Summer Placements at IIM Calcutta: Finance still rules, 43 percent students opt for jobs in banks

407 students, up from 300 students in 2008 took part in the summer placement process of IIM Calcutta for the batch of 2009-2011. The process, which lasted six days from November 4 to November 9, consisted of three slots, each of two days. 140 companies participated, 30 more than the 110 companies that participated in 2008

The Royal Bank of Scotland made the largest number of offers by any investment bank, by taking in 11 students. It was closely followed by Barclays Capital and Bank of AmericaMerrill Lynch (BoA-ML). Nomura too recruited from campus. Some of the other banks that recruited from the campus were UBS, Credit Suisse, JP Morgan Chase, HSBC Global, Macquarie, Rothschild, Morgan Stanley, Deutsche Bank and Goldman Sachs.

Leading consulting firms like McKinsey, Bain, BCG and AT Kearney took part in the placement process.

Private Equity firms finally returned to IIM Calcutta. Among the prominent ones were Baring Private Equity Partners and Mount Kellett Capital Management. Mount Kellett was a first-time recruiter at IIMC. More importantly, along with Morgan Stanley (London), IIMC was the only college in India it recruited from.

Marketing and general management firms too made their presence felt here. Leading recruiters were Hindustan Unilever, Procter and Gamble, Diageo, Tata Administrative Services (TAS), Aditya Birla and Edelweiss. TAS made an unprecedented 10 offers on campus, making it one of the largest recruiters here.

The college also played host to other highly sought-after recruiters. Some of the leading finance firms were American Express, Citibank, Standard Chartered, HSBC India and DBS India. Other big players were Cadbury, Coca Cola, Pepsi and RPG Group.

Regarding international offers, as many as 61 students have internship offers in locations across the world, such as New York, London, Hong Kong, Singapore, Dubai and South Africa.

Sector-wise Information

Finance dominated the scenario with 43 percent of the students taking up jobs in banks. This included 80 offers in investment banks and private equity firms, as compared to last year’s 58. The Slot Zero consulting firms made 20 offers, up from 16 in 2008.

Marketing firms recruited 50percent more than last time, gathering up more than a quarter of the students in the process. Leading marketing companies like HUL made more offers this year than any other year in recent times.

Apart from media houses like HT Media and Star, the campus was visited by NGOs such as CRY and Akanksha. Public sector firms such as Union Bank of India and SEBI also made internship offers here. For the first time, IIMC played host to sports marketing and event management companies.

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