Pre-Placement Offers Pour in at IIM Calcutta
Fast on the heels of the excellent final placements of the 2014 batch, there has been a record start to the pre-placement offers at IIM Calcutta this year. As of August first week, 78 students on campus have received such offers. The count stands at 78 offers with 58 PPOs (Pre-Placement Offers) and 20 PPIs (Pre-Placement Interviews). The total offers last year was 58 by the corresponding period which means a 34% increase. With 454 students in the batch of 2013-15, the 78 figure by August start is a healthy indication of the excellent skill sets being developed at IIM Calcutta.
The management consulting firms yet again led the way in terms of the total number of offers made to the candidates. The Top 4 consulting firms: Mckinsey, BCG, Bain and A T Kearney in total gave 24 offers out of 31 candidates. McKinsey & Co and The Boston Consulting Group gave the maximum number of offers in this domain with 8 and 7 respectively. A.T.Kearney gave PPOs to all the IIM Calcutta students who interned with them, which is quite encouraging. The General Management domain also saw pre-placement offers from highly coveted firms such as Tata Administrative Services (TAS) and the Aditya Birla Group. Philips gave 3 PPOs and 2 PPIs which is the highest across all B-schools. Pepsi gave out 3 offers across its Sales & Marketing and Finance divisions, which is a 100% conversion rate. Alshaya, a top retail franchise operator in the Middle East gave 8 PPOs. Other companies that made offers include Bosch, Nestle, Shell, Vodafone and iNautix.
The finance campus of India continues to maintain its excellent record with Deutsche Bank being the first bank to roll-out pre-placement offer. More pre-placement offers are expected from investment banks in the following months. On the other hand, pre-placement interview offers came from the likes of Mondelez, KPMG, L'oreal, Medtronics and HCL. "Companies seem to be realising the importance of summer internship program and are hiring more through the PPO route. The current figures show an improvement in the economic situation as well as the profiles of the students at IIM Calcutta", said Prof. Rajiv Kumar, the Placement Chairperson of IIMC. Last year students at IIM Calcutta received 112 PPOs in total by the end of the year and we are expecting an increase in this number. After an exceptional show at the Final placements of the 2012-14 batch, these numbers reinforce the faith the firms across industries have on the students of IIM Calcutta.
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