IIM Kozhikode completes 100% Final Placements 2023 for PGP, PGP-Finance and PGP-Liberal Studies; Avg Salary up at Rs 31.02 LPA

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MBAUniverse.com News Desk |
March 3, 2023
Indian Institute of Management Kozhikode (IIMK) has completed 100% placements 2023 for its flagship PGP, PGP-Finance and PGP-Liberal Studies and Management. Average salary in IIMK placements 2023 is Rs 31.02 LPA, while the median is at 27 LPA. In total, 559 offers were made by 123 recruiters. Consulting sector companies made maximum number of offers this year at IIMK. Many new recruiters like Aditya Birla Group, MakeMyTrip and Mercedes Benz hired for the first time
IIM Kozhikode Placement 2023

Indian Institute of Management Kozhikode (IIMK) has completed 100% placements 2023 for its three programmes - PGP programme, PGP-Finance and PGP-Liberal Studies and Management. IIM Kozhikode Average Package 2023 for placements 2023 was Rs 31.02 LPA, while the median package is at Rs.27 LPA. In total, 559 offers were made by 123 recruiters. IIM Kozhikode Recruiting Companies in Consulting sector made maximum number of offers this year at IIMK. Giving their vote of confidence, many new recruiters like Aditya Birla Group, MakeMyTrip and Mercedes Benz hired for the first time at IIMK.

Confirming the successful completion of IIM Kozhikode Placements 2023, Prof. Debashis Chatterjee, Director IIMK said, “The strong performance reflects the trust recruiters have built with the institute over the years and the appreciation for the diverse talent pool across the Institute’s portfolio of PGP programmes.”  

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IIM Kozhikode Placements 2023: Key Highlights

  • 100% Placements Completed for the large batch
  • IIM Kozhikode Average Package 2023 is up at Rs. 31.02 LPA from Rs.29.5 LPA last year
  • Median salary is up at Rs.27 LPA from Rs.26.50 LPA last year
  • Highest Salary in IIMK Placement 2023 is Rs.67.02 LPA offered by a company from the IT sector. 
  • 559 offers were rolled out by 123 companies
  • 36 new recruiters like Aditya Birla Group, MakeMyTrip and Mercedes Benz hired for the first time
  • Consulting recorded 33% offers and emerged as the largest recruiting sector
  • Top Recruiters included Accenture, Bain & Company, Boston Consulting Group, Deloitte, Everest Group, Experian, EY, KPMG, PwC, RedSeer, Synergy Consulting

IIM Kozhikode Placement Trends
Over the year, IIMK has successfully improve placements outcomes for its students. The average salary has climbed from less than Rs 20 LPA in 2018 to more than Rs 30 LPA in 2023. Average salary trends for last 5 years are below:

Placement Year
Average Salary (Rs.in Lakhs)
Placement 2023
31.02
Placement 2022
29.50
Placement 2021
22.53
Placement 2020
23.08
Placement 2019
20.6
Placement 2018
17.8

Source: MBAUniverse.com  

Top Performers fetch high salaries
As per the IIM Kozhikode Placements Report 2023, the mean salary for IIMK’s Placements 2023 stood at 31.02 LPA. The average for the top 5 percentile of the offers is 62.04 LPA, an increase of 8% over last year and the average for the top 10 percentile stands at 55.2 LPA, an increase of over 4% over last year. The highest salary package on campus is Rs 67.02 LPA by a company from the IT sector. 

IIM Kozhikode Sector-wise Placements 2023
Consulting sector emerged as the top recruiting sector. IIM Kozhikode sector wise placements 2023 are shared below:

Consulting companies made 33% offers
Consulting sector is perhaps the most coveted sector for MBA graduates. Around 33% of total offers at IIMK this year were rolled out by the consulting cluster. Accenture, Bain & Company, Boston Consulting Group, Deloitte, Everest Group, Experian, EY, KPMG, PwC, RedSeer and Synergy Consulting were some of the long-term collaborative recruiters in this domain that participated this year too.

