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Close on the heels of achieving global recognition in terms of top accreditations and rankings, the Indian Institute of Management, Calcutta (IIM-C) wrapped up its summer placements by placing over 450 students of the batch of 2014-16 in just over 2.5 days.
According to IIM-C, of the total batch size of 462 at the institute, 11 opted out of placements, while 451 were recruited for summer internships, with Amazon emerging as the highest recruiter at 22 offers. What’s more, about 378 offers were made in Slot 0 itself, which comprises Day 0 and Day 1.
On the other hand, IIM Ahmedabad (IIM-A) concluded summer internship placements for its post graduate programme in agri-business management (PGP-ABM) on Saturday even as the process continues for its flagship programme PGP. About 46 students out of the total PGP-ABM batch of 49 sought placements through IIM-A and were placed in less than a day. The rest three students opted out of summer placements to pursue their own business idea under the mentorship of Centre for Innovation Incubation and Entrepreneurship (CIIE) as a part of summer internship.
At IIM-C, the maximum offers after Amazon were made by consulting majors Accenture (17) and The Boston Consulting Group (15). The consulting domain saw 38 offers being made by the likes of McKinsey& Company, BCG, Bain& Company and A.T.Kearney, the highest in the last 3 years. Roland Berger, Europe’s no.1 consulting firm recruited from IIM Calcutta for the first time.
While IIM-C follows the slot system for conducting placements, IIM-A follows the cluster system wherein each cluster has one or more cohorts of recruiting sectors. So far, IIM-A has concluded two clusters while the third will be conducted on Monday, November 17, 2014.
Other sectors recruiting at IIM-C were finance, FMCG, e-commerce, media and analytics, among others. Leading banks like Citi Bank, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch, Goldman Sachs, UBS, Credit Suisse, Deutsche Bank, BNP Paribas, HSBC and Standard Chartered among others recruited for their front-end Investment Banking, Private Equity and Global Markets and Corporate Banking roles whereas Moelis& Co, Funds India, Decimus Financial, etc. hired exclusively from IIM-C.
The FMCG sector saw participation from industry majors such as Hindustan Unilever Ltd, Proctor & Gamble, Mondelez International, Asian Paints, PepsiCo, Coca Cola, L’Oreal, Reckitt Benckiser, Marico, Johnson & Johnson and Kellogg’s participating in summer placements, while the general management sector comprised names like Tata Administrative Services, Mahindra and Mahindra, Aditya Birla Group, CK Birla Group and Airtel as recruiters. The Middle-east based Retailing giant M.H. Alshaya Co. recruited 13 IIM-C students who would intern at their Kuwait and Dubai locations.
Media houses and analytics recruiters included Star, Times Group, HT Media, Zee Media, EXL and Cognilytics.
“The continued faith of recruiters in our students’ quality has encouraged all of us at campus. While we at IIM Calcutta will continue to work hard and strive to achieve even better results in the future, the performance can be attributed to the confidence of the corporate world in IIM Calcutta, the academic standards set in the institute and continuous efforts and support of placement team, professors and alumni,” said Rajiv Kumar, placement chairperson at IIM-C.
At IIM-A’s summer placements, over 25 companies participated in the placement process for PGP-ABM batch which attracted a diverse pool of recruiters, ranging from MNCs to small and medium enterprises. “Summer Placements match between recruiters and ABM students was held on Saturday on IIM-A campus. As many as 25 agribusiness firms stepped-on the pitch with IIMA fielding 46 students,” said Satish Deodhar, Chairperson of Placement Committee, IIM Ahmedabad.
