Diverse Roles, Soaring Salaries Dominate IIM-K Placements 2007

IIM Kozhikode's Class of 2007 concluded its final placements by setting the benchmark for B-school placements this year. In the tenth year since its inception, the Institute has consistently delivered on its mandate by producing managers who will enter the market with strong domain knowledge, and a keen awareness of the socio-economic context that industry operates within.

A total of 431 offers were made by 88 participating companies to 155 students of the Class of 2007. While the average domestic salary jumped 30.38% to reach Rs. 11.76 Lakhs per annum, up from Rs. 9.02 Lakhs last year, the median salary pegged at Rs. 10.93 Lakhs, indicated that remuneration packages this year were closely clustered around the mean. Roles across a variety of geographies were on offer as 21 students bagged international offers based out of the US, Europe, Middle East and countries in the Asia-Pacific Region. Some of the recruiters that recruited for international roles this year included Olam International, Infosys Technologies, Wipro Technologies, Patni Computers, Cognizant and RPG Group.

The highest domestic pay took a jump of 32% over last year's figure of Rs. 16.67 Lakhs. International salaries average was pegged at USD 85,000. 75% of the batch landed salaries more than Rs. 10 Lakhs, while no less than 33 students secured offers in excess of Rs. 15 Lakhs. That said, however, there was a distinct shift in preference towards more challenging roles as close to 20% of the batch gave up a better paying job for a role of their choice. One of the students decided to go solo, entering into an entrepreneurial venture of marketing and distribution of high-technology products.

34 new companies were added to its impressive list of recruiters ensuring that the Class of 2007 signed out with offers of their choice. New recruiters added to IIMK's increasingly impressive roster included McKinsey & Co, KPMG, Accenture Business Consulting, Bank of America, JP Morgan Chase, Barclays Capital, HSBC, Goldman Sachs, Yes Bank, Stern Stewart & Co, Google, Yahoo!, Colgate-Palmolive and Cadbury amongst others. Meanwhile, IIMK strengthened its relationship with existing recruiters from diverse businesses at Final Placements 2007. Some of the premier companies that participated this year included Citigroup, Lehman Brothers, Standard Chartered Bank, PricewaterhouseCoopers, Deloitte, Olam International, Infosys Technologies, Cognizant, Bristlecone Consulting, CHAINalytics, Asian Paints, Marico and ITC.

McKinsey & Co initiated its relationship with IIMK this year. Dr. Jaidev Rajpal's breadth of experience as a medical professional and civil servant secured him a higher designation than that offered by McKinsey & Co at other campuses. A definitive shift towards careers in Consulting was evident as well, with over 25% of the batch opting for jobs in that area. Financial software services heavyweight Bloomberg, New York participated in the recruitment process at IIMK for the first time this year, as one-third of the batch chose careers in the financial and banking sectors, signifying IIMK's emergence as a chosen destination for top talent in the domain.

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