Indian Institute of Management Calcutta
Summer Placements at IIM Calcutta close on a record-breaking note
Kolkata, 16th November 2014 Close on the heels of achieving global recognition in terms of top accreditations and rankings, IIM Calcutta has followed it up by placing over 450 students of the batch of 2014-16, one of the largest across all IIMs, in a record time of just over 2.5 days.
The statistics gain lustre as we put it under the microscope. Detailed analysis has revealed that a phenomenal 378 offers (more than the batch size of many prominent IIM) were made in Slot 0 - consisting of Day 0 and Day 1 - which is an all-time record across the IIM’s. This has also been a clear indication of the overall optimism prevailing in the economy and the superior quality of student inflow into the institute. IIM Calcutta played host to many new recruiters during the summer placements, prominent among them being Moelis & Co, Roland Berger and Alvarez & Marsal.
The Consulting domain remains in the pink of health with 38 offers being made by McKinsey & Company, BCG, Bain & Company and A.T. Kearney, the highest in the last 3 years. Roland Berger, Europe’s no.1 consulting firm recruited from IIM Calcutta for the first time. The maximum offers in the consulting sector was made by Accenture with 17, closely followed by The Boston Consulting Group at 15.
Bullish hiring by the finance firms has helped IIM Calcutta solidify its position as "The Finance campus of India." Leading banks like Citi Bank, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch, Goldman Sachs, UBS, Credit Suisse, Deutsche Bank, BNP Paribas, HSBC and Standard Chartered among others recruited for their front-end Investment Banking, Private Equity and Global Markets and Corporate Banking roles. One of the highlights is a significant increase in the number of offers from investment banking divisions of various banks. Moelis & Co, Funds India, Decimus Financial, etc. hired exclusively from IIMC. Offers from finance contributed to 25% of the total offers.
The FMCG sector saw participation from industry majors such as Hindustan Unilever Ltd, Proctor & Gamble, Mondelez International, Asian Paints, PepsiCo, Coca Cola, L’Oreal, Reckitt Benckiser, Marico, Johnson & Johnson and Kellogg’s which recruited for their Sales & Marketing division. The General Management sector had Tata Administrative Services, Mahindra and Mahindra, Aditya Birla Group, CK Birla Group and Airtel recruiting students. The Middle-east based Retailing giant M.H. Alshaya Co. recruited 13 students who would intern at their Kuwait and Dubai locations.
The e-commerce boom in India translated into bumper offers being rolled out by Amazon as it emerged as the overall top recruiter with 22 offers being made across various leadership and Operations roles. Media houses like Star, Times Group, HT Media, Zee Media recruited in big numbers. Analytics offers were made by the likes of EXL and Cognilytics.
Prof. Rajiv Kumar, the Placement Chairperson of IIM Calcutta says "I am very happy to note that we had fantastic results this year. The continued faith of recruiters in our students’ quality has encouraged all of us at campus. But we at IIM Calcutta will continue to work hard and strive to achieve even better results in the future." In conclusion, this stellar performance can be attributed to the confidence of the corporate world in IIM Calcutta, the academic standards set in the institute and continuous efforts and support of placement team, professors and alumni.
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