IIM Kozhikode Student Bags Internship With Stipend at INR 6.47 Lakhs

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IIM Kozhikode achieves 100 % Summer Internship Placements for the Batch of 2024

  • Increased hiring from Consulting and Private Equity companies
  • Season attracts offers from 122 recruiters for 541 students from three full-time PGP programmes, comprising of 47% women candidates and 45% non-engineering candidates.
  • Highest Stipend at INR 6.47 Lakhs. Mean and median stipend stands at 2.5 Lakhs, an increase of 25% over last year.
  • Greater recruiter diversity observed – more international offers, increased hiring in Media, Finance and Automotive.
October 13, 2022|Kozhikode: The Indian Institute of Management Kozhikode successfully closed the Summer Internship recruitment drive with 100% placements for its two-year full time PGP programmes. This season attracted participation from 122 recruiters which offered internships to 541 students with the highest stipend pegged at INR 6.47 lakhs. The mean and median stipend stands at 2.5 Lakhs, an increase of 25% over last year.

The 26th batch of IIMK’s flagship PGP Programme along with the 3rd batch of PGP- Finance and 3rd batch of PGP- Liberal Studies and Management participated in this recruitment drive. The batch comprised of 47% women candidates and 45% non-engineering candidates; with an average of 27 months of rich and diverse pre-MBA work experience.

Announcing the successful wrap of Summer Placements, Prof. Debashis Chatterjee, Director IIM Kozhikode, said “The key highlight of this placement season was the participation from Private Equity and Fund Management firms. The results reinforce our recruiters’ faith in the academic capabilities, diverse student community and IIM Kozhikode’s commitment towards pursuing excellence in all fields of engagement. My appreciation to the students and IIMK Placement Committee for their superlative performance.”

Private Equity and Fund Management firms: British International Investments, GEF Capital Partners, Piramal Alternative and The Rohatyn Group were among the ones that participated in the process. The placement season also provided international opportunities with participation of Suzuki Japan and start-ups like I’m Beside You. Other major highlights include the participation of leading companies like Disney Hotstar, Mercedes-Benz and Sony Pictures Network India for multiple roles like Strategy, Product Management and Marketing.

Accenture Strategy, Accenture Technology, Amazon, American Express, Asian Paints, Astrazeneca, Bain & Company, Boston Consulting Group, Capgemini, Citi Bank, Credit Suisse, D.E. Shaw, Deloitte, Deutsche Bank, Everest Group, EY, Flipkart, Goldman Sachs, Google, HUL, JSW, JPMorgan Chase & Co, Mahindra, Nestle, Nomura, Pidilite, PwC, Reliance, RPG, Samsung, Standard Chartered, Synergy Consulting, TATA Play, TRG, Uber, Walmart, Wipro, Yes Bank were amongst the major recruiters.

ArcelorMittal, Bajaj Consumer Care, Barclays, Big Basket, BP Castrol, Coromandel International, Haleon, Jubilant FoodWorks, Justdial, MagicBricks, Media.Net, Newzera, PUMA, ReNew Power and Tata Consumer Products were among the 35 new recruiters who participated in the summer placements process this year.

Around 26% of the offers were rolled out by the consulting cluster this season. Some of the long-term collaborative recruiters in this domain that participated this time are Accenture Strategy, Bain & Company, BCG, Deloitte, Everest Group, EY, EY-Parthenon, GEP, KPMG, PwC, and Synergy Consulting.

The BFSI cluster has witnessed an impressive growth in terms of the variety of roles extended at IIM Kozhikode. This year, 18% of the offers were made in the financial sector with an increase of 27% in the average stipend. The majority of the offers were secured from reputed financial institutions including Barclays, CitiBank, Credit Suisse, CRISIL, HSBC Securities, ICICI Bank, IDFC First Bank, Nomura, SBI Capital Markets, Standard Chartered, TresVista and Yes Bank. Marquee recruiters like British International Investments, GEF Partners, Piramal Alternatives, TRG have offered PE/VC roles, while firms like Deutsche Bank, D.E. Shaw, Goldman Sachs, and JP Morgan Chase & Company have offered Corporate and Investment Banking roles.

General Management and Operations contributed to 12% of the total offers. Esteemed conglomerates like Adani Group, Aditya Birla Group, Capgemini, CK Birla Group, JSW, Mahindra, Reliance, Tata Administrative Services have hired students for their coveted Management Leadership programs. On the other hand, Operations giants like Amazon, Flipkart, Maersk and Uber have also extended offers in the operations domain.

Sales & Marketing witnessed 24% offers made with an increase of 39% in the average stipend from major recruiters such as Asian Paints, Astrazeneca, Bajaj Auto, Bajaj Consumer Care, BP Castrol, Coca Cola, Cipla, Dr. Reddy’s Laboratories, HUL, ITC, Johnson & Johnson, Nestle, PepsiCo, Pidilite, Reckitt, RPG, ReNew Power, Samsung, Tata Consumer Products, Tata Play, and Tata Steel showing their confidence in the institute’s talent pool.

The Information Technology & Analytics cluster contributed to 13% of the total offers from a combination of marquee recruiters and a few niche recruiters like American Express, Big Basket, CarDekho, Media.Net, Mercedes Benz, Optum, Titan, Vodafone Idea, Walmart Labs and Wipro.

Prof. Qambar Abidi, Placements Chairperson at IIM Kozhikode said, “I would like to thank our recruiters for their continued confidence in IIMK’s talent pool. I am grateful to the IIMK alumni, who have been a pillar of enduring support to the institute, particularly so in this pandemic affected time.”



About Indian Institute of Management, Kozhikode

Started in 1997 with its Postgraduate Program (PGP), the Indian Institute of Management Kozhikode (IIMK) is on a high growth trajectory today, offering widest range of academic programs in the field of management education. These include Fellow Programme in Management, Executive PG Programmes, Management Development Programmes and Faculty Development Programs. IIMK set up a Satellite campus at Infopark, Kochi, in 2013 dedicated to Executive Education. IIMK has also the unique distinction of launching a PhD (Practice Track) programme for working professionals besides bringing in new dynamic courses like the one-year Post Graduate programme in Business Leadership (2019) MBA in Finance and MBA in Liberal Studies & Management (2020). The institute is also home to IIMK LIVE a first-of-its-kind startup incubation programme and the Indian Business Museum. IIMK is ranked 4th as per NIRF India Rankings 2021: Management. The institute features regularly among top global institutes for its flagship MBA (PGP) and EMBA programme (EPGP) in QS World University Rankings. It is also Ranked No.2 in CFIs (non-Technical) category in the Atal Innovation Rankings (ARIIA 2021) rankings released recently by Ministry of Education, Govt. of India. IIM Kozhikode is globally accredited by EQUIS (EFMD) and AMBA (UK).
 
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