Indian Institute of Management (IIM)Kozhikode wrapped up its summer placement drive for the Post Graduate Program (PGP) and the second batches of PGP Liberal Studies and Management, and PGP Finance. As many as 559 students were offered internship opportunities at an average stipend of Rs 2 lakh, a 6.4% increase over last year’s figures.
This season saw 132 recruiters offering internships to 559 students with the highest stipend pegged at Rs 3.74 lakh. The average stipend bagged by the cohort was Rs 2 lakh, 6.4% higher than last year’s figure. The median stipend was recorded at Rs 2 lakh, while the top 50 percent of students secured an average stipend of Rs 2.57 lakh.
Debashis Chatterjee, director IIM Kozhikode, said: “IIMK’s diversity and talent pool has always driven our placement process with élan. The ability to secure a broad mandate of offers amidst a challenging economic and business environment was possible due to an encouraging participation from recruiters and through the ever strengthening IIMK alumni support, who are also expanding the institute’s global footprints as our ambassadors. We also believe the tremendous response to summer placements is an optimistic omen to our forthcoming final placement season.”