Final Placement 2020 at IIM Kozhikode for its flagship MBA saw a 12% increase in the mean salary at Rs 23.08 Lakh per annum (LPA) compared to Rs 20.6 LPA in 2019.
The process concluded in just five days with 100% placement for 413 students. The two-year full-time Post-Graduate Program (PGP) 2018-20 batch was the largest ever at 418. Five of the students had opted out of the placement.
IIM Kozhikode Final Placement: Rise in Mean, Median and Average CTC
Apart from the increase in the mean salary from 20.6 LPA to 23.08 LPA, the median went up from 18.5 LPA to 20.8 LPA as compared to last year. The top 50% of the students bagged an average CTC of 26.69 LPA, a 12.5% increase from the previous year.
Major Recruiters at Final Placement 2020
Major recruiters at the placement included Accenture Strategy, Accenture Technology Consulting, Airtel, Amazon, American Express, Asian Paints, Axis Bank, Bain & Co., Bajaj Auto, Boston Consulting Group, Capgemini, Cognizant Business Consulting, Citi Bank, Citrix, Deloitte, Deutsche Bank, EY, EXL Analytics, Flipkart, Goldman Sachs, HSBC, HUL, JPMorgan Chase & Co., Microsoft, Nomura, Pidilite, PwC, Reliance, RPG, Samsung, Sony, TAS, TATA Sky, and Tolaram.
Among the 48 new recruiters who participated in the process for the first time were AB InBev, Blackbuck, Bounce, Cisco, Cloudtail, D.E. Shaw, GE Healthcare, Google, Gramener, JSW, Myntra, Ninjacart, Uber, Udaan, VMware, Work India, and Xiaomi.
Consulting Tops with 29% Offers
In domain-wise recruiting, Consulting came up with a maximum of 29% offers. McKinsey & Co, BCG and Bain & Co participated in the placement. Some of the long-term collaborative recruiters were Accenture Strategy, Accenture Technology Consulting, Cognizant Business Consulting, Deloitte, EY, Infosys Consulting, IQVIA Consulting, PwC, ZS Associates.
BFSI Makes 21% Offers
The BFSI cluster also witnessed impressive growth in opportunities offered at IIM Kozhikode. This yea,r 21% of the offers were made by major financial industry recruiters with the majority of the offers being secured from traditional banks including Axis Bank, Bank of America, Citi Bank, Deutsche Bank, Goldman Sachs, HSBC, ICICI Bank, IDFC First Bank, J.P.Morgan Chase & Co and Yes Bank.
18% Offers in Sales & Marketing
Sales & Marketing domain came up with around 18% offers. Major recruiters included 3M, ABFRL, Asian Paints, Bajaj Auto, Enphase Energy, Evanssion, GE Healthcare, GSK, HCL, HUL, L&T, Lenovo, Maruti, OfBusiness, Payoneer, Pidilite, Samsung, Sony, Tata Sky, Tolaram and Xiaomi.
IT & Analytics Sees Marquee and Niche Recruiters
The Information Technology and Analytics cluster contributed with offers from a combination of marquee recruiters and a few niche recruiters like American Express, Citrix, Google, Gramener, IBM, JDA, LatentView Analytics, Mahindra Comviva, Microland, Microsoft, mPhasis, Myntra, PlaySimple Games, Sabre, VMWare, Wipro.
17% Offers from General Management & Operations
More than 17% of the offers were for General Management and Operations roles. Some of the major recruiters in these domains were AB InBev, Airtel, Amazon, Amplus Solar, BlackBuck, Capgemini, Cloudtail, Flipkart, JSW, Mahindra, Ninjacart, Rebel Foods, Reliance, RPG, TAS, Uber, WNS Global.
More than 200% Rise in Offers from Startups and E-commerce Firms
The institute attributed the relevant course curriculum and the competitive nature of the students in the more than 200% rise in offers from startups and e-commerce firms. Prominent recruiters in this cluster include Amazon, Cloudtail, Flipkart, Myntra. Among the first-timers were Blackbuck, Bounce, Gramener, Myntra, Ninjacart, Rebel Foods, Udaan, Unacademy and Work India.
Edu-tech May Become Prime Recruiter in Future
Speaking on the placement trends, Prof. Debashis Chatterjee, Director IIM Kozhikode, said “The alacrity of placements is reflective of the consolidation that quality B-Schools like IIM Kozhikode have achieved over the years. Technology is re-shaping education and I foresee the edu-tech sector becoming the prime recruiter and a formidable force in attracting talent.
“The class of talent an Institute like IIMK offers is more enduring than the job profiles. Our students are recognized by our recruiters for their distinctive traits like talent profile, multi-cultural literacy, entrepreneurial mind-set and richer diversity quotient,” he added.
Prof Shovan Chowdhury, Chairperson, Placements at IIM Kozhikode, said, “IIMK has witnessed another successful completion of final placements for its largest batch despite the negative sentiment of the job market.
“Green energy and e-commerce sectors along with emerging startups including education technology start-up have hired this year along with the other traditional firms. IIMK has seen a 200% surge in offers from start-up along with more than 150% increase in the roles from e-commerce firms securing 12.5% of the total offers from these sectors.
“Contrary to industry sentiments, 14% of the offers have come from the banking sector. Overall, we have seen a 22.4% increase in the participation of the companies this year,” he added.
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