Salary offers at Indian Institute of Management-Kozhikode rise 16% to Rs 20 lakh

KOLKATA: Indian Institute of Management, Kozhikode, completed final placements with a near-16% jump in both mean and median salary from last year. The mean salary for the 2017-19 batch rose to Rs 20.6 lakh from last year’s Rs 17.8 lakh while the median increased to Rs 18.5 lakh from Rs 16 lakh in the 2016-18 batch.

The top half of students got an average annual cost-to-company (CTC) package of Rs 23.73 lakh, a 13% increase from last year.

The highest domestic salary offer, from Amazon, was Rs 40.5 lakh compared with last year’s Rs 38.5 lakh. Last year, the highest international offer was Rs 52 lakh. The institute said that while it received an international offer this year as well, all students had been placed by the time.

Seven students from the 373-strong batch chose to opt out of placements, with the remaining 366 getting 390 offers from 107 recruiters.

“We have seen a significant surge in the pre-placements offers, as well as a lot of niche roles being offered by consulting and finance clusters,” said IIM Kozhikode placements chairperson Shovan Chowdhury.

Amazon, Boston Consulting Group, Deloitte, EY, Goldman Sachs, Hindustan Unilever (HUL), JPMorgan Chase & Co., Optum and PwC were among the major recruiters.

There were about 20 new recruiters this year, including Bain & Co, Citrix, Exide, Everest Management Consulting, HSBC Securities, IQVIA, OfBusiness and State Street.

Around 30% of the offers were made by the consulting cluster. McKinsey & Co., BCG, Bain & Co., Avalon Consulting, Cognizant Business Consulting, Deloitte, Everest Management Consulting, EY, Feedback Infra and PwC made as many as 117 offers.

Banking, financial services and insurance (BFSI) accounted for 21% of the offers.

These came from American Express, Citibank, Deutsche Bank, Fidelity Investments, Goldman Sachs, HSBC Securities, JPMorgan Chase & Co., among others.

In the sales and marketing space, which made 18% of the offers, recruiters included Asian Paints, Bajaj Auto, Dr Reddy’s Laboratories, GSK, Hindustan Coca Cola Beverages, HUL, ITC, Kohler, Nestle, Samsung, and Shell. The information technology and analytics cluster contributed 17% of the offers from recruiters such as Citibank, Citrix, Cipla, Fidelity, Microsoft, Mondelez, Optum, Shell and Wipro.

Over 14% offers were for general management and operations roles. Capgemini, Flipkart, Mahindra, Reliance, TAS and Tata Sky were among the leading recruiters for general management while Amazon, Asian Paints, Maersk and RPG recruited for operations management.