Do you want to know the result of IIM Visakhapatnam Placement in 2023?

So, in this article of Formfees, you will get to know all about IIM Visakhapatnam Placement, and summer placement with every sector and domain.

IIM Visakhapatnam Placements 2023 is now complete, with all positions filled to 100%. IIM Visakhapatnam's highest package was INR 32.65 LPA, while the average package was INR 16.61 LPA  which increased by 10.29%. Total 193 students, or 17% of the total, were offered two offers. The IT & Consulting sector made the most offers (33%) followed by the BFSI sector (26%). 25% of the offers went to the positions in product, strategy, and consulting. 95 of the 141 organizations that took part in the placement drive were new recruiters. Among the leading employers were Adani Group, Cognizant, Asian Paints, and so on.

The IIM Visakhapatnam Summer Internship Placements 2024 are now closed. The highest monthly compensation at IIM Visakhapatnam was INR 2.5 lakh, while the average monthly stipend at IIM Visakhapatnam was INR 79 K, which is an increase of 38%. IIM Visakhapatnam recorded 100% of summer placements. Only the IT and ITES sectors made up 22% of the internship offers.

The student cohort exceeded all expectations by demonstrating exceptional all-around performance and obtaining prestigious offers in rich profiles and unique professions from more than 100 businesses that made placement offers during IIM Visakhapatnam's placement process in 2023.

Highlights

• IIM Visakhapatnam Placement for the PGP 2021–2023 Batch is 100%
• IM Visakhapatnam's average package is Rs. 15.47 LPA in Placement 2023, which is increased by 6% increase.
• IIM Visakhapatnam's average package for candidates with experience has increased to Rs. 17.21 LPA.
• IIM Visakhapatnam's highest package is Rs. 32 LPA in Placement 2023, which is increased by 36% increase.
• The top 10%'s average salary increased by 13% to Rs. 22.72 LPA from Rs. 20.13 LPA the previous year.
• The top 25%'s average salary increased by 11% to Rs. 20.02 LPA from Rs. 18.07 LPA the previous year.
• The top 50%'s average salary increased by 7% to Rs. 17.94 LPA from Rs. 16.7 LPA the previous year.
• Placement 2023 saw 100 firms participate, including 61 new ones. The main recruiting area was found to be IT and consulting, with 34% of students receiving placement offers.
• Among the top recruiters are Amazon, Adani Group, Accenture, Cognizant, Deloitte, Infosys, and Reliance Retail.

The placements at IIM Visakhapatnam, which is in its seventh batch, are better than those of other esteemed, established B-schools that haven't completed their final placement by 2023. Even in the face of intensifying competition, the IIM Visakhapatnam students have shown great performance in attracting the nation's leading firms. The industry has offered a variety of profiles and specialized employment.

The Post Graduate Programme (PGP), at the Indian Institute of Management (IIM) Visakhapatnam leads to an MBA degree upon successful completion, is the primary management curriculum.  IIM Visakhapatnam continues to inspire confidence in recruiters.  Several offers were made throughout the placement season by over 100 organizations. Furthermore, 61 new recruiters provided opportunities across a range of industries, such as strategy, sales, BFSI, consultancy, marketing, HR, IT, and analytics.

IIM Visakhapatnam Placement Report

IIM Visakhapatnam's highest package is Rs. 32 LPA in Placement 2023, which is increased by 36% increase. While IM Visakhapatnam's average package is Rs. 15.47 LPA in Placement 2023, which is increased by 6% increase.

Below is the table of Placement Statistics for the years 2022 & 2023

Particulars	Placement of the Year 2022	Placement of the Year 2023
Number of New Recruiters	49	95
Number of Recruiters	86+	141
Placement Percentage	100%	100%
Highest Salary	INR 31.60 LPA	INR 32.65 LPA
Average Salary	INR 15.06 LPA	INR 16.61 LPA
Average Salary for Working Professionals	-	INR 18.32 LPA
Top 50% Average Salary	INR 17.82 LPA	INR 20.24 LPA
Top 25% Average Salary	INR 19.39 LPA	INR 23.63 LPA
Top 10% Average Salary	INR 20.67 LPA	INR 29.03 LPA
Median Salary	INR 15.46 LPA	INR 16 LPA
Top Sector	IT/ITES, BFSI	IT & Consulting (33%)
Top Domain	Consulting	-
Top Recruiters	HCL, HDFC Bank, Amazon, BYJU’s, etc	Adani Group, Cognizant, Amazon,  etc

IIM Visakhapatnam, one of the seven newest IIMs to open with a first batch in 2015–16, has continued the tradition of accomplishing 100% final placements and has reported 100% placement with a high average wage for the PGP 2021–2023 batch.

