Financial sector key recruiter at IIM-Kozhikode

March 15th, 2010 - 11:03 pm ICT by IANS  

New Delhi, March 15 (IANS) Strengthening the economic revival story, financial sectors made a beeline to hire students from Indian Institute of Management-Kozhikode (IIM-K). The elite B-school Monday said that a whopping 39 percent of their students got placed in this vertical.
“Allaying fears that subdued placements for the finance vertical would continue due to the spill-over effect of the recession, finance emerged to be the most preferred vertical among the students. A whopping 39 percent of the total roles on offer were made in the finance domain,” the institute’s director Debashis Chatterjee said in a communique.

This year, 122 firms went to IIM-K to recruit students, 28 more than the last placement season.

Roles ranging from investment banking, corporate finance, equity research, retail banking and risk management were on offer.

This segment expectedly witnessed an impressive average salary of about Rs.1.76 million per annum package. Besides, Indian financial companies like ICICI, IDBI, SBI, international players like Nomura, Goldman Sachs, Deutsche Bank, Bank of America-Merrill Lynch, J.P. Morgan, Standard Chartered, HSBC, Citi, and Royal Bank of Scotland also went to hire students.

Other than finance, marketing and consulting also dominated the placement season, with 27 percent of the roles offered being for sales and marketing profiles and 22 percent for consulting profiles.

The largest recruiter for the season was Deloitte, who picked up 19 students from the campus.

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