Final Placement

Report (Audited)
2021-22

One Year
MBA - DEM
12 Months MBA Program in
Digital Enterprise Management

www.iimu.ac.in

Student Placements Committee 2021-22

Akash S K
akashsk.dem2021@iimu.ac.in
+91 98412 05872

Govinda Advani
govindaadvani.dem2021@iimu.ac.in
+91 87796 99081

Harshil N Dhruve
harshilndhruve.dem2021@iimu.ac.in
+91 96324 02876
IIMU Corporate Relations Team
Neha Mishra
Vaneet Chhibber nehamishra.dem2021@iimu.ac.in
Chairperson – +91 82858 85915
Corporate Communications &
Industry Relations Pramil Dwivedi
vaneet.chhibber@iimu.ac.in pramilkumar.dem2021@iimu.ac.in
+91 93236 19641 +91 80813 93202

Maharshi Vyas Sourya Rana

maharshi.vyas@iimu.ac.in souryarana.dem2021@iimu.ac.in
+91 79909 45948 +91 70061 32752
Letter from
Auditor

SORAB S. ENGINEER & CO. (Regd.) SORAB S. ENGINEER & CO. (Regd.)
CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS
TELEPHONE : +91 79 29700466 TELEPHONE : +91 79 29700466
: +91 79 48006782 : +91 79 48006782
EMAIL : sseahm@sseco.in 804, SAKAR-IX, EMAIL : sseahm@sseco.in 804, SAKAR-IX,
: sseahm@hotmail.com BESIDES OLD RBI, : sseahm@hotmail.com BESIDES OLD RBI,
WEB : www.sseco.in ASHRAM ROAD, WEB : www.sseco.in ASHRAM ROAD,
AHMEDABAD-380 009 AHMEDABAD-380 009

June 9, 2022 4. The information has been categorized as best as possible under difference salary
heads as given in the IPRS Revision 2.2; where a break-up was not available,
To the salary has been considered only as 'Maximum Earning Potential'.
The Director,
Indian Institute of Management Udaipur 5. Performance Bonus has been considered for calculation of
Udaipur. 'Maximum Earning Potential'.

Dear Sir,

Re: Audit of Placement Report for 2021-22 of the One Year Full-time MBA Program in
Digital Enterprise Management (DEM)
We have audited the Placement Report (“the Report”) prepared by you for the final
placements of students of 2021-22 batch of the MBA-DEM of Indian Institute of
Management, Udaipur (“IIMU”). The Report is the responsibility of IIMU. Our For Sorab S Engineer & Co.
responsibility is to validate the information provided in the Report with the relevant Firm Registration No. 110417W
documentation and comment on the Report's conformance with the Indian Placement Chartered Accountants
Reporting Standards, Revision 2.2 (IPRS).

In this context, we confirm the following: CA. Dhruv Shah

Partner
1. For the purpose of audit, we have obtained all the information and explanations, Membership No. 169290
which to the best of our knowledge and belief were necessary. In our opinion, UDIN: 22169290AKYARA4987
Ahmedabad
the Report complies with the IPRS.
2. The validation of information presented in the Report is based on communication
received by IIMU from recruiting companies. We have not independently sourced
any information or documentation.
3. We have verified the information with respect to remuneration presented in the
Report with communication received from recruiters. Information regarding
compensation received from individual students has not been used.

Head Office: 902, Raheja Centre, Free Press Journal Marg, Nariman Point, Mumbai-400 021. Head Office: 902, Raheja Centre, Free Press Journal Marg, Nariman Point, Mumbai-400 021.
Telephone: +91 22 2282 4811, 2204 0861 • Email: sorabsengineer@yahoo.com, ssemum@sseco.in Telephone: +91 22 2282 4811, 2204 0861 • Email: sorabsengineer@yahoo.com, ssemum@sseco.in

Bengaluru Branch: F-1, Vaastu Jayalaxmi, 8 Street, Opp. Fortis Hospital, 1st Main Road, Sheshadripuram, Bengaluru-560020. Bengaluru Branch: F-1, Vaastu Jayalaxmi, 8 Street, Opp. Fortis Hospital, 1st Main Road, Sheshadripuram, Bengaluru-560020.
Telephone: +91 9925879234 • Email: sseblr@sseco.in Telephone: +91 9925879234 • Email: sseblr@sseco.in
Placement
Season Highlights

