Description
IIM Calcutta’s Summer Placement process for the batch of 2011-2013 kicked off on
November 7, 2010. The number of students in the batch was 458, making this the largest
batch in the history of any IIM. Keeping in mind the increase in the batch size the placement strategy this year was modified to focus on inviting new recruiters to campus. Also, another major shift in strategy was to modify the tight 5-day process adopted last year to a comparatively relaxed 5-day process followed by a rolling process so as to accommodate
the huge increase in the number of firms visiting the campus this year
INDIAN INSTITUTE OF MANAGEMENT CALCUTTA
BATCH OF 2011-13 SUMMER PLACEMENT REPORT
Overview
IIM Calcutta’s Summer Placement process for the batch of 2011-2013 kicked off on November 7, 2010. The number of students in the batch was 458, making this the largest batch in the history of any IIM. Keeping in mind the increase in the batch size the placement strategy this year was modified to focus on inviting new recruiters to campus. Also, another major shift in strategy was to modify the tight 5-day process adopted last year to a comparatively relaxed 5-day process followed by a rolling process so as to accommodate the huge increase in the number of firms visiting the campus this year. The total number of firms that visited the campus for Summer Placements this year was a record 160. This number includes a record 66 first time recruiters. The rolling process was conducted to ensure that candidates and firms both get a good understanding of what is offer since many of these firms were visiting campus for the first time. The initial 5-day process was a slot-based process wherein each slot lasted for two days. Slot-0 took place on the 7th and 8th of November, Slot-1 was spread out on the 9th, 10th and 11th of November. Following the slot-based process, the rolling process commenced on 14th November and culminated on 18th November with the successful placement of all the 443 students who wished to take offers from the process. 15 students chose to explore other opportunities. To give a brief idea of the profiles of the students, the batch of 2011-13 had 68% students with prior work experience. The average work experience of the batch is 18 months. The batch had a total of around 92% engineers apart from doctors, economics graduates, naval architects, botanists & accountants, amongst others. Among the students with prior work-experience, 45% had experience in Systems, 10% in Finance, 6% in Consulting, 14% in Power & Manufacturing and the remaining were spread out in various sectors. 4% of the students in the batch are overseas candidates.
The Summer Placement Process of 2011
Slot Zero Slot Zero saw a total of 217 students accepting offers for their internships, an unprecedented number of offers in Slot-0 so far. This number is in fact higher than last year’s number in-spite of concerns of downturn this time, primarily owing to the participation of new recruiters many of whom have recruited for international locations from India for the first time. Some of the big names that participated for the first time in Slot 0 are Deutsche Bank (hiring for their London office after many years), Japan-based Investment Bank Daiwa, Portugal based investment bank Espirito Santo, Middle-East based boutique investment bank Alpen Capital, Private Equity firm Headland Capital, Metals trading firm Duferco
(Switzerland roles), international consulting firms GEP (Global eProcure), Frost & Sullivan (Singapore roles), Oil major Cairn Energy, Dubai based Supermax, Cinepolis (Mexico based movie chain). In addition to this, the first day of Slot 0 saw the participation of all our established long-term recruiting partners including bulge-bracket investment banks such as Goldman Sachs, Morgan Stanley, UBS, JP Morgan (all of which have hired for multiple locations including London, Hong Kong, New York, Singapore, Mumbai); Consulting majors such as McKinsey, Bain, BCG, AT Kearney; Private Equity firms including Jacob Ballas, Clearwater Capital Partners, Multiples Private Equity etc. The second day of Slot 0 was dominated by some of the aforementioned new recruiters and our regular recruiting partners such as consulting firms Accenture, Deloitte, Feedback Ventures; FMCG majors including Hindustan Unilever, Proctor & Gamble, Kraft Cadbury, Nestle, Pepsi, Coca Cola, ITC, J&J Consumer India etc; and other highly reputed organizations such as Tata Administrative Services (TAS), Amazon, Middle-east based Alshaya, Aditya Birla Group (ABG), Hewitt, Hay Group, American