IIM Kozhikode records 100% internship placement; Highest stipend stood at INR 6.47 lakhs

IIM Kozhikode Summer Internships 2022 recorded the participation of 122 recruiters offering internships to 541 students with the highest stipend pegged at INR 6.47 lakhs.

IIM Kozhikode Summer Internships 2022: The Indian Institute of Management (IIM), Kozhikode concluded the summer internship recruitment drive for its two-year full time PGP programmes with 100 per cent placement record. As compared to the last year, the average stipend observed an increase of 25 per cent. According to the official data, this year, the mean and median stipend stood at INR 2.5 lakhs.

122 Recruiters offered internships to 541 students

IIM Kozhikode Summer Internships 2022 recorded the participation of 122 recruiters offering internships to 541 students with the highest stipend pegged at INR 6.47 lakhs. This year’s batch that appeared for the recruitment drive comprised of 47 per cent women candidates and 45 per cent non-engineering candidates. The candidates appeared with an average of 27 months of rich and diverse pre-MBA work experience.

This year, 18 per cent of the offers were made in the financial sector with an increase of 27 per cent in the average stipend. Some of the major financial institutions that offered internships to students are Barclays, CitiBank, Credit Suisse, CRISIL, HSBC Securities, ICICI Bank, IDFC First Bank, Nomura, SBI Capital Markets, Standard Chartered, TresVista, Yes Bank, among others.

Additionally, sales and marketing witnessed 24 per cent offers made with an increase of 39 per cent in the average stipend with recruiters such as Asian Paints, Astrazeneca, Bajaj Auto, Bajaj Consumer Care, BP Castrol, Coca Cola, Cipla, Dr. Reddy’s Laboratories, HUL, ITC, Johnson & Johnson, Nestle, PepsiCo, and more.

The Information Technology and Analytics cluster contributed to 13 per cent of the total offers, and around 26 per cent of the offers were rolled out by the consulting cluster this season.

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