IIM Kozhikode Witnesses Best Ever Placements with Average Salary Peaking to Rs. 14.83 Lakh

IIM Kozhikode, the country's fastest-growing premier business school, witnessed its best ever placements season, with the Class of 2008 scripting an unprecedented success story at Final Placements 2008.

"Building on the spectacular success of the Lateral Placements Program, the most powerful theme at Final Placements 2008 was recruiter satisfaction with the quality of talent at IIM-K, a phenomenon which led more firms to make more offers across diverse profiles," says Dr. Kulbhushan Balooni, the Chairperson - Placements at IIM-K. Several recruiters made their largest number of offers at IIM-K. The numbers that the campus placement season recorded tell their story more compellingly than anything else.

Placements culminated with the Class of 2008 achieving an average salary of Rs. 14.83 Lakh per annum, a rise of 26% over last year's figure. The highest final placements domestic salary shot up by 28% to Rs. 29 Lakh per annum. The highest international salary, meanwhile, recorded a phenomenal 60% jump, capping at USD 175,000 per annum by an Oil & Gas conglomerate. 105 premier recruiters from around the globe participated at Final Placements 2008, with 45 firms initiating a recruiting relationship with IIM-K this year. 178 students participating at Final Placements 2008 were successful in bagging no less than 402 job-offers during placements season, shattering all past records.

As a testament to IIM-K's increasing global foot-print, a total of 23 international offers were made on campus, with plum roles based out of the US, Europe, Middle East, Latin America and South-East Asia.

While there is no doubt that the numbers are impressive by all standards, the success of Final Placements 2008 lay in the underlying substance that added a far richer and far more satisfying hue to the sense of achievement at the end of placements season. Keeping in mind long term career growth prospects, close to 20% of the batch elected to accept slightly lesser paying roles out of the multiple offers available to them, choosing role over pay. 90% of the batch signed out with offers well in excess of Rs. 10 Lakh and above.

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