Express, Microsoft, Edelweiss among others. Slot One Slot One which included the 3rd, 4th and 5th days saw a never before seen diversity in terms of sectors. Internet based phenomena including Flipkart, GroupOn, Plinga (Germany based Social Gaming firm) were seen on campus for the first time along with regular recruiters like Yahoo, Infoedge on the 3rd day establishing the dominance of this sector in today’s scenario. Consulting offers were given out by firms like KPMG, Cognizant, Wipro, Synergy Consulting while ICICI, Madison Street Capital, UAE Exchange and others gave out offers in finance. FMCG firms that participated include Marico, Heinz, Glaxo Smith Kline, Perfetti. Telecom majors including Airtel, Vodafone, Aircel along with Media firms like Times Group (which offered roles in Marketing and Brand Capital), Medical devices firms like Medroinc, Becton Deckinson and Singapore-based design consultancy firm Space Matrix added to the variety of roles that were on offer on the 3rd day of Placements. The 4th and 5th Days saw companies like RIL, RPG, Tata Steel back on campus to recruit in big numbers while new recruiters like Dr. Reddy’s, HDFC, NIIT, Cummins, Raymond, Novartis, Cleartrip, Helion VC, Indus League, Edenred, Citrus Payments, Channelplay, Genesis Colors, Hector Beverages, Youth4Work among others made their presence felt. Slot One also saw an unprecedented number of International offers including some locations wherein students from Indian B-schools are being hired for the first time. Rolling process Following the Slot-based process, the rolling process was commenced. The rolling process saw a participation of 30 firms. As mentioned before, the rolling process initiative was implemented for the first time keeping in mind the huge number of first-time recruiters on campus to ensure that both students and firms get ample time to interact so as to result in the best possible student-firm fit. The rolling process added to the diversity of roles in offer
with a good percentage roles being offered by start-ups and NGOs. Some of the firms that participated include McDonald’s, Sharekhan, StoveKraft, Future Capital, Hanmer MS&L, General Mills and some of the NGOs that were invited include Teach for India and CRY. A few students had expressed interest to intern with PSUs as a result of which a few PSUs like Bank of Baroda, SIDBI were invited. International Offers Over 85 students will be interning in international locations. Internship locations offered include London, New York, Germany, Hong Kong, Singapore, Malaysia, Thailand, Switzerland, Brazil, Kuwait, Dubai, Vietnam and South Africa. Sector-wise Information Finance In-spite of talks about a global downturn, a phenomenon that was expected to hit the Banking industry the most, IIM Calcutta was visited by all bulge bracket Investment Banks reaffirming the faith that the industry has on our campus. Many bulge brackets Investment Banks chose to visit IIM Calcutta over the other top B-schools a fact that again goes to show why IIM Calcutta is known as the ‘Finance campus of India. Deutsche Bank recruited for their London office after a long gap. Major firms including Barclays Capital, Credit Suisse, Goldman Sachs, Nomura, BoA Merrill Lynch, Morgan Stanley, JPMC, HSBC (Global), Citigroup and French investment bank BNP Paribas, Japan-based Daiwa and others recruited for their offices based in International Financial hubs like London, New York, Hong Kong and Singapore. On the first day of the process, RBS was the largest recruiter with 15 offers. Other major recruiters included Metals trading firm Duferco (Switzerland), Boutique investment banks such as Alpen Capital (Dubai), Madison Street Capital and Private Equity firms Headland Capital, Jacob Ballas Capital, Multiples PE, Clearwater Capital also hired from the campus, offering a variety of finance roles. Consulting Consulting was one of the top picks for students at IIM Calcutta this year. BCG, Bain, McKinsey, and AT Kearney were back on campus recruiting in big numbers (24 which is greater than last year’s count). Niche consulting firm GEP (Global eProcure) which focuses on Supply Chain consulting hired for the first time from the campus. Frost & Sullivan recruited interns from IIM Calcutta for their Singapore office for the first time. Other firms that hired for consulting roles include Accenture, Alshaya, Feedback Ventures, Deloitte and KPMG. Among consulting firms the maximum number of offers was made by McKinsey (8 offers). Marketing & General Management
