With more IIMs being opened to cater to an increased demand, it is expected to lower the quality of products that IIMs produce. However, I differ with this opinion. There are more brilliant minds in India than the IIMs can accommodate. With this, I believe the placements of the new and the old IIMs is only going to get better!
This year, the placements at IIMs were larger than life. They were bigger in every sense- pay package, number of offers and variety of roles. At many Indian Institutes of Management (IIMs), the 2011 placements were much better than compared to previous years.
Not only the top 3 (IIM-A,B,C), even other IIMs enjoyed a fruitful placement season. The salaries offered for domestic roles increased on an average by about 30% at IIM Kozhikode (IIM-K). The highest international package of $1,50,000 was offered by a commodities trading company to an IIM-K student. Job offers per company also increased by 30% over the last year in this institute. The largest recruiters were ICICI Bank and Deloitte Consulting, with each making 16 offers.
The number of companies increased visiting the campus at IIM Lucknow (IIM-L) saw an increase from 121 to 206 in one year. The number of companies that participated in the placement process has increased and so has the salary packages. The institute has the highest number of offers which amount to 528. There was a 60% increase in first-time recruiters and a marked increase in the number of international offers, with new locations across Singapore, USA, Germany , UK, West Asian and African nations.
Surely, exciting times lay ahead for the student fraternity!