IIMC Continues to Break Records

Placements at IIM Calcutta came to an end on 17 March, with recruiters coming in from all across industries such as investment banking, consulting, marketing, manufacturing and IT. 89 companies could pick up students from campus and students were placed within a record time with 249 students having 505 offers to choose from.

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 HK (7), Bloomberg NY (6), BCG (5) Credit Suisse (2), and Ameriprise (2). The private equity firm SUN Group and global manufacturing giant Johnson Electric recruited exclusively at IIM Calcutta. Even in the last slot, the compensations offered touched a whopping high of 12.5 lakhs.

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). IIM Calcutta saw twenty seven new firms recruiting this year including Merrill Lynch and Lehman Brothers (for finals), ABN AMRO HK, Bloomberg, Ameriprise, Diamond Cluster, Johnson Electric and UBS India.

IIM-C’ saw a 100% Pre Placement Offer 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-C had the unique distinction of placing students across every profile in Investment Banking: pricing, structuring, trading, sales, strategy and advisory. 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 the 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. Bloomberg, which powers international banking platforms, has hired massively for positions in NY.

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.

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. 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-C witnesses the arrival of 30 IIM C graduates (15 full time hires and 15 summer interns) across bulge bracket banks.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
ABNAMRO	7
AMERIPRISE	2
ATK	3
BARCLAYS	2
BCG	5
BLOOMBERG	6
BNP	1
CSFB	2
DB	2
DIAMOND CLUSTER	1
HSBC LONDON	1
LEHMAN	5
LNM	3
MCK	6
MERRILL LYNCH	11
SUNGROUP	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, Inductis, Procter and Gamble, Johnson Electric, Techspan and DBS

{pagebreak}

Students’ Profile (Educational background)

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

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

Slot 0 demography

Highest Domestic Salary	INR 21 Lakhs + bonus
Highest International Salary	152,000 USD

Slot 1 demography

Highest Domestic Salary	INR 14.5 Lakhs + bonus
Highest International Salary	110,000 USD + 15,000 USD (bonus)

Offer demography

Highest Salary	INR 12.5 Lakhs
Average Salary	INR 8.48 Lakhs