All the students of the 2020-22 batch in IIM-Visakhapatnam have got summer placement. The students have been offered niche roles with industry leaders and a few have even gone ahead to create histories with respect to the stipends they will get and the roles offered. More than 50 companies participated in the summer placement process and offered multiple offers with the highest stipend secured at Rs. 2 lakhs.
The figures for the current year have broken all previous records and have set new benchmarks. The season witnessed participation from companies in high-growth sectors, such as IT, BFSI, EdTech, manufacturing, FMCG, hospitality and infrastructure to name a few. Big companies like Bosch, Dalmia Bharat, ICICI Lombard, IOCL, Lubrizol, MTR, Modern Foods, Outlook, RBI, TAFE, TATA AIG, V-Guard, Yes Bank, to name a few, participated in the summer placement and hired from IIM-Visakhapatnam. All the recruiters offered roles in different management functions ranging across various domains like sales and marketing, product management, analytics, HR, finance and operations.
The continued trust and confidence reposed in the students of the institute, even in such testing times, is an exemplification of their ability to tame the toughest challenges and prove their mettle, even when the going gets tough. Expressing his delight, Professor M Chandrasekhar, director of the institute said that it was a fitting recognition of the high talent of the students. The record-breaking performance did not come as a surprise as the students had been regularly winning in style as they took part in several tough competitions held pan-India and organised by reputable business schools, he said.
Thanking the recruiters, he exuded confidence that they would find immense value in the contribution made by the interns of the institute. The chairperson of the CDC Professor Saroj Kumar Pani said that “Despite the challenges due to the ongoing Covid situation, IIM-V increased the breadth of recruiters as well as the depth of roles for its summer internship programme. This was possible as we gave importance to matching a student’s abilities and her/his interest to recruiters’ requirements. It’s not easy, but certainly, it’s a win-win situation for our students as well as recruiters”.