With over 119 recruiters and 370 offers, the Indian Institute of Management, Kozhikode (IIM-K) announced completion of its final placements for its 2014-16 post graduate programme batch in record seven days.
While average salaries rose by 12 per cent as compared to last year, final placements at IIM-K saw consulting as the leading sector with the likes of Boston Consulting Group, McKinsey, Accenture Management Consulting, Deloitte, Ernst & Young and PricewaterhouseCoopers recruiting in good numbers.
Highest domestic package at IIM-K stood at Rs 37 lakh per annum whereas average salaries rose by 12 per cent to stand at Rs 17.1 lakh per annum, the institute stated.
Of the total 370 offers, the consulting sector alone made a total of 99 offers including the likes of Accenture Management Consulting, Avalon Consulting, BCG, CBC, Deloitte, EY, Frost and Sullivan, KPMG, McKinsey, PwC sharing a total of 99 offers being made to over 28 per cent of the total batch. The domain grew by over 16.5 per cent in terms of number of offers over last year, IIM-K stated.
According to A F Mathew, Chairperson Placements at IIM-K, the institute was able to give diverse opportunities to all students by bringing many branded companies in every cluster.
"The students have far exceeded the expectations of the recruiters which resulted in a large number of new recruiters visiting campus. This has led to IIM Kozhikode setting a benchmark in the industry for years to come," Mathew said.
The premier B-school also saw some of the first time recruiters such as 3M, Bank of America, Boston Consulting Group, Brand Accelerator, Capita, Caratlane, Credit Suisse, Ernst & Young, Frost and Sullivan, McKinsey, Mondelez, Paytm, Schneider and Shell among others.
In all, first time recruiters together made offers up to 100.
In terms of financial roles, first time recruiters like Credit Suisse and Bank of America made a total of 13 offers. Add to that, with major companies like American Express, Axis Bank, Citibank, Deutsche Bank, Edelweiss, Fidelity, Goldman Sachs, JP Morgan Chase, Nomura, Yes Bank also making offers to the candidates, the combined on-campus and pre-placement offers (PPOs) made in the sector grew to 21 per cent.
While major brands like 3M, Ananda Bazaar Patrika (ABP), Arvind Lifestyle, Godrej, Heinz, HUL, Idea, Infineon, ITC, Kellogg's, Marico, Maruti, Nestle, Philips, Schneider, Snapdeal and Vodafone made offers for sales and marketing roles, those in the Leadership Programmes/Strategy domain were offered by Aditya Birla Group, Airtel, Madura, Mahindra, Reliance, RPG, TAS and Tata Communications, among others including many first-time recruiters like Brand Accelerator, LAVA, Mytrah, and Paytm.
Offers for operations roles were made by Amazon, Capita, EXL, HCCB, Ola Cabs, Raymond, Shell, Tata Steel and TVS, whereas offers made by companies in the IT/ ITES and analytics profile included Asian Paints, Capgemini, Google, HCL GEM, HUL, Kirusa, Microsoft, Mindtree, Mondelez, Syntel, ZS Associates and the likes.
Meanwhile, regular recruiters included the likes of Cognizant Business Consulting, IBM, Infosys, TCS and Wipro who continued to recruit from the campus for their IT, analytics and consultancy roles.
Commenting on the placements, Kulbhushan Balooni, Director (In-Charge) of IIM Kozhikode said: "IIM Kozhikode has continued to live up to its name in the industry over the years. This had led to many first-time recruiters willing to make offers on campus. The regular recruiters have continued to lay their faith in the capabilities of the students."