IIM-K students find array of suitors for summer placements

IIM-K students find array of suitors for summer placements

Carbon credit trading, environmental consulting, entrepreneurship marketing and media management and media marketing are some of the new areas where students of Indian Institute of Management at Kozhikode (IIM-K) have been offered summer placements this year.

Google Inc., the Freudenberg Group of Germany, Accenture Business Consulting, Citibank NA, Bank of America Corp., KPMG, Coca-Cola India Inc., PepsiCo India Holdings Pvt. Ltd and Hewitt Associates Inc. were on campus for the first time to kick off the summer placements for 2008.

Accenture Business Consulting and Boston Analytics have offered the highest stipend for the summer placement, about Rs50,000 per month. While this is lower than last year’s highest stipend offered (Rs60,000), the average stipend has gone up by about 25%, the institute said.

Sixty-six firms from India and overseas came with offers this year for all 193 students, a record for the exercise that lasted three days. The internship, which typically lasts two months, usually starts in April.

Kulbhushan Balooni, chairperson of the institute’s placement cell, points out that Accenture Business Consulting, which hired graduating students earlier this year by making the most number of offers, is back looking for interns for the first time.

Freudenberg, a diversified German conglomerate, also picked up interns for placement in Germany and Hong Kong, bringing total overseas summer internships to 10 this year from four last year.

Yes Bank Ltd, Johnson & Johnson, Yahoo Inc., Edelweiss, HSBC, JPMorgan Chase &Co., American Express, PricewaterhouseCoopers, Boston Analytics, Marico Ltd, CHAINalytics, Standard Chartered Bank, Deloitte Consulting, Colgate-Palmolive Co., ITC Ltd, Asian Paints and Tata Motors Ltd were among other companies that participated in the exercise.

About 28% of the batch opted for internships in finance, 22% in marketing and 20% went for information technology companies. Another 16% picked up consulting internships.

Students at IIM-K said they were asked by their institute administrators not to speak to the media.