Regular FMCG recruiters Hindustan Unilever, P&G, Kraft Cadbury, Nestle, and ITC were back this year, recruiting students in large numbers. ITC (7 offers) was the largest FMCG recruiter. Other major firms that recruited for Sales & Marketing roles include Coca Cola, Pepsi, J&J, Cairn Energy, SuperMax, Airtel, Vodafone, GSK and Marico. Tata Administrative Services (TAS) hired interns for its hugely successful leadership programme. Among Indian majors, the Aditya Birla Group, Mahindra & Mahindra and the RPG group offered general management roles. Highlights ? ? ? ? ? Hosted highest number of firms on campus ever during Summer Placements: 160 firms Hosted highest number of first-time recruiters ever during Summer Placements: 66 firms Hosted all bulge bracket Investment Banks (some of these firms did not visit other top Bschools) Re-introduced the option of NGOs/Start-ups and PSUs through rolling process for students who were keen to pursue summer internship in such firms Increased diversity of opportunities available for students so as to enable students to comfortable choose the internship destination of their choice
Conclusion The 2011 Summer Placement process has been a historical achievement for IIM Calcutta. Defying concerns of a downturn, the successful placement of the largest batch ever reaffirms the trust that recruiters place on the institute. The change in Placement strategy (from the compressed 5-day process to a 5-day process followed by a rolling process) would be an important precedent for the future where the batch size is expected to become even higher. There has been a considerable increase in the diversity of internship profiles offered to students this year in terms of opportunities to intern with new firms in new sectors. We would like to thank all those involved in making the Placement Process a grand success. Without the help of the alumni, faculty and recruiters and the cooperation of the media, this would not have been possible.
doc_364889550.pdf
IIM Calcutta’s Summer Placement process for the batch of 2011-2013 kicked off on
November 7, 2010. The number of students in the batch was 458, making this the largest
batch in the history of any IIM. Keeping in mind the increase in the batch size the placement strategy this year was modified to focus on inviting new recruiters to campus. Also, another major shift in strategy was to modify the tight 5-day process adopted last year to a comparatively relaxed 5-day process followed by a rolling process so as to accommodate
the huge increase in the number of firms visiting the campus this year
INDIAN INSTITUTE OF MANAGEMENT CALCUTTA
BATCH OF 2011-13 SUMMER PLACEMENT REPORT
Overview
IIM Calcutta’s Summer Placement process for the batch of 2011-2013 kicked off on November 7, 2010. The number of students in the batch was 458, making this the largest batch in the history of any IIM. Keeping in mind the increase in the batch size the placement strategy this year was modified to focus on inviting new recruiters to campus. Also, another major shift in strategy was to modify the tight 5-day process adopted last year to a comparatively relaxed 5-day process followed by a rolling process so as to accommodate the huge increase in the number of firms visiting the campus this year. The total number of firms that visited the campus for Summer Placements this year was a record 160. This number includes a record 66 first time recruiters. The rolling process was conducted to ensure that candidates and firms both get a good understanding of what is offer since many of these firms were visiting campus for the first time. The initial 5-day process was a slot-based process wherein each slot lasted for two days. Slot-0 took place on the 7th and 8th of November, Slot-1 was spread out on the 9th, 10th and 11th of November. Following the slot-based process, the rolling process commenced on 14th November and culminated on 18th November with the successful placement of all the 443 students who wished to take offers from the process. 15 students chose to explore other opportunities. To give a brief idea of the profiles of the students, the batch of 2011-13 had 68% students with prior work experience. The average work experience of the batch is 18 months. The batch had a total of around 92% engineers apart from doctors, economics graduates, naval architects, botanists & accountants, amongst others. Among the students with prior work-experience, 45% had experience in Systems, 10% in Finance, 6% in Consulting, 14% in Power & Manufacturing and the remaining were spread out in various sectors. 4% of the students in the batch are overseas candidates.
