IIM Kozhikode
Witnesses Best Ever Placements with Average Salary Peaking to Rs. 14.83 Lakh
IIM Kozhikode, the country's
fastest-growing premier business school, witnessed its best ever placements
season, with the Class of 2008 scripting an unprecedented success story at Final
Placements 2008.
"Building on the spectacular
success of the Lateral Placements Program, the most powerful theme at Final
Placements 2008 was recruiter satisfaction with the quality of talent at IIM-K,
a phenomenon which led more firms to make more offers across diverse profiles,"
says Dr. Kulbhushan Balooni, the Chairperson - Placements at IIM-K.
Several recruiters made their largest number of offers at IIM-K. The numbers
that the campus placement season recorded tell their story more compellingly
than anything else.
Placements culminated with the
Class of 2008 achieving an average salary of Rs. 14.83
Lakh per annum, a rise of 26% over last year's figure. The
highest final placements domestic salary shot up by 28%
to Rs. 29 Lakh per annum. The highest
international salary, meanwhile, recorded a phenomenal 60% jump, capping at USD
175,000 per annum by an Oil & Gas conglomerate.
105 premier recruiters from around the globe participated at Final
Placements 2008, with 45 firms initiating a recruiting relationship with IIM-K
this year. 178 students participating at
Final Placements 2008 were successful in bagging no less than
402 job-offers during placements season,
shattering all past records.
As a testament to IIM-K's
increasing global foot-print, a total of 23
international offers were made on campus, with plum roles based out
of the US, Europe, Middle East, Latin America and South-East Asia.
While there is no doubt that the
numbers are impressive by all standards, the success of Final Placements 2008
lay in the underlying substance that added a far richer and far more satisfying
hue to the sense of achievement at the end of placements season. Keeping in mind
long term career growth prospects, close to 20% of the batch elected to accept
slightly lesser paying roles out of the multiple offers available to them,
choosing role over pay. 90% of the batch signed out with offers well in excess
of Rs. 10 Lakh and above.