IIM Udaipur welcomed prominent recruiters like Accenture CONTENTS

Strategy, Accenture Technology, Cognizant, Conga Solutions,
Decimal Technologies Pvt. Ltd., Digité Infotech Pvt. Ltd., EXL
A. Placement details as per IPRS.................................................................................... 6
service, IBM, Innover digital, Jio Mart Digital, LatentView
Analytics, Lumiq, Publicis.Sapient, TheMathCompany, 1. Classification of the entire placement pool ............................................................... 6
Thoucentric and Transworld.
2. Classification Based on Sectors.................................................................................. 7
100% of MBA-DEM students, who opted for campus placements,
were placed through campus-generated opportunities. 3. Classification Based on Functions ............................................................................. 7

16 recruiters extended offers to MBA-DEM students at IIM 4. Classification Based on Location ............................................................................... 8
Udaipur.
4.1 Classification based on Locations (Global)......................................................... 8
Roles were offered across various domains like Analytics,
Consulting, Product Management, Sales & Marketing & Business 4.2. Classification based on Locations within India................................................. 8
Development and Strategy.
International offer received in area of Analytics. 5. Salary Data ................................................................................................................... 9
Highest maximum earning potential :
5.1 Salary head – Domestic Offers (INR).........................................................................9
(Domestic) Rs 33.73 lakhs per annum.
Average maximum earning potential : 5.2 Salary heads – International Offers (USD) ...............................................................9
(Domestic) Rs 21.51 lakhs per annum 5.3 Salary Statistics at purchasing power parity (PPP) ..............................................10

5.4 Classification of salary based on sector – Domestic (INR) ...................................11

5.5 Classification of salary based on function – Domestic (INR)................................12

5.6 Classification of salary based on sector – International (USD) ............................14

5.7 Classification of salary based on function – International (USD).........................15

5.8 Classification of salary based on location ..............................................................16

6. Compliance Statement.............................................................................................. 19
 Placement details Classification
as per IPRS Based on Sectors
The entire batch of 37 students was eligible for sitting in
the Final Placements.
Table 2: Classification based on sectors

Classification of the Sector

Consulting
No. of offers
accepted
10

entire placement pool FMCG

Information Technology/ITES
1
24
Logistics 1
Table 1: Classification of entire placement pool
Total 36
Categories Number of
students
1. Sought placement through the institute 36
2. Did not seek placement through the institute
2a. Company-sponsored or already employed
2b. Continuing education
0
0
Classification
2c. Postponing job search
2d. Entrepreneurship (Starting a new business)
0
0
Based on Functions
2e. Returning to / joining family business 0
Table 3: Classification based on Functions
2f. Sought placement outside the campus placement process 0
Sector No. of offers
2g. Did not seek placements for other reasons 1 accepted
Analytics 8
Total students who did not seek employment through the institute 1
Consulting 17
Total graduates 37
Information Technology 3
Product Management 2
Sales & Marketing & Business Development 3
Strategy 3
Total 36

For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur
Firm Registration No. 110417W Firm Registration No. 110417W
Chartered Accountants Chartered Accountants

Vaneet Chhibber Vaneet Chhibber

CA. Dhruv Shah CA. Dhruv Shah
Chairperson-Corporate Communications & Chairperson-Corporate Communications &
Partner Partner
Industry Relations Industry Relations
Membership No. 169290 Membership No. 169290
Ahmedabad. Ahmedabad.
06 07
 Classification Salary Data
Based on Location
Table 4.1: Classification based on Global Locations Table 5.1: Salary head – Domestic Offers (INR)

Location (Global) No. of offers

accepted Salary Min Max Median Mean Data
India 35 A. Basic salary 4,72,500 12,00,000 6,70,350 7,10,385 26
Rest of Asia 1 B. Additional guaranteed cash components 5,78,400 11,78,400 9,44,010 9,15,394 26
C. One-time cash payments 85,000 4,14,000 3,00,000 2,97,211 19
D. Total guaranteed cash payments 14,78,400 27,00,000 16,62,845 18,57,636 35
Table 4.2: Classification based on Indian Locations
E. Maximum earning potential 16,00,000 33,73,300 20,35,107 21,51,387 35
Location (within India) No. of offers (including non-cash, long term and
accepted performance linked components)
Bengaluru 18
Note:
Chennai 1 The entries in the ‘Data’ column specify the data points for which the minimum,
maximum, mean and median are specified.
NCR 6
Hyderabad 1
Table 5.2: Salary heads – International Offers (USD)
Kolkata 2
Salary Min Max Median Mean Data
Mumbai 4
A. Basic salary 13,070 13,070 13,070 13,070 1
Pune 3
B. Additional guaranteed cash components 18,517 18,517 18,517 18,517 1
Total 35
C. One-time Cash Payments - - - - -
D. Total guaranteed cash payments 31,587 31,587 31,587 31,587 1
E. Maximum Earning Potential 32,675 32,675 32,675 32,675 1
(including non-cash, long term and
performance linked components)

