IIM Calcutta Final Placement 2021: Average Salary Up at Rs.29 LPA; Accenture, BCG biggest Recruiters; Consulting and Finance contribute 50% offers

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MBAUniverse.com News Desk |
March 8, 2021
IIM Calcutta has concluded its final placement 2021 for its largest batch of 467 participating students getting 520 offers from 172 recruiters. Average Salary has gone up at Rs.29 LPA from Rs.28 LPA last year. Consulting sector has again claimed highest share in recruitment with 32% placement. Accenture Strategy and the Boston Consulting Group emerged as the top recruiters
IIM Calcutta Placement 2021

IIM Calcutta has concluded its final placement 2021 for its 56th batch of PGP class 2021 with 520 offers made by 172 recruiters to the large batch of 467 participating students. Achieving yet again 100% placement from top recruiters, the average salary in Placement 2021 has gone up at Rs.29 LPA from Rs.28 LPA. While Consulting sector alone has claimed 32% share in placement 2021 with Accenture, Boston Consulting Group emerging as top recruiters, the consulting and Finance domains have contributed around 50% share in placement 2021. 

IIM Calcutta will award MBA degree instead of PGDM to the passing out PGP 2019-21 batch. The highest international salary at IIM Calcutta is Rs.80 lakhs and highest domestic salary in placement 2021 is Rs.60 lakhs. 

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Key Highlights in Placement 2021
Following are the key highlights of IIM Calcutta Placement 2021:

  • The whole placement process was conducted virtually amid the pandemic.
  • Achieves 100% placement for the class 2021 with more offers despite the largest batch
  • Average salary increased to Rs.29 LPA in Placement 2021 from Rs.28 LPA last year
  • Median Salary has gone up at Rs.27 LPA from Rs.25.5 LPA last year
  • All time High Average Salary
  • Number of students participated in Placement 2021 icreased to 467 from 439 last year
  • Number of Recruiters making placement offers increased to 172 from 136 last year
  • Total number of offers increased to 520 from 492 last year
  • 149 students comprising 32% Batch Placed in Consulting domain
  • Finance & Consulting together have 50% share in Placement 2021
  • Accenture, Boston Consulting Group emerge as top recruiters

Key Trends in IIM-C Placement 2021
IIM Calcutta has shared the salary statistics for the Placement 2021. The last four years analysis of highest and average salary reflects a consistent rising trend in higher compensation packages offered at IIM Calcutta year after year:

Placement year
Highest Salary (Rs.in lakhs)
Average salary (Rs. in lakhs)
2021
Intl: 80
Domestic: 60
29.00
2020
80
28.00
2019
72
25.36
2018
75
24.2
2017
70
20.0

Top Recruiters
Accenture and Boston Consulting Group have emerged as top recruiters. Other prominent recruiters at IIM-C placement 2021 include Kepler-Cannon, Arthur D. Little, Goldman Sachs, Bank of America, Hindustan Unilever, Procter & Gamble, ITC, Vedanta, Adani Group, Reliance India Limited, Boehringer, Ingelheim, Xiaomi,  Microsoft, Amazon, Flipkart, Paytm among others

Sector Wise Placement Highlights
Consulting and Finance comprised more than 50 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 32% Share
Like last year, Consulting Sector emerged as the top recruiting domain in IIM Calcutta placement 2021 with 149 students comprising 32% of the batch getting offers in this sector. Accenture Strategy and The Boston Consulting Group emerged as the top recruiters followed by  Kepler-Cannon and Arthur D. Little who were among the first-time top recruiters in this cohort.

Finance: 19% Share
IIM Calcutta, the most preferred MBA college in Finance area recorded 19 percent students getting offers in Finance domain in Placement 2021 as against 17%  last year. 90 students were selected by top Investment Banking, Asset Management, Private Equity Venture Capital firms. In terms of number of students placed in this domain, Goldman Sachs and Bank of America were the top two recruiters.

E-Commerce & IT: 24% Share
E-commerce and Software services companies hired big from IIM Calcutta in Placement 2021. Amazon, Microsoft,  Flipkart, Paytm among others recruited 111 students comprising 24% of the batch for various Product Management and FinTech roles. Among the first time recruiters, Navi technologies emerged as prominent recruiting company.

General Management and Marketing: 15% Share
Roles offered in General Management and Marketing domains are less in Placement 2021 than last year. Last year 30% of the batch got placement offers in these areas. However, in the placement 2021 the share has come down to 15%. Top recruiters in this domain included Hindustan Unilever, Procter & Gamble, ITC, Vedanta, Adani Group, Reliance India Limited. Prominent New recruiters in this domain included Boehringer, Ingelheim, Xiaomi among others.

Other Prominent Recruiting Sectors
Manufacturing, Power, Services, Government firms among others comprised the other prominent key recruiting domains with several recruiters.

“Dream” and “Wait and Hold” Options
The fast Placement 2021 at IIM Calcutta is a result of initiatives taken during last two 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 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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