Finance companies steal the limelight at IIM-K hiring

Written by feBureau | Thiruvananthapuram | Updated: Mar 17 2010, 03:23am hrs
The finance companies hogged the limelight at IIM-Kozhikode (IIM-K) placements. It was a jumbo batch at IIM-K this time with 32% more students than the previous year, but all 250 students were placed across 122 firms. The highest offer in this vertical came from a Mumbai-based investment bank for Rs 28 lakh per annum CTC.

The usual day-long recruitment process was cautiously stretched across weeks and the strategy paid off. We are not in a race against the clock, says Debashis Chatterjee, director, IIM-K. The focus was on quality of offers, he said. The institute was prepared for subdued placements in the finance vertical due to the spill-over effect of recession, admitted Chiranthan Shah, placement cell member. But brushing aside all apprehensions, as many as 39% of the total offers came from the finance domain.

Firms like Nomura, Goldman Sachs, Deutsche Bank, Bank of America-Merrill Lynch, JP Morgan, Standard Chartered, HSBC, Citi, RBS and American Express took part in final placements. The segment saw an average salary range of Rs 17.67 lakh per annum. Ravi Ajmera, CAO, Deutsche Bank (global markets) said the talent pool showed maturity and professional demeanour.

Banks such as Yes Bank, ICICI Bank, Axis Bank, Indus Valley Partners, IDBI, Futures First, Aranca, Irevna, Bajaj Finance, Icra, IFCI, FINO, SBI Capital etc, came for the placement.

Multi-national industrial houses like L&T and Essar also made offers to students in the financial domain. Consulting firms like Mckinsey & Co, Accenture Business Consulting, KPMG, Deloitte, PricewaterhouseCoopers, Bristlecone, Hewitt, Cognizant Business Consulting, Droege, Gallup Consulting and Directi participated in the process this year.