Despite the slowdown in the global economy, the Indian Institute of Management Kozhikode (IIMK) has seen 100% placements this season and the number of recruiters has increased by 4.6% since last year.
However, average and average salaries have decreased slightly since last year. Average salary was ₹ 22.5 lakh per year (LPA) while average salary was at L 20 LPA. Previously, it was .08 23.08 LPA, while the average was L 20.8 LPA.
459 students secured placements with offers being rolled out by 137 recruiters. The top 50% students achieved an average CTC of L 28.9 LPA, an 8.1% increase from the previous year.
Last year, the placement was rolled out by 131 recruiters for 413 students. Then, the top 50% of students achieved an average CTC 926.69 LPA.
Announcing the success of the virtual placement drive, IIMK Director Prof. Debashish Chatterjee said that the placement is a testament to the flexibility and competence of our students, alumni, faculty and administration.
He said that 2020-21 will go down as a year of true achievement in the 25-year history of IIM Kozhikode. The competitive nature of the students and the dynamic curriculum designed by the leading thinkers of the country give our overall efforts to provide quality education and remain relevant with the changing times, Prof. Chatterjee said.
A press release stated that 32.7% of offers were rolled out by the consulting cluster in this session, an increase of 12.5% over the previous year. Some of the long-term associate employers in this domain currently participating are Accenture Strategy, Bain & Company, BCG, Blue Yoner, Cognizant Business Consulting, Deloitte, EY, Infosys Consulting, IUCIA Consulting, Optum, PwC, Thocentric and more. ZS Associates.
In addition, the Banking, Financial Services and Insurance (BFSI) cluster also saw an impressive growth in opportunities offered at IIM Kozhikode. This year, 21.5% of the proposals were made in the financial sector, most of which were secured by reputed financial institutions. Which includes Axis Bank, Bank of America, Blackrock, Citi Bank, Deutsche Bank, Acircus Capital, Goldman Sachs, HSBC, ICICI Bank, IDFC First Bank, JP Morgan Chase & Co., State Street and Yes Bank.
IIMK maintains its legacy of offering the most sales and marketing opportunities with about 15.25% of the offers made by this cluster. The information technology and analytics cluster took offers from marquee recruiters such as American Express, Inspiz Energy, Google, Fractal Analytics, Microsoft, Mphasis and Walmart Labs.
The institute has also received offers from start-ups and e-commerce firms including Amazon, Flipkart, Myntra, Paytm, Udaan, showing their confidence in the IIMK talent pool.