09 Nov 2020 21:32 IST

IIMK completes its summer placements virtually

The placement drive witnessed participation from investment banking firms and e-commerce companies

IIM Kozhikode has successfully completed the summer placements drive for the 24th batch of its Post Graduate Program (PGP) and the inaugural batches of PGP Liberal Studies and Management, and PGP Finance.

Announcing the successful wrap of summer placements, Prof DebashisChatterjee, Director, IIM Kozhikode, said “The ability to secure a broad mandate of offers amidst a challenging business environment brought on by the Covid-19 pandemic is the hallmark of a top B-School. The process was also witness to the largest and the most diverse batch at IIMK and was completely carried out by a virtual placement drive through robust technology, witnessing an encouraging participation from recruiters and through the ever strengthening alumni support in our silver jubilee year.”

Key highlights

This year’s virtual placement season witnessed participation from front end investment banking and private equity/venture capitalists, as well as e-commerce companies. Offers in these domains doubled year-on-year during summer placements 2020 as compared to the previous season.

With 52 per cent gender diversity, the incoming batch also has more than 40 per cent students coming from a non-engineering backgrounds, and more than 65 per cent students having pre-MBA work experiences, thereby offering a diverse talent pool for the recruiters.

This season attracted participation from 144 recruiters who offered internships to 541 students with the highest stipend for two months pegged at ₹3.2 lakh. The average stipend during the internship period for the cohort is ₹1.88 lakh and a median of ₹2 lakh, with the top 50 per cent of students securing an average stipend of ₹2.6 lakh.

The placement drive witnessed top recruiters including Accenture Strategy, Amazon, Asian Paints, Boston Consulting Group, Citibank, Deloitte USI, Flipkart, Goldman Sachs, JP Morgan Chase, Microsoft, PwC and TAS extending an aggregate of 146 offers to around 27 per cent of the batch.

Sales and Marketing contributed 26 per cent of offers on campus and saw participation from firms such as Asian Paints, Bajaj Auto, Colgate Palmolive, HUL, ITC, Pidilite, Reckitt Benckiser, Samsung and Vodafone Idea among others. More than 18 per cent of the student cohorts were offered internships in the consulting domain such as Accenture Strategy, Boston Consulting Group, Deloitte India, Deloitte USI, GEP, PwC and others among its prominent recruiters.

Major recruiters include BFSI and e-commerce companies

A significant segment of the student cohort were offered lucrative internships in the BFSI Domain for diverse and lucrative roles such as front-end investment banking, quantitative finance, private equity, equity research, and impact investing offered by Axis Bank, Citi Bank, Credit Suisse, DE Shaw, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan Chase, Nomura, The RainMaker Group and The Rohatyn Group among others.

Students in the IT and Analytics domain attracted offers from a mix of technology giants such as American Express, Amazon, Google, Microsoft, MX Player, Walmart Labs, and in-house divisions of companies such as Asian Paints and HUL.

The operations domain witnessed participation from Amazon, Asian Paints, Blackbuck, Flipkart, Uber, and other firms alongside new recruiters such as Bounce. Major conglomerates and business houses including AbInBev, Capgemini, Coca Cola, Mahindra, RPG Group and TAS offered Leadership Development and General Management roles to 13 per cent of the students.

Dr Omkumar Krishnan, Placements Chairperson, IIM Kozhikode said, “I'd like to thank our regular recruiters who have bestowed their confidence in IIMK’s talent pool year after year. I am grateful to the alumni, who have always been a pillar of enduring support to the institute particularly in these pandemic times.”