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.
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