The Hindu Business Line : Capital One puts IIM-K on global recruitment map

THE debut appearance of the US financial services major, Capital One, at the campus recruitment of the Indian Institute of Management-Kozhikode has firmly put the institute on the international recruitment map, a press release from IIM-K said.

Making an offer of $85,000 (Rs 37.4 lakh per annum) to Mr Gaurav Agarwal, Capital One said: "We have enjoyed interacting with the students of IIM-K and we look forward to building a strong relationship with the institute."

Mr Agarwal is slated to join the firm in the US as a Senior Business Analyst in October.

With an increased batch strength of 120 (60 in previous years), the Class of 2005 had a good crop of corporate world participating in Placements 2005, including first-time recruiters such as Capital One, Deloitte Consulting, JP Morgan Chase, Cap Gemini and ITC.

Like in earlier years, Citigroup, Accenture, GE, IBM, Asian Paints, HP, Kotak, Godrej and the Aditya Birla Group were also present on the campus to draw from IIM-K's increasing talent pool.

The highest Indian salary came from the consulting sector - an offer of Rs 10.15 lakh from Deloitte Consulting.

The average Indian salary was Rs 7.3 lakh, a 15 per cent increase over last year. With 194 job offers for 120 students, the community had an excellent choice of top jobs across sectors, with a number of companies having to go empty-handed as there were no available students.

The largest recruiter at Placements 2005 was IBM, which made 17 offers for roles in business consulting, SAP consulting, sales and marketing and human resources.

In all, 71 companies participated in Placement 2005 and on an average, a student had 1.62 job offers. Though the lateral placement programme has been a popular recruitment option predominantly for IT firms in the past, this year saw increased participation from consulting and financial services firms.

Commencing in October and running till the regular final placement process in February, the lateral placement programme was a rolling placement process.

Banking and financial sectors attracted 31 per cent of the student community, consulting 13 per cent, marketing and FMCG 15 per cent, IT 30 per cent, general management 6 per cent and ITES and others contributed the rest.

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