The Summer Placement Process of 2011
Slot Zero Slot Zero saw a total of 217 students accepting offers for their internships, an unprecedented number of offers in Slot-0 so far. This number is in fact higher than last year’s number in-spite of concerns of downturn this time, primarily owing to the participation of new recruiters many of whom have recruited for international locations from India for the first time. Some of the big names that participated for the first time in Slot 0 are Deutsche Bank (hiring for their London office after many years), Japan-based Investment Bank Daiwa, Portugal based investment bank Espirito Santo, Middle-East based boutique investment bank Alpen Capital, Private Equity firm Headland Capital, Metals trading firm Duferco
(Switzerland roles), international consulting firms GEP (Global eProcure), Frost & Sullivan (Singapore roles), Oil major Cairn Energy, Dubai based Supermax, Cinepolis (Mexico based movie chain). In addition to this, the first day of Slot 0 saw the participation of all our established long-term recruiting partners including bulge-bracket investment banks such as Goldman Sachs, Morgan Stanley, UBS, JP Morgan (all of which have hired for multiple locations including London, Hong Kong, New York, Singapore, Mumbai); Consulting majors such as McKinsey, Bain, BCG, AT Kearney; Private Equity firms including Jacob Ballas, Clearwater Capital Partners, Multiples Private Equity etc. The second day of Slot 0 was dominated by some of the aforementioned new recruiters and our regular recruiting partners such as consulting firms Accenture, Deloitte, Feedback Ventures; FMCG majors including Hindustan Unilever, Proctor & Gamble, Kraft Cadbury, Nestle, Pepsi, Coca Cola, ITC, J&J Consumer India etc; and other highly reputed organizations such as Tata Administrative Services (TAS), Amazon, Middle-east based Alshaya, Aditya Birla Group (ABG), Hewitt, Hay Group, American Express, Microsoft, Edelweiss among others. Slot One Slot One which included the 3rd, 4th and 5th days saw a never before seen diversity in terms of sectors. Internet based phenomena including Flipkart, GroupOn, Plinga (Germany based Social Gaming firm) were seen on campus for the first time along with regular recruiters like Yahoo, Infoedge on the 3rd day establishing the dominance of this sector in today’s scenario. Consulting offers were given out by firms like KPMG, Cognizant, Wipro, Synergy Consulting while ICICI, Madison Street Capital, UAE Exchange and others gave out offers in finance. FMCG firms that participated include Marico, Heinz, Glaxo Smith Kline, Perfetti. Telecom majors including Airtel, Vodafone, Aircel along with Media firms like Times Group (which offered roles in Marketing and Brand Capital), Medical devices firms like Medroinc, Becton Deckinson and Singapore-based design consultancy firm Space Matrix added to the variety of roles that were on offer on the 3rd day of Placements. The 4th and 5th Days saw companies like RIL, RPG, Tata Steel back on campus to recruit in big numbers while new recruiters like Dr. Reddy’s, HDFC, NIIT, Cummins, Raymond, Novartis, Cleartrip, Helion VC, Indus League, Edenred, Citrus Payments, Channelplay, Genesis Colors, Hector Beverages, Youth4Work among others made their presence felt. Slot One also saw an unprecedented number of International offers including some locations wherein students from Indian B-schools are being hired for the first time. Rolling process Following the Slot-based process, the rolling process was commenced. The rolling process saw a participation of 30 firms. As mentioned before, the rolling process initiative was implemented for the first time keeping in mind the huge number of first-time recruiters on campus to ensure that both students and firms get ample time to interact so as to result in the best possible student-firm fit. The rolling process added to the diversity of roles in offer
