28 Jan 2020 14:34 IST

IIM Kozhikode clocks 100% placements; mean salary stood at ₹23.08 lakh

A total of 131 recruiters participated and offered jobs to 413 students

Indian Institute of Management Kozhikode witnessed 100 per cent placements in five days for the 413 students participating in the placement process with offers being rolled out by 131 recruiters.

In its largest batch consisting of 418 students, the placements witnessed a 12 per cent increase in the mean and 12.4 per cent increase in the median salary from last year. The mean salary increased from ₹20.6 lakh to ₹23.08 lakh while the median increased from ₹18.5 lakh to ₹20.8 lakh as compared to last year. The top 50 per cent of the students bagged an average CTC of ₹26.69 lakh, a 12.5 per cent increase compared to last year. Five students chose to opt out of the process.

Accenture Strategy, Accenture Technology Consulting, Airtel, Amazon, American Express, Asian Paints, Axis Bank, Bain & Co, Bajaj Auto, Boston Consulting Group, Capgemini, Cognizant Business Consulting, Citi Bank, Citrix, Deloitte, Deutsche Bank, EY, EXL Analytics, Flipkart, Goldman Sachs, HSBC, HUL, JPMorgan Chase & Co., Microsoft, Nomura, Pidilite, PwC, Reliance, RPG, Samsung, Sony, TAS, TATA Sky, Tolaram were among the top recruiters.

Increased participation

Prof Shovan Chowdhury, Chairperson, Placements, IIM Kozhikode, said: “Green energy, and e-commerce sectors along with emerging start-ups including education technology start-ups have hired this year along with the other traditional firms. IIM-K has seen 200 per cent surge in offers from start-up along with more than 150 per cent increase in the roles from e-commerce firms securing 12.5 per cent of the total offers from these sectors. Contrary to the industry sentiments, 14 per cent of the offers has come from the banking sector. Overall, we have seen 22.4 per cent increase in the participation of the companies this year.”

AB InBev, Blackbuck, Bounce, Cisco, Cloudtail, D.E. Shaw, GE Healthcare, Google, Gramener, JSW, Myntra, Ninjacart, Uber, Udaan, VMware, Work India, and Xiaomi were among the 48 new recruiters.

Prof Debashis Chatterjee, Director, IIM Kozhikode, said: “The alacrity of placements is reflective of the consolidation that quality B-Schools like IIM Kozhikode have achieved over the years. Technology is re-shaping education and I foresee the edu-tech sector becoming the prime recruiter and a formidable force in attracting talent.”