Summer Placements 2008 saw participation from 66 top recruiters from India and abroad. IIMK’s continuous emphasis on forging new relationships meant that 22 new recruiting partners participated in placements at IIMK for the first time. Some of the new names added to IIMK’s increasingly impressive roster included: Google, Freudenberg, Accenture Business Consulting, Citibank, Bank of America, KPMG, Coca Cola, PepsiCo and Hewitt Associates, amongst others.
Freudenberg, the diversified German conglomerate that offers its customers technically challenging products and services in a wide variety of businesses ranging from chemicals to IT services, across the world, initiated a relationship with IIMK this year. Freudenberg was one of the most coveted recruiters on campus, and recruited students for positions in Germany and Hong Kong. Freudenberg, as an exclusive recruiter, recruits only from very select business school campuses in India, and its participation at Summer Placements 2008 speaks volumes about IIMK’s perception as the preferred destination for top-drawer managerial talent.
IIMK strengthened its relationship with existing recruiters, even as they demonstrated consistently increasing faith in the quality of talent available at IIMK. Prominent names that participated at Summer Placements 2008 included: YES BANK, Johnson & Johnson, HUL, Yahoo!, Edelweiss, HSBC, JP Morgan Chase, Ocwen, American Express, PricewaterhouseCoopers, Boston Analytics, Marico, CHAINalytics, Standard Chartered Bank, Deloitte Consulting Colgate-Palmolive, ITC, Asian Paints, and Tata Motors, amongst others.
The average stipend on campus zoomed 25pc as compared to last year, to be pegged at Rs 25,000 per month. Accenture Business Consulting and Boston Analytics offered the highest domestic stipend at Summer Placements 2008 – Rs 50,000 per month. The offers saw an even distribution across verticals, with 28pc of the batch choosing internships in the finance domain, 22pc of the batch selecting marketing profiles and 20pc of the batch showing their preference for Systems. Consulting internships were chosen by 16pc of the batch, while the other 15pc was evenly split across Operations, HR and Others.
Accenture Business Consulting extended its relationship with IIMK to summer placements this year, after making the highest number of offers across top campuses at IIMK during Final Placements 2007. Technology giants Google and Yahoo! were amongst the most coveted recruiters on campus; both offered roles in Internet Sales & Marketing that were extremely sought after at Summer Placements 2008.
PepsiCo, AIG, RPG Enterprises, IBM Business Consulting, YES BANK and Reliance Industries Ltd were amongst the many recruiters who made the highest number of offers across business schools at IIMK this year, during Summer Placements 2008. Impressed by the quality of talent, PricewaterhouseCoopers offered roles with the Performance Improvement division for the first time at IIMK. Deloitte Strategy & Operations and Deloitte Financial Advisory Services continued to strengthen their relationship with IIMK; IIMK being the only campus where both Deloitte S&O; and Deloitte FAS participate in placements processes.
A distinct trend at Summer Placements 2008 was the wide variety of exclusive roles on offer, even from traditional recruiters. American Express offered risk management profiles in their prestigious WWRIM division. AIG, impressed with the students’ knowledge in the financial domain offered roles in asset management, with the AMC division.
In a statement reflective of IIMK’s rapidly growing stature amongst premier recruiters, Senior Vice President & Regional Head (South) – Corporate and Institutional Banking, YES BANK, Mr. Nakul Beri said, “The response and enthusiasm to YES BANK on campus was terrific, with a professionally organized process. We look forward to a long and mutually beneficial relationship with IIM Kozhikode that spans beyond just placements.”
Students chose to intern with organizations offering some of the most exotic and unique profiles across top business school campuses, thus underlining the diversity that sets IIMK apart. Students were offered roles in Carbon Credit Trading and Environmental Consulting, while TCS offered unique roles in Entrepreneurship Marketing. SET made five offers in the Media Management and Media Marketing roles.
As an institute, IIMK has been growing at a rapid pace. The last two years have seen the student intake increase by no less than 25pc. That said, the growth of key placement parameters more than kept pace with the pace of growth of the institute.
Chairperson-Placements, Prof Kulbhushan Balooni remarked “IIMK’s placements have consistently bettered the records the institute has set for itself. In spite of IIMK setting an aggressive pace of growth, placements performance has consistently exceeded all expectations. This augurs well for the next decade of excellence for IIMK.”