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Finance tops IIM-K placement choice

Last updated: 14 March, 2010
THIRUVANANTHAPURAM,Mar 14, dhns: 22:17 IST

Finance has emerged as the most preferred domain among the students at the completion of the placement season for the twelfth batch of IIM Kozhikode’s PG Program in Management.

According to an IIM-K spokesperson, the firms included leading names from Indian and global industry, PSUs and start-ups. In all, 39 per cent of the total roles on offer were made in the finance domain, while 27 per cent of the placements were in sales and marketing profiles and 22 per cent in consulting profiles. Roles offered in HR, Operations and IT accounted for about 12 per cent of the total placements.

A total of 122 firms participated in the placement process this year for IIM Kozhikode’s largest-ever batch size of 250 students. Deloitte emerged as the largest recruiter on the campus this year with a total of 19 offers, while Cognizant Business Consulting was second with 11 offers.

The finance segment expectedly witnessed an impressive average salary of about Rs 17.67 lakh per annum with the highest offer of Rs 28 lakh per annum by an investment bank. There was also a substantial increase in the number of students who opted for trading roles in select firms.

On the whole, the average salary for Indian financial firms was slightly over Rs 10 lakh per annum. TCS, Wipro, Infosys, IBM, Mindtree, iGate, NIIT, HCL and Tech Mahindra participated from the IT sector offering an average salary of Rs 9.57 lakh per annum.

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