Economy

IIM-C completes placement process

Our Bureau Kolkata | Updated on March 10, 2011 Published on March 10, 2011

The Indian Institute of Management, Calcutta (IIM-Calcutta), which completed the final placement for 383 students of the 2009-11 batch, expects the average salary of the present batch to remain same as that of the previous year.

Mr Pritish Gandhi, placement coordinator of IIM-Calcutta, said: “We expect salaries to remain in the same range as last year despite a 38 per cent increase in student intake.”

This year the largest number of offers, 31.3 per cent, came from the finance sector that included UBS, Morgan Stanley, Citigroup, Deutsche Bank and Bank of America, ICICI Securities, India Infoline and Allegro.

The finance sector was followed by offers from the consulting sector (23.7 per cent) with firms such as Mckinsey & Co, BCG, Bain & Co, Essex Group and AT Kearney, recruiting a large number of students.

Essex Lake Group recruited exclusively from IIM-Calcutta. Feedback Ventures, Hewitt and EXL Services also made offers.

Marketing offers

The marketing sector received around 21.6 per cent of the total offers with FMCG major Procter and Gamble recruiting for their sales and marketing department. Other recruiters in the sector include Hindustan Unilever, ITC, J&J Consumer Products, Nokia and Kraft Cadbury.

Tata Administrative Services (TAS) and Dabur made offers for their business leadership and business development programmes.

LATERAL PLACEMENTS

Lateral placements, for students with work experience, saw a 57.6 per cent increase in the number of offers – from 92 last year to 145 this year.

Over 50 firms that participated in the lateral placements process included Barclays Bank, Olam International, Google, Microsoft, Amazon and Shell.

Private equity firm Gaja Capital, which recruited exclusively from IIM-Calcutta, selected three students.

The IIM-Calcutta this year also introduced a “deferred placements” process where students who want to pursue entrepreneurship, work in the social sector or join a government organisation are allowed to sign out of the current placement process. These students will be eligible for placements in the next 3 years.

Five students signed up for the deferred placements programme, the institute said in its placement report.

Published on March 10, 2011
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