IIM Kozhikode summer placements see 36% increase in average stipend

IIM Kozhikode has wrapped up summer placements for the 17th batch of its flagship PGP programme with a 36% increase in average stipend and a 20% increase in the number of offers per company.

The highest domestic stipend offered was Rs 2 lakh.

Top recruiters included Deutsche Bank, Goldman Sachs and Tata Administrative Services (TAS), which selected 30 students.

New recruiters for the summer placements included L′Oreal, Godrej, Castrol, Cipla, Aviva, Altisource, Dell, InMobi, Whirlpool, Vodafone, Saint-Gobain, Aricent, Bosch and ACC.

Nearly 20% of the batch secured internships in finance from such recruiters as Citibank, JPMC, American Express, ICICI, Edelweiss, Aviva, Dell and L&T. General management and consulting were represented by the likes of Deloitte, Aditya Birla Group, Mahindra Group, Philips, Cognizant Business Consulting, Reliance Industries BSE -1.26 % and RPG.

Sales and marketing saw regular names like HUL BSE -0.96 %, ITC, Asian Paints, Airtel BSE 0.56 %, Pepsi, Marico, Pidilite, Kelloggs, Madura and Raymond while internships in operations and HR were offered by Asian Paints, L&T, Flipkart, Cipla, JSPL, Wildcraft and Genpact, among others.

Niche sectors like media, event management, healthcare and sports management also made their presence felt.

"The gender diversity was received extremely well by the recruiters. We are glad that we could cater to needs of the industry," said IIM-K director Debashis Chatterjee in a release. The institute has over 50% women, the highest percentage across all 13 IIMs.

IIM Kozhikode will start lateral placements season in December 2013 and final placements season in January 2014.