The 21st batch of the Post Graduate programme of IIM Kozhikode has witnessed a 16 per cent increase in placements both in mean and median salary from last year. The mean salary increased from Rs 17.8 lakh per annum in 2018 to Rs 20.6 lakh per annum in 2019, while the median increased from Rs 16 lakh a year in 2018 to Rs 18.5 lakh a year in 2019.

The top students bagged an average CTC of Rs 23.73 lakh per annum, a 13 per cent increase from the last year. This season also witnessed a significant surge in the number of offers and the roles in consulting and finance domain.

In a batch of 373 students, IIM Kozhikode witnessed 100 per cent placements for the 366 students participating in the process with 390 offers from 107 recruiters.

Major recruiters

The major recruiters were Amazon, Boston Consulting Group, Deloitte, EY, Goldman Sachs, HUL, JPMorgan Chase & Co., Optum and PwC. 21 new recruiters participated in the placement process this season including Bain & Co, Citrix, Exide, Everest Management Consulting, HSBC Securities, IQVIA, Of Business and State Street.

The BFSI cluster witnessed an impressive growth with 21 per cent of the offers coming from the key financial industry recruiters like American Express, Citibank, Deutsche Bank, Fidelity Investments, Goldman Sachs, HSBC Securities, JPMorgan Chase & Co, and State Street.

Debashis Chatterjee, Director, IIMK, said, “We completed our placement process within a record of 6 days and for the first time attracted top 3 consultancies like McKinsey & Co, BCG and Bain & Co. on day zero.”

Shovan Chowdhury, Chairperson, Placements at IIM Kozhikode, said “We have not only seen a significant surge in the pre-placements offers but also have witnessed offers for niche roles by consulting and finance clusters. The average annual CTC has exceeded Rs 20 lakh this year with a 16 per cent jump in the median annual CTC.”

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