Final Placement for the 21st batch of the Post Graduate Program (PGP) at IIM Kozhikode saw 100% placement with a 16% increase in both the mean and median salary that stood at Rs 20.6 Lakh per annum and Rs 18.5 LPA respectively.
The mean salary in 2018 was Rs 17.8 LPA and median salary Rs 16 LPA. The top 50%students bagged an average CTC of Rs 23.73 lakh per annum, a 13% per cent increase over the previous year.
“We have not only seen a significant surge in the pre-placement offers but also have witnessed offers for niche roles by consulting and finance clusters. The average annual CTC has exceeded INR 20 lakhs this year with a 16% jump in the median annual CTC,” Placements Chairperson Professor Shovan Chowdhury said.
IIMK Director Prof Debashis Chatterjee said, “We completed our placement process within a record of 6 days and for the first time attracted the top three consultancies, McKinsey & Co, BCG and Bain & Co. on Day Zero.”
In the batch with a strength of 373, the placement witnessed the participation of 366 students. They received 390 offers from 107 recruiters. Seven students chose to opt out of the process.
The season has also witnessed a significant surge in the number of offers and the roles in consulting and finance domain as compared to the previous year, IIMK said in a release.
The major recruiters were Amazon, Boston Consulting Group, Deloitte, EY, Goldman Sachs, HUL, JPMorgan Chase & Co., Optum and PwC.
Diversified marketing and sales opportunities were offered to 18% of the batch by companies like Asian Paints, Bajaj Auto, Dr Reddy’s Laboratories, GSK, Hindustan Coca Cola Beverages, HUL, ITC, Kohler, Nestle, Samsung and Shell.
This season, 21 new recruiters participated in the placement process. They included Bain & Co, Citrix, Exide, Everest Management Consulting, HSBC Securities, IQVIA, Of Business and State Street.
As many as 30% students were recruited by consulting companies. Apart from the big three, the others included Avalon Consulting, Cognizant Business Consulting, Deloitte, Everest Management Consulting, EY, Feedback Infra and PWC. All these companies together offered 117 roles.
The BFSI cluster witnessed an impressive growth with 21% of the offers made by key financial industry recruiters including American Express, Citibank, Deutsche Bank, Fidelity Investments, Goldman Sachs, HSBC Securities, JPMorgan Chase & Co, and State Street.
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Diversified marketing and sales opportunities were offered to 18% of the batch by companies like Asian Paints, Bajaj Auto, Dr Reddy’s Laboratories, GSK, Hindustan Coca Cola Beverages, HUL, ITC, Kohler, Nestle, Samsung and Shell.
More than 14% offers were made in General Management and Operations. Capgemini, Flipkart, Mahindra, Reliance, TAS and Tata Sky were among the leading recruiters for General Management while Amazon, Asian Paints, Maersk and RPG recruited for Operations Management.
The Information Technology and Analytics cluster contributed to 17% of the offers through marquee recruiters like Citibank, Citrix, Cipla, Fidelity, Microsoft, Mondelez, Optum, Shell and Wipro.
