IIM-Ranchi gets100% summer placements

The Indian Institute of Management Ranchi (IIM-R)has achieved 100% summer internship placements for the 2015-17 academic session.

A total of 71 firms recruited students from the PGDM batch of 2015-17. The average two-month stipend increased significantly to Rs 72,000 - a 24.4% increase from last year's amount.

In a press release issued by the B-school, management said the recruitment drive saw the participation of around 82 firms on campus for summer placements. The management of the Institute felt satisfied over the positive development.

Notably, as many as 38 firms showed interest in recruiting students for summer recruitments for the first time. Sales and marketing were the most preferred domain among the students with companies like Snapdeal, Berger Paints, Volvo Eicher and Tupperware featuring among the prominent recruiters.

Around 29 firms recruited 48 students of the PGDHRM batch. The two-month average stipend recorded an increase of 30.5% from last year (Rs 73,200).

The top 25% of students received an average of Rs 1.3 lakh. The companies who held recruitments included ITC, Samsung R&D, Tata Steel, RPG, Tupperware, Maruti Suzuki, Jubilant Foodworks, ACC Cements, Reliance, Wipro Consumer Care & Lighting, Metro Cash & Carry, Azim Premji Foundation and RBL Bank to name a few.