Below are the Placement Trends over the last five years

IIM Visakhapatnam Placement Year	Average Salary (Rs. In lakhs)	Highest Salary (Rs. In lakhs)
IIMV Placement 2018	12.07	--
IIMV Placement 2019	12.61	22.00
IIMV Placement 2020	13.08	27.00
IIMV Placement 2021	12.62	20.82
IIMV Placement 2022	14.60	23.50
IIMV Placement 2023	15.47	32.00

IIM Visakhapatnam Placements Sector Analysis

According to the data gathered. At IIM Visakhapatnam placements 2023, 141 recruiters all made placement offers.

The IIM Visakhapatnam batch 2023's Sector-by-Sector analysis is displayed in the following table

Sectors	CTC( LPA)
Marketing	12 - 14
General Management, Operations & HR	11 - 17
BFSI	10 - 22
Strategy & Consulting	9 - 23
IT & Analytics	12 - 26

IIM Visakhapatnam Placement for Strategy & Consulting Sector Placements

You will learn about the highest-paying Strategy and consulting sector that applied for IIM Visakhapatnam Placement in this area.

The table below displays the Strategy and Consulting  Sector Placements for IIM Visakhapatnam's batch 2023

Sectors	CTC( LPA)
EY	10 - 13
Cognizant	14 - 18
Deloitte	10 - 13
Adani	23
KPMG	9 - 12
Infosys	10 - 12
HCL Tech	10 - 12

IIM Visakhapatnam Placement for General Management, Operations & HR Sector

Zetwerk, with a package of 15–17 LPA, is the top-paying company in the General Management, Operations & HR Sector of IIM Visakhapatnam placement. Mahindra comes in second, with a range of 12–15 LPA.

The following table shows the Industry Placements for the General Management, Operations, and HR Sector for the batch 2023

Company	CTC(LPA)
Zetwerk	15 - 17
Mahindra	12 - 15
Tata Advanced Systems	11 - 12

IIM Visakhapatnam Placement for BFSI Sector

We all know that BFSI has a major role play in the IIM Visakhapatnam placement. The highest-paying company in BFSI is Yes Bank with a package of 20-22 LPA, followed by KredX with a package of 18-20 LPA.

The following table shows the IIM Visakhapatnam BFSI Sector Placements for batch

Company	CTC(LPA)
Yes Bank	20 - 22
HSBC	15 - 17
KredX	18 - 20
ICICI Bank	16 - 18
Anand Rathi	12 - 14
TresVista	15 - 17
Mahindra Finance	10 - 12

IIM Visakhapatnam Placement for Marketing Sector

For Marketing sector , IIM Visakhapatnam Placement has got only two offers from company Amazon and Amul.

The following table shows the Marketing Sector Placements for batch at IIM Visakhapatnam

Company	CTC(LPA)
Amul	12
Amazon	12 - 14

IM Visakhapatnam Placement for IT & Analytics Sector

The following table shows the IIM Visakhapatnam IT & Analytics Sector Placements for batch

Company	CTC(LPA)
MAQ Software	26
Accenture	12 - 15

Sector Wise IIM Visakhapatnam Placements

In this part, you will get to know percentage of placements in different sectors. In which the IT & Consulting sectors got the highest percentage of 33% and the lowest percentage for E-Commerce of 3%.

The IIM Visakhapatnam batch Placements by Sector are shown in the following table

Sectors	Placements in %
IT & Consulting	33%
BFSI	26%
Manufacturing	16%
Logistic	4%
Retail	3%
FMCG	3%
E-Commerce	3%
Others	12%

Roles for IIM Visakhapatnam Placements in

Here, you will get to know the percentage of placements in different roles. In which the Product, Strategy & Consulting role got the highest percentage of 25% and the lowest percentage for Analytics of 3%.

The roles-wise statistics of IIM Visakhapatnam Placements are displayed in the table below

Roles	Placements in %
Product, Strategy & Consulting	25%
Finance	19%
General Management & Leadership Roles	17%
Operations & SCM	12%
Marketing, BD & DM	14%
HR	8%
Analytics	5%

Sector Wise IIM Visakhapatnam Placements

The IT/ITES sector employed the greatest number of recruiters during IIM Visakhapatnam Placements 2022, followed by the BFSI sector. The IT/ITES sector accounted for the greatest number of placements.

