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IIM-C betters placement scoresheet
News Desk, Indian Institute of Management Calcutta
Indian Institute of Management, Calcutta, has kept up its track record in big-bucks jobs. The placement process which began on March 8 ended on Tuesday with an impressive scoresheet.
The number of firms participating in the campus interviews crossed the 100 mark again this year with around 107 companies making a beeline to hire from the batch of 290 PGP students at IIM-C.
As many as 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.
Of the foreign job locations which IIM-C grads accepted, the bulk are in the United Kingdom, USA and the Asia Pacific region. The Middle East and many European countries are other major locations offered to the students. But India still remains the preferred destination for a majority of the students with most choosing to stay here and participate in the great Indian growth story.
The average domestic salary this year was Rs 16.4 lakh per annum. But that’s only the beginning. The highest package this year is in the range of Rs 65 lakh to Rs 70 lakh per annum, offered by a leading international investment bank. Another highlight this year is that Mckinsey has offered the profile of an associate to a fresh IIM-C grad.
The finance domain is still one of the most preferred sectors, with 34% of the IIM-C 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. As many as 32 investment bank offers were made to students in the slot zero investment banks.
Consulting firms were preferred by 26% of the students during the placements. An impressive count of 42 offers were made by slot zero consulting firms on campus. Major consulting groups like Mckinsey, Bain, BCG, AT Kearney and AD Little hired in good numbers.
"A record 22 new companies were a part of the placement process this year, which is testimony to the fact that the managerial talent of the students of IIM Calcutta is widely recognized" said S D Moitra, chairperson, placement committee.
Some of the firms coming to the campus for the first time included O3 Capital, Dawnaday, Ocean Oil, Lodha Group, Anand Rathi and Opera Solutions.
The campus also saw the participation of marketing giants like PnG and HUL. Other marketing firms on campus included Nokia, ITC, Nestle and Asian Paints, who also hired in good numbers.
From Times of India dated 14 Mar 2008 (http://timesofindia.indiatimes.com/IIM-C_betters_placement_scoresheet/articleshow/2863773.cms)
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