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  • 7% rise in average salary at IIM-K placements

    EVEN THE newer additions to the IIM family are doing as well as their established peers in the placement process. At Indian Institute of Management-Kozhikode (IIM- K), as many 135 companies showed up for the interviews, compared with 108 last year, and 40 per cent of the jobs offered to the 317 students of the flagship Post Graduate Programme in Management came from the first- time recruiters.

    The average salary for the Class of 2012 was INR 13.02 lakh per year, a 7 per cent increase since last year, and the highest domestic salary offered was INR 32 lakh.

    The folks at IIM-K, naturally, are delighted. ďOur rigorous and innovative selection process ensures that the students who get into IIM-K are academically qualified, service oriented and poised to contribute superior skills to society,Ē says IIM- K Director Debashis Chatterjee. In the placement process, Marketing and Finance were the most sought after specialisations, followed closely by Operations and Information Technology, and Consulting.

    A Snapshot of the IIM Kozhikode placements for 2012:

    Total Batch size
    317 students
    10 students
    Effective batch size for placements
    307 students
    Number of companies participated
    135 companies
    Number of offers made
    351 offers
    Average number of offers per student
    1.14 offers
    Average number of offers per company
    2.6 offers
    Number of PPO's accepted/made
    Number of international offers made
    Highest international salary offered
    USD 1,50,000
    Highest domestic salary offered
    INR 32 lacs
    Average salary offered
    INR 13.7 lacs
    Lowest Salary offered
    INR 8 lacs

    Among the new recruiters, the most prestigious addition was that of the Tata
    Administrative Service, which recruited five IIM-K graduates for the first time this year, informs Surbhi Bhatia, Member, Placement Committee. Some of the other leading recruiters were Goldman Sachs, Citibank and Deloitte and HUL.

    So whatís working in favour of IIM-K? Itís clearly the alumni network, which, according to Chatterjee, is getting bigger and stronger by the year. It had a big hand in ensuring the participation of few of the best companies in the placement process.

    IIM-K alumni from a number of companies also made it a point to travel with the recruitment team to ensure smooth conduct of the placements. Now thatís called the old school tie.