The IIM Visakhapatnam Placements 2022 Sector-Specific Highlights are displayed in the table below

Sectors	Placements in %	Recruiters in %
BFSI	33%	24%
IT/ITES	34%	35%
Consulting	15%	8%
FMCG	-	4%
Manufacturing	8%	13%
E-Commerce	7%	5%
EdTech/Education	-	6%
Others	3%	5%

Domain Wise IIM Visakhapatnam Placements

Here, you know which domain has secured the highest percentage. The consulting industry generated the greatest number of offers during IIM Visakhapatnam Placements 2022.

The Domain Specific Highlights of IIM Visakhapatnam Placements 2022 are displayed in the table below

Domain	Placements in %
Strategy	13%
Consulting	32%
Finance	11%
Marketing & Sales	11%
General Management	11%
Analytics	5%
Product Management	5%
HR	5%
Operations	3%
Others	4%

Domain Wise IIM Visakhapatnam Placement Statistics

A number of students received job offers from IIM Visakhapatnam placements 2023, both in India and abroad.

The specifics of the 2023 IIM Visakhapatnam Domain Placements are shown below

Domain	Roles Offered	Top Recruiters
Marketing	Pre-Sales and Solution, Product Management, Product Marketing, Project Management, Manager, and Other	Reliance Retail, Whirlpool, Amazon, Amul, and others
Strategy and Consulting	Solution Advisor, Business Consultant, Healthcare, Business Analyst, Strategy Manager, Risk and more	Deloitte, KPMG, HCLTech, EY, Cognizant, and others
Banking Financial Services and Insurance	Investment Banking, Project Advisory and Structured Finance, Digital Wealth Management, Financial Planning, Management, and more	HSBC, ICICI Bank, SBI Capitals, and others
General Management, Operations and HR	Management Trainee, HR Associate, Operations and Supply Chain Associate, among others	Mahindra Logistics, GMR, MTR, and others
IT and Analytics	IT Transformation, Healthcare Analytics, Program Management, Product Management, and others	Cognizant, Amazon, LatentView, Accenture, and others

Top Recruiters at IIM Visakhapatnam Placements

The ongoing faith and confidence that employers have in the Institute's students has led to the hiring of numerous excellent recruiters this year as well.  Top recruiters included ABSYZ Inc., Accenture, Adani Group, Airtel Payments, Amazon, Amul, Anand Rathi, ArcelorMittal, AUSF Bank, Infosys, Integrace Health, Invesco, KPMG, LatentView Analytics, Mahindra Logistics, Poonawalla Housing Finance, Quadrant, Reliance Retail, SBI Capital, State  Axis Bank, Bosch, Bandhan Bank, Brillio, Cognizant, Comviva, Crompton, Deloitte, EY India, Factspan, Future Generali, Haldiram, HCL, HDFC Bank, ICICI Bank, ICICI Lombard, ICICI Prudential, IStreet, TAFE, TATA Advanced Systems, Wildcraft, YES Bank, Zetwerk, 3i Infotech.

Top Recruiters
Infosys
ICICI Lombard
Amazon
LatentView Analytics
Zetwork
Cognizant
Comviva
Crompton
Deloitte
EY India
Factspan
Future Generali
Haldiram
ArcelorMittal
AUSF Bank

Sectoral Placement

The IT & Consulting industry emerged as the top hiring sector, accounting for 34% of placements.

The following sections comprised the breadth of Placements

• Consulting & IT: 34%
• 26% for BFSI
• Production: 14%
• Sales: 5%
• 4% of FMCG
• Online sales: 3%
• 9% others

Roles Available

Jobs in a variety of fields, including consulting, strategy, finance, product management, analytics, brand management, marketing, human resources, and IT, were extended to IIM Visakhapatnam students.

"Our faculty's subject knowledge, research strengths, experience-based teaching, training, coaching, and mentoring are a great combination in capacitating the students to realize their true potential," said Dr. Chandrasekhar, Director, in remarks made in response to the successful placement of 2023. He also praised the Career Development Services (CDS), the PlaceCom teams, and the institute's faculty for their crucial mentorship.

Profile of the IIM Visakhapatnam Batch

There is a decent mix of male and female students in the IIM Visakhapatnam PGP 2021–2023 cohort, as well as a good proportion of students from academic fields other than engineering.

The batch's essential details are

• Size of the batch: 189 pupils
• Gender Diversity: Of the 2021–2023 IIM Vizag batch of students, 70% are male and 30% are female.
• Cultural Diversity: The students in the batch 2021–2023 represent 21 Indian states.

