IIM-K completes summer placement of its largest batch
| Tuesday | 16th October, 2018
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.
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.
The median stipend stood at ?2 lakh for the period of internship, a massive increase of 43%.
Recruiters like American Express, Axis Bank, Citi Bank, Edelweiss, Goldman Sachs, JP Morgan, and Piramal Finance extended offers to 16% of the batch.