IIM Udaipur Summer Placements 2022–24: Average stipend for MBA Batch Rises by 28.78%

New Delhi: Indian Institute of Management (IIM) Udaipur has successfully concluded its summer placement process for the MBA batch of 2022-24, where the average stipend recorded a rise of 28.78%.

During the IIM Udaipur Summer Placements 2022-24, a total of 319 eligible MBA candidates secured promising positions through the Institute placements, making themselves the most varied batch in history of IIM Udaipur.

IIM Udaipur Summer Placements 2022-24: Highlights 

More than 80 companies made lucrative offers to the 12th batch of MBA students at the institute, and almost a total of 41 recruiters partnered with the Institute for the first time. 

Some of the well-known companies during the summer placements were Goldman Sachs, Bain & Co., Accenture Strategy, JP Morgan Chase & Co., State Street, Cisco, Wells Fargo, PwC, Everest Group, Lubrizol, Amazon, American Express, Pidilite, General Electric, Aditya Birla Capital Limited, Accenture Technology, Bajaj Auto, Yes Bank, Asian Paints, and Puma.

Being one of the four IIMs, IIM Udaipur, will release an externally audited placement report on its website in accordance with the Indian Placement Report Standards (IPRS). In the meantime, it revealed the topline results and kept up its upward trend, offering the batch's highest stipend of INR 4 lakhs offered in the Consulting sector. 

The top 10 percent secured an average stipend of INR 3.25 lakhs; while top 20 percent of the MBA students secured an average of INR 2.59 lakhs, and the top 50 percent received an average stipend of INR 1.96 lakhs.

The number of offers made in the Consulting sector witnessed a remarkable upswing, increasing by 108% compared to last year. Further, the MBA students of IIM Udaipur bagged international internships this year. 

Many past recruiters including Accenture Strategy, Accenture Technology, Aditya Birla Capital, Amadeus, Amazon, Amul, Asian Paints Ltd., Baccarose, Bain and Co., Bajaj Auto, BNY Mellon, Capgemini, Cisco, Crompton Greaves Consumer Electric, Cummins, Elasticrun, FridayFictionFilms, and Gartner, visited the institute for the summer placements. 

Besides, some of the top-notch companies like General Electric, Goldman Sachs, ICICI Bank, ICICI Lombard, Info Edge, Lubrizol, McCain, McKinsey Digital, MTR, Natwest, OfBusiness, Pidilite, Puma, RBI, Schindler India, Secure Meters, TAFE Limited, Terumo, Tiger Analytics, Titan, Transworld, UNext Learning, Yes Bank, and VIP Industries Ltd. also returned to the campus during the placements. 

The MBA students received internships for the profiles spanned across Analytics, Finance, HR, Operations, Product Management, Project Management, Sales & Marketing, and Strategy and Consulting, with the highest number of offers in Strategy and Consulting. 

Commenting on the institute's accomplishment, IIM Udaipur Director Professor Ashok Banerjee congratulated the first-year MBA students who were able to get 100% of summer internships. 

He stated that these internships are a crucial component of student education and a valuable opportunity for real-world company experience. He appreciated the confidence that both new and returning businesses have placed in the student talent at IIMU.

Expressing his gratitude to the Placements Team and Placecomm members for enabling the expansion of the corporate bonds, he said that it is reflected in the significantly raised benchmarks for stipends paid. 

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