|And then there were none.....SUMMERS 2006
||[Oct. 29th, 2005|11:52 am]
Dear All, we have had an amazing Summer Placement season for the Class of 2006 this year. All kudos to the Placecom for their efforts and planning.|
Summers 2006: Corporate biggies lap-up talent at IIM K in record time
IIM Kozhikode set new benchmarks across the premier B-school recruitment scenario in India by placing an increased batch of 160 students (up from 133 last year) within the first 4 days of the summer placements.
With over fifty top Indian companies and MNCs participating, a plethora of exciting "live" projects were on offer across varied domains. Companies from all sectors and functional areas like Investment Banking, Consulting, FMCG, Retail Banking, Insurance, Derivative Trading, Pharma, Manufacturing, Automobile, Advertising, IT, ITeS etc, were present, which enabled the students to choose their summer projects in the area of their preference.
The presence of 27 new companies on campus was an indicator of the rising stature of IIM Kozhikode in the corporate world. Some of the companies that debuted on campus this year include Cognizant, Edelweiss Capital, Johnson & Johnson, Ocwen Financial Solutions, Reliance Industries Ltd, L'Oréal, Dr Reddy's and Whirlpool.
The strength of the enduring relationships with past recruiters was manifest during the process with companies like Ernst & Young, Capgemini, ITC, Asian Paints, Marico Industries, GE Money, GECIS (GENPACT), ICICI Bank, The Murugappa Group, Aditya Birla Group (BMC) making a large number of offers.
Marketing projects remained a favorite amongst students, with 32% of the batch accepting offers from that sector. Projects in Investment Banking, Corporate Finance, Treasury Operations, Commodity and Derivatives Trading, Retail Banking, Consulting, Systems, Advertising, HR, Supply Chain Management were also accepted with great enthusiasm.
The success of the summer recruitment process can be succinctly expressed in the words of the placements chairperson, Dr SSS Kumar: "The pace at which the summer interns were recruited shows the faith Corporate India has in IIM Kozhikode graduates".
Cognizant and Max New York Life, recruiting for the first time from IIM Kozhikode, extended 6 offers each, the highest across companies this year.
The highest stipend offered was Rs. 30000/- per month while the average stipend was Rs. 15000/- per month. The companies, vying with each other to attract top talent, made an average of 3.4 offers each, ensuring that Summers 2006 set a scorching pace, with the entire process drawing to a close within 4 action-packed days.
The above results bore testimony to IIM Kozhikode’s status as a preferred destination for premier recruiters. Lending credence to the faith reposed by the recruiters with the institute, the students at IIM Kozhikode have historically performed extremely well in their summer internships with around 25% of the senior batch landing up with pre-placements offers or intents. Earlier this year, IIM K students also won the best project awards at companies like Wipro, GENPACT (erstwhile GECIS), and Patni.
The whole experience can be summed up in the words of some of the recruiters:
"We liked the students approach to the entire process. The discipline and manner of participation was really good.”
- Mr. Ashutosh Telang, Head, Corporate HR, Marico Industries
"I was struck by the passion and drive of all the students we met. The setting of IIMK is amazing, surely a great place to work and study!"
- Mr. Didier Villanueva, Managing Director, L'Oréal India
"Outstanding hospitality, high energy and excellent quality of students."
- Mr. Prabir Jha, Vice President HR, Dr Reddy's Laboratories.