IIM Kozhikode concludes Final Placements 2012: Average CTC rise 30% amid economic slowdown
| March 20,2012 10:18 am IST
This year saw most of the regular recruiters and a good number of new recruiters visiting IIM Kozhikode campus. For a batch size of 317 students, 135 companies participated in the process with offers across the sectors of Finance, Marketing, Operations, Consulting, General Management, IT and HR.
Amid the fears of recessionary pressures, IIM Kozhikode strived to carve out a niche for itself as Indias leading B-School by placing its 14th batch in several reputed companies like Deutsche Bank, Nomura, Goldman Sachs, ICICI, Deloitte Consulting, HUL, ITC, Cognizant, Wipro Consulting and Amazon.
This year saw a good number of new companies hiring from IIMK thus resulting in increased number of first time recruiters. Many medium sized companies such as MAQ software, V2 Solutions, Neudesic, Mind Matters, Customer 24*7 Labs participated in the placement process for the first time and offered senior managerial positions to students with relevant work-experience. The highest salary offered on campus was by a European based Investment bank and the average salary per student saw a marginal rise of 7% over last year.
IIM Kozhikode successfully completed placements despite a paralyzed economy, increased batch size and global slowdown in new investments.
We had many students who decided to join start-ups like Sports Cradle, Global Environment Concern, Neudesic and Heckyl to explore greener pastures and test their entrepreneurial abilities. Students are not scared to experiment anymore and have shown preference in going for better roles than bigger brands.
THE PPO ADVANTAGE
The silver lining of this years placement was the significant increase in the number of PPOs offered to students. From 18 PPOs last year, the number increased to 51 PPOs offered to students across verticals.
For the first time, IIMK also tapped into the growing SMEs which are looking at expanding their business into new markets. Firms like AVT Consumer products, Kalkitech, Arbitron and Suntec recruited students for their Marketing and Corporate Strategy verticals. International offers were given by a few firms in the marketing and operations verticals.
NEW RECRUITERS & PUBLIC SECTOR
This year IIM Kozhikode saw several first time recruiters who visited the institute. Global Environment Consulting (GEC), Innovation Labs-Customer 24*7, Xchanging, V2 Solutions Pvt. Ltd., String Infotech, Urjja Jobs, Head Hunters, Arbitron etc participated in the placement process. PSUs made their presence felt on campus through the regulator RBI and financial behemoth UTI. Oil and power sector PSUs also visited recruiting some of the best talent from IIMK. Among them were ONGC, PFC, Power Grid and Bank of India. PSUs were the preferred jobs for groups of students who wanted to try out a government job.
OFFERS PER COMPANY
This year due to the slowdown, companies hired cautiously and reduced the number of hires compared to last year. The average number of offers per company stood at 2.35 this year. Even with gloomy markets, IIM Kozhikode was able to increase the average salary across sectors.
ENTREPRENEURSHIP: THE NEW DESTINATIONATION FOR MANAGEMENT GRADS
THE ALUMNI NETWORK
The Alumni played an integral role in this years placements by ensuring participation of some of the best companies in the industry in the placement process. They also made it a point to themselves travel with the company on many occasions and play an active role in on-campus recruitment.
While the general management and operations sector saw a huge jump of more than 30% rise in average CTC, consulting and finance saw double digit growth in the average CTC. This was the result of a conscious effort to bring in roles and salaries that are mutually beneficial to companies and students.
In spite the fact that Finance sector was most hit due to recession, we were able to add new companies to our portfolio. Along with our regular recruiters Deutsche Bank, Goldman Sachs, Nomura, Citi bank; multinational financial institutions such as Societe Generale started recruiting from IIMK this year. As usual, investment banks offered highest salaries to the financial whiz kids of the institute.
The Indian banks were equally aggressive with hiring the best talent from IIMK with several financial institutions like RBI, ICICI Bank, Yes Bank, Indus Valley Partners, SBI Caps, SBI General Life Insurance, Futures First, ICRA etc making a beeline for the finance students. The roles offered ranged across Corporate Finance, Treasury, Risk Management and Investment Banking.
MARKETING AND OPERATIONS
IIMK once again established itself as the favourite destination of both FMCG and B2B marketing firms. While HUL, ITC, Pepsi and HCCB led the FMCG offers, 3M, Asian Paints, Airtel, Idea led the B2B and service marketing verticals. Indian marketing giant Amul visited campus for the first time offering marketing roles to few lucky students.
In the broader marketing domain, there were firms like Pfizer, Videocon, Meritor, GSK Pharma, Dell, FEI Cargo, the list is endless. Ingersoll Rand recruited from IIM-K for the first time and took 4 students.
This year e-commerce came up in a big way as a significant vertical showing the growth of online retail in India.
GENERAL MANAGEMENT & CONSULTING
TAS recruited for the first time and took 6 students, the highest across any IIM. Besides TAS, we had Reliance Industries Ltd., Reliance ADAG, L&T, Mahindra & Mahindra, Olam International, Thomas Cook and Manipal Group offered roles in General Management.
On the consulting side, McKinsey, Gallup Consulting, Deloitte, CBC, WCS, HSBC Consulting etc participated in the placements process and recruited students.
The year saw a lot of senior profiles being offered by the medium range and growing companies which visited campus.
Roles of Chief Strategy Officer, Executive Assistant to the CEO and similar leadership level roles were offered to students by companies who wanted them to drive their next level of growth for them.
Amazon, ebay, Flipkart, Yebhi.com, Zynga were some of the leading e-commerce giants that recruited from IIM Kozhikode for the first time bringing in a new hope and optimism in an otherwise slow economy.
Along with IT services firm, product companies such as Facebook, Yahoo, Microsoft etc showed interest in IIMK students. IT companies recruited in numbers with Capgemini, HCL, HP, TCS, Wipro, IBM, Mindtree and Aricent leading the pack.