The Indian Institutes of Management are a group of 19 public, autonomous institutes of management education and research in India. They primarily offer postgraduate, doctoral and executive education programmes.
In its latest placements report, Indian Institute of Management, Indore records an average salary of Rs 15.67 lakh per annum, 10 per cent higher from the previous year. However, the highest domestic package offered is Rs 32 lakh, a slight drop of 8.5 per cent (Rs 35 lakh) from the previous year. Similarly, while the highest international package of 2015 was Rs 43.6 lakh, this year it stood at Rs 30 lakh.
The batch includes 447 PGP Indore, 64 PGP Indore – Mumbai campus participants along with 106 participants from the first batch of the five-year Integrated Programme in Management (IPM).
This year, a total of 162 recruiters including 53 first time recruiters, provided offers to 617 participants, the largest across all IIMs. The batch includes 447 postgraduate programmme – Indore, 64 postgraduate programmme Indore – Mumbai Campus participants along with 106 participants from the first batch of the five-year Integrated Programme in Management (IPM).
The finance sector and sales and marketing were the leading recruiters with around 150 offers each. About 110 offers came from FMCG and 45 offers from the consulting sector.
“I am delighted to see validation of our approach with more than 600 of our 2-year PGP and 5-year IPM graduates accepted by leading companies across sectors for challenging managerial positions this year,” said, Prof Rishikesha T Krishnan, director of IIM Indore.
Of course, the salary levels vary greatly with a business management degree depending on the type of “business managing” you are looking to go into. You also will want to consider the bachelors vs. masters degree as well start up business does play a major role these days. Across the Indian start-up sector, growing networks of alumni from some of the best-known colleges in India and overseas are helping entrepreneurs find money and grow businesses.
From IITs, BITS Pilani to IIMs…start-ups by alumni of renowned institutes have taken India by a storm in the past few years.