IFIM Business School, Bangalore, India’s premier AACSB-accredited management institutes, has announced the completion of final placements and the Industry Internship Programme (IIP) for the 2017-19 batch of its two-year, full-time, residential, AICTE-approved and AACSB-accredited Post-Graduate Diploma in Management (PGDM). This placement season ended with an all-time high achievement, in terms of the highest salary offered, number of recruiters visiting the campus and diversity of job profiles offered.
The highest salary package offered is ₹16.64 lakh per annum and the average salary package is ₹7.50 lakh a year, while more than 30 per cent of students have been placed with an annual salary package of ₹7 lakh and above.
The Placements 2018-19 season at the IFIM Business School saw participation from recruiters across major industry sectors, such as consulting, FMCG, banking & financial services, KPO, education, automotive, healthcare, insurance, IT services, logistics, manufacturing, market research, media, real estate, and retail. While the highest number of students were recruited in the consulting services (33 per cent), IT services and FMCG companies recruited 15 per cent and 12 per cent students, respectively. A complete sector-wise breakup is provided below.
PwC is the top recruiter
More than 90 recruiters (including many blue-chip companies) participated in the campus recruitment drive. Some of the prominent ones among them are: PwC, Deloitte, Oracle, Export Import Bank of India (Exim), Mu-Sigma, Dell, EXL, Caterpillar, Schindler, Dun and Bradstreet, Yes Bank, Schneider Electric, Cognizant, S&P Global, FedEx, Coffee Day Beverages, Dyson, Yum Brands, Wipro, Capital First, Sumeru, Nestle, Federal Bank, HDFC Bank, Statecraft, DHL, Toyota, Microland, ITC, Ricoh, L’Oréal, AAF India, Jockey (Page), Sharp, TUV Rhineland, Purnartha, Envision, and Decathlon. Some of the new age companies are ClearTax, Dvara, Capital Float, Merhaki Foods, Hunger Box, OYO, OSG, and IQVIA.
PricewaterhouseCoopers (PwC) became the top recruiter for the year, hiring a total of 40 students. Varied profiles were offered to students, resulting in a choice of both entry-level and experience-based roles.
IFIM Business School also reported 100 per cent completion of the industry internship drive, known as the Industry Internship Programme (IIP), for the PGDM 2017-19 batch. IFIM Business School’s IIP is a unique award-winning programme with an extensive on-the-job learning of 4.5 months (longest among Indian business schools) right before the graduation (and not at the end of the first year, unlike most other business schools in the country).
Industry Internship Programme
The entire duration of IIP is mentored by both faculty and corporate professionals to facilitate blended learning. Students are presented with real business problems at work and are expected to bring feasible solutions to the table. Over the years, the majority of students have received pre-placement offers (PPOs) from the companies they interned with. The highest IIP stipend offered this year is ₹62,500 per month by the Schindler Group, and the average stipend offered is ₹25,000 per month.
Speaking on the success of Placements 2018-19 , Dr Durgesh K Agarwal, Dean, Academics and Research, IFIM Business School, said: “The unique bespoke curriculum of IFIM Business School accelerates self-development and provides flexibility to the students to build learning pathways that are aligned with their individual aspirations, thus preparing them to target and win career opportunities. The rigorous model developed by us for corporate engagement eases the process of talent hunting for the corporate and career selection for the student. The delivery of this has been mastered by our faculty over the last five years and the results are clearly visible now.”
Dr Atish Chattopadhyay, Director, IFIM Business School, said: “When it comes to the campus placement, most business schools in India follow the ‘Mela Model’ where, on a single day, a large number of companies vie for a group of students and every company wants to demonstrate that they recruited on ‘Day Zero’, and every school wants to show that it placed most of the students on the ‘Day Zero’. We have taken the first step towards moving out of a ‘Mela Model’ to an ‘Engagement Model’ and the outcome of this year’s placements is a testimony to the success of the shift we have attempted to bring in.”