IIM Indore signs MoUs with Institutions in China & Norway; expands Global Collaborations

IIM Indore signs MoUs with Institutions in China & Norway; expands Global Collaborations

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Anum Ansari
Assistant Manager – Content
New Delhi, Updated on Oct 28, 2024 12:23 IST

These collaborations elevate IIM Indore's network to 60 partner institutions across 24 countries, underlining the institute's commitment to robust academic partnerships that foster enriched learning and research opportunities.

Indian Institute of Management (IIM) Indore has taken a significant step in enhancing its global presence by signing Memorandums of Understanding (MoUs) with Kristiania University College in Norway and Soochow University in China. These collaborations elevate IIM Indore's network to 60 partner institutions across 24 countries, underlining the institute's commitment to robust academic partnerships that foster enriched learning and research opportunities.

Signing Ceremony Highlights

The first MoU was signed by Professor Himanshu Rai, Director of IIM Indore, and Dr. Kristi Bache, Pro-rector of Research and Artistic Development at Kristiania University College. The second MoU was formalized between Professor  Rai and Professor  Bo Feng, Dean of the Business School at Soochow University. Expressing his enthusiasm for these collaborations, Professor  Rai emphasized the alignment of visions and goals with both institutions.

Collaboration with Soochow University

In his remarks regarding the MoU with Soochow University, Professor  Rai stated, “Our vision aligns closely with that of Soochow University, which is to foster innovative and responsible business leaders while integrating the concept of sustainable development into our business knowledge.” The partnership aims to cultivate globally aware leaders and strengthen ties with this esteemed institution.

Soochow University, established in 1900, shares IIM Indore’s commitment to academic excellence. Its Business School in Suzhou City serves over 3,500 students and offers a range of programs in Applied Economics and Business Administration, recognized as essential disciplines in Jiangsu Province. Professor  Bo Feng emphasized that their core values of authenticity, accountability, appreciation, and advancement resonate with IIM Indore’s vision, stating, “Our collaboration will enhance the educational journeys of our students and faculty.”

Academic Exchange with Kristiania University College

The MoU with Kristiania University College focuses on promoting academic exchanges and collaborative research. It aims to facilitate faculty and student exchanges, along with joint research opportunities in areas of mutual interest. Kristiania University College, one of Norway's oldest private institutions, established in 1914, has over 16,000 students and offers programs in marketing, management, creativity, and health.

Q:   Who are the top recruiters of IIM Indore?

A:

Many top companies visited the IIM Indore campus annually to hire students in various sectors. The table below showcases a list of a few top recruiters who visited the IIM Indore placements 2024:

IIM Indore Top Recruiters

Aditya Birla Fashion and Retail

Capgemini

Deloitte

ICICI Bank

Kotak Mahindra Bank

Hero Fin Crop

Cognizant

EY

Genpact

Adani

HSBC

Infosys

PwC

TCS

Royal Enfield

Q:   What is the placement package for IIM Indore BBA?

A:

IIM Indore had concluded placements for the batch passing out in 2023. The placement statistics for IIM Indore IPM are the same as that of the IIM Indore PGP programme since in last two years of the five-year course, IPM students pursue PGP. The placement statistics from the 2020 report are as follows:

Particulars

IPM Statistics (2023)

Batch strength

568

Total recruiters

160

the highest package

INR 114 LPA

Average package

INR 30.21 LPA

Median package

INR 27.20 LPA

Q:   Does IIM Indore offer a full placement guarantee? What is the latest placement record?

A:

The placements are good at IIM Indore. The institute recorded 100% placements for its PGP and IPM batches passing out in 2024. As per the latest report, the highest and average package offered to PGP and IPM students during IIM Indore placements 2024 stood at INR 100 LPA and INR 25.68 LPA, respectively. Further, over 150 recruiters visited the campus and placed 594 students of the batch 2024. The key highlights of IIM Indore placements for the Class of 2024 are tabulated below:

Particulars

Placement Statistics (2024)

Highest package

INR 100 LPA (PGP and IPM)

INR 33.6 LPA (PGP HRM)

Average package

INR 25.68 LPA (PGP and IPM)

INR 22 LPA (PGP HRM)

Median package

INR 24.50 LPA (PGP and IPM)

INR 20.5 LPA (PGP HRM)

Total recruiters

150+ (PGP and IPM)

70 (PGP HRM)

Total students placed

594 (PGP and IPM)

Placement rate

100% (PGP and IPM)

Professor  Rai noted, “IIM Indore’s mission to bridge academia and real-world application resonates strongly with the values held by Kristiania University College.” He expressed eagerness to learn from their experiences in sustainable development and innovative practices, emphasizing that these collaborations will enhance academic experiences through knowledge sharing, exhibitions, lectures, and potential dual degree opportunities.

A Vision for Future Leaders

Dr. Kristi Bache from Kristiania University College shared her excitement about the partnership, stating, “This collaboration opens exciting possibilities for both institutions. By leveraging India’s strength in technology and innovation alongside Norway’s focus on equality and high IT literacy, we can create mutual benefits that enrich our academic communities.” She highlighted the potential for deeper understanding and idea exchange between the two institutions.

A Milestone for IIM Indore

These newly signed MoUs mark a significant milestone in IIM Indore’s journey toward becoming a global educational powerhouse. The collaborations not only enhance IIM Indore’s educational framework but also reflect a broader commitment to fostering innovative and responsible business leadership.

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Anum Ansari
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