IIM Calcutta Summer Placements 2019 for the MBA Batch of 2019-21 have successfully completed in record time. While Average stipend is not officially disclosed, it is expected to be in the range close to INR 1.75 lakh per month. 136 participating firms offered roles to the class of 2021. Several students exercised “Dream” options that allowed them to secure multiple offers from the choicest recruiters.
IIM Calcutta Summer Placements 2019
|Average Stipend||Close to INR 1.75 lakh per month|
|Number of Companies||136|
|Finance and Consulting||43% of the total offers|
|Sales Marketing & General Management||35% of the total offers|
|Product Management, E Commerce||20% of the total offers|
Finance and Consulting firms accounted for 43.2% of the total offers. Several firms also opened international roles including Bank of America Merrill Lynch, Deutsche Bank, Barclays, Hexaware.
Finance majors such as Brookfield, Macquarie, Gaja Capital, Bank of America Merrill Lynch, Barclays, Deutsche Bank, BPEA, Edelweiss, DE Shaw, Avendus actively participated in hiring interns. Citibank (15) closely followed by Goldman Sachs (11) were the largest recruiters in the Banking and Finance sector. The sector also saw first timers including NIIF, Indigrid, White Oak Capital Management among others.
Consulting sector attracted the highest number of offers with participation from majors like McKinsey, Bain, BCG, ATK, KPMG, Mastercard, EY. BCG and Accenture Strategy were the largest recruiters hiring 19 and 17 interns respectively.
IIM Calcutta continued its strong presence in Sales & Marketing and General Management domain which covered 35% of the total pie. Students were also offered leadership roles by conglomerates like Mahindra & Mahindra, TAS, ABG, RPG, Godrej, RIL. FMCG majors such as HUL, P&G, Nestle, ITC, Johnson & Johnson, AB InBev, Mondelēz, Coca-Cola, Asian Paints, Dabur, RP-Sanjiv Goenka Group also participated in the process. HUL was the largest recruiter in the sector with 12 offers.
Product Management, Operations and the E-commerce sector had 20% of the total intern recruits. This segment saw an exceptional rise in the number of hires from IIM Calcutta. Amazon and Microsoft were the major recruiters with 20 and 12 interns respectively. Other major firms include Adobe, Media.Net, Salesforce, Udaan, Cloudtail, Flipkart, Uber, Ola and Oyo.
Several new firms were added across the spectrum to cater to a larger batch size and provide multiple options to the students. The number of participating firms grew by 13.33% which include first timers like Puma, Emami, Cochlear, Atha Group, Valuelabs, Apparel Group.
CDPO Chairperson Prof. Abhishek Goel expressed, “The results this year speak volumes of our small team’s capabilities. The speed at which we are able to get about 500 internship offers is phenomenal and unprecedented. That we are able to do this by following due processes in a transparent manner is very satisfying.”
Dr. Prashant Mishra, Dean – New Initiatives and External Relations said, “The outcome of the summer placements is testimony of the recruiters continued trust in the exceptional talent and academic excellence at IIM Calcutta. The institute community is extremely happy that our sustained efforts in making the process more student centric has yielded excellent results for the students in availing the most preferred opportunity for themselves”. Prof. Bodhibrata Nag, Acting Director and Dean Academic congratulated the team, “The results indicate recruiters’ faith in brand IIMC, and our commitment to pursuing excellence in all fields of engagement.”