Diversity in Academics

Students from a variety of Academic Backgrounds are listed below

Academic Discipline	Percentage of Students to Total Batch
Engineering	39%
Commerce	25%
Arts	7%
Business Administration	15%
Science	12%
Others	2%
Total	100%

Experience at Work

There are quite a few students in the PGP 2021–2023 batch at IIM Visakhapatnam who have professional experience, as shown below

Freshers	68%
Students with work experience	32%

Out of the seven IIMs that have finished the Final Placement for the PGP batch 2021–2023, IIM Visakhapatnam is the most recent. The accomplishment is all the more noteworthy because, prior to their convocation, IIM Visakhapatnam was able to place its students in a variety of sectors, firms, and industries.

As one of the six IIMs mentioned in the 2014 Union Budget, IIM Visakhapatnam was established in 2015. Although the budgets for five of the six IIMs were finalized in 2014, IIM Visakhapatnam's fate was not finalized until 2015; up until that point, it remained a Government Ordinance entity. IIM Visakhapatnam receives mentoring from IIM Bangalore. There are off-campus hostels available for applicants at IIM Visakhapatnam's temporary campus, as there are no on-campus hostels available.

IIM Visakhapatnam Summer Internship Placements Report for 2024

IIM Visakhapatnam had an incredible response from organizations during its summer internship placements for the batch 2022-24. 134 recruiters paid visits to the 271 students and extended offers of internships. The highest stipend awarded this year was INR 2.5 lakh for a two-month period; the average was INR 79,000; and the median was INR 70,000.

To fill a range of roles, over forty-three recruiters who were hiring for the first time visited the IIM Visakhapatnam MBA students. Among the leading recruiters were EY, Goldman Sachs, Adani Group, Bain & Co, Cognizant, and others.

The MBA group 2022–24's Summer Internship Placement Report is as Follows

Particulars	Statistics on Internships in 2024	Statistics on Internships in 2023	Stipend for Internships in 2022
New Recruiters	96	41	-
Number of Recruiters	134	60	-
Number of Students	271	-	-
Internship Percentage	100%	-	-
Median Stipend	INR 70 K per month	INR 50 K per month	-
Average Stipend	INR 79 K per month	INR 57 K per month	INR 62.264 K per month
Highest Stipend	INR 2.5 Lakhs per month	INR 3.5 Lakhs per month	INR 2 Lakhs per month
Major Sectors	IT/ITES. Edtech, Pharma	IT/ITES, BFSI	-
Top Recruiters	EY, Goldman Sachs, Adani Group, Bain & Co, Cognizant, etc	-	-

Sector-Wise Summer Internship Placements at IIM Visakhapatnam 2024

IT/ITES got the highest offers by 22% followed by BFSI sectors by 19%.

The Summer Internship jobs by sector for IIM Visakhapatnam batch 2022–2024 are shown in the following table

Sectors	Offers in %
BFSI	19%
IT/ITES	22%
Consulting	12%
Manufacturing	7%
Real Estate and Construction	4%
FMCG	8%
Pharma & Healthcare	7%
Edtech and Education	7%
Others	14%

Top Recruiters for Summer Internships at IIM Visakhapatnam in 2024

Below are the list of Top Recruiters of a Summer Internship in IIM Visakhapatnam Placement

Adani	KPMG	Invesco
Cinepolis	Heritage	Larsen and Toubro
BOSCH	ICICI Bank	Latentview
Bain and Company	ICICI Lombard	JustDial
SBI Life Insurance	Schneider Electrics	State Street
Cognizant	Goldman Sachs	Masaba
Concept NINJAS	EY	MTR
Decathlon	Deloitte	SBI Caps
Tiger Analytics	Ceipal	Inker Robotics
Company Store	FUJITSU	MAX
TATA AIA Life Insurance	Yes Bank	Ultratech Cement

IIM Visakhapatnam Network  Alumni

Below is the list of Alumni network of IIM Visakhapatnam

Organization Name	Number of Alumni
Deloitte	27
Ministry of Skill Development & Entrepreneurship	27
IDFC First Bank	16
HCLTech	14
Indian Institute of Management Visakhapatnam	82
Amazon	12
Cognizant	11
BYJU’s	11
Yes Bank	9
Tata AIG General Insurance Company Limited	10
KPMG India	9
ICICI Bank	9
Vyuham - The Consulting Club, IIM Visakhapatnam	8
AU Small Finance Bank	9
Infosys	8

IIM Visakhapatnam Placement 2022

According to reports, the Indian Institute of Management Vishakhapatnam Placement Cell met its goal of placing 100% of students by the year 2022. A placement unit at IIM Vishakhapatnam facilitates student connections with prominent figures in the industry. The institute receives a lot of communication from prestigious companies looking to hire. The Placement Cell of IIM Vishakhapatnam assists students in developing robust resumes for their intended careers.

