Kerala: Notwithstanding the COVID-19 scenario, the Indian Institute of Management Kozhikode (IIMK) has successfully wrapped up the summer placements drive with 100 per cent internship placements for its 25th batch of Post Graduate Programme (PGP), second batches of PGP Liberal Studies and Management, and PGP Finance by the third day of the recruitment week.

The cohort consisted of 39 per cent women candidates and 40 per cent non-engineering candidates with an average 26 months of pre-MBA work experience, a news release said here on Wednesday.

As per details learned from the source, the season attracted participation from 132 recruiters, including 64 new recruiters, who offered internships to 559 students, at an average stipend of Rs 2 lakh, a 6.4 percent increase to the last year figures. The highest stipend was pegged at Rs 3.74 lakh. The median stipend was recorded at Rs 2 lakh with the top 50 percent of students securing an average stipend of Rs 2.57 lakh.

Debashis Chatterjee, director IIMK, said the ability to secure a broad mandate of offers amidst a challenging economic and business environment was possible due to an encouraging participation from recruiters and the support of the alumni. “We believe the tremendous response to summer placements is an optimistic omen to our forthcoming final placement season.”

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