IIM Kozhikode completes summer placements, mean salary rises 12%

IIM Kozhikode saw a 22.4% increase in the number of recruiters this year. Around 131 recruiters made offers to 413 students out of 418 students who sat for the placements process.

Indian Institute of Management, Kozhikode has completed the final placements for its latest batch (2018-20) with an increase of 12% increase in the mean salary. According to the source, the top 50% of students bagged an average cost to the company or total salary package of Rs 26.69 lakh (12.5% increase as compared to the last year’s record). The mean annual salary increased to Rs 23.08 lakh from Rs 20.6 lakh while the median increased to Rs 20.8 lakh from Rs 18.5 lakh.

Compared to last year, the prestigious institute, IIM Kozhikode saw a 22.4% increase in the number of recruiters as well. Around 131 recruiters made offers to 413 students out of 418 students who sat for the placements process. Five students opted out of the placement procedure.
According to IIMK placement chairperson, Shovan Chowdhury, the institute has seen a 200% increase in offers from startups, along with more than 150% increase in opportunities from e-commerce firms. Not just the traditional firms but e-commerce and green energy sectors along with emerging startups, including the ones in education technology have shown interest in the students of IIMK. Work India, Xiaomi, Google, Gramener, Bounce, VMware, Udaan, Uber, Ninjacart, Myntra and GE Healthcare were among the new 48 recruiters who participated in the institute’s placement process this year.

Deutsche Bank, EY, Flipkart, Goldman Sachs, HSBC, HUL, JPMorgan, Bajaj AutoNSE 0.54 %, Citibank, Amazon, Airtel, Accenture Tech Consulting, Bain & Co. are some of the other major recruiters. The placement process of IIMK also witnessed 29% of offers from the consulting cluster, 21% by banking, financial services and insurance (BFSI) and approx.18% by sales and marketing. Almost 17% offers came from general management and operations roles from the industry’s big names like Reliance Industries, RPG Group, TAS, Uber, Capgemini, BlackBuck, Amazon, Bharti Airtel, AB InBev, Cloudtail and BlackBuck. 
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