The highest domestic pay stood at Rs 22 lac per annum, a jump of 32pc over last year’s figure of Rs 16.67 lac. International salaries this year touched USD 110,000, with the average pegged at USD 85,000. 75pc of the batch landed salaries more than Rs 10 lac, while no less than 33 students secured offers in excess of Rs 15 lac. That said, however, there was a distinct shift in preference towards more challenging roles as close to 20% of the batch gave up a better paying job for a role of their choice. One of the students decided to go solo, entering into an entrepreneurial venture of marketing and distribution of High-Technology products.
34 new companies were added to its impressive list of recruiters ensuring that the Class of 2007 signed out with offers of their choice. New recruiters added to IIMK’s increasingly impressive roster included McKinsey & Co, KPMG, Accenture Business Consulting, Bank of America, JP Morgan Chase, Barclays Capital, HSBC, Goldman Sachs, Yes Bank, Stern Stewart & Co, Google, Yahoo!, Colgate-Palmolive and Cadbury amongst others. Meanwhile, IIMK strengthened its existing relationship with recruiters from diverse businesses at Final Placements 2007. Some of the premier companies that participated this year included Citigroup, Lehman Brothers, Standard Chartered Bank, PricewaterhouseCoopers, Deloitte, Olam International, Infosys Technologies, Cognizant, Bristlecone Consulting, CHAINalytics, Asian Paints, Marico and ITC.
McKinsey & Co initiated its relationship with IIMK this year. Dr. Jaidev Rajpal’s breadth of experience as a medical professional and civil servant secured him a higher designation than that offered by McKinsey & Co at other campuses. A definitive shift towards careers in Consulting was evident as well, with over 25pc of the batch opting for jobs in that area. Financial software services heavyweight Bloomberg, New York participated in the recruitment process at IIMK for the first time this year, as one-third of the batch chose careers in the financial and banking sectors, signifying IIMK’s emergence as a chosen destination for top talent in the domain.
Global corporations like Citifinancial demonstrated immense faith in the quality of talent available at IIMK by recruiting three students for the post of Assistant Vice President – the highest number of offers across campuses for this role. Cognizant (15 offers), JP Morgan Chase (13 offers), Deloitte (9 offers) and Accenture Business Consulting (5 offers) were the biggest recruiters on campus this year.
The sheer diversity of roles offered by companies this year befitted the profile and distinct interest of the batch. Profiles ranged from investment banking, risk management, brand management, product management, business development, business consulting and engagement management to emerging profiles like carbon-credit trading, retail management, social venture capital and technology innovation.
Prof. Kulbhushan Balooni, Chairperson-Placements, IIMK stated, “The spectacular success of Placements 2007 is by no means a culmination of the breathtaking pace of growth that IIMK has set over the past decade. Rather, it reflects the evolution of an institution that has grown by leaps and bounds to cement its place amongst the best business schools in the country.”
Driven by its motto to Dream, Innovate and Achieve, IIMK is well poised to take on the next decade in its journey to the pinnacle of excellence.