IIM Kozhikode completes Final Placements 2019, average salary up by 13%; top 3 consultancies McKinsey, BCG, Bain hire

Friday, January 18 2019
IIM Kozhikode Placement 2019
IIM Kozhikode has concluded its 100% Final Placement 2019 with a 16% increase in both the mean and median salary. The average annual CTC has exceeded INR 20 lakhs, which is 13% higher than last year. A record 21 new recruiters including Bain & Co participated in the Placements 2019. Prof. 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.”

News on strong MBA Placements 2019 continues to pour in. IIM Kozhikode has concluded its Final Placement for the graduating batch of 2019. Placements 2019 witnessed a 16% increase in both the mean and median salary from last year. The mean salary increased from INR 17.8 LPA in 2018 to INR 20.6 LPA in 2019. The average annual CTC has exceeded INR 20 lakhs. A record 21 new recruiters including Bain & Co participated in the Placements 2019. As many as 30% students were recruited by consulting companies.

In a batch of 373 students, IIM Kozhikode witnessed 100% placements for the 366 students participating in the placements process with 390 offers from 107 recruiters. Seven students chose to opt out of the process. 

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Prof. 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. This is a testimony to the exceptional value we continue to create for our key stakeholders.” 

Comparative Analysis of IIMK Placement Trends:

Placement Year
Average Salary (Rs.in Lakhs)
Placements 2019
20.0
Placement 2018
17.8
Placement 2017
17.65
Placement 2016
17.1

Source: MBAUniverse.com Analysis

According to IIMK, the top 50% of the students bagged an average CTC of INR 23.73 LPA, a 13% increase from the last year. The season has also witnessed a significant surge in the number of offers and the roles in consulting and finance domain as compared to last year.

Major Recruiters & Sectors at IIM Kozhikode Placements 2019
The major recruiters were Amazon, Boston Consulting Group, Deloitte, EY, Goldman Sachs, HUL, JPMorgan Chase & Co., Optum and PwC. This season, 21 new recruiters participated in the placement process. Bain & Co, Citrix, Exide, Everest Management Consulting, HSBC Securities, IQVIA, Of Business and State Street were a few of the new entrants.

IIM Kozhikode takes pride in hosting McKinsey & Co, BCG and Bain & Co. together in its placement process along with other major consulting companies like Avalon Consulting, Cognizant Business Consulting, Deloitte, Everest Management Consulting, EY, Feedback Infra and PWC. All these companies together offered 117 job roles in the consulting domain, covering 30% of the batch.

The BFSI cluster also witnessed an impressive growth with 21% of the offers were made by key financial industry recruiters as such American Express, Citibank, Deutsche Bank, Fidelity Investments, Goldman Sachs, HSBC Securities, JPMorgan Chase & Co, and State Street.

Diversified marketing and sales opportunities were offered to 18% of the batch by renowned companies like Asian Paints, Bajaj Auto, Dr Reddy’s Laboratories, GSK, Hindustan Coca Cola Beverages, HUL, ITC, Kohler, Nestle, Samsung and Shell.

Professor 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 INR 20 lakhs this year with a 16% jump in the median annual CTC.”

Over 14% offers were made for General Management and Operations roles. Capgemini, Flipkart, Mahindra, Reliance, TAS and Tata Sky were among the leading recruiters for General Management while Amazon, Asian Paints, Maersk and RPG recruited for Operations Management.

The Information Technology and Analytics cluster contributed with 17% of the offers through marquee recruiters like Citibank, Citrix, Cipla, Fidelity, Microsoft, Mondelez, Optum, Shell and Wipro.

Stay tuned to MBAUniverse.com for more updates on IIM Kozhikode

Read Also: IIM Kozhikode Admission 2019: Eligibility, Criteria, Process, Cut-off, Fees; Many Changes Introduced