The total participants in summer placements were 193 students, including participants of the Fellow Program in Management (FPM).
IIM-K informed MBAUniverse.com that summer placements saw participation from 66 top recruiters from India and abroad. There were 22 new recruiting partners at IIM-K this year. Some of the new recruiters include Google, Freudenberg, Accenture Business Consulting, Citibank, Bank of America, KPMG, Coca Cola, PepsiCo and Hewitt Associates, amongst others.
According to IIM-K, the average stipend this year increased by 25% as compared to last year. The average stipend this year is pegged at Rs 25,000 per month. Accenture Business Consulting and Boston Analytics offered the highest domestic stipend of Rs 50,000 per month.
The offers saw an even distribution across verticals, with 28% of the batch choosing internships in the finance domain, 22% of the batch selecting marketing profiles and 20% of the batch showing their preference for Systems. Consulting internships were chosen by 16% of the batch, while the other 15% was evenly split across Operations, HR and Others.
IIM-K strengthened its relationship with existing recruiters. Prominent names that participated this year included: YES BANK, Johnson & Johnson, HUL, Yahoo!, Edelweiss, HSBC, JP Morgan Chase, Ocwen, American Express, PricewaterhouseCoopers, Boston Analytics, Marico, CHAINalytics, Standard Chartered Bank, Deloitte Consulting Colgate-Palmolive, ITC, Asian Paints, and Tata Motors, amongst others.
Commenting on the summer placements process at IIM-K, Sr. VP & Regional Head (South) – Corporate and Institutional Banking, YES BANK, Mr. Nakul Beri said, "The response and enthusiasm to YES BANK on campus was terrific, with a professionally organized process. We look forward to a long and mutually beneficial relationship with IIM Kozhikode that spans beyond just placements."
IIM-K informs that technology giants Google and Yahoo! were amongst the most coveted recruiters on campus; both offered roles in Internet Sales & Marketing that were extremely sought after at Summer Placements 2008. Freudenberg was one of the most coveted recruiters on campus too, and recruited students for positions in Germany and Hong Kong. Freudenberg. Freudenberg is a diversified German conglomerate that offers its customers technically challenging products and services in a wide variety of businesses ranging from chemicals to IT services.
A distinct trend at Summer Placements 2008 was the wide variety of roles on offer, says IIM-K. American Express offered risk management profiles in their prestigious WWRIM division. AIG offered roles in asset management with the AMC division. Students were offered roles in Carbon Credit Trading and Environmental Consulting, while TCS offered unique roles in Entrepreneurship Marketing. SET made five offers in the Media Management and Media Marketing roles.
Chairperson-Placements at IIM-K, Prof. Kulbhushan Balooni remarked, "Our placements have consistently bettered the records the institute has set for itself. In spite of IIM-K setting an aggressive pace of growth, placements performance has consistently exceeded all expectations. This augurs well for the next decade of excellence for IIM-K." IIM-K has been adding 25 % more seats in last two years, yet the growth of key placement parameters have kept pace with the increased seats.
