IIM-U records 20% rise in highest salary

The Indian Institute of Management (IIM), Udaipur, witnessed the highest stipend rise by 20 per cent at the conclusion of its summer placement process.

Placing the largest batch in its 10-year history, Iimudaipur saw 322 eligible candidates bag summer internship offers, with the highest stipend reaching ~3 lakh per annum (lpa).

More than 100 firms made internship offers at IIM Udaipur, which saw 60 recruiters participating for the first time.

Prominent recruiters included Accenture Strategy, Accenture Technology, Adani Group, Alivecor India, Asian Paints, BNY Mellon, Casio, Cisco Systems, Del Monte, Hindustan Unilever, Kalpataru, Magicbricks, Puma, Renault, and Samsung R&D.

The top 10 percentile secured an average stipend of ~2.09 lpa, the top 20 got an average of ~1.67 lpa while the top 50 percentile received an average stipend of ~1.08 lpa.