IIM Indore was the fifth IIM established by the Indian government. Established in 1996, it offers a two year PGP programs based out of Indore in Madhya Pradesh. It also offers a non residential two-year full-time Post Graduate Programme in Management (PGP) in Mumbai. Like the other IIMs, IIM Indore also nets its graduates high packages during placements.
In 2017, IIM Indore had the largest batch size across IIMs with a total strength of 611 students. These included 449 students of the Post-Graduate Programme , 100 students of the 5-year Integrated Programme and 62 students of the PGP programme at its Mumbai Campus. Most of the students had little to no work experience prior to pursuing courses at IIM Indore. The maximum work experience was 3 years.
Over 200 companies participated in the placement process. According to the institute’s website, the average CTC for the PGP batch stood at Rs 16.23 lakh. The IIM Indore highest package offered was Rs 39 lakh, with the highest domestic CTC was Rs 37 lakh.
The highest job offers (28%) came from strategy and consulting sector followed by the financial sector (27%). Major strategy and consulting sector recruiters included Boston Consulting Group, Cognizant, Deloitte, Ernst & Young, KPMG and PwC. The finance domain included investment banks like Credit Suisse, Deutsche Bank, Goldman Sachs and JPMorgan Chase & Co. and banks such as Axis Bank, HDFC, HSBC, ICICI Bank and Yes Bank.
In the sales and marketing area, recruiters included big names like Asian Paints, Britannia, Dabur, Hindustan Unilever, PepsiCo, Philips and Tata Sky. Offers were also made by tech companies like Capgemini, Cognizant, Google, and Infosys. In the operations and HR areas, offers were made by Amazon, Genpact, GMR Group and Tata Steel.
The average CTC for the 5-year Integrated Programme was lower at Rs 12.52 lakh. The recruiters for these students included Apollo Munich, Genpact, HDFC, HSBC and ICICI Bank.