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IIM-Calcutta has managed to complete its summer placements, securing internship offers for all the 465 students enrolled for the first year of its flagship management program.
Around 155 firms came to recruit and 441 students secured job offers at the end of just 3 days. This is for the first time that the management institute has achieved this feat in such a short span of time.
“Despite the economic slowdown, the institute saw an unprecedented 282 offers in the first two days of the process itself (Slot 0) from the top firms across sectors. Leading banks like JP Morgan Chase, Bank of America Merrill Lynch, Royal Bank of Scotland, Citi Group, HSBC, Credit Suisse, Nomura, Goldman Sachs and Standard Chartered among others recruited for Investment Banking, Equities Research, Sales and Trading and Global Markets. McKinsey and Co, Boston Consulting Group, Bain and Co, AT Kearney, and Accenture Management Consulting were the top recruiters from the consulting domain,” the institute said in a statement.
Among others, FMCG majors like Hindustan Unilever Ltd, Proctor & Gamble, Mondelez International, Nestle, Asian Paints, Johnson and Johnson, Coca Cola, PepsiCo, L’Oreal, Kellogg’s offered roles in Marketing and Sales. TAS, Aditya Birla Group, Mahindra and Mahindra, Shell, Reliance Industries Limited, C K Birla Group, and Cairn Energy selected students for General Management roles.
Despite negative sentiments prevailing all around, this year’s placement season at IIM C is being seen as a positive indication as several niche finance roles were offered by financial services firms such as Macquarie Group, Multiples Equity, Mizuho Securities, Monsoon Capital and Clearwater Capital.
