IIM Kozhikode announced the completion of an exciting placement season on 13th March for its twelfth batch of PG Program in Management, living up to its successful placements record despite apprehensions regarding placing a significantly larger batch of 250 students (32% more than last
A total of 122 firms participated in the Placement process this year for IIM Kozhikode’s largest ever batch size of 250 students.
These included leading names from Indian and Global Industry -
prominent financial institutions, renowned consultancies, the biggest FMCGs and some of India’s largest conglomerates. PSUs and start-ups provided the much sought diversity and greater calling to the passing out batch, aspiring to
make a difference. The Placement Process
Unlike previous years, this year the placement process was spread over weeks instead of days to give both recruiters and students more time to conduct the process and make informed decisions.
Thanks to the economic revival, the institute did have the opportunity to wrap up the process in a much shorter duration this year. However, it decided against the same. “It has always been our top priority to get students jobs in sectors of their choice. We are not here to race against the clock and
compromise on quality of offers. With a dramatic increase in batch size, it suits both recruiters and students to have the placements span over a longer duration,” said Dr Debashis Chatterjee, Director, IIMK.
The Placement process took off with the lateral placements during the last week of January.
Thereafter, final placements commenced during the first week of February with the day-based system of slotting companies stretched over a month. The placement process was put on hold for two weeks to accommodate the final examinations and resumed from February 23. “We were
greatly impressed by the maturity of the students and their professional demeanour. The talent pool available was a good mix of industry experience and fresh enthusiasm. The recruitment process was very well managed and ran smoothly even though it ran late into the night,” said Ravi Ajmera, CAO,
Deutsche Bank (Global Markets). Overview
Allaying fears that subdued placements for the Finance vertical would continue due to the spill-over effect of the recession, finance emerged to be the most preferred vertical among the students. A whopping 39% of the total roles on offer were made in the finance domain.
Marketing and consulting also dominated the placement season, with 27% of the roles offered being for sales and marketing profiles and 22% for consulting profiles. Roles offered in HR, Operations and IT verticals accounted for about 12% of the total roles. The largest recruiter for the season was Deloitte, who picked up 19 students from the campus. “We were very impressed with the quality and breadth of talent that we got to interact with at IIM K. We took the opportunity to hire some really smart people and look forward to making our relationship with the campus strategic and mutually rewarding,” said Mr Sudeep Krishna, Manager with Strategy and Operations division of Deloitte.
In order to provide a better picture of the placement scenario, the institute has decided this year to go ahead and disclose a sector-wise break up for the average pay packages. “Providing a consolidated average salary figure has been found to be inadequate for MBA-aspirants. A blanketaverage
salary figure conveys very little information about what the students can expect in a particular sector, since major variations exist in the compensation structures across sectors,” said Dr Keyoor Purani, Chairperson- Placements at IIM K.
Foreign Financial Institutions
Continuing the decade-old trend, Finance again emerged on top in terms of student interest. Roles ranging from Investment Banking, Corporate Finance and Equity Research to Corporate Banking, Retail banking and Risk Management were on offer. This segment expectedly witnessed an
impressive average salary of about INR 17.67 lakh per annum. Firms such as Nomura, Goldman Sachs, Deutsche Bank, Bank of America-Merrill Lynch, JP Morgan, Standard Chartered, HSBC, Citi, Finance Consulting Marketing Others
RBS and American Express took part in Final placements this year. The highest offer was by an investment bank based out of Mumbai for INR 28 lakh per annum CTC. Mr Mahesh Aras, Chief Operating Officer at J.P. Morgan, which also participated in the process, pointed out, “It's great to
see J.P. Morgan resonate so strongly with students on campus. We are pleased to participate in the innovative events and outreach programs on the IIM K campus as they help us attract top talent. IIM K graduate employees have excellent potential and bring positive energy to our investment banking
The Indian Financial Juggernaut
Indian firms weren’t far behind their foreign counterparts. Participation was witnessed from a host
of industry leaders such as Yes Bank, ICICI Bank, Axis Bank, Indus Valley Partners, IDBI, Futures
First, Aranca, Irevna, Bajaj Finance, ICRA, IFCI, FINO, SBI Capital etc. Multi-national industrial
houses like L&T and Essar also made offers to students in the financial domain.
There was also a substantial increase in the number of students who opted for trading roles in
select firms. In addition, thanks to the increasing importance attached to managing risk in firms,
Rating agencies also hired aggressively. On the whole, the average salary for Indian Financial firms
was slightly over INR 10 lakh per annum.
Being hyper-sensitive to the global economic scenario, the hiring appetite for Consulting firms serves
as a barometer of the general market sentiment. Going by that statement, this surely is a cause for
celebration as Consulting firms were back with a vengeance this season. Firms like Mckinsey & Co.,
Accenture Business Consulting, KPMG, Deloitte, PricewaterhouseCoopers, Bristlecone, Hewitt,
Cognizant Business Consulting, Droege, Gallup Consulting, Directi etc. participated in the process
this year. Hanish Yadav, who joined IIM Kozhikode after serving in the Indian Railways for 3 years,
received the most coveted offer on campus from McKinsey and Co. “It is a dream come true for me
to be given the opportunity to work with the most reputed consulting firm. I wanted to do an MBA to
use my expertise gained with working with the Railways and enter the consulting domain. This wish
of mine has been completely fulfilled,” said an ecstatic Hanish. The average salary for this segment
was in excess of INR 14 lakh per annum. Deloitte emerged as the largest recruiter on the campus this
year with a total of 19 offers, while Cognizant Business Consulting was second with 11 offers.
