B-school graduates at the Indian Institute of Management, Kozhikode, are being employed by overseas companies. Capital One has already made an offer of $85,000 (Rs 37 lakh) to Gaurav Agarwal, an IIM-K student, who will be joining the firm in the USA.
It is for the first time that recruiters like Deloitte Consulting, JP Morgan Chase, Cap Gemini and ITC, along with the regulars like Citigroup, Accenture, GE, IBM, Asian Paints, HP, Kotak, Godrej and the Aditya Birla Group, are also picking students from the IIM-K with a considerable increase in salary.
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IBM has been the largest recruiter this year with 17 offers for business consulting roles, SAP consulting, sales and marketing and human resources. All together, a total of 194 job offers have been made to 120 students of the class of 2005.
Deloitte Consulting has offered the highest salary in Indian currency of Rs 10.15 lakh (Rs 1 million) this year. The average Indian salary rate has gone up by 15 per cent to Rs 730,000 this year.
Banking and financial services, however, remained the favourite sector for most students, with 31 per cent students going in for jobs in these sectors. The banking sector -- SBI, UTI, HDFC and IDBI have offered positions in treasury, corporate banking risk, credit and retail banking.
There have also been offers in bond trading, structured finance, corporate finance from Larsen and Toubro and insurance from Metlife and Birla Sun Life.
About 13 per cent students have been placed in the consulting segment with firms like Deloitte Consulting, IBM Business Consulting, Accenture, Cap Gemini and Bristlecone offering attractive packages.
Others like PriceWaterhouseCoopers and Ernst & Young also participated in the placement process this year. There have also been a considerable increase of 15 per cent in the numbers of FMCG/marketing offers, with giants ITC and Godrej in the forefront.
Other firms like Asian Paints, Perfetti Van Melle, Madura Coats, Bharti Televentures, Titan, Wipro Consumer Care and Cavinkare, and pharma majors like Wockhardt have offered roles in their international marketing divisions.
Automotive sector majors Tata Motors, Maruti, Mahindra & Mahindra, the Aditya Birla Group, GMR group, L&T, BPCL, Career Launcher and Genebridge provided opportunities in marketing and general management.
About 6 per cent of the students were absorbed into this sector. Nearly 30 per cent of the batch was absorbed by major IT companies, which offered roles like business analyst and business development and project management roles.
IBM, HP, Computer Sciences Corporation and Covansys along with Indian firms like TCS, Infosys and Wipro, Mahindra British Telecom, HCL Technologies and Patni have recruited from IIMK
