Kozhikode, Nov 7 (UNI) IIM Kozhikode (IIM-K) has successfully closed its summer placements drive for the 24th Batch of its Post Graduate Program (PGP) and the inaugural batches of PGP Liberal Studies and Management, and the largest-ever PGP Finance batch.
A IIM-K release here on Saturday said, the 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.
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 lakh. The average stipend during the internship period for the cohort is INR 1.88 lakh and a median of INR 2 lakh, with the top 50 percent of students securing an average stipend of INR 2.6 lakh.
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% of the batch.
Sales and Marketing contributed 26% of offers on campus and saw participation from firms like Asian Paints, Bajaj Auto, Colgate Palmolive, HUL, ITC, Pidilite, Reckitt Benckiser, Samsung and Vodafone Idea among others.
More than 18% of the student cohorts were offered internships in the consulting domain such as Accenture Strategy, Boston Consulting Group, Deloitte India, Deloitte USI, GEP, PwC and others among its prominent recruiters, the release said.
Announcing the successful wrap of the placement spree, IIM-K Director Prof. Debashis Chatterjee 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.
He said the process was also witness to the largest and the most diverse batch at IIM-K and was completely carried out by a virtual placement drive through robust technology, witnessing an 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 in receiving appreciation for a seamless transition to the new normal by our recruitment partners, Prof Chatterjee added.
UNI KP CS 1302
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