105 companies participated in summer placements at the IIM Kozhikode
Indian Institute of Management Kozhikode (IIM K ) has completed summer placements of its 423-strong post graduate programme (PGP) in just 3.5 days. The placements witnessed a 21% increase in average stipend and 43% increase in median stipend.
This year, 105 companies participated in the process with over 27 new recruiters making offers to 421 students as 2 students opted out of placements. The season also saw 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 lacs for the two-month internship. 27 students got the highest stipend of INR 3 lacs, 3 times the figure in the last year. The top 100 students bagged an average stipend of INR 2.56 lacs, a 14% increase from the last year.
Sales and Marketing was the biggest recruiter with around 40% of the batch being placed in companies like ABInBev, Asian Paints, Colgate-Palmolive, HUL, ITC, Kohler, Marico, Mondelez, Nestle, PepsiCo, Samsung, and Reckitt Benckiser.
Consulting saw a surge with over 13% 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 including American Express, Axis Bank, Citi Bank, Edelweiss, Goldman Sachs, JP Morgan and Piramal Finance. The institute also saw a number of pharmaceutical and healthcare companies participating including AstraZeneca, Dr. Reddy’s Laboratories, GlaxoSmithKline Pharmaceuticals, Medtronic, Novartis and United Health Group.
Companies like Siemens, V-Guard and Wipro offered HR roles while Aditya Birla Group, Airtel, Mahindra, Reliance, RPG Group, Saint Gobain, TAS and Vodafone-Idea provided General Management roles to the students across varied sectors.
* CTC= Stipend of 2 month.
Accenture Strategy, Amazon, Deloitte USI, Uber & Wipro were the top recruiters at IIM Kozhikode.
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.