Visakhapatnam: Adapting itself to the new reality of COVID-19, the Indian Institute of Management (IIM) Visakhapatnam completed its first virtual placement for the batch of 2019-21.

Despite challenges posed by the pandemic, the placement season witnessed more than 100 companies participating in the process and making multiple offers with 72 new recruiters offering roles across various domains, including consulting, BFSI, strategy, sales and marketing, HR, IT and analytics, IIM said.

IT/ITES sector continued to bet big on new talent accounting for 39 per cent of the placements followed by BFSI (12%). Other sectors were manufacturing (11%); FinTech, consulting, EdTech, and logistic services with four per cent each; FMCG (3%); e-commerce (2%); and luxury and digital media accounting for one per cent each.

Among the prominent recruiters were Amazon, Amul, Anand Rathi, AU Bank, BlueStar, Byju's, Deloitte, ESAF Bank, Foxconn, Franklin Templeton, and ICICI Lombard.

The director of the institute, Prof. M. Chandrasekhar, attributed the 100 per cent placements to the high-quality learning facilitated by the largest cohort of faculty among new generation IIMs and a combination of ability, agility, aptitude, and aspirational attitude of the students who quickly adapted themselves to the online mode of classes and leveraged it gainfully to excel academically, evolve emotionally, and emerge successfully.

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