IIM Calcutta MBA Student Gets Rs.1.15 Crore Package; Average Salary Up at Rs.35.07 LPA; Accenture, Amazon, BCG, Bain & Co, Goldman Sachs among Top Recruiters

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MBAUniverse.com News Desk |
August 22, 2023
IIM Calcutta MBA student has got domestic salary of Rs.1.15 crore in final placements 2023. Concluding 100% final placement 2023, IIMC has also registered all time high Average Salary of Rs.35.07 LPA for its largest 58th MBA 2021-23 batch. 573 offers were rolled out by the prominent recruiters from across all the domains and sectors. Accenture, Amazon, BCG, Bain & Co, Goldman Sachs, McKinsey, emerged as the top recruiters
IIM Calcutta Placement 2023

Registering all time high highest domestic salary of Rs.1.15 crore and average salary of Rs.35.07 LPA, the highly ranked and triple crowned IIM Calcutta has concluded its 100% final placement 2023 for its 58th batch of PGP (MBA) class 2023 with 573 offers made by prominent recruiters to the large batch of participating students. While Consulting sector alone has claimed 40% share in placement 2023 with Accenture, Amagon, Boston Consulting Group,  McKinsey, Aditya Birla Group, EY, Bain & Co, Goldman Sachs emerging as top recruiters. Consulting and Finance domains have contributed 56% share in placement 2023. IIM Calcutta will award MBA degree instead of PGDM to the passing out PGP 2021-23 batch. Below are shared the key highlights of IIM Calcutta placements 2023 and 2022: 

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  IIM Calcutta Placements 2023: Key Highlights

Following are the key highlights of IIM Calcutta Placement 2023:

  • The whole placement process was concluded in a short time in hybrid mode
  • Achieves 100% placement for the class 2023 with more offers despite the large batch
  • Average salary increased by 3% at Rs.35.07 LPA in Placement 2023 from Rs.34.20 LPA last year
  • Highest domestic salary has gone up all time high at Rs.1.15 crore
  • Highest International salary goes up all time high at Rs.94.82 LPA
  • Median Salary has gone up by 9% at Rs. 33.67 LPA in Placement 2023 from Rs.31 LPA last year
  • All time High Average and Highest Salary
  • Average salary for Top 25% students goes up by 5% at Rs. 50.86 LPA in placement 2023 from Rs.48.39 LPA last year
  • 573 offers were rolled out to the students from the prominent recruiters
  • 41% Batch got Placed in Consulting domain
  • Finance & Consulting together have 56% share in Placement 2023
  • Top Recruiters include Accenture, Amazon, BCG, Goldman Sachs, McKinsey, EY, Bain & Co, Aditya Birla Group among others

IIM Calcutta Placements 2022: Key Highlights
Following are the key highlights of IIM Calcutta Placement 2022:

  • The whole placement process was conducted virtually amid the pandemic.
  • Achieves 100% placement for the class 2022 with more offers despite the large batch
  • Average salary increased by 18% at Rs.34.2 LPA in Placement 2022 from Rs.29 LPA last year
  • Median Salary has gone up at Rs.31 LPA in Placement 2022 from Rs.27 LPA last year
  • Large batch size with 465 students in Placement 2022
  • 631 offers were rolled out
  • Number of Recruiters making placement offers increased to 190 from 172 last year
  • 49% Batch got Placed in Consulting domain
  • Finance & Consulting together have 67% share in Placement 2022
  • Accenture, Boston Consulting Group, EY, Bain & Co, HUL emerge as top recruiters

Key Trends in IIM-C Placement 2023
IIM Calcutta has shared the salary statistics for the Placement 2023. The last five years analysis of salary reflects a consistent rising trend in Average salary offered at IIM Calcutta year after year:

Placement year
Highest Salary (Rs.in lakhs)
Average salary  (Rs. in lakhs)
2023
1.15 Crore (Domestic)
94.82 LPA (International)
35.07 LPA
2022
--
34.20 LPA
2021
60 LPA (Domestic)
80 LPA (International)
29.00 LPA
2020
80 LPA
28.00 LPA
2019
72 LPA
25.36 LPA
2018
75 LPA
24.2 LPA
2017
70 LPA
20.0 LPA

