IIM Kozhikode achieves 100% final placements for PGP courses; highest salary at Rs 67.02 lakh

NEW DELHI: The Indian Institute of Management (IIM) Kozhikode witnessed 100% placements for its two-year Postgraduate Programmes in Management (PGP) with a total of 559 offered by 123 recruiters. This year, IIM Kozhikode received the highest salary package of Rs 67.02 lakh per annum offered by a company from the IT sector.

The mean salary for the PGP graduating batch stood at Rs 31.02 lakh per annum (LPA), while the median was at Rs 27 LPA. “The average for the top 5 percentile of the offers is Rs 62.04 LPA, an increase of 8% over last year and the average for the top 10 percentile stands at Rs 55.2 LPA, an increase of over 4% over last year,” it announced.

“This placement season was a grand success for the silver jubilee batch of its flagship PGP programme, along with PGP-Finance, and PGP-Liberal Studies and Management - the three two-year full time PGP programmes at IIMK,” the institute said.

IIMK Placement 2023: 33% offers in consulting cluster

The institute said that around 33% of total offers were rolled out by the consulting cluster. Some of the long-term collaborative recruiters” in the consulting cluster are Accenture, Bain & Company, Boston Consulting Group, Deloitte, Everest Group, Experian, EY, KPMG, PwC, RedSeer and Synergy Consulting.

IIMK director Debashis Chatterjee said: “The strong performance reflects the trust recruiters have built with the institute over the years and the appreciation for the diverse talent pool across the Institute’s portfolio of PGP programmes. The year also witnessed the successful placement of the silver jubilee batch of our flagship programme, PGP 25, which is a testimony to the reputation IIMK has built over the past three decades.”

Qambar Abidi, placements chairperson at IIM Kozhikode said: “The success of the placements season is a testimony to the recruiters continued confidence in IIMK’s talent pool. The strong connection with the IIMK alumni has been a pillar of enduring support to the institute.”

IIMK Placement 2023 witnessed 26% of the offers in the financial sector, which is a 73% increase from last year. The majority of offers were secured from financial institutions including Ambit Capital, Axis Bank, Bank of America, DE Shaw, Deutsche Bank, Equitas, JPMorgan Chase & Co, Nomura, NovaOne Capital, Standard Chartered, Yes Bank. Marquee recruiters like Equiris, Goldman Sachs, and Piramal Alternatives have offered Investment Banking and Private Equity roles.

This year, the Information Technology and Analytics cluster contributed to 59 total offers from a combination of marquee recruiters and a few niche recruiters like EXL Analytics, Jio Platforms, Mercedes Benz, Microsoft, Optum, Walmart and ZEE Entertainment.