IIM Kozhikode which concluded its final placements in 10 days for the graduating batch of 2015 saw the best domestic salary being offered at Rs 29.5 lakh per annum.
"The average annual compensation figure for this year stands at Rs 14.92 lakhs per annum. A total of 97 recruiters participated in the Final Placements, with 34 being first time recruiters," IIM K said in a press release.
The IIM had 347 students participating in the placement process with 359 offers being made to them. The number of pre-placement offers saw an on-year rise of 38 per cent over, the institute said.
"The major recruiters this season were Goldman Sachs, IBM Consulting, KPMG, Samsung, Snapdeal and Vodafone, who made a total of 73 offers.
Catamaran Ventures, the venture fund backed by Infosys founder N R Narayana Murthy participated in the hiring process for the first time at IIM K this year. The results of the interviews are still awaited.
IIM K, started in 1997, is one of the more recent of the elite group of management institutes.
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