Salary statistics and international placements
The maximum annual remuneration for a domestic offer was Rs 24 lakhs, a drop of 17 percent from 2008 placements. The average annual salary (obtained by converting international job offers at current exchange rates) stood at Rs 10.61 lakh which is a reduction of 28 percent from last season. Students secured a total of 23 international offers this year and this is the same number of international job offers secured by IIM K graduates in 2008. The highest international offer was USD 120,000 and this is a reduction of 31 percent from last yearas recruitments. The average annual international salary stood at Rs 23.63 lakhs. International job offers were made from firms in North America, Europe, South East Asia and other emerging markets.
Placements across sectors and recruiters
Placements witnessed significant participation from the financial sector companies in both the private and public space. Deutsche Bank, Citibank, HSBC, Standard Chartered, American Express, Yes Bank, Axis Bank, Aranca, Barings Private Equity, Futures First, SEBI, ICRA, SBI Cap . 37 percent final acceptances were recorded for finance placements and this is an increase of one percent from 2008 recruitments.
Some of the firms which recruited for marketing and business development were Coke, Pepsi, ITC, Reckitt Benckiser, Pfizer, JnJ Medical, Marico, Sony Entertainment, Britannia, Asian Paints, VIP, Titan, Idea Cellular, Godrej. The percentage of final acceptances in marketing and business development roles stood at 28 percent.
Consultancy and corporate strategy, general management, HR/Systems/Operations saw final acceptances of 16 pc, 9 pc and 10 pc respectively.
Consulting firms such as McKinsey and Co., Arthur D little, Gallup Consulting, Deloitte, and PricewaterhouseCoopers also participated in the placement process. Other important recruiters included Freudenberg, Maersk, Infosys, Cognizant, Dr. Reddyas etc. Conglomerates such as Manipal Group, Tolaram Group and Essar were also on campus for placements. They offered diverse roles in almost all areas of their operation including general management. A number of PSUs such as IOCL, SIDBI, Bank of Baroda, HAL, SAIL, PFC and HPCL also recruited from IIMK this year, some of them for the first time.
In all, there were 23 first time recruiters at IIM-K and the list of these companies included the following: WNS, UB Group, Mu Sigma, MXV Consulting, CARE Ratings,
Maersk, TATA Steel,SAIL,
IOCL and NGOs such as Naandi Foundation and CAP Foundation.
Lateral placements and entrepreneurship activities
Firms recruited for senior level positions in corporate strategy and corporate branding. Other strategic roles on offer were Executive Assistant to CEO, Product Manager and Lead of Business Division.
This year saw two students deciding to avail of the placement holiday and planning to start ventures of their own. Rajat Kathpalia, a resident of Delhi, has decided to start his own venture in the field of green technology consulting. Rajveer Singh, on the other hand, has decided on making a career for himself in the field of microfinance and agriculture and is setting up his own business in this sector.