Seems like women really impress as managers. The companies that attended the final and lateral placements process for the 15th batch of PG programme offered by the Indian Institute of Management Kozhikode (IIMK) took in more women students at a higher average annual salary slot than the male students.
The pay packet given to the women is Rs.13.17 lakh per annum (lpa) while that of the men is Rs.11.82 lakh, a release from the institute says.
The IIMK also has more female students than male, its ratio of female to male students being 16:9, which is much higher than other IIMs in the country.
According to the IIMK placement cell, the placement status of the institute for the year is cent per cent. The highest domestic salary offered was Rs.32 lakh per annum, and the highest international salary touched Rs.33 lakh per annum.
A total 325 students participated in the placement process, which saw 146 companies on the campus for the talent hunt. The number of international offers this year stood at 22 with roles in the healthcare, FMCG, information security and commodities sector offered across locations such as the Middle East, Africa and Asia Pacific. “This is a significant increase over the previous years,” Kulbhushan Balooni, chairperson placement, says.
According to him, despite Finance, Sales and Marketing continuing to be the forte of students from the institute, the placements this year saw several key roles being offered to students in other verticals as well.
Top names in the industry such as HUL, ITC, Nestle, Asian Paints, Britannia and Pidilite offered sales and marketing roles. But major investment players like Deutsche Bank, Goldman Sachs, Citi Bank, HSBC, DE Shaw, Fidelity Investments, ICICI, Axis Bank, and SBI Caps, proposed roles in Corporate Finance, Treasury, Risk Management and Investment Banking for the freshers.
Students looking at general management roles had a good run this year with Cipla and Bosch choosing several of them for their leadership roles. This is apart from the regulars like TAS, Reliance Industries, L&T, and Mahindra & Mahindra, who offered coveted leadership positions in their organisations.
In the consulting sector, top recruiters include McKinsey, Deloitte, KPMG, Cognizant Business Consulting, IBM Consulting and Wipro Consulting Services. IT consulting stayed put as one of the regulars this year as well, even when niche consulting sectors saw an increase in their presence on campus.
This year’s placements season also saw active participation from several of the Mid-cap and Small-cap companies, with students taking greater interest in exploring opportunities with such organisations offering challenging roles, says Prof. Balooni.
“We pride ourselves in producing students with a perfect amalgamation of skills required for both global and local business leadership requirements. This is evident from the continued trust our recruiters have placed in us as a preferred destination for talent sourcing,” says Prof. Debashis Chatterjee, director of the institute.