Firms make 359 offers to IIMK students in final placements

Average annual compensation figure stands at Rs 14.92 lakh per annum

The Indian Institute of Management, Kozhikode (IIMK) has completed final placements for the graduating batch of 2015 in a record 10 days. This year 347 students participated in the placement process with 359 offers being made to them. The average annual compensation figure stood at Rs 14.92 lakh per annum. A total of 97 recruiters participated in the final placements, with 34 being first time recruiters.

The highest domestic salary offered was Rs 29.5 lakh per annum. The number of pre-placement offers saw a marked rise of 38 per cent over the last year’s. Major recruiters this season were Goldman Sachs, IBM Consulting, KPMG, Samsung, Snapdeal and Vodafone, who made a total of 73 offers. New recruiters included Axis Bank, Bluestone, Britannia, Cinepolis, Future Group, HP, Heinz, Hexaware, Idea, Infosys Management Consulting, InMobi, Lenovo, Snapdeal, Tata Communications.

Kulbhushan Balooni, director, IIMK, said the final placement for the batch of 2015 saw a speedy close this year with the entire batch getting placed in a record 10 days.

AF Mathew, chairperson - Placements, said the  recruitment season this year had reinforced the positive sentiment of the industry towards IIM Kozhikode’s talent pool. The placements across verticals had seen a consistent performance, reflecting the students’ capabilities towards the needs of the businesses.

Finance firms made offers to 19 per cent of the batch. Prominent recruiters included American Express, Axis Bank, Citibank, Crisil, Dell, Deutsche Bank, Edelweiss, Fidelity, Goldman Sachs, HP, HSBC, ICICI, ICRA, JP Morgan, Nomura, SBI, The Royal Bank of Scotland, and Yes Bank offering roles in investment banking, risk analysis, global investment research, commercial banking among others.

Catamaran Ventures, the venture fund backed by NR Narayana Murthy, also participated in the hiring process for the first time this year. The results for the process are still awaited.

Sales and marketing domain saw 23 per cent of the batch securing offers in companies like Arvind Lifestyle, Bajaj Auto, Bluestone, Britannia, Coffee Day Beverages and GSK Pharma,

Diverse roles in the consulting domain were offered by Avalon Consulting, Cognizant Business Consulting, Deloitte, EXL Services, Genpact, IBM, Infosys Management Consulting, KPMG, MuSigma, Paramount, and ZS Associates to 23 per cent of the batch. Roles in general management were offered to 15 per cent  of the batch by Airtel, Aditya Birla Group, Altisource, Bosch, Future Group, Godrej, ICICI Prudential, InMobi, Mahindra Group, Philips, Reliance, RPG, Snapdeal, TAS, and Tata Communications.

In the strategy domain, Ananda Bazar Patrika (ABP Group) and Cipla offered notable roles. Students were handpicked for niche roles in financial and marketing strategy by  George Muthoot, chairman of Muthoot Finance. Roles in operations were offered by Amazon, Asian Paints, Flipkart and Snapdeal.

Technology, business intelligence and allied fields vertical included companies like Asian Paints, Accenture Technology Solutions, Capgemini, Google, HCL, Hexaware, HUL, Indus Valley Partners, Mahindra Comviva, Matrimony.com, Microsoft, Mindtree, Mphasis, TCS, and Wipro.

Companies making international offers included Tolaram Group and Paramount Systems, with roles being based out of Africa and the West Asia. Two students from the batch of 2015 opted out of the final placements to undertake higher studies and entrepreneurship ventures respectively, a press release said.