IIM-K Student Bags Rs 43-lakh Global Offer
Sreeradha Basu
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Mumbai:
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Top local offer at . 29.5 lakh; offers ` per recruiter up 13%
`Offer in hand; out of the process' has been the norm at the IIM Kozhikode placements so far. This year, in anticipation of a flurry of offers, the business school rolled out the dream offer provision where, even with one job offer in hand, students could try a second time for the `dream company' of their choice.The institute has just wrapped up its final placements with a top international offer . 43 lakh made by a conglomof ` erate -a 30% increase over last year -and a top domestic offer of `. 29.5 lakh by an ecommerce firm.
The average package at the institute is ` . 14.92 lakh, as compared to ` . 13.7 lakh last year.The top 50 students in the 347strong batch have bagged an average salary of ` . 21.89 lakh, while for the top 100, the corresponding figure is ` . 19.7 lakh.
There has been a 13% increase in the number of offers per recruiter.
While the idea of the dream offer came about last year, it was only implemented this time around, AF Mathew, chairperson -placements at IIM-K told ET.
As per this provision, students are allowed to choose a dream company before the start of the placements. Those who have received pre-placement offers (PPOs) are not eligible for the dream offer provision -the aim being to introduce it in a staggered manner -but these students, along with the rest of the batch, are eligible for `open' companies that are designat ed so by the faculty placements committee.
This year, two companies have been classified as open companies at IIM Kozhikode: McKinsey and Catamaran Ventures -the venture fund backed by NR Narayana Murthy. The results for both the companies are awaited.
A total of 97 recruiters participated in the final placements, with 34 being firsttime recruiters. Over 15 international offers were made from companies including Tolaram Group and Paramount Systems, with roles being based out of Africa and the Middle East.
The number of PPOs, at 72, saw a marked rise of 38% over last year. The major recruiters this season were Goldman Sachs, IBM Consulting, KPMG, Samsung, Snapdeal and Vodafone, who made a total of 73 offers.
New recruiters included Axis Bank, Bluestone, Britannia, Cinepolis, Future Group, HP, Heinz, Hexaware, Idea, Infosys Management Consulting, InMobi, Lenovo, Snapdeal, Tata Communications, The Royal Bank of Scotland and ZS Associates, among others.
Finance firms made offers to 19% of the batch while sales and marketing domain absorbed another 23%. Another 23% were made offers in the consulting space, while roles in general management went to 15% of the batch.
The average package at the institute is ` . 14.92 lakh, as compared to ` . 13.7 lakh last year.The top 50 students in the 347strong batch have bagged an average salary of ` . 21.89 lakh, while for the top 100, the corresponding figure is ` . 19.7 lakh.
There has been a 13% increase in the number of offers per recruiter.
While the idea of the dream offer came about last year, it was only implemented this time around, AF Mathew, chairperson -placements at IIM-K told ET.
As per this provision, students are allowed to choose a dream company before the start of the placements. Those who have received pre-placement offers (PPOs) are not eligible for the dream offer provision -the aim being to introduce it in a staggered manner -but these students, along with the rest of the batch, are eligible for `open' companies that are designat ed so by the faculty placements committee.
This year, two companies have been classified as open companies at IIM Kozhikode: McKinsey and Catamaran Ventures -the venture fund backed by NR Narayana Murthy. The results for both the companies are awaited.
A total of 97 recruiters participated in the final placements, with 34 being firsttime recruiters. Over 15 international offers were made from companies including Tolaram Group and Paramount Systems, with roles being based out of Africa and the Middle East.
The number of PPOs, at 72, saw a marked rise of 38% over last year. The major recruiters this season were Goldman Sachs, IBM Consulting, KPMG, Samsung, Snapdeal and Vodafone, who made a total of 73 offers.
New recruiters included Axis Bank, Bluestone, Britannia, Cinepolis, Future Group, HP, Heinz, Hexaware, Idea, Infosys Management Consulting, InMobi, Lenovo, Snapdeal, Tata Communications, The Royal Bank of Scotland and ZS Associates, among others.
Finance firms made offers to 19% of the batch while sales and marketing domain absorbed another 23%. Another 23% were made offers in the consulting space, while roles in general management went to 15% of the batch.
