Indian Institute of Management, Kozhikode announced the successful completion of the summer placements process for its fourteenth batch of PGP participants (2010-12). The selection process saw participation from over 130 firms. Participation of companies in such large numbers reaffirmed the buoyancy in the industry and reflected strong market sentiments in terms of quality talent acquisition. With an increase in batch strength, IIM Kozhikode has made a concerted effort to move towards more well rounded profiles. The diversity in the batch was well appreciated by recruiters who seemed quite satisfied to find more varied profiles in terms of academic and professional backgrounds to choose from.
Behemoths on the global scene such as HUL, P&G, Deutsche Bank, Citi, HSBC, ITC, Deloitte, PwC, Arthur D. Little, JPMorgan Chase, Colgate-Palmolive, Johnson & Johnson, PepsiCo and Standard Chartered Bank again considered IIMK as a preferred destination for quality talent. The highest stipend offered this year was over ì 1.5 Lakh and the average stipend saw an increase of over 80% from the previous year. “It is really great to know that our regular recruiters have further fostered their relationship with IIM Kozhikode. This is indeed a good sign for the institute and for students who hope to secure challenging roles and profiles of their liking for internships. Also the increased participation of new recruiters is a testimony to IIM Kozhikode’s growing reputation in the industry” said Dr. G Sridhar, Chairperson Placements, IIM Kozhikode.
Figure 1: Vertical wise Break-up
Sales and Marketing emerged as the most preferred sector with 25% of the total offers made in this vertical. HUL, ITC, Marico, Colgate-Palmolive, PepsiCo, Asian Paints, Johnson & Johnson, Hindustan Coca Cola Beverages, Madura Garments, Kellogg’s, Heinz, Voltas, Tata Steel, Perfetti van Melle, Titan, and Avon among others were part of the summer intern hiring process.
Banks and other financial services firms continued their revival and extended offers to as much as 22% of the batch. Participation by the likes of Deutsche Bank, JPMorgan Chase, HSBC, Citi, Standard Chartered Bank, American Express, Elara Capital, ICICI Bank, Axis Bank, Singhi Advisors, UTI Mutual Funds, Birla Sun Life, Pears Capital etc. provided the students a plethora of opportunities to intern in the Finance sector, particularly asset management and investment banking. Roles in corporate finance and strategy were offered by business conglomerates like L&T and Escorts Group.
Firms that offered roles in the strategy and consulting vertical included Arthur D Little, Deloitte, PwC, Boston Analytics, Evolution Partners, Aqua MCG, Wipro, Capgemini, Knowledgefaber, Emergent Ventures, Asclepius Consulting, Littler Associates and Mindtree Consulting among many others.
Roles in operations and general management were offered by companies like Reliance Industries Ltd, Reliance Power (ADAG), Mahindra, Jindal Power and Steel, Apollo Hospitals, Ashok Leyland, L&T and Bertling Logistics. Prime recruiters among IT companies were Cognizant, TCS, Hewlett Packard, HCL, Patni, Aricent, Genpact and Tata Elxsi which dished out a variety of roles ranging from IT consulting to sales and project management. Companies from the telecommunication industry like Bharti Airtel and Idea also recruited from the campus.
Niche sectors: In a testimony to the increasing interest shown by students in non-conventional sectors such as media and entertainment, sports management, start-ups, health and wellness etc. students were more than keen to take up opportunities with firms such as MSM India (previously Sony Entertainment Television), Bennett Coleman & Co, McCann Erikson, Ogilvy & Mather, PMG Sports, Apollo Hospitals, Gomolo, Drishtee Foundation and Idobro.
As many as 60 new firms which include Saint Gobain, Daimler India, Onida, Cinepolis, Grasim, HT Media, GSS Infotech, Reubro International, UST Global, Astro All Asia Networks Plc participated in this year’s process. VCs/Incubators like Headstart Ventures, Indian Angel Network, Signal Point Partners also participated in the summers process for the first time. Some of the participating firms also went on to offer some unique managerial roles such as Executive Assistant to the CEO and other seniormanagerial positions to the interns.
Mr Sajiv Nair, Manager – Corporate HR at ITC, which recruited 5 interns, was very impressed with the quality of the participants in the placement process and expressed his satisfaction saying, “We want to build a long-term relationship with the institute. The candidates who participated in the process were top-notch. The level of enthusiasm and energy among the students was very high. The placements committee ensured that the process was conducted in a very smooth and professional manner.”