Rs 1 lakh highest offer at IIM-K summer placements

Indian Institute of Management Kozhikode (IIM-K), the first of the IIMs to conclude summer placements this year, saw a little over Rs 1 lakh as the highest stipend offered.

This is similar to the amount offered in 2008.

Global consulting and financial firms like Arthur D Little, JPMorgan Chase, Citigroup, HSBC, Deutsche Bank, and Standard Chartered Bank, among others, visited the campus this year. The batch strength increased from 180 in 2007 to 260 in 2008 and 309 in 2009.

While banks and other financial services firms like Deutsche bank, JPMorgan Chase, Edelweiss, HSBC and Citigroup lapped up as much as 21 per cent of the batch, business conglomerates like Escorts group, Ramky group and Shriram EPC offered profiles in corporate finance, with around 9 per cent of the batch opting for these roles.