IIM Indore Student Bagges Rs 1 Crore Salary Package from E-Commerce Company

A student from the Indian Institute of Management (IIM) Indore has clinched a staggering annual salary package of Rs 1 crore from a leading e-commerce company. This marks the highest annual package in this session’s final placement round at IIM-I. The student securing the lucrative sales and marketing position marks a major milestone for both him and the institution.

An official told PTI, “One of our students has bagged the highest salary package of Rs 1 crore during the final placement period of this session. This student has been offered a job in the sales and marketing department by a company in the e-commerce industry. The offer is for domestic placement.”

The official further revealed that despite the challenges posed by a cooling job market, the season concluded successfully as over 150 recruiters extended offers to 594 students enrolled in the two-year Post Graduate Programme (PGP) and five-year Integrated Programme in Management (IPM). The average Cost to Company (CTC) for the year stood impressively at Rs 25.68 LPA, with a median CTC of Rs 24.50 LPA. Additionally, it was highlighted that the highest compensation offered on campus reached an unprecedented Rs 1 crore per annum.

While speaking to the news agency, Director Himanshu Rai expressed his pride in the achievement, emphasising the institution’s belief in the importance of integrating academia and industry for students’ welfare. He highlighted their consistent efforts to bridge this gap, noting that the student’s success in securing fulfilling career opportunities amidst ongoing economic uncertainties reaffirms the efficacy of their philosophy. He also mentioned that over 50 new recruiters have partnered with IIM Indore this year.

Consulting garnered 25% of the total offers, followed by finance with 19%. Sales and marketing roles constituted 19% of the total offers, while 12% of the batch opted for positions in IT/analytics. Additionally, 25% of the batch received offers for roles in general management, HR, and operations combined.

The list of new recruiters featured Accenture Operations, Airtel, Bajaj Consumer Care, CAMS, DataLink, ESAF Bank, Godrej & Boyce, Mindsprint, Navi, OLA Electric, Searce, HCLSoftware, HDFC Life, Hero Future Energies, Jio Financial Services, SBI Securities, Indus Insights, IndusInd Bank, Sutra Management Consulting, ThoughtFocus, Ujjivan Small Finance Bank, Suzlon Group, Unacademy, Zinnov, and Zycus.