Kozhikode: The 22nd batch of Post Graduate Programme (PGP) at IIM Kozhikode (IIMK) completed summer placements of the largest batch in the history of the institute comprising 423 students in a record 3.5 days. The placements witnessed a 21% increase in average stipend and 43% increase in median stipend.
This year, 105 companies participating with over 27 new recruiters making offers to 421 students as 2 students opted out of placements. The season not only saw an upward swing in the average stipend but also witnessed a lot of niche roles being offered to the students. Some of the new recruiters included ABInBev, AstraZeneca, Dr. Reddy’s Laboratories, Edelweiss GWAM, Flipkart, Siemens, and Uber.
The median stipend stood at INR 2 lakhs for the period of internship, a massive increase by 43%. 27 students got the highest stipend of INR 3 lakhs, 3 times the figure in the last year. The top 100 students bagged an average stipend of 2.56 lakhs, a 14% increase from the last year.
Accenture Strategy, Amazon, Deloitte USI, Goldman Sachs, Pidilite, Uber, and Wipro were some the top recruiters extending 81 offers to approximately 20% of the batch in total.
Prof Debashis Chatterjee, Director at IIMK, said “Our summer placements this year have achieved unparalleled success. The students have triumphantly converted all the offers from recruiters. Considering the volatility of the economy, recruiters are bound to be hesitant, but, the merit of our students attracted a whole new list of companies visiting our campus.’’
Prof. Shovan Chowdhury, Chairperson, Placements at IIM Kozhikode, said “The most remarkable achievement in the summer placements of IIMK this year is that the median stipend is far ahead of the mean. It means more than 50% of the students will earn more than the mean stipend and better stipend comes with better roles. The team has been able to raise the bar by not only inviting many new recruiters, or existing recruiters with new roles but also by completing the placements process in a record 3.5 days. A change in approach to bring in new recruiters has helped the institute in attracting newer brands and opening new roles from existing recruiters and these opportunities have been grabbed by our students who have proven their caliber to the recruiters. This has not only helped IIM Kozhikode retain its past recruiters but also helped it in becoming a preferred campus for the newer ones. I would also like to thank the recruiters for putting immense faith, trust and confidence in the talent of our students’’
Maintaining its legacy, IIM Kozhikode repeated history by having its highest intake in the Sales and Marketing with around 40 percent of the batch being placed in companies like ABInBev, Asian Paints, Colgate-Palmolive, HUL, ITC, Kohler, Marico, Mondelez, Nestle, PepsiCo, Samsung, and Reckitt Benckiser.
The surge in the number of consulting companies recruiting on campus translated to over 13 percent of the batch getting offers from Avalon Consulting, Accenture Strategy, Boston Consulting Group, Deloitte USI, Ernst & Young, PwC and the others.
Diverse roles were offered by financial services companies in corporate finance, investment banking, private wealth, risk advisory services, global investment research and corporate treasury to around 16 percent of the batch. Recruiters like American Express, Axis Bank, Citi Bank, Edelweiss, Goldman Sachs, JP Morgan and Piramal Finance extended offers to 16 percent of the batch.
IIM Kozhikode also saw witnessed a number of pharmaceutical and healthcare companies participating in the Summer Placements which included AstraZeneca, Dr. Reddy’s Laboratories, GlaxoSmithKline Pharmaceuticals, Medtronic, Novartis and United Health Group.
This year also saw a sharp increase in HR roles being offered to students with companies like Siemens, V-Guard and Wipro offering opportunities in this domain.
Aditya Birla Group, Airtel, Mahindra, Reliance, RPG Group, Saint Gobain, TAS and Vodafone-Idea provided General Management roles to the students across varied sectors.
IIM Kozhikode has continued to garner interest from various start-ups which provided the students with leadership roles and also the alumni who extended their unwavering support in achieving these record placements.