Indian Institute of Management Kozikhode (IIM-K) closed the final placements for its 2014-16 post graduate programme batch in record seven days.
There was an increase of 12% in the average salaries as compared to last year and the consulting emerged as the leading sector in the final placements with the likes of Boston Consulting Group, Accenture Management Consulting, McKinsey, Ernst & Young, Deloitte and PricewaterhouseCoopers doing the recruitments in good numbers.
The institute stated that while the average salaries rose by 12% to stand at Rs 17.1 lakh per annum, the highest domestic package offered was Rs 37 lakh per annum.
From among the total number of offers of 370 the consulting alone made a total of 99 offers with the likes of Accenture Management Consulting, Frost and Sullivan, EY, McKinsey, PwC, KPMG, sharing a total of 99 offers being made to over 28% of the total batch. There was an increment of 16.5% in the domain as compared to the offers made last year according to the IIM-K.
The Chairperson Placements at IIM-K, A F Mathews stated that the institute was able to proffer diverse opportunities to all the students by bringing in many branded companies in every cluster.
Mathew said,” The students have far exceeded the expectations of the recruiters which resulted in a large number of new recruiters visiting campus. This has led to IIM Kozhikode setting a benchmark in the industry for years to come.”
The first time recruiters who visited the premier B-School were 3M, Bank of America, Brand Accelerator, Capita, Boston Consulting Group, Credit Suisse, Caratlane, Frost and Sullivan, Mondelez, Ernst & Young, McKinsey, Shell and Schneider among others. All in all the new companies made around 100 offers in total.
The first time recruiters such as Credit Suisse and Bank of America made a total of 13 offers while the major companies such as American Express, Citibank, Axis Bank, Edelweiss, Deutsche Bank, Fidelity, J P Morgan Chase, Yes Bank, Goldman Sachs, Nomura also made offers to the students that increased the combined on-campus and pre-placement offers made in the sector to 21%.
Offers in sales and marketing roles were made by 3M, Arvind Lifestyle, Godrej, Ananda Bazaar Patrika (ABP), HUL, Heinz, ITC, Infineon, Idea, Marico, Kellogg’s, Phillips, Nestle, Maruti, Snapdeal, Schneider and Vodafone while Aditya Birla Group, Mahindra, Airtel, RPG, Reliance, Madura, Tata Communications and TAS made offers in the leadership programmes/strategy domain. There were many first time recruiters such as LAVA, Brand Accelerator, Paytm and Mytrah.
Offers in the operations roles were made by Capita, Amazon, HCCB, EXL, Raymond, Ola Cabs, Tata Steel, Shell and TVS while companies like Asian Paints, Google, Capagemini, HCL GEM, Google, Kirusa, Mindtree, Microsoft, Syntel, Mondelez and ZS Associates made offers in the IT/ITES and analytics profile.
The regular recruiters who continued to recruit for their IT, analytics and operations role included IBM, Infosys, Cognizant Business Consulting, TCS and Wipro.
“IIM Kozhikode has continued to live up to its name in the industry over the years. This had led to many first time recruiters willing to make offers on campus. The regular recruiters have continued to lay their faith in the capabilities of the students,” said Kulbhushan Balooni, Director (in-charge) of IIM Kozhikode while commenting on the placements.