Top Recruiters
Prominent recruiters in IIM Calcutta placement 2023 include Accenture Strategy, Amazon, Adobe, Bain & Co., Aditya Birla Group, A91 Partners, BNP Paribas, Boston Consulting Group, Franklin Templeton, Goldman Sachs, HSBC, Macquarie Group, Nomura, Kearney, McKinsey & Co, Tata Administrative Services, Vedanta,  Flipkart, Microsoft, Navi, Paytm, Salesforce, Zomato among others

Sector Wise Placement Highlights
Consulting and Finance comprised 56 percent of total placements as has been the trend at IIM Calcutta.  Below are shared the key highlights of sector wise placements and key recruiters

Consulting: Top Recruiting Domain with 41% Share
Like last year, Consulting Sector emerged as the top recruiting domain in IIM Calcutta placement 2023 with 232 offers in this sector. Consulting firms like Accenture Strategy, Bain & Co., Boston Consulting Group, Kearney and McKinsey & Co. were the top recruiters in the consulting sector.

Finance: 15% Share
IIM Calcutta, the most preferred MBA college in Finance area recorded 86 offers in Finance area. 15 percent students got offers in Finance domain in Placement 2023. Students were selected by top Investment Banking, Asset Management, Private Equity Venture Capital firms. IIMC witnessed participation from financial institutions including A91 Partners, BNP Paribas, Franklin Templeton, Goldman Sachs, HSBC, Macquarie Group, Nomura, among others

General Management and Sales & Marketing: 23% Share
Sales & marketing sector with 52 offers and general management with 82 offers together accounted for 23 per cent of total hires, with companies like Aditya Birla Group, Tata Administrative Services and Vedanta which were some of the top recruiters in this sector.

IT & E-Commerce: 18% Share
Software services and E-commerce accounted for 18 percent of placements at IIM Calcutta. Top recruiters included Amazon, Adobe, Flipkart, Microsoft, Navi, Paytm, Salesforce and Zomato among others.

New Recruiters
IIM Calcutta also witnessed several new recruiters during placement 2023 apart from regular recruiters.

IIM Calcutta Cluster Cohort: “Dream” and “Wait and Hold” Options
The fast Placement 2023 at IIM Calcutta is a result of initiatives taken during last few years. Students at IIM Calcutta co-developed a scheduling system which increased efficiency and ensured maximization of interface opportunities between students and recruiters.

IIM Calcutta applies cluster-cohort, “Dream" and “Wait and Hold" options to allow its students to realise their full potential at the top institute. Recruiters could also select from a larger pool and make offers to the most suitable candidates as per their choice. The hold and wait and dream policies enable recruiters to find a better company-student fit. The placement at IIM Calcutta follows cluster-cohort process with all companies of a cluster getting equal opportunity to interview. The process was conducted in a hybrid Online and offline mode.

The “Dream policy” at IIM Calcutta Placements imply that students can choose and apply to a specific industry and company according to their expectations while the “hold & wait” policy enables students to hold their offers and interview for other companies. IIM Calcutta saw the expansion of hold and wait policy with 16 extra offers and dream policy with 34 extra offers.

The Indian Institute of Management Calcutta (IIMC) was established as the first national institute for Post-Graduate studies and Research in Management by the Government of India in November 1961 in collaboration with Alfred P. Sloan School of Management (MIT), the Government of West Bengal, The Ford Foundation and Indian industry.

Over the years, IIMC has grown into a top B-school and matured institution with global reputation, imparting high quality management education. It has been playing a pioneering role in professionalizing Indian management through its Post Graduate and Doctoral level programs, Executive Training Programs, Research and Consulting Activities.

IIM-C: International Centre of Excellence
The vision of the Institute is to emerge as an International Centre of Excellence in all facets of Management Education, rooted in Indian ethos and societal values. Over the past 6 decades, IIM Calcutta has developed into one of Asia's finest Business Schools. Its strong ties to the business community make it an effective mechanism for the promotion of professional management practices in Indian organizations. Today, IIM Calcutta attracts the best talent in India to its faculty and the best and brightest young men and women pursue its academic programs.

IIM Calcutta is the first IIM to have earned triple accreditations by AACSB (Association to Advance Collegiate Schools of Business), AMBA (Association of MBAs) and EQUIS - the three major international accreditation bodies for Business Schools. 

Stay tuned to MBAUniverse.com for more updates on IIM Calcutta

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