visakhapatnam indian institute of managementvisakhapatnam has achieved 100 summer placements for its mba batch of 20202022 with a highest stipend at rs2 lakh the stipend for the top quartile stood at rs 117 lakh and the top 10 percentile at rs 146 lakh this represents a 204 increase in the average stipend offered last year at rs62264 held on a rolling basis the summer placement season witnessed more than 50 companies participating in the process and making multiple offers according to iimv officials these figures broke all their previous records and set new benchmarksiimv director prof m chandrasekhar said that it is a fitting recognition of the talent of the students of the institute the recordbreaking performance does not come as a surprise as the students of iimv have been regularly winning several panindia competitions held by reputed business schools we at iimv are very confident that the recruiters would find immense value in the contribution by the interns of the institute said prof chandrasekharchairpersoncds professor saroj kumar pani said that despite the challenges posed by the covid19 pandemic iimv has increased the breadth of recruiters as well as depth of roles for its summer internship programme this was made possible as we give importance to matching a students abilities and interests to recruiters requirements ultimately it would be a winwin situation for our students as well as recruiters said prof saroj kumarthe season witnessed participation from companies from highgrowth sectors like information technology banking financial services and insurance bfsi edtech manufacturing fastmoving consumer goods fmcg hospitality and infrastructure to name a few some of the prominent recruiters who participated and hired from iimvisakhapatnam are bosch dalmia bharat icici lombard iocl lubrizol mtr modern foods outlook rbi tafe tata aig vguard and yes bank to name a few all the recruiters offered roles in different management functions ranging across various domains like sales marketing product management analytics human resources and finance operations