Proud moment! IIM-Indore student bags salary package of Rs 50 lakh

In what has come as a proud moment for the institute, a student of the Indian Institute of Management, Indore (IIM-I) has bagged a salary package of Rs 50 lakh per annum, an official said on Thursday. The institution recently completed placements for this year and one of its students bagged the highest salary package of Rs 50 lakh per annum. On an average Rs 22.92 lakh per annum was offered to students this year and the highest domestic package was Rs 50 lakh per annum, the IIM-I official said.

The institute has 100 per cent PGP placements 2020 for the PGP batch comprising of 578 candidates. The institute has successfully completed placements for the 2 year Post Graduate programme and 5-year Integrated Management programme.

A rise of 23 per cent has been reported in domestic packages in this season where a total of 160 recruiters participated. During the final placements last year, the highest annual salary package offered was Rs 40.5 lakh, the official revealed.

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Two offers were made to students for jobs abroad. However, the salary offered to them was not revealed by the institute. This batch is the largest across all IIMs to pass the course in a single academic session, he added. Consulting, Sales, Marketing, and Finance companies extended highest number of offers to the candidates.

About IIM Indore

The Department of Higher Education, Ministry of Human Resource Development, Government of India had established Indian Institute of Management Indore as Institutions of Excellence. Established in 1996, Indian Institute of Management Indore (IIM Indore) has been a leader in the field of management education, interfacing with the industry, government and PSUs.

It is promoted and nurtured by the Ministry of Human Resource Development, Government of India and is an institute of national importance under the Indian Institutes of Management Act 2017.