*Note: Exchange rate as on April 30, 2022, is considered for conversion to USD.
Source: www.xe.com

For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur
Firm Registration No. 110417W Firm Registration No. 110417W
Chartered Accountants Chartered Accountants

Vaneet Chhibber Vaneet Chhibber

CA. Dhruv Shah CA. Dhruv Shah
Chairperson-Corporate Communications & Chairperson-Corporate Communications &
Partner Partner
Industry Relations Industry Relations
Membership No. 169290 Membership No. 169290
Ahmedabad. Ahmedabad.
08 09
 Classification of salary
based on sector – Domestic (INR)

Table 5.3: Salary Statistics at purchasing power parity (PPP) Table 5.4.1: Classification of base salary based on sector – Domestic

Salary in USD at PPP Min Max Median Mean Data Sectors Min Max Median Mean Data

INR Salary Consulting 4,80,166 10,40,000 4,87,911 6,23,997 4

(Total guaranteed cash component) $67,200 $1,22,727 $75,584 $84,438 35
FMCG 5,95,548 5,95,548 5,95,548 5,95,548 1
Non-INR Salary
$58,002 $58,002 $58,002 $58,002 1 Information Technology/ITES 4,72,500 12,00,000 7,04,340 7,32,308 21
(Total guaranteed cash component)
Overall Salaries
$1,25,202 $1,80,729 $1,33,586 $1,42,440 36
(Total guaranteed cash component) Table 5.4.2: Additional Guaranteed Cash Components
INR Salary $72,727 $1,53,332 $92,505 $97,790 35
(Maximum Earning Potential) Sectors Min Max Median Mean Data

Non-INR Salary Consulting 8,34,118 11,72,015 8,47,571 9,25,319 4

$60,000 $60,000 $60,000 $60,000 1
(Maximum Earning Potential)
FMCG 10,43,478 10,43,478 10,43,478 10,43,478 1
Overall Salaries $1,32,727 $2,13,332 $1,52,505 $1,57,790 36 Information Technology/ITES 5,78,400 11,78,400 9,55,080 9,07,405 21
(Maximum Earning Potential)
*Note: As per the PPP conversion rate for 2020 for all the available currencies from the World Development Indicators
(WDI) database of the World Bank. Table 5.4.3: One Time Cash Payments
Source: http://wdi.worldbank.org/table/4.16

Sectors Min Max Median Mean Data

Consulting 2,00,000 4,00,000 3,50,000 3,11,111 9

FMCG - - - - -
Information Technology/ITES 85,000 4,14,000 3,00,000 2,84,700 10

Table 5.4.4: Maximum Earning potentials

Sectors Min Max Median Mean Data

Consulting 17,50,000 33,73,300 25,71,300 25,68,380 10

FMCG 20,00,008 20,00,008 20,00,008 20,00,008 1
Information Technology/ITES 16,00,000 26,00,000 19,99,996 19,83,948 24

For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur
Firm Registration No. 110417W Firm Registration No. 110417W
Chartered Accountants Chartered Accountants

Vaneet Chhibber Vaneet Chhibber

CA. Dhruv Shah CA. Dhruv Shah
Chairperson-Corporate Communications & Chairperson-Corporate Communications &
Partner Partner
Industry Relations Industry Relations
Membership No. 169290 Membership No. 169290
Ahmedabad. Ahmedabad.
10 11
 Classification of salary
based on function – Domestic (INR)
Table 5.5.1: Base Salary Table 5.5.3: One Time Cash Payments