BFSI sector hires more IIMK graduates
The BFSI cluster witnessed an impressive growth in opportunities offered at IIM Kozhikode. This year, 26% of the offers were made in the financial sector, which is a 73% increase from last year. Ambit Capital, Axis Bank, Bank of America, DE Shaw, Deutsche Bank, Equitas, JPMorgan Chase & Co, Nomura, NovaOne Capital, Standard Chartered, Yes Bank were some of the reputed financial institutions that hired IIMK graduates this year. Marquee recruiters like Equiris, Goldman Sachs, and Piramal Alternatives have offered Investment Banking and Private Equity roles.

Top FMCG companies offer Sales & Marketing roles
Sales & Marketing domain witnessed an enthusiastic participation from major recruiters such as Asian Paints, DRL, Johnson & Johnson, HUL, ITC, L’Oreal, Marico, PepsiCo, Pidilite, Reckitt, Samsung, and Tech Mahindra.

Other prominent clusters that hired substantial number of IIMK graduates include Information Technology & Analytics cluster, which contributed to 59 total offers.  EXL Analytics, Jio Platforms, Mercedes Benz, Microsoft, Optum, Walmart and ZEE Entertainment hired for these roles.

Amazon, Flipkart hire for General Management & Operations Roles  
The holistic pedagogy at IIM Kozhikode continues to be supported by organizations with 115 offers made for General Management and Operations roles. Some of the major recruiters in these domains are Amazon, Capgemini, Flipkart, Rebel Foods, Reliance Group, Renew Power and RPG Group. IIM Kozhikode also witnessed first time recruitment in these domains by Aditya Birla Group, BLS International and GMM Pfaudler.

Start-ups & Political Consultancies hire IIMK grads 
In addition to the conglomerates and MNCs, startups like Aspect Ratio, Enkash and HONO have also recruited from the IIMK campus. This year also saw recruitment from political consultancies like I-PAC and Nation with Namo. 

New Recruiters at Placements 2023
Giving their vote of confidence to the pedagogical initiatives taken to enrich curriculum and faculty at IIMK, many new recruiters hired for the first time at IIMK. These include leading companies like Aditya Birla Group, Ambit Capital, BLS International, HPCL, Magic Bricks, MakeMyTrip, Mercedes Benz, Piramal Alternatives, and ZEE Entertainment.

Summing up the placements results, Prof. Qambar Abidi, Placements Chairperson, IIM Kozhikode, said, “The success of the placements season is a testimony to the recruiters continued confidence in IIMK’s talent pool. The strong connect with the IIMK alumni has been a pillar of enduring support to the institute.”

Major recruiters for IIM Kozhikode Placements 2023
ABInBev, Accenture, Aditya Birla Group, Amazon, Ambit Capital, American Express, Asian Paints, Axis Bank, Bain & Company, Bajaj Finserv, Bank of America, BLS International, Boston Consulting Group, BP Castrol, Capgemini, CK Birla Group, D.E. Shaw, Deloitte, Deutsche Bank, Equirus, Ernst & Young, Everest Group, EXL Analytics, Flipkart, GE Healthcare, GEP, Goldman Sachs, Google, HDFC Bank, HPCL, HUL, I-PAC, IIFL, Infosys, ITC, Jio Platforms, Johnson & Johnson, JPMorgan Chase & Co, KPMG, L’Oreal,    Magic Bricks, Mahindra GMC, MakeMyTrip, Marico, Mercedes Benz, Microsoft, MXV Consulting, Nation with Namo, Nomura, NovaaOne Capital, Optum, PepsiCo, Pidilite, Piramal Alternatives, Procter & Gamble, PwC, Rebel Foods, Reckitt, RedSeer Consulting, Reliance, Renew Power, RPG, Samsung, Shell, Standard Chartered, Synergy Consulting, TAS, TATA Group, Tech Mahindra, Uber, Walmart, Wipro, ZEE Entertainment were amongst the major recruiters.

IIMK is regarded as one of the fastest growing IIMs, 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 is ranked 4th as per NIRF India Rankings 2021: Management. It is also Ranked No.2 in CFIs (non-Technical) category in the Atal Innovation Rankings (ARIIA 2021) rankings by Ministry of Education, Govt. of India. IIM Kozhikode is globally accredited by EQUIS (EFMD) and AMBA (UK).

Stay tuned to MBAUniverse.com for more updates on IIM Kozhikode

Read Also: IIM Kozhikode Admission: Eligibility, Criteria, Process, Cut-off, Fees