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ShareIndian Institute of Management (IIM) Kozhikode announced successful completion of summer placements for its thirteenth batch (2009-11). Despite anxieties surrounding the increase in batch size to 309 from 260 last year, the educational institute is the first B-school to announce 100% summer placements this year.
Providing a testimony to the improving global sentiments and business environment, the summer placements season witnessed participation by over 120 firms. Global giants such as Arthur D Little, KPMG, Hewitt, JP Morgan Chase, Citigroup, HSBC, Standard Chartered Bank, Deutsche Bank, HUL, Pepsico, Colgate Palmolive reaffirmed their faith in students.
The highest stipend offered this year was over Rs1 lakh inclusive of perks and allowances. "Students got challenging roles and profiles of their liking with the support of our regular recruiters who have reinstated their commitment towards IIM-K. The participation of new recruiters in the emerging fields of media, sports management, hospitality and NGOs is indicative that our students are also willing to explore new avenues and challenge old stereotypes," said Keyoor Purani, chairperson placements, IIM-K.
With the ghosts of the financial meltdown and global recession behind them, banks and other financial services firms were back on the talent hunt lapping up as much as 21% of the batch.
Participation by American Express, TATA AIG, L&T, SEBI, ICRA and Tata Capital ensured that there was no dearth of opportunities for students aspiring to pursue a career in finance. Business conglomerates such as Escorts, Ramky and Shriram EPC etc offered profiles in corporate finance with around 9% of the batch opting for these roles. Thus, around 30% of the batch showed their interest towards finance as a vertical.
In a testimony to the increasing interest shown by students in non-conventional sectors such as sports management, non profit organisations, media and entertainment, students chose firms such as SET, NDTV, Viacom 18, over plum offers in marketing and finance.
