18 Jan 2019 15:21 IST

IIM-Kozhikode witnesses 100% placements for 366 students

The top 50% of the students have bagged an average CTC of Rs 23.73 lakh per annum

IIM-Kozhikode has concluded its final placement for the its 21st batch with a 16% increase in both the mean and median salary from last year. The mean salary increased from ₹17.8 lakh per annum in 2018 to ₹20.6 lakh per annum in 2019. The median has increased from 16 lakh per annum in 2018 to ₹18.5 lakh per annum in 2019.

The top 50% of the students bagged an average CTC of ₹23.73 lakh per annum , a 13% increase from the last year. The season has also witnessed a significant surge in the number of offers and the roles in consulting and finance domain as compared to last year.

In a batch of 373 students, IIM-Kozhikode witnessed 100% placements for the 366 students participating in the placements process with 390 offers from 107 recruiters. Seven students chose to opt out of the process. The major recruiters were Amazon, Boston Consulting Group, Deloitte, EY, Goldman Sachs, HUL, JPMorgan Chase & Co., Optum and PwC.

This season, 21 new recruiters participated in the placement process. Bain & Co, Citrix, Exide, Everest Management Consulting, HSBC Securities, IQVIA, Of Business and State Street were a few of the new entrants.

Prof. Debashis Chatterjee, Director, IIM-Kozhikode, said, “We completed our placement process within a record of 6 days and for the first time attracted top 3 consultancies like McKinsey & Co, BCG and Bain & Co. on day zero. This is a testimony to the exceptional value we continue to create for our key stakeholders.

He further added, “We continue to be a socially conscientious institute and provide fee reduction and scholarships to our students to overcome the financial burden as ten per cent of our students come from families that have an annual income of ₹1 lakh or less.”

Professor Shovan Chowdhury, Chairperson, Placements said, “We have not only seen a significant surge in the pre-placements offers but also have witnessed offers for niche roles by consulting and finance clusters.”