IIM Trichy has concluded the summer placement process for the 2016-18 batch of Post Graduate Programme in Management . There has been a 56 per cent increase in the domestic stipend offered (compared to the previous year).
The average stipend offered for the internship was ₹53,030 and the highest domestic offer was ₹2.50 lakhs.
Of 106 companies that wanted to in participate in the placement process, the process was completed with just 70 companies offering various roles to the 159 candidates.
Roles were offered across various domains like sales and marketing, finance, general management, consulting, strategy, operations and HR. Microsoft, Dabur, World Bank, Mahindra, Accenture, Cognizant, Deloitte, and Yes Bank were among the many recruiters.
Domains like sales and marketing, general management and finance witnessed 20-25 per cent growth when compared with the previous year. The median stipend offered to the top 10 percentile of the batch was ₹1.31 lakhs and to the top 25 percentile of the batch was ₹1 lakh.
Speaking on the conclusion of the summer placements, Prof Abhishek Totawar, chairperson - placements and external relations at IIM Trichy said, “Despite a 67 per cent increase in the batch size, this year witnessed an even better performance with every student getting a paid internship at better stipends and roles.”
Director Dr Prafulla Agnihotri, said, “I heartily congratulate students of the first year as well as my colleagues in placement team for the meritorious results of summer placements.”