Unaffected by Global Downturn, 22 New Companies Flock to IIM Calcutta During Final Placements

IIM Calcutta successfully concluded its final placements process on the 11th of March. The process which began on 8th March came to a close on the 4th day of placements with all students who participated in the process being offered jobs of their choice across
sectors. The participation of firms on campus crossed the 100 mark again this year with around 107 companies making a bee-line to hire from the batch of 290 PGP students at IIM Calcutta.

A total of 243 offers had already been made to the students before the beginning of the final placements. This included 153 offers made during the laterals process and the 90 pre-placement offers (PPOs) that were awarded for excellent performance during the summer internship. The foreign job locations accepted span a huge and diverse geographic spread with assignments in UK, US and the Asia Pacific region comprising the bulk. The Middle East and other European countries are other major locations offered to the students. India still remained the preferred destination for a majority of the students with many choosing to stay here and participate in the great Indian growth story.

Global Downturn Does Not Affect Recruitment

Notwithstanding the downturn in the financial sector worldwide, IIM Calcutta has been able to leverage its brand equity in the finance domain with 34% of the batch opting for jobs in the financial sector. Some of the top notch firms which hired students from the batch of 2008 include Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, ING, JP Morgan and Barclays, amongst others. There have been a total of 32 I-bank offers made to students here by Slot Zero investment banks.

Consulting firms were preferred by 26% of the students during the placements. As many as 42 offers were made by the Slot Zero consulting firms on campus. Major consulting groups like Mckinsey, Bain, BCG, AT Kearney and Arthur D. Little hired in good numbers.

New Companies Flock to Campus

The other interesting part of the placement scene is the amount of new companies which came to campus this year to recruit bright young talent. "A record 22 new companies were a part of the placement process this year, which is a testimony to the fact that the managerial talent of the students of IIM Calcutta is widely recognized," said Prof. S. D. Moitra, Chairperson, Placement Committee, IIM Calcutta.

Some of the firms coming here for the first time include o3 Capital, Dawnaday, Ocean Oil, Lodha Group, Anand Rathi and Opera Solutions amongst others.

Next