Around 130 firms took part in the two-month summer placement process for the Indian Institute of Management, Kozhikode's (IIM-K) 14th batch of postgraduate programme (2010-12 batch). Participation of companies in such large numbers reaffirmed the buoyancy in the industry, a spokesman for the B-school said on Monday.
Major business houses such as HUL, P&G, Deutsche Bank, Citi, HSBC, ITC, Deloitte, PwC, Arthur D. Little, JPMorgan Chase, Colgate-Palmolive, Johnson & Johnson, PepsiCo and Standard Chartered Bank were among the firms that gave summer placements to IIM-K students. The highest stipend offered this year was Rs.1.5 lakh. The average stipend saw an increase of over 80 per cent from the previous year.
“The increased participation of new recruiters is a testimony to IIM-K's growing reputation,” said G. Sridhar, Chairperson, Placements, IIM-K. Around 25 per cent of the offers were in the field of sales and marketing. HUL, ITC, Marico, Colgate-Palmolive, PepsiCo, Asian Paints, Johnson & Johnson, Hindustan Coca Cola Beverages, Madura Garments, Kellogg's, Heinz, Voltas, Tata Steel, Perfetti van Melle, Titan, and Avon among others were part of the summer intern hiring process.
Companies from the telecommunication industry like Bharti Airtel and Idea also recruited from the campus. Banks and other financial services firms extended offers to 22 per cent of the batch. Participation by the likes of Deutsche Bank, JPMorgan Chase, HSBC, Citi, Standard Chartered Bank, American Express, Elara Capital, ICICI Bank, Axis Bank, Singhi Advisors, UTI Mutual Funds, Birla Sun Life, and Pears Capital opened up opportunities in the finance sector. Roles in corporate finance and strategy were offered by business conglomerates like L&T and Escorts Group.
Firms that offered roles in the strategy and consulting vertical included Arthur D. Little, Deloitte, PwC, Boston Analytics, Evolution Partners, Aqua MCG, Wipro, Capgemini, Knowledgefaber, Emergent Ventures, Asclepius Consulting, Littler Associates and Mindtree Consulting.
Roles in operations and general management were offered by companies like Reliance Industries Ltd, Reliance Power (ADAG), Mahindra, Jindal Power and Steel, Apollo Hospitals, Ashok Leyland, L&T and Bertling Logistics.
Prime recruiters among IT companies were Cognizant, TCS, Hewlett Packard, HCL, Patni, Aricent, Genpact and Tata Elxsi which dished out roles ranging from IT consulting to sales and project management.
There was also evidence of increasing interest shown by students in non-conventional sectors such as media and entertainment, sports management, start-ups, and health and wellness.