We are pleased to inform that IIM Kozhikode has completed its placements successfully. Please see the complete report attached at the end of this post
Over the years, salary figures in placement reports across B-schools have invariably centered around two figures, the average salary and the highest salary, with aspirants and industry looking at these figures to gauge the placements at institutes.
However, we felt that this does not present the entire picture since providing a blanket figure makes it tough to find out what different sectors have to offer. “Providing a consolidated average salary figure has been found to be inadequate for MBA-aspirants. A blanket-average salary figure conveys very little information about what the students can expect in a particular sector, since major variations exist in the compensation structures across sectors” said Dr Keyoor Purani, Chairperson- Placements at IIM K. Thus a sectoral methodology of arriving at salary figures was used where each company that participated in the process was classified into various sectors like Foreign Financial institutions, Consulting, Indian Financial Institutions etc.
While calculating the figures mentioned in the report, the salary data used are the CTC figures including variable component quoted by participating firms when making the offers to the students. A single average and highest figure for the entire placements process does not reflect the true picture due to varying compensation policies followed across sectors. This can be seen from the relatively different salary figures in the Foreign financial institutions compared to that offered by firms in a sector like FMCG.
We believe that this is a right step in aiding aspirants in choosing the right career path and would help them to know exactly what to expect from the sectors they’re planning to work in.