Final Placements at IIM Calcutta See Influx of Firms from Middle-East

IIM Calcutta wrapped up its Final Placements season for 2006-07 in great style, with records tumbling all over the place. While it lived up to its record of placing the largest batch of students across all IIMs (251 students this year) in the shortest time across all IIMs, it also set new parameters to judge the success of B-school placements in the process.

Records Keep Tumbling Down

89 students took up Slot 0 offers this time, up from 64 last year, which is yet again, a record for Indian B-schools. The highest foreign salary offered to any management student ever on Indian soil went to an IIMCian this year - US$ 250,000. This offer was made to two students by a leading investment bank for their New York desk. Of course, the previous record of US$ 221,000 also belonged to IIMC.

Hefty Pay Packets

The highest domestic salary offered was a whopping Rs. 40 Lakhs. Unlike most B-schools, these were not mere outliers, proven by the staggering rise in the domestic average salary in Slot 0 to Rs. 20.9 Lakhs from Rs. 14.8 Lakhs last year.

India Calling

The total number of foreign accepted offers reached an all-time high of 58. But the most heartening aspect of the placement season has been the preference shown by many students for domestic offers. Over a dozen students rejected overseas offers to stay back in India though in the same industries and companies, pointing towards a healthy trend in recruitment at the top B-school. This is mainly due to the booming growth story of India and the surge of the investment banks and consults into Indian soil.

New Recruiters & the Finance Stronghold

Apart from the usual suspects - world's leading strategy consulting firms and investment banks - there were several firms that chose to recruit exclusively from the Calcutta campus. Value Partners, Optiver, BNP, among others, decided to give all other B-schools a by and pick all their fresh recruits from IIM Calcutta.

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