|
IIMK placements 2010: Finance & Marketing dominate; Deloitte, Cognizant largest recruiters |
The Indian Institute of Management (IIM), Kozhikode completed placing its
batch of 2010 comprising 250 students into jobs across financial institutions,
consultancy practices, FMCG companies, public-sector units and startups. “A
total of 122 firms participated in the Placement process this year for IIM
Kozhikode’s largest ever batch size of 250 students,” said the IIM Kozhikode
press release.
The institute followed a rolling-process of placements over the traditional
slot-based process, resulting in the placement process stretching from the end
of January to mid-March, save a two-week break in between to accommodate final
examinations.
Finance
As many as 39% of the job offers were made in the finance domain, according
to IIMK, in domains such as Investment Banking, Corporate Finance, Equity
Research, Corporate Banking, Retail banking and Risk Management. Firms such as
Nomura, Goldman Sachs, Deutsche Bank, Bank of America-Merrill Lynch, JP Morgan,
Standard Chartered, HSBC, Citi, RBS and American Express participated in the
placements.
Yes Bank, ICICI Bank, Axis Bank, Indus Valley Partners, IDBI, Futures First,
Aranca, Irevna, Bajaj Finance, ICRA, IFCI, FINO and SBI Capital were some of the
Indian financial firms that recruited from IIM Kozhikode. “Multi-national
industrial houses like L&T and Essar also made offers to students in the
financial domain. There was also a substantial increase in the number of
students who opted for trading roles in select firms. In addition, Rating
agencies also hired aggressively.” added the IIMK placement report.
Marketing
At 27% of the total offers, the Marketing and Sales domain took the
second-biggest chunk of the IIMK batch of 2010. FMCG companies such as ITC,
Kelloggs, Pepsi, HCCB, Marico, Coca Cola, Amul and Britannia recruited for these
roles. Additionally, Pfizer, Sony Entertainment Television, Raymond, Titan,
Virgin, Suzlon, Arvind Brands, Sony Entertainment, Tata Motors, Thomas Cook and
VIP Bags too made offers in marketing functions.
Consulting
Firms like Mckinsey & Co, Accenture Business Consulting, KPMG, Deloitte,
PricewaterhouseCoopers, Bristlecone, Hewitt, Cognizant Business Consulting,
Droege, Gallup Consulting, Directi participated in the process this year. The
placement report provided the example of McKinsey & Co recruit Hanish Yadav, who
had served in the Indian Railways for three years prior to joining IIMK.
Deloitte emerged as the largest recruiter on the campus this year with a
total of 19 offers, while Cognizant Business Consulting was second with 11
offers.
IT/ITES
Information Technology companies were back on campus this year. Firms such as
TCS, Wipro, Infosys, IBM, Mindtree, iGate, NIIT, HCL, Tech Mahindra recruited 6%
of the graduating batch of IIMK.
Companies such as ONGC, Infosys, IFI and a few public sector companies
recruited for roles in Human Resources Management.
“Firms such as Syntel, IMRB, USHA International visited the campus offering
positions in senior management. Conglomerates such as Essar, Mahindra, Tata,
L&T, Tolaram Group and Jindal made offers in diverse roles including finance,
marketing, general management and HR. A number of Public Sector firms, including
the Maharatnas and Navratnas like ONGC, HPCL, BHEL, Power Finance Corporation,
Central Bank of India and Shipping Corporation of India also participated in the
placements,” informed the IIMK placement report.
Lateral placements
Companies such as Deloitte, Accenture Business Consulting, Nomura, Pepsi,
Genpact and Thomas Cook made lateral offers students with work experience. “The
lateral placements were completed by January-end with more than 80 students
being placed by this time,” said the IIMK placement report.
“Many firms hired for senior level positions and offered corresponding
packages. Hridesh Lal, a student with five-years of work experience at Maruti,
landed himself a job in Operations with Arshiya International directly at a
senior manager’s position,” it added.
Entrepreneurship
According to IIMK, eight students opted out of the placements process this
year to start ventures of their own. Of these, Kapil Jain and Suman Patra have
decided to start a B2B communication venture while Tapangshu Das and Ravi Kumar
have drawn up plans to supply components made of natural rubber to automotive
companies back home in Agartala with an investment of Rs 50-60 lakh. “I expect
to get financial support from angel investors and the Northeast Decision
Sciences Institute,” says Tapangshu Das.
Salaries
Interestingly, IIM Kozhikode has revealed average salary figures separately
for each recruiting sector:
|
Sector |
% of offers |
Average salary (per annum) |
|
Finance |
39% |
Foreign Financial Companies:
Rs 17.67 lakhs Indian Financial Companies: Rs 10.13 lakhs |
|
Consulting |
22% |
Rs 14.2 lakh |
|
Marketing and sales |
27% |
Rs 11.05 lakhs |
|
IT/ITES |
6% |
Rs 9.57 lakhs |
|
Human Resources |
4% |
Rs 9.35 lakhs |
|
Operations |
2% |
|
