At the end of Day Zero, close to 100 students have already been placed in the firms of their choice. Placement officials expect an increase of 20 % in the average salary offered at IIM-C.
This year the placements also saw students choosing strategic consulting roles in a big way with major consultancies like BCG, Bain, McKinsey, AT Kearney and AD Little hiring over 40 candidates at the end of the first day of placements.
Talking that the euphoric salary figures, IIM-C says, "The salaries have shot up significantly this time with multiple offers crossing the magic Rs. 1 crore mark. The highest offer so far on campus has been Rs. 1.36 crore made by a leading international investment bank." The recruitment coordinators are expecting a 18-22% hike over last years salary figures. In fact, IIM-C says that their campus is the only IIM across the country to see students joining Morgan Stanley for their London office.
There has also been a strong interest shown by investment banks with students from the outgoing batch receiving offers from top notch firms like Goldman Sachs, Morgan Stanley, Lehman Brothers, JP Morgan and ING, Merrill Lynch and Credit Suisse.
The recruitment process has seen a great jump in the number of offers made to students by leading corporates with 153 offers being made in the lateral placements. This coupled with almost 90 pre-placement offers (PPOs) has meant that over 240 offers having been made to the 290 students well before the final placement process began.
Prof. SD Moitra, heading the Placement Committee at IIM Calcutta, says, "The long term relationship that we have nurtured with companies has meant that recruitment at IIM-C has always been exceptional."
"This strong show by IIM Calcutta has laid to rest all fears of the global downturn affecting recruitment, with both consulting and investment banking firms hiring in good numbers.", says Parijat Tiwari, recruitment coordinator.
