Fat pay packet for IIM-K grads

  • HT Correspondent, Hindustan Times, Thiruvananthapuram
  • |
  • Updated: Mar 05, 2011 15:16 IST

The Indian Institute of Management (IIM)-Kozhikode on Saturday completed its final placement with 110 corporate giants flooding the campus doling out 30 per cent fatter salary than the previous year.

The highest international package US $ 150,000 was offered by a commodities trading company while the highest domestic salary Rs 32 lakh was offered by in investment bank. Deloitte and ICIC Bank were largest recruiters by making 16 offers each. The present batch was the largest with 290 students (last year 250).

Finance continued to remain the top preference among students with more than 33 per cent of the batch taking up roles ranging from investment banking, corporate finance, corporate banking, risk management, equity research and retail banking in foreign and Indian financial institutions.

“Our experience with the IIM-K was excellent with quality of students and the fullproof process,” said Anuj Kumar, vice president (HR) with the Fujitsu Consulting India. Food commodities trading, which recruited for the first time from an IIM, took five students. There are some interesting placement also - P Satya Mani Kumar, an MBBS student, has decided to join an NGO working in micro health insurance.

Established in 1996 as the fifth IIM, it is the first B school to reserve 30 per cent seats for women. It has relaxed its admission norms in 2010 to get more girl students. When former HRD Minister Kapil Sibal visited the campus last year, he complained about the fewer number of girls joining IIMs. This really provoked the B school to give fair sex their due.


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