Sales and marketing were the most prefer-red sectors at the Indian Institute of Manage-ment, Kozhikode (IIMK) summer placements prog-ramme, accounting for 25 percent of the total offers for its 14th batch of post gradu-ate programme (PGP) today.
The selection process saw participation from over 130 firms, including global giants in FMCG, banking, consul-tancy and accounting sectors.
The highest stipend offered this year was Rs 1.5 lakh and the average stipend saw an increase of over 80 per cent from the previous year, according to an IIMK release.
HUL, ITC, Marico, Colgate-Palmolive, PepsiCo, Asian Paints, Johnson & Johnson, Hindustan Coca-Cola Beverages, Madura Garments, Kellogg’s, Heinz, Voltas, Tata Steel, Perfetti van Melle, Titan, and Avon were part of the summer intern hiring process.
Companies from the telecommunication industry like Bharti Airtel and Idea also recruited from the campus, while banks and other financial sector firms made offers to as much as 22 per cent of the batch. Deutsche Bank, JPMorgan Chase, HSBC, Citi, Standard Chartered Bank, American Express, Elara Capital, ICICI Bank, Axis Bank, Singhi Advisors, UTI Mutual Funds, Birla Sun Life, Pears Capital were among the participants.
Firms that offered roles in the strategy and consulting vertical included Arthur D Little, Deloitte, PwC, Boston Analytics, Evolution Partners, Aqua MCG, Wipro, Capgemini, Knowledgefaber, Emergent Ventures, Ascle-pius Consulting, Littler Associates and Mindtree Consulting.
As many as 60 new firms which include Saint Gobain, Daimler India, Onida, Cinepolis, Grasim, HT Media, GSS Infotech, Reubro International, UST Global, Astro All Asia Networks Plc participated in this year’s process, the institute said.