more-in IIM-Kozhikode (IIM-K) completed the summer placement of its 22nd batch of the postgraduate programme (PGP), the largest batch in the history of the institute comprising 423 students, in a record 3.5 days. The placements witnessed a 21% increase in average stipend and 43% rise in median stipend. As many as 105 companies participated in the exercise this year, with over 27 new recruiters making offers to 421 students as two students opted out of placements. The season not only witnessed an upward swing in the average stipend but also saw a lot of niche roles being offered to students. The new recruiters included ABInBev, AstraZeneca, Dr. Reddy’s Laboratories, Edelweiss GWAM, Flipkart, Siemens, and Uber, a release said. The median stipend stood at ?2 lakh for the period of internship, a massive increase of 43%. Twenty-seven students got the highest stipend of ?3 lakh, three times the figure last year. The top 100 students bagged an average stipend of ?2.56 lakh, a 14% increase from last year. Accenture Strategy, Amazon, Deloitte USI, Goldman Sachs, Pidilite, Uber, and Wipro were some of the top recruiters who extended 81 offers to approximately 20% of the batch. IIM-K Director Debashis Chatterjee said the summer placements this year had achieved unparalleled success. “Considering the volatility of the economy, recruiters are bound to be hesitant, but the merit of our students attracted new list companies,” he added. Shovan Chowdhury, chairperson of placements at IIM-K, said the most remarkable achievement this year was that the median stipend was far ahead of the mean. It means more than 50% of students will earn more than the mean stipend, and better stipend comes with better roles. The team has been able to raise the bar by not only inviting many new recruiters or existing recruiters with new roles but also by completing the placement process fast. The institute repeated history by its highest intake in sales and marketing, with around 40% of the batch being placed in companies like ABInBev, Asian Paints, Colgate-Palmolive, HUL, ITC, Kohler, Marico, Mondelez, Nestle, PepsiCo, Samsung, and Reckitt Benckiser. The surge in the number of consulting companies recruiting on campus translated to over 13% of the batch getting offers from Avalon Consulting, Accenture Strategy, Boston Consulting Group, Deloitte USI, Ernst & Young, and PwC. Diverse roles were offered by financial services companies in corporate finance, investment banking, private wealth, risk advisory services, global investment research, and corporate treasury to around 16% of the batch. Recruiters like American Express, Axis Bank, Citi Bank, Edelweiss, Goldman Sachs, JP Morgan, and Piramal Finance extended offers to 16% of the batch.

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