IIM Kozhikode successfully completed the summer placements for the 25th batch of its Post Graduate Program and the second batches of PGP Liberal Studies and Management and PGP Finance by Day 3 of the recruitment week. The institute declared 100% Placements in the Summer Internships Drive for the Batch of 2023, through a completely virtual placements drive. It was not just the first IIM but also the first B-school in India to complete summer placements this year. 132 recruiters participated in the drive which offered internships to 559 students with the highest stipend reaching Rs 3.74 lakhs. The average stipend for the cohort stood at Rs 2 lakhs which represents a 6.4% increase from last year’s figure. The median stipend stood at Rs 2 lakhs, with the top 50 per cent of students at an average stipend of Rs 2.57 lakhs.
The 2021 drive hosted a total of 64 new recruiters overall this year including participation from top recruiters including Avendus Capital, Bain & Company, FinIQ Consulting, Johnson & Johnson, Loreal, Marico, Myntra, PepsiCo, Reliance and Reliance Nippon Life Insurance.
The Sales & Marketing, Consulting and Finance were the most sought after roles on campus contributing up to 73 per cent of the total offers being made.
The placement drive welcomed top recruiters such as Accenture Strategy, Amazon, Asian Paints, Bain & Company, Boston Consulting Group, Citibank, Deloitte USI, Flipkart, Goldman Sachs, Google, JP Morgan Chase, Microsoft, PwC and TAS extending an aggregate of 146 offers to about 21 per cent of the batch.
Sales and Marketing contributed 25 per cent of offers at IIM K and saw participation from companies like Asian Paints, Bajaj Auto, Coca-Cola, HUL, ITC, Johnson & Johnson, Loreal, Lubrizol, Marico, Nestle, PepsiCo, Pidilite, Reckitt Benckiser, and Samsung among others.
More than 22 per cent of the student cohort were offered internships in the consulting domain from firms such as Accenture Strategy, AON Consulting, Bain & Company, Boston Consulting Group, Deloitte India, Deloitte USI, Ernst & Young, GEP, KPMG, PwC, Synergy Consulting and others.
An equally large segment of students were offered lucrative internships in the BFSI Domain across roles such as Front end Investment Banking, Quantitative finance, Private Equity, Equity Research and Impact Investing offered by Axis Bank, Citi Bank, Credit Suisse, DE Shaw, Deutsche Bank, Edelweiss Tokio, FinIQ Consulting, Goldman Sachs, JP Morgan Chase, Nomura, Reliance Nippon and The Rohatyn Group among others.
Students in the IT and Analytics domain invited offers from technology giants like American Express, Amazon, Google, Microsoft, MX Player, Walmart Labs and in-house divisions of companies like Asian Paints, DRL and HUL.
The Operations domain witnessed participation from recruiters including Amazon, Asian Paints, Flipkart, Uber and others along with new recruiters such as Myntra.
Major conglomerates including AbInBev, BlackBuck, Capgemini, Coca Cola, Mahindra, Reliance, RPG Group and TAS offered Leadership Development and General Management roles to 12 per cent of the students.