Indian Institute of Management Udaipur, the youngest member of  the  coveted  IIM  fraternity  has completed the process of Summer Placements for its first batch. The PGP batch of 2013, comprising of some of the best minds of  the nation,  received plenty of opportunities  to  choose  from  a wide range of roles at leading national and international firms.

Despite the economic downturn this year, IIM Udaipur has placed the entire batch of 57 students by December itself. The five month old IIM is thus proud to announce its arrival through this placement season.   

Udaipur, one of the most attractive tourist destinations of  India  is well connected to all the metros via air, rail and road networks. Thus, it  is relatively easy  for  IIM Udaipur to have access to reputed faculties  from  the established  IIMs. Also, the  recruiting companies  found  it convenient  to conduct the selection process at the institute premises.

Though  IIM Udaipur started  its placement process relatively  late as compared  to  the other  IIMs,  it still witnessed  an  overwhelming  response  from  recruiters willing  to  offer  interesting  roles  across domains  to  the  students.  The  innovative  curriculum,  which  has  been  designed  after  numerous deliberations to match  industry needs, was the single most appealing  factor  for the recruiters. The summer internship placement process started in the middle of November 2011, and the whole batch of 57 was placed in just a little over a month.

Approximately 50% of the batch has been placed in State Capitals and Metros with over 20% going to Mumbai. Other cities where  the students shall be working during  their summers are Bengaluru, Chennai, Hyderabad, several areas of the NCR and Jaipur.

The batch had a good mix of profiles to choose from. The various profiles on offer could be broadly classified into Consulting & Analytics, Banking & Finance, Sales & Marketing, General Management & Operations and Human Resources.

Placement Statistics

Sector and  Function Analysis

Banking and Finance

Banking and Finance has been the all-time favourite of management students and IIM Udaipur is no different.  With  Prof.  Sanjeevan  Kapshe  from  SEBI  and  Prof.  Shyamal  Roy,  former  Dean  of  IIM Bangalore,  teaching courses  in  finance and macroeconomics  respectively,  the students were eager to put their skills to test by taking up roles in the Banking and Finance domain. IIM Udaipur thus saw Banking and Finance roles being offered by Nomura Securities, GE India, ICICI Bank, UAE Exchange, Union Bank of  India and YES Bank with 28% of  the  students  choosing  to do  their  internship with Banking and Finance companies. 

Sales and Marketing

Sales and Marketing was another domain which was highly sought after by the batch. Around 28% of the students opted to do their summer  internship with  reputed companies  like Godrej and Boyce, Hindustan Coca Cola Beverages Ltd, Hunter Douglas, United Spirits and Raymond Ltd which offered diverse roles in Sales and Marketing. 

 Consulting and Analytics

Being a fledgling  IIM did not deter esteemed consulting  firms  from visiting  IIM Udaipur. Consulting and Analytics constituted 23% of the offers made on campus with consulting profiles being offered by  Accenture  Business  Consulting,  KPMG  and  ICRA  Management  Consultants  Ltd  while  IBM, Genpact and Infosys BPO offered roles in analytics.

General Maangement, Operations & HR

Operations, being taught by the Director, Prof. Janat Shah himself, the students were well prepared to  impress  companies  which  offered  Operations  and  Strategy  profiles.  There was no dearth of General Management and HR roles either. While 14% of  the batch will be doing  their  summers  in General Management  and  Operations with  reputed  companies  like  Bharti  Airtel,  Tata  Steel  and Secure Meters;  7%  will  be  pursuing  their  summer  internships  in  HR  roles  offered  by  HPCL  and Snowman Logistics Ltd. 

Some Highlights

The highlight of  the  first Summer Placement  season was  the number of  International Placements that were offered on campus. From the very first batch of IIM Udaipur, 9% of the students would be pursuing their internships  in United Kingdom, United Arab Emirates, Qatar and Malaysia  in varied profiles including Marketing, Finance and Operations.

IIM Udaipur might also be the only IIM to boast of a Pre-Placement Offer at this stage. One of our students,  who  impressed  the  interviewers  with  his  passion  for  HR,  received  not  only  a  summer internship but also a PPO from a leading logistics company. 

For the students who expressed interest  in working  for public sector  firms, there was no dearth of options,  as  there  were  various  roles  offered  by  Union  Bank  of  India,  NTPC  Limited,  HPCL and Rajasthan State Mines and Minerals Ltd.

The highest stipend on offer for the internship period is INR 1,00,000 while, the average stipend for the  batch  stands  at  INR  45,600.  The  top  25%  of  the  batch  has  an  average  stipend  of  INR  79,300 whereas the average for the top 50% stands at INR 64,800.

Recruiters Speak

“The students  are  grounded,  clear  thinking  and  hard-working.  They  are well  groomed.  It was  an awesome experience.”– GE India

"We had an exciting over all experience during  the  course of  the  interactions with  the  students as well as with the arrangements made by the institute.”– UAE Exchange

“You clearly exceeded our expectations”– CSS Corp