Final Placements 08: Top companies woo IIM Calcutta grads with profiles and packages

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MBAUniverse.com News Desk |
August 3, 2016
Alongside IIM Ahmedabad and IIM Bangalore, IIM Calcutta successfully concluded its final placements process on the March 11.

The process which began on March 8 came to a close on the 4th day of placements with all students who participated in the process being offered jobs of their choice. The participation of firms on campus crossed the 100 mark again this year with around 107 companies hiring from the batch of 290 PGP students at IIM Calcutta. 

The average domestic salary across slots this year for the domestic segment is Rs. 16.4 lacs per annum. The highest domestic salary has been in the range of Rs. 65 to Rs. 70 lacs per annum, offered by a leading international investment bank. Also, Mckinsey offered the profile of an Associate to a student, which is higher than what is normally offered at IIMs.

IIM C started placements on a strong footing. A total of 243 offers had already been made to the students before the beginning of the final placements. This included 153 offers made during the laterals process and the 90 pre-placement offers (PPOs) that were awarded for excellent performance during the summer internship. The foreign job locations included assignments in UK, US and the Asia Pacific region comprising the bulk. The Middle East and other European countries are other major locations offered to the students. However, India still remained the preferred destination for a majority of the students with many choosing to stay here and participate in the great Indian growth story.

Notwithstanding the downturn in the financial sector worldwide, IIM Calcutta has been able to leverage its brand equity in the finance domain with 34% of the batch opting for jobs in the financial sector. Some of the top notch firms which hired students from the batch of 2008 include Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, ING, JP Morgan and Barclays amongst others. There have been a total of 32 i-bank offers made to students here by Slot Zero investment banks. 

Consulting firms were preferred by 26% of the students during the placements. As many as 42 offers were made by the Slot Zero consulting firms on campus. Major consulting groups like Mckinsey, Bain, BCG, AT Kearney and AD Little hired in good numbers. 

The other interesting part of the placement scene is the amount of new companies which came to campus this year to recruit bright young talent. "A record 22 new companies were a part of the placement process this year, which is a testimony to the fact that the managerial talent of the students of IIM Calcutta is widely recognized" said Prof. S.D. Moitra, Chairperson, Placement Committee, IIM Calcutta. 

 Some of the firms coming here for the first time include o3 Capital, Dawnaday, Ocean Oil, Lodha Group, Anand Rathi and Opera Solutions amongst others. 

The campus also saw the participation of marketing giants like PnG and HUL. Other marketing firms on campus included Nokia, ITC, Nestle and Asian Paints, who also hired in good numbers.  

This successful placement of 291 students in just 4 days has once again reaffirmed IIM Calcutta as being the campus of choice for recruiters from India and abroad.