Brushing aside the pandemic’s ripple effect, IIM Kozhikode successfully closed the Summer Placements drive for the 24th batch of its Post Graduate Program (PGP) and the inaugural batches of PGP Liberal Studies and Management, and PGP Finance, the largest ever batch by Day 3 of Recruitment Week.
Announcing the successful wrap of Summer Placements, Professor Debashis Chatterjee, Director IIM Kozhikode, said “The ability to secure a broad mandate of offers amidst a challenging business environment brought on by the COVID-19 pandemic is the hallmark of a top B-School. The process was also witnessed to the largest and the most diverse batch at IIMK and was completely carried out by a virtual placement drive through robust technology, witnessing encouraging participation from recruiters and through the ever-strengthening alumni support in our Silver Jubilee Year. The active involvement and commitment of our students and faculty contributed to receiving appreciation for a seamless transition to the new normal by our recruitment partners.”
A key highlight of this year’s virtual placement season was the excellent participation from Front End Investment Banking and Private Equity/Venture Capitalists, as well as E-Commerce companies. Offers in these domains doubled year-on-year during Summer Placements 2020 as compared to the previous season. The recruiters were overwhelmed by the diverse talent pool on offer at IIM Kozhikode, especially with the addition of PGP Liberal Studies and Management and PGP Finance. With 52 per cent gender diversity, the incoming batch also has more than 40 per cent of students coming from a non-engineering background and more than 65 per cent of students having pre-MBA work experience with some of the largest brands in the country.
This season attracted participation from 144 recruiters who offered internships to 541 students with the highest stipend for two months pegged at INR 3.2 lakhs. The average stipend during the internship period for the cohort is INR 1.88 lakhs and a median of INR 2 lakhs, with the top 50 per cent of students securing an average stipend of INR 2.6 lakhs. The Placement drive witnessed top recruiters including Accenture Strategy, Amazon, Asian Paints, Boston Consulting Group, Citibank, Deloitte USI, Flipkart, Goldman Sachs, JP Morgan Chase, Microsoft, PwC and TAS extending an aggregate of 146 offers to around 27 per cent of the batch. Dr Omkumar Krishnan, Placements Chairperson at IIM Kozhikode said, “I'd like to thank our regular recruiters who have bestowed their confidence in IIMK’s talent pool year after year. I am grateful to the alumni, who have always been a pillar of enduring support to the institute particularly in these pandemic times.”
