In spite of anxieties over hiring caused by the global economic scenario, all 261 students of the batch of 2008-2010 at IIM Kozhikode joined 102 national and international companies, up from 66 last year, through the summer recruitment process.

According to IIMK, banks and other financial institutions actually increased the number of offers compared with the previous year. Sharad Goenka, senior VP of corporate banking at HSBC, said that the bank was impressed by the profiles of the students at IIMK. Other banks that recruited from IIMK were Citibank, Standard Chartered Bank, American Express, ICICI Bank and Axis Bank. Investment Banks like JP Morgan, Deutsche Bank, and Edelweiss Capital were also confident about IIMK students. A total of 27 per cent of students will intern in finance companies.

A large chunk of students opted for strategy and consulting roles. Regular recruiters like Deloitte, Hewitt and Price Waterhouse Coopers picked up students for consulting roles. IIMK students were also offered niche roles in marketing and operations consulting by Frost and Sullivan, Vertebrand Consulting and i2 Consulting. Wipro and IBM also offered roles in their consulting and strategy divisions. About 20 per cent of students will intern in consulting firms in India and abroad.

While Nestle and Coca-Cola offered roles in marketing for the first time, regular recruiters like Hindustan Unilever, Colgate Palmolive, Marico, ITC, Aditya Birla Group and Johnson & Johnson picked students for roles in branding, sales and marketing, operations and logistics. Coca-Cola offered one of the highest domestic stipends at Rs 100,000 ($2,095) for the duration of the internship, while Vega Foods, a Singapore-based company, offered $6,000 for the internship period. X

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