Function Min Max Median Mean Data Function Min Max Median Mean Data

Analytics 5,95,000 10,40,000 6,15,954 7,16,727 4 Analytics 3,50,000 4,14,000 3,50,000 3,66,000 4
Consulting 4,72,500 12,00,000 6,49,670 7,18,733 14 Consulting 2,00,000 4,14,000 3,00,000 3,06,400 10
Information Technology - - - - - Information Technology - - - - -
Product Management 5,28,881 9,55,080 7,41,981 7,41,981 2 Product Management 85,000 85,000 85,000 85,000 1
Sales & Marketing & Sales & Marketing &
Business Development 4,72,500 7,50,000 7,50,000 6,57,500 3 Business Development 3,00,000 3,00,000 3,00,000 3,00,000 1
Strategy 5,95,000 7,44,681 7,44,681 6,94,787 3 Strategy 1,60,000 4,14,000 1,60,000 2,44,667 3

Table 5.5.2: Additional Guaranteed Cash Components Table 5.5.4: Maximum Earning potentials

Function Min Max Median Mean Data Function Min Max Median Mean Data

Analytics 9,32,940 11,72,015 10,24,229 10,38,353 4 Analytics 17,50,000 26,00,000 25,71,300 23,11,130 7
Consulting 5,78,400 11,78,400 8,71,254 8,86,881 14 Consulting 17,00,000 33,73,300 19,99,991 22,14,875 17
Information Technology - - - - - Information Technology 21,00,000 21,00,000 21,00,000 21,00,000 3
Product Management 9,55,080 9,82,207 9,68,644 9,68,644 2 Product Management 17,60,555 22,00,000 19,80,278 19,80,278 2
Sales & Marketing & Sales & Marketing &
Business Development 7,28,400 8,20,800 7,28,400 7,59,200 3 Business Development 16,00,000 18,23,000 16,00,000 16,74,333 3
Strategy 10,04.980 10,05,319 10,05,319 10,05,206 3 Strategy 20,35,107 21,14,000 20,35,107 20,61,405 3

For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur
Firm Registration No. 110417W Firm Registration No. 110417W
Chartered Accountants Chartered Accountants

Vaneet Chhibber Vaneet Chhibber

CA. Dhruv Shah CA. Dhruv Shah
Chairperson-Corporate Communications & Chairperson-Corporate Communications &
Partner Partner
Industry Relations Industry Relations
Membership No. 169290 Membership No. 169290
Ahmedabad. Ahmedabad.
12 13
 Classification of salary Classification of salary
based on sector based on function
International (USD) International (USD)
Table 5.6.1: Base Salary Table 5.7.1: Base Salary

Sectors Min Max Median Mean Data Sectors Min Max Median Mean Data

Logistics 13,070 13,070 13,070 13,070 1 Analytics 13,070 13,070 13,070 13,070 1

Table 5.6.2: Additional Guaranteed Cash Components Table 5.7.2: Additional Guaranteed Cash Components

Sectors Min Max Median Mean Data Sectors Min Max Median Mean Data

Logistics 18,517 18,517 18,517 18,517 1 Analytics 18,517 18,517 18,517 18,517 1

Table 5.6.3: One Time Cash Payments Table 5.7.3: One Time Cash Payments

Sectors Min Max Median Mean Data Sectors Min Max Median Mean Data

Logistics - - - - - Analytics - - - - -

Table 5.6.4: Maximum Earning Potentials Table 5.7.4: Maximum Earning Potentials

Sectors Min Max Median Mean Data Sectors Min Max Median Mean Data

Logistics 32,675 32,675 32,675 32,675 1 Analytics 32,675 32,675 32,675 32,675 1

For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur
Firm Registration No. 110417W Firm Registration No. 110417W
Chartered Accountants Chartered Accountants

Vaneet Chhibber Vaneet Chhibber

CA. Dhruv Shah CA. Dhruv Shah
Chairperson-Corporate Communications & Chairperson-Corporate Communications &
Partner Partner
Industry Relations Industry Relations
Membership No. 169290 Membership No. 169290
Ahmedabad. Ahmedabad.
14 15
 Classification of salary
based on location
Global Locations Indian Locations (in INR)
Table 5.8.1.1: Base Salary Table 5.8.2.1: Base Salary

