KOZHIKODE: With more than 100 prominent brands making a beeline for IIM-Kozhikode (IIMK) for two-month summer internship placements for its 19th batch of 349 students, the process ended in just six and a half days.
The summer placements help gauge the market trend ahead of regular placements in January.
The season also saw not only an upward swing in average stipend but also niche roles offered. The average stipend increased by 32% to '1.06 lakh.
Accenture Strategy, Deutsche Bank, EY, HUL, JP Morgan, Phillips and Vodafone were the top recruiters with 52 offers.
First-timer Boston Consulting Group offered the top stipend of Rs 3 lakh for five internees.
“More than 20 percent of students receive offers during the internship and the hard-work during the internship results in the final placements,” Placem-ent Committee member Rajul Mangal said.
First-time recruiters included Nestle, Shell, Perfetti Van Melle, D.E.Shaw, Homelane, Xerox, Boehringer Ingelheim, OYO Rooms and Sony.
The recruiters offered diverse roles in corporate finance, investment banking, risk advisory, global investment research, retail banking and capital markets.
Roles in technology consulting and IT were offered by Microsoft, eBay, Mindtree, TCS, Wipro and EMC among others.
Prof A.F. Mathew, chairperson — placements said, "The brand of IIM Kozhikode has made its impact on our regular and new recruiters. The consistent offers across all verticals are a reflection of the students’ capabilities, and we hope to continue to provide to the changing needs of the industry.”
