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The Indian Institutes of Management (IIMs) are a group of premier management institutes in India. They are known for their rigorous academic programs and their strong placement records.
The placement season for IIMs 2023 started in December 2022 and concluded in March 2023. A total of 24,725 students were placed
The placement success of IIMs can be attributed to a number of factors, including:
- The institutes’ good academic reputation
- The high quality of their faculty and infrastructure
- The strong alumni network
- The focus on developing soft skills and industry-relevant skills in their students
Factros for strong placement record
- Good academic reputation: IIMs are well-known and respected institutes with a good academic reputation. This attracts good companies to the campus for recruitment.
- High-quality faculty and infrastructure: IIMs have world-class faculty and state-of-the-art infrastructure, which provides a good learning environment for students. This helps them to develop the skills and knowledge that are in demand by employers.
- Strong alumni network: IIMs have a strong alumni network, which helps students to get jobs and internships. Alumni often return to the institute to recruit students, and they also provide guidance and support to students.
- Focus on developing soft skills and industry-relevant skills: IIMs focus on developing soft skills and industry-relevant skills in their students. This makes them more employable and helps them to get good jobs.
- Placement training: IIMs provide extensive placement training to their students. This helps students to prepare for interviews and to negotiate salaries.
Placement Process of IIM
- Pre-Placement Talks (PPTs): Companies interested in recruiting from IIMs visit the campus to deliver pre-placement talks. These talks provide students with insights into the company’s culture, job profiles, career growth prospects, and other relevant information.
- Resume Submission: Students interested in participating in the placement process submit their resumes to the placement cell. Resumes highlight their academic achievements, work experience, extracurricular activities, and other relevant details.
- Shortlisting: Based on the resumes and profiles, companies shortlist candidates for further rounds of the placement process. Shortlisted students are typically notified by the placement cell.
- Placement Interviews: Shortlisted students participate in various rounds of interviews, which may include group discussions (GDs), case interviews, technical interviews, and HR interviews. These rounds assess candidates’ analytical, communication, problem-solving, and interpersonal skills.
- Offer Rollout: After the interview rounds, companies extend job offers to the selected candidates. The offer typically includes details about the job role, compensation, location, and other relevant terms.
- Acceptance: Students who receive job offers have the option to accept or decline them. Each student can evaluate the offers based on their preferences, career aspirations, and other factors.
- Placement Committees: IIMs usually have student-run placement committees that coordinate and facilitate the placement process. These committees work closely with companies and students to ensure a smooth experience for both parties.
- Internship Placements: Many IIMs also have a summer internship placement process, usually conducted before the final placements. Summer internships provide students with practical experience in real corporate settings.
- Placement Policies: IIMs often have placement policies that outline rules and guidelines for the recruitment process. These policies ensure fairness, transparency, and equal opportunities for all students.
- Alumni Engagement: IIMs maintain strong alumni networks, and alumni often play a role in mentoring and guiding current students through the placement process, sharing their industry insights and experiences.
Top Recruiters at IIM
- TCS
- Infosys
- Wipro
- Amazon
- Microsoft
- McKinsey & Company
- Bain & Company
- Boston Consulting Group
- Goldman Sachs
- Morgan Stanley
- Aditya Birla Group
- Reliance Industries
- Tata Group
- Unilever
- Shell
- Samsung
- Adobe
- Uber
- JP Morgan Chase
- Citibank
Placement At IIM
| Particulars | Statistics (2022) | Statistics (2023) |
|---|---|---|
| Total students | 23,993 | 24,725 |
| Companies participated | 1,626 | 1,744 |
| Offers made | 23,993 | 24,725 |
| Placement percentage | 99.96% | 99.97% |
Packages At IIM
| Branch | Highest package (LPA) | Average package (LPA) | Lowest package (LPA) |
|---|---|---|---|
| Finance | 1.14 crore | 32.50 | 14 |
| Marketing | 95.50 lakhs | 29.50 | 12 |
| Human Resources | 85.50 lakhs | 27.50 | 10 |
| Operations | 80.50 lakhs | 25.50 | 9 |
| General Management | 78.50 lakhs | 24.50 | 8 |
| Analytics | 75.50 lakhs | 23.50 | 7 |
Frequently Asked Questions
Internships are an integral part of the IIM curriculum. They provide practical experience, industry insights, and often lead to pre-placement offers (PPOs) from the same organizations.
Yes, each IIM has a dedicated placement cell that manages and facilitates the entire placement process. The placement cell acts as a liaison between companies and students.
IIMs invite a diverse range of companies across sectors to participate in campus placements. These companies are selected based on their reputation, industry presence, job profiles, and alignment with student interests.
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