IIM Kozhikode Placement 2011; Average Salary increases by 30%
IIM Kozhikode has concluded the Placement process for the Class of 2009-11. The B School has placed 290 students in 120 firms. The average domestic salary increased by about 30 per cent. The number of job offers per company also increased by 30 per cent. Deloitte and ICICI Bank were the largest recruiters with each making 16 offers. The highest International package of USD 150,000 was offered by a commodities trading company while the highest domestic compensation was offered by a Europe-based Investment Bank.
The participating firms included prominent financial institutions and consultancy firms, the biggest FMCG and consumer durable companies, fast growing commodity trading companies, India’s largest conglomerates and globally renowned IT firms. Heavyweights across sectors included Nomura, Deutsche Bank, Bank of America – Merrill Lynch, JPMC, Standard Chartered, Goldman Sachs, HSBC, Citi, Edelweiss, Axis Bank, Yes Bank, Indus Valley Partners, IDBI, SBI Capital, Hindustan Unilever, P&G, ITC, Reckitt Benckiser, Marico, Hindustan Coca Cola Beverages L&T, Airtel, Britannia, Kellogg’s and Colgate Palmolive and Reliance Industries, Mckinsey & Co, Accenture Business Consulting, Deloitte, PricewaterhouseCoopers, Cognizant Business Consulting, TCS, Wipro, IBM, Mindtree, Aricent, Capgemini, iGate, Fujitsu etc. PSUs and NGOs provided the much sorted diversity to address the greater calling of students keen on getting an opportunity to serve in the government and social organizations.
About 35 per cent of the companies that participated this year are first time recruiters. Most of these are prominent players in their domains like 3M, ADAG, Airtel, Apollo Hospitals, Arvin Meritor, CRISIL, Dolcera, EXL, Fujitsu , Glenmark, HP, Idea, JDA, Lenovo, Madura, MMTC, Mphasis, NCDEX, Suntec, Tally Solutions, Triton Group, Videocon, and Wipro Consulting.
A few students who aim to be successful entrepreneurs opted out of the placement process and decided to join start-ups.
The Placement process in IIM Kozhikode is clustered, which provides the opportunity to the student to choose the right sector and job. Finance continued to remain the top preference among students with more than 33 per cent of the batch taking up roles ranging from Investment Banking, Corporate Finance, Corporate Banking, Risk Management, Equity Research and Retail Banking in Foreign and Indian Financial Institutions.
The other sectors which attracted the students were Operations and Information Technology. This year also saw new industry domain like manufacturing participate in the Placement process of IIM Kozhikode.
IIM Kozhikode Placement Chairperson G Sridhar mentions, “An interesting trend this year has been the rise of pre placement offers. Compared to last year the IIM K’s PPOs doubled. This clearly indicates the growing faith of companies on the abilities in our students and the institute.”
Commenting on the overall Placement of 2009-11 batches, G Sridhar says, “Overall placements this year has been tremendously encouraging at IIM Kozhikode. Regular recruiters have shown enormous faith in our students and the new recruiters expressed extreme happiness for starting their relationship with us. Alumni have been another pillar of support for the placements this year.”
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Stay tuned to MBAUniverse.com for more on B School Placement Reports 2009-11.
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