IIM-Vizag Summer Placements 2023: Highest stipend increased by 75%

During IIM-Vizag Summer Placements, the median and average packages also registered an increase of 28.83% and 19.33% respectively over the previous season.

IIM Visakhapatnam Summer Placements 2023: The Indian Institute of Management-Visakhapatnam (IIM-V) MBA 2023 batch has recorded the highest stipend, registering a 75% increase over last year at INR 3.5 lakh for the two-month internship and the average stipend across the batch at INR 57,700.

IIM Vizag has concluded the Summer Placements Drive for the MBA 2023 batch with the students achieving 100% placements despite the pandemic challenges, according to a statement issued by the Career Development Services (CDS) of IIM-V on Wednesday.

New & Existing Recruiters Participated

Various new and existing recruiters spread across industries and domains participated in the recruitment process at IIM-V. IT/ITES hired fresh talent, accounting for 27% of the total offers made. The offers made during IIM-Vizag Summer Placements 2022 were followed by 22% offers from BFSI sector, 12% of offers from Consulting, 10% offers each from the Manufacturing and Ed Tech sector and 5% offers from the E-Commerce sector.

Highest Package Increased By 51.78%

During the IIM-Vizag Summer Placements 2022, the highest package stood at INR 31.60 lakh, i.e. a total of 51.78% growth over last year. Meanwhile, the median and average packages also witnessed a significant hike during the placement process at IIM Visakhapatnam, i.e. INR 15.46 lakh and INR 15.06 lakh, respectively, registering an increase of 28.83% and 19.33% respectively over the previous season. IIM-V Director M. Chandrasekhar and CDS Chair Deepika Gupta commended the students on their achievements.

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