IIM Kozhikode, one of India’s premier business schools, has consistently set high benchmarks in management education. Known for its flagship Post Graduate Programme (PGP), the institute also offers specialized programs such as PGP-Finance (PGP-F) and PGP Liberal Studies and Management (PGP-LSM). In 2024, the institute witnessed a record-breaking placement season for its Post Graduate Programme in Business Leadership (PGP-BL), which is gaining recognition for its innovative curriculum and industry-focused approach.
The placement season is a critical milestone for any management institution. It is not only a testament to the quality of the program but also an indicator of its relevance in the ever-evolving business world. In 2024, IIM Kozhikode’s PGP-BL program surpassed expectations with record-breaking salary packages and participation from top-tier companies across diverse sectors.
Placement season overview
IIM Kozhikode’s 2024 placement drive saw participation from 156 recruiters who offered a wide range of job roles to 537 students. The highest package offered was INR 72.02 LPA, a significant jump from the previous year’s INR 67.02 LPA. The median package remained constant at INR 27 LPA, while the mean package saw a slight dip from INR 31.02 LPA in 2023 to INR 28.05 LPA in 2024.
Despite the minor drop in the average package, the placement drive remained a resounding success, maintaining the institute’s 100% placement record. A notable trend this year was the increased participation of recruiters from emerging sectors such as FinTech, e-commerce, and sustainability, reflecting the changing landscape of business and management. Consulting and finance continued to dominate the recruitment process, accounting for a significant portion of the offers made to the students.
Comparison with Previous Years
The 2024 placements marked a 7% rise in the highest package offered compared to 2023, showcasing the growing value that recruiters place on IIM Kozhikode graduates. However, the average package experienced a 10% dip, indicating a broader spread in salary offerings across different roles and sectors. Despite this fluctuation, the consistent median salary of INR 27 LPA highlights the strong demand for talent from the middle and higher percentiles of the batch.
The increase in the number of recruiters from 123 in 2023 to 156 in 2024 also demonstrates the growing appeal of IIM Kozhikode among top companies across various sectors.
Sector-wise Distribution of Placements
The 2024 placements saw a balanced distribution of roles across multiple sectors, reflecting the versatility of the PGP-BL program. The consulting and finance sectors remained dominant, offering a majority of the roles. These sectors, known for their high-paying and dynamic roles, attracted the top percentile of the batch.
Consulting: As a preferred sector for many management graduates, consulting firms such as Accenture, Deloitte, and Bain & Company were among the top recruiters. Roles in management consulting, strategy, and operations were offered, reflecting the demand for analytical and problem-solving skills.
Finance: Financial services companies, including JP Morgan, Goldman Sachs, and HSBC, offered roles in investment banking, corporate finance, and risk management. The high demand for finance professionals continued, driven by the evolving regulatory landscape and the increasing complexity of global financial markets.
Marketing and General Management: FMCG giants like HUL, ITC, and Nestlé participated actively, offering roles in brand management, sales, and marketing. These roles provide an excellent opportunity for graduates to work in consumer-centric industries with a broad market reach.
Technology and IT: With the rapid growth of digital transformation, technology firms such as Microsoft, Amazon, and Google recruited for roles in product management, business analytics, and data science. These roles reflect the growing importance of technology in every aspect of business.
Key Recruiters and Roles Offered:
The 2024 placement season saw a diverse mix of recruiters from traditional sectors like consulting and finance, along with new-age sectors such as FinTech, e-commerce, and IT. Some of the top recruiters included Accenture, Amazon, Microsoft, Deloitte, TCS, Cognizant, and HCL. These companies offered a range of roles that catered to different functional areas, including strategy, operations, finance, marketing, and product management.
The consulting sector, as always, remained a major recruiter, offering roles in strategy, management consulting, and operations. Companies like Bain & Company and Accenture provided high-paying roles that attracted the top 5% of the batch. In the finance sector, investment banks such as Goldman Sachs and JP Morgan recruited students for roles in corporate finance, investment banking, and risk management.
In addition to traditional roles, companies from emerging sectors like FinTech and sustainability offered positions in business development, product management, and data analytics. These roles are becoming increasingly popular among students who are looking to build careers in innovative and fast-growing industries.
Salary Packages
The 2024 placement season saw a wide range of salary packages across different sectors. The highest package offered was INR 72.02 LPA, an increase of over 7% from the previous year. The top 5 percentile of the batch received packages in the range of INR 48.41 LPA, while the top 10 percentile secured offers averaging INR 46.20 LPA. These figures reflect the strong demand for top-tier talent from leading companies.
The average salary for the batch stood at INR 28.05 LPA, while the median salary remained consistent at INR 27 LPA. Despite a 10% drop in the average package compared to 2023, the overall performance of the batch was commendable, given the challenging economic conditions in 2024.
Salary Breakdown by Sector
- Consulting: INR 46 LPA (average for top percentile)
- Finance: INR 42 LPA (average for top percentile)
- Marketing: INR 30 LPA (average)
- Technology: INR 35 LPA (average)
The salary ranges varied significantly across sectors, with consulting and finance offering the highest packages, followed by technology and marketing. The variation in salary offerings reflects the different growth trajectories and compensation structures in these industries.
Conclusion
The IIM Kozhikode placements for 2024 were nothing short of spectacular, with the PGP-BL program, in particular, setting new benchmarks. The increase in the highest package offered, coupled with the broad range of roles across various sectors, is a testament to the institute’s ability to meet industry expectations. Despite a slight dip in the average salary, the placement season was successful, especially considering the growing number of recruiters and the diversity of roles offered.
Looking ahead, IIM Kozhikode is well-positioned to continue its strong placement performance, thanks to its focus on industry-relevant curriculum and the rising popularity of its specialized programs like PGP-BL. With an expanding network of top recruiters and a curriculum that equips students with cutting-edge skills, the future placement seasons at IIM Kozhikode look promising.
Admissions are open at IIM Kozhikode for the Post Graduate Programme in Business Leadership (PGP-BL) Batch 06. Apply now to secure your spot!
The LAST DATE to apply is 31st October 2024, so submit your application as soon aspossible. If you have any queries or to connect with IIM Kozhikode students, please visit [OFFICIAL] IIM- Kozhikode PGP-BL Batch Admissions 2025-26 | PGP-BL (Post Graduate Program in Business Leadership).