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Top companies flock to IIM-Vizag for summer placements, highest stipend reaches Rs 2.4 lakh


VISAKHAPATNAM: The Indian Institute of Management Visakhapatnam completed summer placements for the MBA 2023-25 batch. The highest stipend offered was Rs 2.4 lakh. The average stipend stood at Rs 69,000, with a median stipend of Rs 60,000. The top 10% of students received an average stipend of Rs 1.58 lakh, and the top 25% of the batch secured an average stipend of Rs 1.17 lakh.The top 50% of the batch also received a healthy average stipend of Rs. 84,000.
The summer placement season at IIMV witnessed enthusiastic participation by both new and existing recruiters spread across industries and domains. Held on a rolling basis, over 163 companies participated in the process, making multiple offers. This included 103 new recruiters offering roles across various domains.
IT and consulting sectors remained the top recruiters, accounting for 26% of the total offers made. The following sectors also saw significant placements: BFSI (23%), manufacturing (14%), EdTech and education (11%), FMCG (8%), retail (4%), healthcare (4%), construction (4%), and other sectors (7%).
Prominent recruiters that reposed confidence in the Institute’s talent include Akzonobel, Arthmate, Asian Paints, Bondada Engineering Limited, Bothra Group, CollegeDunia, CRISIL, D.E.Shaw, Deloitte, E&Y, Freudenberg, FUJITSU, Goldman Sachs, GSK, H-Town, Havells, Heritage Foods, HSL, ICICI Bank, ICICI Lombard, IDEX Corp, IIMVField, Infosys, Integrace, Jio Creative Labs, K12 Techno services, Kalolwala & Associates Pvt Ltd, KPMG, McDonald’s India, Modenik Lifestyle Pvt Ltd., Perceptive Analytics, Pfizer, RAK Ceramics, Rasapoorna Foods, SMC insurance, Sutherland, TATA AIG, Turtlemint, TVS Motors, V-Guard, Walkaroo International, Wella India, Yokohama, etc.

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