IIM Kozhikode Summer Placements 2019 See an Increase in Private Equity and Other Finance Roles
Kozhikode: IIM Kozhikode has successfully completed the summer placement season for its 23rd Post Graduate Program (PGP) batch (2019-2021). The season attracted participation from 131 companies which rolled out offers to 462 students with the highest stipend pegged at INR 3.2 lakhs for the two-month internship. The median stipend stood at INR 2 lakhs and the average stood at INR 1.75 lakhs. Amazon made the highest number of offers at 19 offers.
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 top three highlights were an increase in coveted private equity and other finance roles, the successful placement of the largest and most diverse batch, and an increase in alumni involvement in their companies’ processes.”
This season saw participation from leading private equity firms Multiples Alternate Asset Management and The Rohatyn Group which made one and two offers respectively. In addition to investment banking roles, there was an increase in corporate finance roles from across industries including HUL, Colgate Palmolive, Tata Sky, L&T etc. Recruiters expressed appreciation for the large pool of students with CA and/ or CFA qualifications.
This summer season saw the successful placement of IIM Kozhikode’s largest batch, demonstrating the deep corporate relationships and track record of excellence established by the fifth IIM. IIM Kozhikode has always been a diversity champion, with a concerted effort on gender and academic diversity – with the first year batch having 30% women and 35% non-engineers. This batch has the first supernumerary section added for talented women candidates, across all IIMs. Interestingly, the 140 participating women bagged on average a 21% higher stipend than the men.
A third highlight was the increased involvement of IIM Kozhikode’s alumni in the summer placement processes of their respective companies, accounting for 31% of all offers, up from 20% last season. IIM Kozhikode’s global network of 8000+ alumni includes alumni in senior positions across most marquee recruiters.
First time recruiters participating in this summer placement season included Duff & Phelps, Ola, Udaan and Walmart Labs. Accenture Strategy, Amazon, Asian Paints, Axis Bank, EY, Goldman Sachs, HUL, ITC, JP Morgan Chase, Pidilite, PwC, Shell, TAS, Uber and Udaan were some of the top recruiters extending a total of 128 offers to approximately 27% of the batch.
Sales and Marketing saw the largest recruitment on campus with around 37% of students receiving offers from companies like AB InBev, Asian Paints, Bajaj Auto, Colgate-Palmolive, HUL, ITC, Kohler, Pidilite, Reckitt Benckiser and Samsung among others.
Approximately 12% of students landed consulting roles from the likes of Accenture Strategy, Boston Consulting Group, Deloitte USI, EY, PwC and other firms.
16% of students landed roles in the BFSI domain with diverse roles in investment banking, quantitative research and equity research being offered by Axis Bank, Citi Bank, Credit Suisse, Duff & Phelps, HSBC, Goldman Sachs, JP Morgan Chase and State Street among others.
IT and Analytics attracted offers from a mix of technology giants like American Express, Amazon AWS, Microsoft, Walmart Labs as well as from in-house divisions of FMCG companies HUL and Mondelez.
Operations roles were offered by regular recruiters Amazon, Blackbuck and Uber among others and saw a mix of new recruiters such as Cure.Fit and Ola.
Major conglomerates and business houses like Aditya Birla Group, Airtel, Capgemini, Mahindra, Reliance, RPG Group and Tata Administrative Services offered leadership development or general management roles to 16% of students.