Indian Institute of Management, Calcutta

 

IIM Calcutta finishes with the best all round placements 2006

 

Placements at IIM Calcutta came to an end on 17 March, reaffirming it as the top choice of recruiters across all industries such as investment banking, consulting, marketing, manufacturing and IT. From the 114 companies that had confirmed participation for the placements, only 89 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, global manufacturing giant Johnson Electric and Rabo Bank 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 Lacs, 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 twenty seven 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.

 

IIM Calcutta: Intellectual Haven

IIM-C had the unique distinction of placing students across every profile in Investment Banking: pricing, structuring, trading, sales, strategy and advisory. True to Calcutta’s legendary intellectualism, IIM Calcutta’s students have become the first to be offered quantitative roles in NY and London by bulge bracket banks that have traditionally gone to American doctorates in Mathematics. A case in point is Abhinav Vikram (IIT JEE rank 31, 100 percentile in CAT), who holds the unique distinction of being awarded the prestigious AV Birla scholarship twice and has been hired for pricing exotics in London. Another IIM Calcutta student became the first ever hire from any IIM for a proprietary trading position for a bulge bracket investment bank in NY. IIM-C’s pre-eminence in finance was also reaffirmed by the carte blanche given by investment banks to many “hot” candidates to choose any international location and profile. Also, Bloomberg, which powers international banking platforms, has hired massively for positions in NY.
(click here for special report "IIMC - Bastion of Finance")

 

IIM Calcutta: Focused and go-getter

High end consulting retained its stronghold on campus. Some of the brightest students like Abhimanyu Ganesh and Arpit Badjatya turned down their international investment banking PPO’s to take up management consulting jobs in India. Top tier consulting firms like McKinsey, Boston Consulting Group, AT Kearney etc hired 17 students.

 

IIM Calcutta: Serving the old order and the new

While the services sector hogged most of the limelight, the old economy also made a big splash at laterals hiring at IIM Calcutta. The global steel giant LN Mittal (more offers than the other two top IIMs combined) and Johnson Electric picked up students for international placements in various roles ranging from general management to supply chain and project management. Johnson Electric’s exclusive recruitment for four international positions at IIM Calcutta bears testimony to IIM Calcutta’s continued dominance in operations and supply chain management. Overall, the campus witnessed an astounding lateral season with 72 accepts out of more than 150 offers, international offers in excess of USD 100,000 (a first for any campus) and eight international offers (highest across all campuses).

 

IIM Calcutta: The place to be

Finally, IIM-C has come of age on Wall Street, the mecca of high finance, as it witnesses the arrival of 30 IIM C graduates (15 full time hires and 15 summer interns) across bulge bracket banks. Bankers from the top-most echelons of the global financial industry were deeply impressed by the caliber of IIM-C students and commented that their knowledge and aptitude for finance was of a level that they expect from a professional working in the industry for a significant period of time. Other global commercial centers like London, Hongkong, Tokyo and Singapore will also be swamped by over 70 IIMC Grads this summer.

 

 

 

Slot zero accepts company wise

 

Companies	Accepts
ABN AMRO	7
AMERIPRISE	2
AT KEARNEY	3
BARCLAYS CAPITAL	2
BCG	5
BLOOMBERG	6
BNP PARIBAS	1
CREDIT SUISSE	2
DEUTSCHE BANK	2
DIAMOND CLUSTER	1
HSBC	1
LEHMAN	5
MITTAL STEEL	3
McKINSEY	6
MERRILL LYNCH	11
SUN GROUP	1
UBS	6
Total	64

 

 

Apart from the slot zero companies, foreign offers were also made by firms in other slots by companies like ICICI Bank, Inductis, Procter and Gamble, Johnson Electric, Techspan and DBS.

 

Appendix-1: Students’ Profile (Educational background)

 

Architecture	1
Arts	7
CA/CFA/ICWA	4
Commerce	12
Engineering	213
Management	3
Sciences	9

 

Appendix-4: Lateral hiring snapshots

 

Accepts	72	*
Number of International Offers	8	*
Average Domestic salary	9.6 Lakhs
Highest International Offer	103,000 USD
* : Highest across ALL campuses

 

 

Appendix-5: Slot 0 demography

 

 

Highest Domestic Salary	INR 23 Lakhs
Highest International Salary	152,000 USD

 

 

Appendix 6: Slot 1 demography

 

 

Highest Domestic Salary	INR 16.75 Lakhs
Highest International Salary	125,000 USD

 

Appendix 7: Slot 2 Offer demography

 

 

Highest Salary	INR 12.5 Lakhs
Average Salary	INR 8.48 Lakhs

 

Appendix-8: List of new recruiters

 

Company Name	Description
ABN Amro HK	International Investment Banking sector leader
Ameriprise	Financial Services Consulting
Bloomberg	Global financial services
Credit Suisse	Investment Banking
CSFB - India	Investment Banking
Dell	Analytics arm of Dell International
Diamond Cluster	Niche Technology Consulting
ECS	Supply chain consulting specialist
Essar Group	Leading Indian Conglomerate
Feedback Ventures	Infrastructural Consulting
Hexaware Technology	leading technology and IT services provider
Hinduja Group	Leading international conglomerate
IDFC	Specialist financial infrastructure intermediary
Johnson Electric	World’s leading manufacturer of motors
Lehman (for finals)	Reputed global Investment Bank
Merill Lynch (for finals)	Reputed global Investment Bank
Oracle	Leading ERP Solutions provider
Pepsi	International Cola Giant
Reach Technologies	Information Technology Solutions major
Reliance Industries Limited	India’s largest private business house
RPG	One of India’s largest industrial conglomerates
SAP	Major player in business solutions consultancy
Techspan	Leaders in business solutions
Trilogy	Leading provider of technology powered business services
UBS India	Dominant player in Investment Banking Division
US Tech	Global IT and BPO services provider