The Indian Institute of Management Kozhikode (IIM Kozhikode) has wrapped up its final placement session, with a student bagging the top global offer of a whopping Rs 43 lakh from a conglomerate.
The offer is a 30% increase compared to last year. The highest top domestic offer was for Rs 29.5 lakh, extended by an e-commerce firm.
The institute concluded the placements for the graduating batch of 2015, achieving 100% placements in a mere 10 days.
The total number of students in the batch was 347. Two students of the batch dropped out of campus placements to pursue higher studies or start entrepreneurial ventures.
Altogether 97 recruiters took part in the final placements and extended 359 offers. There were 34 new recruiters. The first-time recruiters included firms such as Axis Bank, Britannia, Bluestone, Cinepolis, HP, Future Group, Heinz, Idea, Hexaware, Infosys Management Consulting, Lenovo, InMobi, Snapdeal, The Royal Bank of Scotland, Tata Communications, ZS Associates, etc.
More than 15 international offers were extended by firms such as Tolaram Group, Paramount Systems, etc. The positions are based out of Middle East and Africa.
The average salary package offered was Rs 14.92 lakh, up from Rs 13.7 lakh of last year. The top 50 students received average salary offers of Rs 21.89 lakh, whereas the same for the top 100 students was Rs 19.7 lakh.
This year's campus placements at IIM Kozhikode saw a 13% rise in the total number of offers from each recruiter.
IIM Kozhikode had extended the option of the dream offer this year, whereby students were able to try for a second time to gain placement at a "dream company" of their preference, even if they have already received a job offer.
Under the scheme, students could select a dream company before the placements began. Students who had acquired Pre-placement Offers (PPOs) were not eligible for the scheme.
However, these students, as well as the rest of the batch, were eligible for ‘open' companies, which are labeled so by the faculty placements committee. This year, two firms, McKinsey and Catamaran Ventures, have been grouped as open companies at the institute.
The number of PPOs rose to 72, which is a 38% increase over last year. The key recruiters this season were IBM Consulting, Goldman Sachs, KPMG, Snapdeal, Samsung, and Vodafone, which jointly extended 73 offers.
Companies from the Finance sector extended offers to 19% of the total batch. Key recruiters were American Express, Citibank, Axis Bank, Crisil, Deutsche Bank, Dell, Edelweiss, Goldman Sachs, Fidelity, HP, ICICI, HSBC, ICRA, Nomura, JP Morgan, SBI, Yes Bank and The Royal Bank of Scotland, which offered roles in Risk Analysis, Investment Banking, Global Investment Research, Commercial Banking, etc.
Sales & Marketing
The Sales & Marketing domain recruited around 23%. The firms included Arvind Lifestyle, Bluestone, Bajaj Auto, Britannia, GSK Pharma and Coffee Day Beverages.
The Consulting sector offered roles to 23% of the batch. The key players were Avalon Consulting, Deloitte, Cognizant Business Consulting, EXL Services, IBM, Genpact, Infosys Management Consulting, MuSigma, KPMG, Paramount and ZS Associates.
Moreover, positions in General Management were offered to 15% of the batch by firms such as Airtel, Altisource, Aditya Birla Group, Bosch, Godrej, Future Group, ICICI Prudential, Mahindra Group, InMobi, Philips, RPG, Reliance, Snapdeal, Tata Communications and TAS.
From the Strategy sector, Ananda Bazar Patrika (ABP Group) and Cipla were the major recruiters.
Operations roles were offered by Asian Paints, Amazon, Snapdeal and Flipkart.
Financial & Marketing Strategy
Positions in Financial & Marketing Strategy were offered by Muthoot Finance.
Technology, Business Intelligence
The Technology, Business Intelligence and related sectors were represented by firms such as Asian Paints, Capgemini, Accenture Technology Solutions, Google, Hexaware, HCL, HUL, Mahindra Comviva, Indus Valley Partners, Matrimony.com, Mindtree, Microsoft, Mphasis, Wipro and TCS.
The summer placement session at IIM Kozhikode has also been upbeat this year, with 107 recruiters taking part in the process. The summer placement session for the Post Graduate Program in Management (PGP) batch was concluded in merely 10 days.
There was a 14% increase in average monthly stipend compared to the previous year. Moreover, the total number of jobs offered by each recruiter shot up by 19%. Out of all the recruiters, over 50 visited the campus for the very first time.