with a good percentage roles being offered by start-ups and NGOs. Some of the firms that participated include McDonald’s, Sharekhan, StoveKraft, Future Capital, Hanmer MS&L, General Mills and some of the NGOs that were invited include Teach for India and CRY. A few students had expressed interest to intern with PSUs as a result of which a few PSUs like Bank of Baroda, SIDBI were invited. International Offers Over 85 students will be interning in international locations. Internship locations offered include London, New York, Germany, Hong Kong, Singapore, Malaysia, Thailand, Switzerland, Brazil, Kuwait, Dubai, Vietnam and South Africa. Sector-wise Information Finance In-spite of talks about a global downturn, a phenomenon that was expected to hit the Banking industry the most, IIM Calcutta was visited by all bulge bracket Investment Banks reaffirming the faith that the industry has on our campus. Many bulge brackets Investment Banks chose to visit IIM Calcutta over the other top B-schools a fact that again goes to show why IIM Calcutta is known as the ‘Finance campus of India. Deutsche Bank recruited for their London office after a long gap. Major firms including Barclays Capital, Credit Suisse, Goldman Sachs, Nomura, BoA Merrill Lynch, Morgan Stanley, JPMC, HSBC (Global), Citigroup and French investment bank BNP Paribas, Japan-based Daiwa and others recruited for their offices based in International Financial hubs like London, New York, Hong Kong and Singapore. On the first day of the process, RBS was the largest recruiter with 15 offers. Other major recruiters included Metals trading firm Duferco (Switzerland), Boutique investment banks such as Alpen Capital (Dubai), Madison Street Capital and Private Equity firms Headland Capital, Jacob Ballas Capital, Multiples PE, Clearwater Capital also hired from the campus, offering a variety of finance roles. Consulting Consulting was one of the top picks for students at IIM Calcutta this year. BCG, Bain, McKinsey, and AT Kearney were back on campus recruiting in big numbers (24 which is greater than last year’s count). Niche consulting firm GEP (Global eProcure) which focuses on Supply Chain consulting hired for the first time from the campus. Frost & Sullivan recruited interns from IIM Calcutta for their Singapore office for the first time. Other firms that hired for consulting roles include Accenture, Alshaya, Feedback Ventures, Deloitte and KPMG. Among consulting firms the maximum number of offers was made by McKinsey (8 offers). Marketing & General Management
Regular FMCG recruiters Hindustan Unilever, P&G, Kraft Cadbury, Nestle, and ITC were back this year, recruiting students in large numbers. ITC (7 offers) was the largest FMCG recruiter. Other major firms that recruited for Sales & Marketing roles include Coca Cola, Pepsi, J&J, Cairn Energy, SuperMax, Airtel, Vodafone, GSK and Marico. Tata Administrative Services (TAS) hired interns for its hugely successful leadership programme. Among Indian majors, the Aditya Birla Group, Mahindra & Mahindra and the RPG group offered general management roles. Highlights ? ? ? ? ? Hosted highest number of firms on campus ever during Summer Placements: 160 firms Hosted highest number of first-time recruiters ever during Summer Placements: 66 firms Hosted all bulge bracket Investment Banks (some of these firms did not visit other top Bschools) Re-introduced the option of NGOs/Start-ups and PSUs through rolling process for students who were keen to pursue summer internship in such firms Increased diversity of opportunities available for students so as to enable students to comfortable choose the internship destination of their choice
Conclusion The 2011 Summer Placement process has been a historical achievement for IIM Calcutta. Defying concerns of a downturn, the successful placement of the largest batch ever reaffirms the trust that recruiters place on the institute. The change in Placement strategy (from the compressed 5-day process to a 5-day process followed by a rolling process) would be an important precedent for the future where the batch size is expected to become even higher. There has been a considerable increase in the diversity of internship profiles offered to students this year in terms of opportunities to intern with new firms in new sectors. We would like to thank all those involved in making the Placement Process a grand success. Without the help of the alumni, faculty and recruiters and the cooperation of the media, this would not have been possible.
doc_364889550.pdf