IIM-C Comes of Age on Wall Street, Places 30 Grads Across Bulge Bracket Banks
Final Press-release

Placements at IIM Calcutta came to an end on 17th March, reaffirming it as the top choice of recruiters across all industries such as investment banking, consulting, marketing, manufacturing and IT. From the 114 that had confirmed participation for the placements, only 89 companies could pick up students from campus as all the students were placed within a record time with 249 students having 505 offers to choose from.

IIM Calcutta: Making New Records

Slot 0 witnessed 64 accepts out of 85 offers. Slot 0 firms that recruited the maximum number of students from IIM Calcutta as compared to other IIMs include global giants like Merrill Lynch (11 accepts), UBS (6), ABN AMRO (7), Bloomberg (6), BCG (5) Credit Suisse (2), and Ameriprise (2). The private equity firm SUN Group and global manufacturing giant Johnson Electric recruited exclusively at IIM Calcutta. Even in the last slot, the compensations offered touched a whopping high of 12.5 lakhs. This figure is indicative of the huge jump in salaries seen across all slots at IIM Calcutta. It is also significant that of the 77 foreign offers, which were made across slots, 51 were accepted.

While IIM Calcutta retains the record for the highest package ever of USD 225,000 in 2001, it continues to maintain its leadership in attracting the highest average salary (9.81 Lakhs, domestic only) across campuses; this for the largest batch across the top three IIMs (249 students). Without doubt, this is the best measure of the performance of an entire batch. IIM Calcutta saw 27 new firms recruiting this year including Merrill Lynch and Lehman Brothers (for Finals), ABN AMRO, Bloomberg, Ameriprise, Diamond Cluster, Johnson Electric and UBS India.

Another strong measure of a student's professional caliber is his/her performance during the summer internship where excellence results in a pre-placement offer or PPO. IIM-C's phenomenal performance this year is also evident by 100% PPO conversion rate at top-league banks like Merrill Lynch (7/7), Barclays Capital (3/3) and a significant number at Lehman Brothers, HSBC, JP Morgan, etc.

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