Figure 5: Highest Salary across Sectors
The FMCG sector which predominantly offered roles in Sales & Marketing and Operations ended up
with an average salary of INR 11 Lakhs approximately. After the break of one year, most of the
campus favourites were back and IIMK saw participation from FMCG companies like ITC, Kelloggs,
Pepsi, HCCB, Marico, Coca Cola, Amul and Britannia among others.
In the broader marketing domain, firms such as Pfizer, Sony Entertainment Television, Raymond,
Titan, Virgin, Suzlon, Arvind Brands, Sony Entertainment, Tata Motors, Thomas Cook and VIP Bags
made offers to several marketing enthusiasts.
The Human Angle
Human Resources vertical saw a healthy rise from last year in terms of student interest and
corporate India was quick to capitalize on the same. Roles in Human Recourses were offered by
companies like Infosys, ONGC, IFCI etc. The average salary for this sector was around INR 9.35 lakh.
A number of Public Sector Undertakings recruited for HR roles this year.
The Information Edge
IT companies and the Information Technology sector as a whole was back in form and on a veritable
hiring spree. The average salary in this sector was INR 9.57 lakh per annum with prominent names
from the IT domain including TCS, Wipro, Infosys, IBM, Mindtree, iGate, NIIT, HCL, Tech Mahindra
Firms such as Syntel, IMRB, USHA International etc. also visited the campus offering positions in
senior management. Some firms were so impressed with the capability and potential of the students
that they offered role of Vice-President to certain students.
Conglomerates such as Essar, Mahindra, Tata, L&T, Tolaram Group, Jindal etc also visited the
campus. They made offers to students in diverse roles including finance, marketing, general
management and HR. "I wish to acknowledge with appreciation and gratitude the support provided
by the entire team of placements committee of IIM-K. It was a pleasure interacting with the bright
students of the institute. Kudos to them for their effort and I am sure that this will go a long way in
building long term association with them," said Mr Praveen Gupta, Assistant VP for HR at Jindal
A number of Public Sector firms, including the Maharatnas and Navratnas like ONGC, HPCL, BHEL,
Power Finance Corporation, Central Bank of India, Shipping Corporation of India etc. also
participated and opened up diverse roles for students across verticals.
Lateral Placements this year were a great success owing primarily to the diverse and extensive work
experience of the students. Companies such as Deloitte, Accenture Business Consulting, Nomura,
Pepsi, Genpact and Thomas Cook made offers to the students. The lateral placements were
completed by January-end with more than 80 students being placed by this time.
Many firms hired for senior level positions and offered packages that were consummate with the
high levels of experience that the students were bringing with them. Hridesh Lal, a student with 5
years of work experience in Maruti, landed himself a dream job in Operations with Arshiya
International. While the company offered management trainee positions across other IIMs, Hridesh
was directly inducted at a senior manager’s position. Mr N Venkateshwaran, Head of HR &
Administration at Arshiya International pointed out, “Our experience at IIM K was very pleasant and
we found the placement process to be conducted in a very professional manner. The calibre of
students was of a high order and met the challenging requirements of Arshiya. Our target was to
pick 1 student but we ended up selecting 3. We will continue to be associated with this Institute in
The Entrepreneurial Streak
Eight students opted out of the placements process this year to start ventures of their own. Two
stalwart students, Kapil Jain and Suman Patra, have decided to start a B2B communication venture
worth INR 40 lakh.
Tapangshu Das and Ravi Kumar, who had decided early in the final year of their course that they
want to start a venture of their own, have already drawn up plans to supply components made of
natural rubber to automotive companies back home in Agartala with an investment of INR 50-60
lakh. As for the funding, Tapangshu said, “I expect to get support from angel investors and the
Northeast Decision Sciences Institute.”
For the Alma Mater
The alumni network of the institute, which is getting increasingly stronger by the year, had a big
hand to play in ensuring participation from few of the best companies in the industry in the
Placement process. Alumni from a lot of companies also made it a point to travel with the
recruitment team to the institute ensuring a smooth conductance of the placements process by their
The Indian Institute of Management Kozhikode (IIMK) was established in 1996 as the fifth IIM. A joint
effort between the Government of India and the Government of Kerala, IIMK is one of India’s premier
Business Schools and it attracts the best talent from across India for its Post Graduate Program in
Business Management. IIMK seeks to achieve a leadership position in management education and
research and become a major learning resource centre in the Asia-Pacific region. Driven by
compelling industry relationships, a rich pool of talent and world-class infrastructure and facilities,
IIMK will continue its journey on the growth trajectory that it has defined.
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