IIM Calcutta Final Placement 2020: Average Salary Up at Rs.28 LPA; Consulting Largest Recruiting Sector with 31% offers

IIM Calcutta has concluded its final placement 2020 for its 55^thbatch of PGP class 2020 with 492 offers made by 136 recruiters to 439 participating students. Achieving yet again 100% placement from top recruiters, the average salary in Placement 2020 has gone up at Rs.28 LPA from Rs.25.36 lakhs -  steep hike over last year salary. Consulting sector has claimed 31% share in placement 2020 with The Boston Consulting Group, McKinsey & Co., Bain & Co., Kearney, PricewaterhouseCoopers and Accenture emerging as top recruiters. IIM Calcutta has not shared the highest salary package for PGP 2018-20 batch which will be awarded MBA degree instead of post graduate diploma. The highest salary at IIM Calcutta was Rs.75 lakhs last year. 

Key Highlights in Placement 2020
Following are the key highlights of IIM Calcutta Placement 2020:

• Average salary increased to Rs.28 LPA from Rs.25.36 LPA last year
• Median Salary has gone up at Rs.25.5 LPA
• All time High Average Salary for top 10% students at Rs.54.5 LPA
• Average Salary for top 25% students shot up to Rs.41.8 LPA
• Number of students participated in Placement 2020: 439
• Number of Recruiters making placement offers: 136
• Total number of offers made: 492
• 31% Batch Placed in Consulting and 17% in Finance domains
• Top recruiters include The Boston Consulting Group, McKinsey & Co., Bain & Co., Kearney, PricewaterhouseCoopers and Accenture

Key Trends in IIM-C Placement 2020
IIM Calcutta has refrained from sharing the complete salary statistics for the Placement 2020. However, the last three years analysis of average salary reflects a consistent rising trend in higher compensation packages offered at IIM Calcutta year after year:

Top Recruiters
IIM Calcutta has shared the top recruiters and among them The Boston Consulting Group, McKinsey & Co., Bain & Co., Kearney, PricewaterhouseCoopers and Accenture have emerged as top recruiters in consulting domain which was the highest recruiting sector with 31% offers.

17% share in placement was from Finance sector. 83 offers were made by marquee Finance and Private Equity-Venture Capital (PE-VC) firms. Bank of America Merrill Lynch, Barclays, Goldman Sachs, Arga Investment Management, Gaja Capital, JP Morgan Chase and others offered leading roles to the IIM Calcutta students.

30% of the total offers were made for General Management and Sales and Marketing roles. Prominent companies in the finance sector included TAS, Aditya Birla Group, Mahindra & Mahindra, Reliance, Vedanta, TrueNorth, Hindustan Unilever, Colgate-Palmolive, ITC, Mondelez, FIITJEE among others.

A contribution of 22% to overall placement offers was made in Product Management, IT/Analytics and Operations domains. Some of the prominent recruiters in this domain were Microsoft, Google, Salesforce, Amazon, Flipkart, Udaan, EXL Service, American Express, HCL, UnitedHealth Group (Optum), Mastercard among others.

“Dream” and “Wait and Hold” Options
The fast Placement 2020 at IIM Calcutta is a result of initiatives taken during last one year. Students at IIM Calcutta co-developed a scheduling system which increased efficiency and ensured maximization of interface opportunities between students and recruiters.

IIM Calcutta offered “Dream" and “Wait and Hold" options to allow its students to realise their full potential at a top institute. Recruiters could also select from a larger pool and make offers to the most suitable candidates as per their choice.

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 4 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 and IIM Indore are the only two Management Institutes in India with 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. 

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