Indore (Madhya Pradesh): Despite the challenging global economic climate, Indian Institute of Management Indore witnessed 100 per cent final placements for the batch of 2023-2025 with Consulting domain dominating the scenario and average salary going up by 15.22 per cent compared to last year.
The average CTC increased to Rs 29.57 lakh per annum, while the highest domestic offer stood at Rs 70 LPA. Last year, the average salary was 25.57 LPA, whereas highest package was Rs 1 crore.
The institute witnessed 225+ recruiters participating in the placement process, including 50 new recruiting partners. Over 49% of the batch secured roles in Consulting and Finance, with significant opportunities also offered in General Management, IT/Analytics, Sales & Marketing and emerging sectors like Sustainability and Product Management.
Consulting attracted the maximum offers this year, with 35% of the total offers featuring consulting giants such as Accenture Strategy, Accenture Tech Consulting, Accuracy, Boston Consulting Group, Deloitte India, Deloitte USI, Everest Group, EY, GEP Worldwide, to name a few.
Elite consulting firms expanded their offerings beyond generalist consulting roles to cover specialised positions in avenues like Business Valuations & Modelling, Corporate Finance, Deal Strategy, Digital Transformation, Financial Services Transformation, etc.
The Finance cohort made up 14% of the total offers, witnessing more coveted roles from top recruiters such as Ambit Capital, Axis Bank, Bank of America, Barclays, Citi, CRISIL, Deutsche Bank, Elara Capital, Goldman Sachs, HDFC Life, HSBC, ICICI Bank, etc.
This placement season was marked by an increased participation from a range of recruiters, in key leadership and managerial roles in General Management, HR & Operations. 27% of the batchwere extended offers from major firms, including Adani, Airtel, Biocon, Capgemini ELITE, Cipla, DCM Shriram, Delhivery, Everest Group, General Mills, Godrej Properties Limited, etc.
10% of the batch secured offers in IT/ Analytics roles, being recruited by firms including Accenture Operations, Accordion Partners, Amazon, American Express, Axtria, Capgemini Chrysalis, Cognizant, Genpact, HCL Software, HCL Tech, Hexaware, IDFC First Bank, Microsoft, Motorq, Optum and Wipro.
Recruitments in the Sales & Marketing function formed 13% of the total offers, witnessing participation from eminent recruiters including Aditya Birla Fashion and Retail Ltd, Asian Paints, AstraZeneca, Bajaj Auto, Bajaj Consumer Care, Eli Lilly, General Mills, Haleon, Hindustan Unilever Limited, ITC Limited, Lodha, PepsiCo, Reckitt, Samsung, TATA Consumer Products, TATA Steel and Varun Beverages Limited.
Prof Himanshu Rai, director, IIM Indore said, "Amidst a challenging macroeconomic landscape, IIM Indore has once again demonstrated resilience, with 220+ recruiters extending offers across diverse domains. The outstanding performance of our students, coupled with our continuous efforts to strengthen industry connections, has resulted in another record-setting placement season."
Highlights
Average CTC increased to Rs 29.57 LPA
Maiden salary stands at Rs 27 LPA
Highest domestic offer pegged at 70 LPA
225+ recruiters participate, including 50 new partners
Over 49% of the batch secures roles in Consulting and Finance
Domain wise recruitments
Consulting --- 35%
Gen Management, HR & Ops -- 27%
Finance -- 14%
Sales & Marketing --- 13%
IT/ Analytics --- 10%
