IIM Indore Placement & Packages 2021: Process, Lowest, Highest Packages

IIM Indore Placement & Packages 2021: Process, Lowest, Highest Packages

ByAditi Joshi  |  Updated on: Jul 23, 2021IIM Indore 2021 Details below intended to give Highlights, Admission, Eligibility Criteria, Cutoff, Courses, Fees, Scholarships, Facilities
IIM Indore 2021 Details below intended to give Highlights, Admission, Eligibility Criteria, Cutoff, Courses, Fees, Scholarships, Facilities
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IIM Indore 2021 Highlights on Placements & Packages

IIM Indore Placements 2021 for its PGP have been concluded, achieving a 100% placement record. With 579 participating students and 210 participating recruiters, IIM Indore Highest Domestic Salary Package was Rs.41.50 lakhs per annum, and the highest international salary offered was Rs.56.80 lakhs per annum. The IIM Indore average package stood at Rs.23.60 lakhs per annum, which is 3% more than IIM Indore Previous Year Placement. The average of the top-100 salaries was Rs.33 lakhs per annum for this years IIM Indore Placements.

  Latest Updates

  • Approximately 210 companies participated in the recruitment process, including BCG, McKinsey & Company, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Anheuser-Busch InBev, HUL, ITC, Marico, Amazon, Microsoft, Salesforce, General Electric, and Walmart Lab, Bank of America, DE Shaw, Deloitte, Everest Group, Genpact, Salesforce, Deutsche Bank.
  • Out of all the offers received, top recruiters were Finance, Sales & Marketing and Consulting sectors. Finance Sector contributed about 24% to IIM Indore Placements 2021.
  • In 2021, a total of 120 pre-placement offers were received.

In this article, you will find all information regarding IIM Indore Final Placements 2021 and relevant past placement patterns for your reference. Here is a table that gives you a quick overview of all significant IIM Indore Placement Highlights.

Particulars

Facts

Total no of students participating students

579

Total no of recruiters

210+

Highest CTC (domestic)

INR 41.5 LPA

Highest CTC (International)

INR 56.8 LPA

Average CTC 

INR 23.6 LPA

Top 100 students average CTC

INR 33 LPA

Top recruiters

ACG, ACT, Accenture, Dabur 

IIM Indore Placements Process 2021

IIM Indore Placements follows a specific placement process to help top recruiters hire the most eligible students for the offered jobs. Here is how the IIM Indore Placement Process 2021 has been conducted. 

Step 1- Shortlisting Employer

As a standard procedure, the candidate will have to indicate three to five employers of choice. Employers are ranked in order of preference. If a candidate gets hired by the employer marked as number 1, they will not get an opportunity to sit for the other placement interviews.

Step 2: Inviting companies

The placement committee will begin to contact various companies in the placement process for hiring students. If they say yes, then they will be asked to share hiring numbers and skill requirements through Pre Placement Talks.

Step 3: Pre Placement Talks

At the final placement process, companies are divided into different cohorts depending on which sector they belong to according to which IIM Indore Placement Process is carried out. Students will attend different sessions of corporate presentations where the vision of a company, roles and responsibilities of a job and job profile are explained

Step 4: Aptitude Test and Interview  

The institute sets up an internal aptitude test mechanism, the results of which are shared with employers. Candidates selected in the aptitude tests are required to sit for the Interview rounds.

Step 5: Interviews and Group Discussions

Based on academic qualifications and resume and aptitude test results, candidates shall be selected for interviews and group discussions. While the first round of interviews concludes quickly, a candidate will have to face two more rounds. A group discussion round is followed by a last personal interview with the reporting manager and HR head.

Step 6: Selection and acceptance letter

If the company selects a candidate, they will be sent an employment letter. If they accept the offer (the job role and compensation), they will not be allowed to sit for any more interviews.

IIM Indore Top Recruiting Companies

IIM Indore Top Recruiting Companies

More than 210 companies participated in the recruitment process, and IIM Indore top recruiters on campus included BCG, McKinsey & Co., JP Morgan, Goldman Sachs, Morgan Stanley, AB InBev, HUL, ITC, Marico, Amazon, Microsoft, Salesforce, General Electric, and Walmart Labs amongst others. There were 40+ new recruiters at IIM Indore in this final placements season. IIM Indore Top Recruiting Companies were Amazon, EY Parthenon and Goldman Sachs.  IIM Indore Domain-Wise Top Recruiters are shown in the table below.