Sectors Min Max Median Mean Data Indian Locations Min Max Median Mean Data

India (INR) 4,72,500 12,00,000 6,70,350 7,10,385 26 Bengaluru 4,72,500 12,00,000 5,28,881 7,36,332 11
Rest of Asia (USD) 13,070 13,070 13,070 13,070 1 Chennai 6,36,360 6,36,360 6,36,360 6,36,360 1
NCR 5,95,000 9,55,080 5,95,000 7,28,016 5
Table 5.8.1.2: Additional Guaranteed Cash Components Hyderabad 4,72,500 4,72,500 4,72,500 4,72,500 1

Sectors Min Max Median Mean Data Kolkata 7,50,000 7,50,000 7,50,000 7,50,000 2

India (INR) 5,78,400 11,78,400 9,44,010 9,15,394 26 Mumbai 5,95,548 7,44,681 7,04,340 6,87,227 4

Rest of Asia (USD) 18,517 18,517 18,517 18,517 1 Pune 4,72,500 9,00,000 6,86,250 6,86,250 2

Table 5.8.1.3: One Time Cash Payments Table 5.8.2.2: Additional Guaranteed Cash Components

Sectors Min Max Median Mean Data Indian Locations Min Max Median Mean Data

India (INR) 85,000 4,14,000 3,00,000 2,97,211 19 Bengaluru 8,20,800 11,78,400 9,28,400 9,70,571 11

Rest of Asia (USD) - - - - - Chennai 9,32,940 9,32,940 9,32,940 9,32,940 1

NCR 5,78,400 10,04,980 10,04,980 9,09,684 5
Table 5.8.1.4: Maximum Earning Potentials Hyderabad 8,20,800 8,20,800 8,20,800 8,20,800 1

Sectors Min Max Median Mean Data Kolkata 7,28,400 7,28,400 7,28,400 7,28,400 2

India (INR) 16,00,000 33,73,300 20,35,107 21,51,387 35 Mumbai 9,58,505 10,43,478 9,81,912 9,91,452 4

Rest of Asia (USD) 32,675 32,675 32,675 32,675 1 Pune 5,78,400 8,20,800 6,99,600 6,99,600 2

For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur
Firm Registration No. 110417W Firm Registration No. 110417W
Chartered Accountants Chartered Accountants

Vaneet Chhibber Vaneet Chhibber

CA. Dhruv Shah CA. Dhruv Shah
Chairperson-Corporate Communications & Chairperson-Corporate Communications &
Partner Partner
Industry Relations Industry Relations
Membership No. 169290 Membership No. 169290
Ahmedabad. Ahmedabad.
16 17
 6. Compliance Statement
This placement report has been prepared as per the Indian Placement Reporting Standards,
Revision 2.2
The instances where the report deviates from standards and the reasons for them are
Indian Locations (in INR) mentioned below:

Table 5.8.2.3: One Time Cash Payments

Deviation from the standards Reason
Indian Locations Min Max Median Mean Data
- -
Bengaluru 85,000 4,00,000 3,00,000 2,74,583 12
Chennai - - - - -
For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur
NCR 4,14,000 4,14,000 4,14,000 4,14,000 3 Firm Registration No. 110417W
Chartered Accountants
Hyderabad 3,00,000 3,00,000 3,00,000 3,00,000 1
Kolkata - - - - -
Mumbai 1,60,000 1,60,000 1,60,000 1,60,000 1 CA. Dhruv Shah
Vaneet Chhibber
Chairperson-Corporate Communications &
Partner
Pune 3,00,000 3,50,000 3,25,000 3,25,000 2 Industry Relations
Membership No. 169290
Indian Institute of Management Udaipur
Ahmedabad.

Table 5.8.2.4: Maximum Earning Potentials

Indian Locations Min Max Median Mean Data

Bengaluru 17,50,000 33,73,300 21,00,000 23,36,342 18

Chennai 17,50,000 17,50,000 17,50,000 17,50,000 1
NCR 17,00,000 22,00,000 21,14,000 20,57,000 6
Hyderabad 18,23,000 18,23,000 18,23,000 18,23,000 1
Kolkata 16,00,000 16,00,000 16,00,000 16,00,000 2
Mumbai 19,99,991 20,35,107 20,00,000 20,08,774 4
Pune 17,00,000 25,71,300 18,23,000 20,31,433 3

For Sorab S Engineer & Co. For Indian Institute of Management - Udaipur
Firm Registration No. 110417W
Chartered Accountants

Vaneet Chhibber
CA. Dhruv Shah
Chairperson-Corporate Communications &
Partner
Industry Relations
Membership No. 169290
Ahmedabad.
18 19