Pre-placement drives at IIM Vishakhapatnam provide a platform for firms and students to engage and share information. One of the components of the training for placements at IIM Vishakhapatnam is interactive sessions with distinguished personalities. According to the IIMV placement process, the students apply based on the company's presentation and their own interest levels.

After that, applications are sent to the company within a specified time range. Businesses have a set amount of time to assess and hire. corporations are asked to provide a shortlist of applicants that they are interested in hiring during the shortlisting process. Interviews are then conducted on campus, where students sit down for interviews with prestigious corporations.

In comparison to prior years, the wage packages provided to candidates have risen by 13.33% for the year 2022. In the 2022 IIMV placement season, 100% of candidates were placed. During the 2022 placement campaign at IIM Vishakhapatnam, the highest wage package provided to candidates was Rs 31.6 LPA. During the campus placements at IIM Vishakhapatnam in 2022, candidates received an average remuneration package of Rs 15.06 LPA.

Particulars	Details
Median Salary Package Offered	Rs 15.46 LPA
Highest Salary Package Offered	Rs 31.60 LPA
Average Salary Package Offered	Rs 15.06 LPA
Placement Percentage	100%

Top Recruiters of IIM Visakhapatnam Placement 2022

Below is the table of Top Recruiters of IIM Visakhapatnam Placement of the Year 2022

Yes Bank	Ola	Amul
Chella Software	Delhivery	HCL
ICICI Bank	India Mart	Infosys
Amazon	Ameex	Avaali
KPMG	Meru International School	MTR Foods
NCR Corporation	Sresta	SBI General Insurance
Equalize RCM Services	Quarry	Tech Mahindra

Frequently Asked Questions about IIM Visakhapatnam Placement

Q. What is the highest placement in IIM Visakhapatnam?

Ans. Placements at IIM Visakhapatnam 2023 are now complete, with 100% of students placed. The highest package at IIM Visakhapatnam was INR 32.65 LPA, while the average package climbed by 10.29% to INR 16.61 LPA.

Q. Is IIM Visakhapatnam worth joining?

Ans. It's among the top baby IIMs in the nation. The batch's placement record is 100%; every student was assigned to a reputable organization with competitive compensation. The Institute's most affordable package was over 20 lakhs, while its least expensive was over 13 lakhs.

Q. What is the average salary in IIM Visakhapatnam?

Ans. Placements at IIM Visakhapatnam, 2023 Report

IIM Visakhapatnam Placement Year	Average Salary (Rs. In lakhs)	Highest Salary (Rs. In lakhs)
IIMV Placement 2018	12.07	--
IIMV Placement 2019	12.61	22.00
IIMV Placement 2020	13.08	27.00
IIMV Placement 2021	12.62	20.82
IIMV Placement 2022	14.60	23.50
IIMV Placement 2023	15.47	32.00

Q. Is IIM Vizag good or bad?

Ans. IIM Visakhapatnam is a superb choice for an MBA because it is one of India's best management schools, ranking 29th by NIRF 2023.

Q. How many recruiters visited the campus during IIM Visakhapatnam Placements 2023?

Ans. Around 141 recruiters came to the campus for the 2023 IIM Visakhapatnam Placements.

Q. What was the highest stipend received during IIM Visakhapatnam Summer Internship Placements 2024?

Ans. The maximum monthly stipend offered at the IIM Visakhapatnam Summer Internship Placements 2024 was INR 2.50 Lakhs.

Q. What was the average stipend received during IIM Visakhapatnam Summer Internship Placements 2024?

Ans. For the summer internship placements in 2024 at IIM Visakhapatnam, the average monthly compensation was INR 79 K.

Q. Which recruiters participated during IIM Visakhapatnam Placements 2023?

Ans. Employers from Amazon, HDFC Bank, and other companies took part in the 2023 IIM Visakhapatnam Placements.

Q. How is life at IIM Visakhapatnam?

Ans. The Indian Institute of Management Visakhapatnam (IIM Visakhapatnam), a prestigious business school in India, offers a challenging academic curriculum with a focus on practical applications. For its students, IIM Visakhapatnam provides a mix of social interactions, leisure pursuits, and academic efforts.

Q. Is it hard to get into IIM Vizag?

Ans. Getting into IIM Visakhapatnam is not difficult provided the right preparation is made early on. To be admitted to IIMs and other elite management schools, applicants must pass the fiercely competitive CAT exam.