IIM Kozhikode has announced the successful completion of the summer placements process for its 14th batch of PGP students (2010-12). The highest stipend offered this year was over Rs. 1.5 Lakh and the average stipend saw an increase of over 80% from the previous year. The selection process saw participation from over 130 firms.

Participation of companies in such large numbers reaffirmed the buoyancy in the industry and reflected strong market sentiments in terms of quality talent acquisition.

Sales and Marketing emerged as the most preferred sector with 25% of the total offers made in this vertical. HUL, ITC, Marico, Colgate-Palmolive, PepsiCo, Asian Paints, Johnson & Johnson, Hindustan Coca Cola Beverages, Madura Garments, Kellogg’s, Heinz, Voltas, Tata Steel, Perfetti van Melle, Titan, and Avon among others were part of the summer intern hiring process.

Companies from the telecommunication industry like Bharti Airtel and Idea also recruited from the campus.

Banks and other financial services firms continued their revival and extended offers to as much as 22% of the batch.

Participation by the likes of Deutsche Bank, JPMorgan Chase, HSBC, Citi, Standard Chartered Bank, American Express, Elara Capital, ICICI Bank, Axis Bank, Singhi Advisors, UTI Mutual Funds, Birla Sun Life, Pears Capital etc. provided the students a plethora of opportunities to intern in the Finance sector, particularly asset management and investment banking. Roles in corporate finance and strategy were offered by business conglomerates like L&T and Escorts Group.

Firms that offered roles in the strategy and consulting vertical included Arthur D Little, Deloitte, PwC, Boston Analytics , Evolution Partners, Aqua MCG, Wipro, Capgemini, Knowledgefaber, Emergent Ventures, Asclepius Consulting, Littler Associates and Mindtree Consulting among many others.

Roles in operations and general management were offered by companies like Reliance Industries Ltd, Reliance Power (ADAG), Mahindra, Jindal Power and Steel, Apollo Hospitals, Ashok Leyland, L&T and Bertling Logistics. Prime recruiters among IT companies were Cognizant, TCS, Hewlett Packard, HCL, Patni, Aricent, Genpact and Tata Elxsi which dished out a variety of roles ranging from IT consulting to sales and project management.