IIM Kozhikode secures 100% summer placements

NEW DELHI: Indian Institute of Management (IIM)Kozhikode wrapped up its summer placement drive for the Post Graduate Program (PGP) and the second batches of PGP Liberal Studies and Management, and PGP Finance. As many as 559 students were offered internship opportunities at an average stipend of Rs 2 lakh, a 6.4% increase over last year's figures.

This was the largest ever batch in the summer placements and the drive continued for three days.

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This season saw 132 recruiters offering internships to 559 students with the highest stipend pegged at Rs 3.74 lakh. The average stipend bagged by the cohort was Rs 2 lakh, 6.4% higher than last year’s figure. The median stipend was recorded at Rs 2 lakh, while the top 50 percent of students secured an average stipend of Rs 2.57 lakh.

Debashis Chatterjee, director IIM Kozhikode, said: “IIMK’s diversity and talent pool has always driven our placement process with élan. The ability to secure a broad mandate of offers amidst a challenging economic and business environment was possible due to an encouraging participation from recruiters and through the ever strengthening IIMK alumni support, who are also expanding the institute’s global footprints as our ambassadors. We also believe the tremendous response to summer placements is an optimistic omen to our forthcoming final placement season.”

“The placements were conducted online. The cohort comprised candidates with average 26 months of pre-MBA work experience, and participation from women was recorded at 39% this year.

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The top performing departments were Sales and Marketing and Consulting and Finance, contributing upto 73% of the total offers being made.

The students from these departments were hired by firms like Asian Paints, Bajaj Auto, Coca-Cola, HUL, ITC, Johnson & Johnson, Loreal, Lubrizol, Marico, Nestle, PepsiCo, Pidilite, Reckitt Benckiser and Samsung among others. IT and Analytics students bagged opportunities from technology giants like American Express, Amazon, Google, Microsoft, MX Player, Walmart Labs and in-house divisions of companies like Asian Paints, DRL and HUL.

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