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IIM Kozhikode Witnesses Landmark Placements IIM Kozhikode's Class of 2006 signed off in spectacular style with the grand success of this year's placement process. The strong economy and a positive outlook for growth set the scene for a superb recruitment season as 41 new companies joined IIMK's already impressive recruiter list. 97 companies confirmed their participation in the entire placement process, however, only 47 companies received final offer acceptances from the students. 100% placement for the Class of 2006 was never a concern, but the sheer number of offers that flooded the placement season had the students floored as companies made 423 offers to the 133 students. The average number of offers shot up to 3.18 per student, a record unheard of across all B-school campuses. "When I joined IIMK, I dreamt of landing the job of my choice. I never could have dreamt just how much choice I would eventually end up with," said an evidently overjoyed Raul Sinha who bagged the highest number of offers this year and will eventually join Lehman Brothers, India. Roles in Strategy Consulting, Corporate Finance, Private Equity, Investment and Merchant banking, Equity Research, FMCG Sales and Marketing and Analytics found particular favor with the students. More than one-third of the batch (48 in a batch of 133) received pre-placement offers / interviews (PPO / PPI) - double the number received last year, in a glowing testament to the strong recruiter perception IIM Kozhikode enjoys as it enters ten years of glorious existence. PPOs were offered by companies like ITC, Asian Paints, Ernst & Young, Godrej, Wipro, and Patni. With 34 offers of more than Rs 10 lakhs per annum, the average salary went up dramatically by 24%, from Rs. 7.3 Lakhs per annum last year to Rs. 9.02 Lakhs per annum this year. The median salary stood at Rs. 8.75 Lakhs per annum. The highest international offer stood at USD 70,000 given by US Technology (As on 28th Feb, 2006. It is likely to be revised upwards when the processes of other foreign recruiters - including Singapore Airlines and Petrofac - conclude in March).
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