A Europe-based investment bank has offered the highest domestic annual compensation of Rs 32 lakh in the final placement process for 2011 at the Indian Institute of Management, Kozhikode (IIM-K).

The highest international package of $150,000 was offered by a commodities trading company, according to Mr G. Sridhar, Placement Chairperson at IIM-K.

All the 290 students of the 13{+t}{+h} batch got placements in the process, in which about 120 companies participated. The batch was 16 per cent larger than the previous batch of 250, and 56 per cent bigger than the 2009 batch of 185.

Largest recruiters

Deloitte and ICICI Bank were the largest recruiters with each making 16 offers. Finance continued to remain the top preference among the students, with more than 33 per cent of the batch taking up roles in areas such as investment banking, corporate finance, corporate banking, risk management, equity research and retail banking in foreign and Indian financial institutions.

More than 26 per cent of the students took up roles in the marketing and operations verticals, while 24 per cent chose to take up profiles offering consulting roles. About eight per cent opted for general management roles in major conglomerates, commodity trading houses and other companies.

Among other key verticals, seven per cent of the students chose IT and three per cent human resources.

While the average salary in the consulting sector remained more or less constant, there was a jump of 18 per cent in Indian financial institutions, 16 per cent in the IT sector,15 per cent in HR roles and 10 per cent each in the profiles offered by foreign financial institutions and FMCG companies.

More than 80 jobs were offered by recruiters visiting the institute for the first time and they included 3M, ADAG, Airtel, Apollo Hospitals, Arvin Meritor, Cargo, Crisil, Dolcera, EXL, Fujitsu, Glenmark, HP, Idea, Lenovo, Madura F&L, MMTC, MphasiS, Suntec, Tally Solutions, Triton Group, Videocon and Wipro Consulting.

Top recruiters

The top recruiters among the foreign banks were Nomura, Deutsche Bank, Bank of America Merrill Lynch, JP Morgan Chase, Standard Chartered, Goldman Sachs, HSBC, Citibank and American Express. The Indian financial institutions, apart from ICICI, included Edelweiss, Axis Bank, Yes Bank, Indus Valley Partners, IDBI, Bajaj Alliance and SBI Capital.

In the consulting sector, the companies that participated in the recruitment process included McKinsey and Company, Accenture Business Consulting, Deloitte, PricewaterhouseCoopers and Cognizant Business Consulting, while the IT sector was represented by TCS, Wipro, IBM, MindTree, Aricent, Capgemini, iGate and Fujitsu.

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