IIM Visakhapatnam (IIMV) is a public business school located in Visakhapatnam, Andhra Pradesh, India. It was established in 2015 and is one of the newer IIMs in India.
IIMV’s placement record is a testament to its quality education and strong industry linkages. The college is well-placed to provide its students with excellent career opportunities.
IIMV has a strong placement record. In the 2023 placement season, the average salary package offered to IIMV graduates was INR 16.61 lakhs (USD 20,400). The highest salary package was INR 32.65 lakhs (USD 40,800).
IIMV also has a number of placement initiatives in place to help students get placed. These initiatives include:
- The Career Development Services (CDS) Office, which provides students with career counseling, mock interviews, and training on various skills.
- The Industry-Institute Interaction Cell (IIIC), which facilitates interaction between industry professionals and students.
- The Co-operative Education Program (CEP), which allows students to gain work experience through internships.
Factors for strong placement
- Strong academic reputation: IIM Visakhapatnam is a well-respected business school with a good track record of academic excellence. This attracts top-quality students and makes it a desirable destination for recruiters.
- Industry-oriented curriculum: IIM Visakhapatnam’s curriculum is designed to meet the needs of the industry. This ensures that students are equipped with the skills and knowledge they need to succeed in their careers.
- Strong alumni network: IIM Visakhapatnam has a strong alumni network that is active in helping students get placed. Alumni often provide students with mentorship, networking opportunities, and job leads.
- Effective placement cell: IIM Visakhapatnam has an effective placement cell that works closely with companies to ensure that students get the best possible opportunities. The placement cell organizes a number of activities, such as job fairs, campus recruitment drives, and training programs, to help students prepare for placements.
- Strong economic growth: The Indian economy is growing strongly, which is creating new job opportunities for management graduates. This is good news for IIM Visakhapatnam graduates, as they are well-positioned to take advantage of the opportunities in the job market.
Placement Process of IIMV
- Pre-Placement Activities: Before the official placement process begins, IIMV often conducts workshops, seminars, and skill enhancement sessions to help students polish their interview skills, resume writing, and overall personality.
- Company Registrations: Companies interested in recruiting from IIMV register with the institute and provide information about the roles they are offering, eligibility criteria, and other details.
- Resume Submission: Students interested in participating in the placement process submit their resumes to the institute’s Placement Cell. Resumes highlight their academic achievements, work experiences, and skills.
- Shortlisting: Based on the submitted resumes and company requirements, the Placement Cell shortlists candidates who are eligible for various job roles.
- Pre-Placement Talks (PPTs): Shortlisted companies visit the campus to conduct Pre-Placement Talks (PPTs). These talks help students understand the companies, their culture, job roles, and growth prospects.
- Written Tests and Assessments: Some companies might conduct written tests, aptitude exams, or online assessments to evaluate candidates’ analytical, quantitative, and reasoning skills.
- Group Discussions (GDs) or Case Studies: For certain roles, candidates might be involved in group discussions or case study exercises to assess their communication skills, problem-solving abilities, and teamwork.
- Personal Interviews: Shortlisted candidates face personal interviews where they are evaluated on their domain knowledge, attitude, communication, and overall fit for the company.
- HR Interviews: Successful candidates from the technical interviews move on to HR interviews. These interviews assess cultural fit, communication skills, and overall professionalism.
- Offer Letters: Candidates who perform well throughout the process receive offer letters detailing the job role, compensation package, location, and other relevant terms.
- Acceptance and Confirmation: Candidates can choose to accept or decline the job offers. Some negotiation of terms might take place before confirming acceptance.
Top Recruiters at IIMV
Placement of IIMV
| Particulars | Statistics (2022) | Statistics (2023) |
|---|---|---|
| Total students | 360 | 365 |
| Companies participated | 120 | 130 |
| Offers made | 315 | 345 |
| Placement percentage | 87% | 95% |
Packages of IIMV
| Branch | Highest package (LPA) | Average package (LPA) | Lowest package (LPA) |
|---|---|---|---|
| Finance | 38.06 lakhs | 21.65 lakhs | 9 lakhs |
| Marketing | 32.65 lakhs | 18.21 lakhs | 7 lakhs |
| Human Resource Management | 31.25 lakhs | 17.5 lakhs | 6 lakhs |
| Information Systems | 29.77 lakhs | 17 lakhs | 6 lakhs |
| Operations Management | 28.69 lakhs | 16.49 lakhs | 5 lakhs |
| General Management | 27.61 lakhs | 15.98 lakhs | 5 lakhs |
Frequently Asked Questions
IIMV stands for the Indian Institute of Management Visakhapatnam. It is one of the premier business schools in India that offers postgraduate management programs and aims to provide high-quality education, research, and industry-relevant training.
IIMV offers various postgraduate programs such as the Post Graduate Programme in Management (PGPM) and other executive education programs designed to cater to different career stages and aspirations.
IIMV has a dedicated Placement Cell that works to facilitate job placements for its students. The placement record varies each year, but IIMV typically attracts a mix of recruiters from various sectors.
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