KOLKATA: Recession fears were firmly put to rest at IIM Calcutta as the institute completed its summer placements in six days, notwithstanding a
batch size of 407 students, the largest ever across all IIMs. As many as 61 students bagged international offers in such locations as New York, London, Hong Kong, Singapore, Dubai and South Africa, with the possibility of more getting confirmed soon.
Some 140 companies showed interest in hiring from IIMC, up from last year’s 110. Finance ruled the roost with 43% of the students opting for offers from this sector. This included 80 offers from 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.
The Royal Bank of Scotland made the largest number of offers from any investment bank, by taking in 11 students, closely followed by Barclays Capital and Bank of America – Merrill Lynch. Some of the other financial biggies who made their presence felt included Nomura, UBS, Credit Suisse, JP Morgan Chase, HSBC Global, Macquarie, Rothschild, Morgan Stanley, Deutsche Bank and Goldman Sachs.
Leading consultancy firms included McKinsey, Bain, BCG and AT Kearney while private equity firms were back with Baring Private Equity Partners and first-time exclusive recruiter Mount Kellett Capital Management.
Marketing and general management firms included HUL, P&G, Diageo, Tata Administrative Services (TAS), Aditya Birla and Edelweiss. Besides leading finance firms like American Express, Citibank, Standard Chartered, HSBC India and DBS India, other big players were Cadbury, Coca Cola, Pepsi and RPG Group.
marketing firms recruited 50% more than last time, picking 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, 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 like Premier Managemeny Group and Globosport.
Earlier, keeping the large batch size -- a 33% increase over last year -- in mind, IIM Calcutta had said that it would keep the placement process open as long as students were without offers. However, the process got wrapped up in the standard six days. IIMC follows a one-offer policy in its summer placements: students are not required to apply for firms they aren’t interested in, and they are out of the process once they accept an offer.
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