KPMG, Ernst & Young, among others.

Graduates were offered roles across Marketing, Sales, BFSI, Operations, Consulting, Analytics, ITeS Fintech, E-Commerce, FMCG, and so on. There was a more than 90% increase in the companies that visited for recruitment,

Prof. Mahadeo Jaiswal, Director, IIM Sambalpur said in a statement: “IIM Sambalpur has yet again bettered its previous records despite the current market dynamics.”

The institute has also completed 100% Summer Placements for the sixth batch (2020-22) of its flagship MBA program. With more than 110 companies participating in the on-campus Summer Internship placement process for a batch strength of 157 students, Google, Adani Ports, Indian Oil Corporation Ltd., Bank of Baroda, IMCD India, Bajaj Allianz Life Insurance, DSM Group, IBM, Justdial, Tata Steel BSL, Tata Consultancy Services (TCS), V Guard, ICICI Bank were among the recruiters.

This year the highest stipend offered was RS 1,70,000 domestic and the top quartile of the batch received an average stipend of RS 72,511. The top half of the batch secured an average stipend of Rs 56,644 wherein the average and median stipend of the whole batch stood at Rs 48,222 and Rs 47,700, respectively. This year also saw a sharp increase in companies of Automobile, E-Commerce, and Pharmaceutical industries visiting the campus with a considerable percentage of students getting offers from these organizations.

Prof. Diptiranjan Mahapatra, Placement Chair, IIM Sambalpur said: “With changing times, Consulting, BFSI, FMCG, IT/ITES, and Edu-Tech emerged as most sought after and lucrative amongst others with more than 50% of the batch opting for these industries.”