IIM Indore Domain-Wise Top Recruiters 2021

Domain

Top Recruiters

Highest CTC (INR)

E-Commerce

Amazon, Magic Bricks

35 LPA

Finance

Goldman Sachs and DE Shaw

28 LPA

Consulting

EY Parthenon and BCG

35 LPA

General Management

ABG, CapGemini Elite, ACT Fibernet

25 LPA

Sales & Marketing

HUL and ITC

27 LPA

IT & others

Comviva & Microland 

21 LPA

*The statistics mentioned is not as per official announcement and is as per the trend and feedback received from various sources.

IIM Indore Sector-Wise Placements

IIM Indore Sector-Wise Placement List 2021

If you look at IIM Indore Sector-Wise Placements, the Finance and Sales & Marketing sectors recruited maximum students. In contrast, the IT/Analytics sector has recruited the lowest number of students. The below table gives you an insight into IIM Indore Placements 2021 for all sectors.

IIM Indore Sector-Wise Placements 2021

Sector

Percentage of Total Placements Offered

Sales and marketing  

23%

Finance 

24%

Consulting

22%

General Management and operations

20%

IT/Analytics 

11%

*The statistics mentioned is not as per official announcement and is as per the trend and feedback received from various sources.

IIM Indore Top Alumni Recruiters

IIM Indore has had a widespread IIM Indore Alumni Network working across various domains, sectors and countries. Out of all the domains IIM Indore Alumni are working in, Business Development and Operations sectors share the top spot with 18% and 14% of alumni. Below are tables representing the data of IIM Indore Top Alumni Recruiters and Domain-Wise IIM Indore Top Alumni Recruiters for your reference.

IIM Indore Top Alumni Recruiters

Recruiter/Company

No. of Alumni

ICICI Bank

191

Cognizant

189

Amazon

144

Tata Consultancy Services

143

Accenture

125

HDFC bank

96

EY

93

Wipro Limited

91

American Express

89

HSBC

83

*The statistics mentioned is not as per official announcement and is as per the trend and feedback received from various sources.

Domain-Wise IIM Indore Top Alumni Recruiters

Domain

Alumni Placement Percentage

Business Development

18%

Operations

14%

Sales

10%

Finance

8%

Consulting

8%

Marketing

7%

Others

35%

*The statistics mentioned is not as per official announcement and is as per the trend and feedback received from various sources.

IIM Indore Sector-Wise Salary Packages

IIM Indore Placements 2021 saw Finance and Sales and Marketing Sectors topping the charts in terms of the highest salary packages. With an average package of INR 23.6 Lakhs per annum and the highest package of INR 56.80 Lakhs, IIM Indore Placements broke all previous year records despite the current pandemic situation and slow economic growth condition. Below is the table explaining IIM Indore Sector-Wise Salary Packages offered by top recruiters.

IIM Indore Sector-Wise Salary Packages 

Sectors

Salary Range

Finance

INR 14-28 Lakhs per annum

Sales & marketing

INR 13-27 Lakhs per annum

Consulting

INR 13-35 Lakhs per annum

IT/Analytics

INR 14-25 Lakhs per annum

General Management

INR 17-25 Lakhs per annum

E-Commerce

INR 15-35 Lakhs per annum

*The statistics mentioned is not as per official announcement and is as per the trend and feedback received from various sources.

Posted by:

Aditi JoshiAditi JoshiMember since Mar 2021
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IIM Indore College Placement & Packages FAQs

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  • Summer placement is the internship program (with stipend) opportunities provided to students by the institute on completion of their first year of MBA. Top companies such as IBM, BCG, McKinsey, P&G, etc., offer internship offers to IIM students.

  • You are required to submit your details to IIM Indore official website. The brochure will be mailed to you and to the address specified by you in soft copy or hard copy format, as per your choice.

  • Yes. Different MNCs offer job profiles for foreign locations during IIM Indore Placements. This year the highest international package offered was INR 56.80 Lakhs per annum.

  • The institute tries its level best to get 100% placement done for all students. However, it also depends on the luck and performance of students. For most years, IIM Indore Placements are 100 per cent or close to a hundred per cent.

  • IIM Indore concluded its summer placements 2020-2021 with a total of 300 offers made to 405 students. But out of all, only 250 offers were accepted. The Sales and Marketing, Consulting sector made the maximum summer placement offers.

  • Placement Fees is not applicable for the hiring of summer interns. It is applicable for the final & lateral placements. If the firm extends a PPO to the summer intern, the fees will be charged. The Placement Fee is applicable for the full-time hire from any of the programmes (i.e. PGP and PGPX) in IIM Indore.

  • No, it is not compulsory. However, it is highly suggested that students sit for IIM Indore Placements organized on-campus to get placed in good companies with high packages.

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