IIM Calcutta

Updated on February 24, 2000

DAY 1 (23rd Feb.)

IIMC placements are really going great guns!!! 150+ have been hired at the end of Day 1... yes, its true!!! The prominent recruiters on the day included i2 (14), ICICI (12), Arthur Anderson (4), Anderson Consulting (4) apart from a bumper on Day 0. Lucky bums!!!!

The list so far reads like:

Day Zero (22nd Feb.)

As expected, IIMC graduates never had it better than Placement 2000. Hold your breath and read this (and specially those of you who passed out earlier). IIMC grads has had a smashing placement. On Day 0 itself, the top names in investment banking and consulting were making a beeline for the leaders of tomorrow, but this time they could not get all they wished for. Even Mckinsey has to live with 3 rejected offers out of 8 offers it made. (YES, IT IS TRUE!!!). BCG has been more lucky (cent percent acceptance rate with 8 offers). So have been Deustche Bank (8/8), Lehman Brothers (2/2), JP Morgan (2/2), and DSPML (8/8). New York based consulting firm MMG which is offering a package of 100,000+ USD had to live with 2 rejections (out of 6 offers made). The clear trend is in favour of Investment Banks than consulting here.

The Day 0 offers list closed at 50 offers. Salaries has hit the roof (Mckinsey Rs. 9 lakhs, all investment banks USD 100,000+). ICICI landed a day earlier than scheduled and has picked up 12 bakraas at the last count with Rs. 50,000 as joining bonus.

And all of us alumni, we may be all ahead of our times, but this really hits hard. One wonders whether we were born a little too early.

Updated on February 21, 2000

Buoyed by the never before placement season at IIML and other leading MBA campuses, IIMC students are high on spirits and are expecting a bonanza in Placement 2000. Already 100+ companies have confirmed their participation. The average picks per company is expected to be much higher than last year. Large recruiters this time around are going to be old favorites ICICI (made 13 offers at IIML), HLL, SBI Caps, Infosys (made 45 offers last years).

It's placement 2000 at Indian Institute of Management, Calcutta (IIMC). And the number of corporate offering ESOPs has zoomed up compared to previous years. Main reason is the guns blazing IT sector. Infact, seven IT companies have offered ESOPs at entry level, while another two are weighing this incentive at a later stage.

Major corporate are phirangi heavyweights like Microsoft, and desi ones like HCL Technologies and HCL Infosystems. Together with these three companies, Caltiger, Mindtree and Cognizant Technology Solutions have also taken the lead by waving the ESOP flag to get the cream. Darlings of BSE, Infosys and Wipro are also making their presence felt by offering stock options. The maturity periods for ESOPs are three and five years. But certain modifications are on way to allow an employee to offload in case he/she wishes to move to another company. This is done by provisioning for a certain percentage of the stocks to be matured at the end of first year itself. But the major portion of the stocks will mature in the final year.

As a direct fallout of the ESOPs offered by IT sector and the current fad towards IT sectors, traditional heavyweights like HLL, P&G and Asian Paints have pushed up the salaries up substantially, even by their past records.

Leading the pack of recruiters are big bulge investment banks Morgan Stanley Dean Witter, Merrill Lynch, Lehman Brothers which are offering $ 100,000+ packages for jobs on Wall Street. IIMC already boasts some of the biggest names in the consulting world including Mckinsey, BCG, Booz Allen Hamilton.

And on the salary front, green bucks are passe now, and ESOP is the new hot favourite. With host of dotcoms and IT lined up, this placement is going to be the hottest ever. The dotcoms that are coming to IIMC this year include MindTree, CalTiger (ISP provider in Calcutta), Indiainfoline, among others

There has been an all round salary increase by the Companies visiting IIMC. Mckinsey has taken its package to Rs 9 lakhs p.a. Even FMCG giants HLL, P&G have upped the stakes by substantially improving on the package offered last year. The average salary on campus is expected to cross Rs. 5 lakhs p.a. this year.

Going by the trends at other campuses, IIMC is expecting the placement of its entire batch of students to be over in 3 days (in IIML it took 2 days to place a batch of 180 students).

Placements 2001

Read complete story of Placement 2001 as it happened along with analysis and comparison across the B-Schools and segment-wise analysis.

Placements 2002

Read complete story of Placement 200 as2 it happened along with analysis and comparison across the B-Schools and segment-wise analysis.

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