IIM Kozhikode records 100% summer internship placements for PGP; median stipend rises by 25%

NEW DELHI: The Indian Institute of Management (IIM) Kozhikode successfully concluded the summer internship recruitment drive with 100% placements for its two-year full time Post Graduate Programmes in Management (PGP). A total of 122 recruiters offered internships to 541 students with the highest stipend pegged at Rs 6.47 lakhs. The mean and median stipend stands at Rs 2.5 lakh, an increase of 25% over last year.

The 26th batch of IIMK’s flagship PGP programme along with the 3rd batch of PGP-Finance and 3rd batch of PGP- Liberal Studies and Management participated in this recruitment drive. “The batch comprised 47% women candidates and 45% non-engineering candidates; with an average of 27 months of rich and diverse pre-MBA work experience,” the institute said in a statement.

Of the total, 27% offers were rolled out by the consulting companies and 24% by sales and marketing.

The placement season also provided international opportunities with participation of Suzuki Japan and start-ups like I’m Beside You. Other major highlights include the participation of leading companies like Disney Hotstar, Mercedes-Benz and Sony Pictures Network India for multiple roles like Strategy, Product Management and Marketing.

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Consulting

Around 26% of the offers were rolled out by the consulting cluster this season. Some of the long-term collaborative recruiters in this domain that participated this time are Accenture Strategy, Bain & Company, BCG, Deloitte, Everest Group, EY, EY-Parthenon, GEP, KPMG, PwC, and Synergy Consulting.

Finance

This year, 18% of the offers were made in the financial sector with an increase of 27% in the average stipend. The majority of the offers were secured from financial institutions including Barclays, CitiBank, Credit Suisse, CRISIL, HSBC Securities, ICICI Bank, IDFC First Bank, Nomura, SBI Capital Markets, Standard Chartered, TresVista and Yes Bank.

Marquee recruiters like British International Investments, GEF Partners, Piramal Alternatives, TRG have offered PE/VC roles, while firms like Deutsche Bank, DE Shaw, Goldman Sachs, and JP Morgan Chase & Company have offered Corporate and Investment Banking roles, IIM Kozhikode said.

General Management and Operations

General Management and Operations contributed to 12% of the total offers. Esteemed conglomerates like Adani Group, Aditya Birla Group, Capgemini, CK Birla Group, JSW, Mahindra, Reliance, Tata Administrative Services have hired students for their coveted Management Leadership programs. On the other hand, Operations giants like Amazon, Flipkart, Maersk and Uber have also extended offers in the operations domain, it said.

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Sales and Marketing

Sales and Marketing witnessed 24% offers made with an increase of 39% in the average stipend from major recruiters such as Asian Paints, Astrazeneca, Bajaj Auto, Bajaj Consumer Care, BP Castrol, Coca Cola, Cipla, Dr. Reddy’s Laboratories, HUL, ITC, Johnson & Johnson, Nestle, PepsiCo, Pidilite, Reckitt, RPG, ReNew Power, Samsung, Tata Consumer Products, Tata Play, and Tata Steel showing their confidence in the institute’s talent pool.

Information Technology and Analytics

The Information Technology and Analytics cluster contributed to 13% of the total offers from a combination of marquee recruiters and a few niche recruiters like American Express, Big Basket, CarDekho, Media.Net, Mercedes Benz, Optum, Titan, Vodafone Idea, Walmart Labs and Wipro.

IIM Kozhikode director Debashis Chatterjee said, “The key highlight of this placement season was the participation from Private Equity and Fund Management firms. The results reinforce our recruiters’ faith in the academic capabilities, diverse student community and IIM Kozhikode’s commitment towards pursuing excellence in all fields of engagement. My appreciation to the students and IIMK Placement Committee for their superlative performance.”

ArcelorMittal, Bajaj Consumer Care, Barclays, Big Basket, BP Castrol, Coromandel International, Haleon, Jubilant FoodWorks, Justdial, MagicBricks, Media.Net, Newzera, PUMA, ReNew Power and Tata Consumer Products were among the 35 new recruiters who participated in the summer placements process this year.