IIM Calcutta: 100 per cent placement in summer internship placement week

The Indian Institute of Management (IIM) Calcutta completed its summer internship placement week for its 58th batch on October 30 with a record- breaking 570 offers for 476 students.

A total of 142 companies participated in the virtual placement drive that saw the expansion of Hold & Wait (50 extra offers), Dreams (36 extra offers). All students were allowed to hold multiple offers, enabling companies to find a better company-student fit.

Bucking the perennial trend, the finance sector saw hiring in higher numbers (121 students), narrowly pipping the consulting sector (120 students) for the top recruiting of top. The two sectors together accounted for 50% of the total hires.

The campus welcomed participation from top financial institutions, including Bank of America, Blackstone, Macquarie and top consulting firms like Accenture Strategy, Bain & Co., Boston Consulting Group, McKinsey & Co.

Sales and marketing and general management accounted for 19% and 13% of total hires respectively with companies like Aditya Birla Group, Hindustan Unilever Limited, ITC, Mahindra, Mondelez, Nestle, Procter & Gamble, Star Disney, Tata Administrative Services being among the top recruiters in this sector.

Major software services and e-commerce brands continued their strong showing, accounting for nearly 10% of hires. Top recruiters included Adobe, Amazon, Flipkart, Google and Microsoft. The students continued to show interest in new-age start-ups like Byju’s, Navi Technologies, OLX, Swiggy and Unacademy.

The placement season concluded with students receiving average and median monthly stipends upwards of Rs 1.4 lakh, with the top 25% percentile (in terms of stipend offered) of students receiving stipends higher than Rs 2 lakh per month.

“There is a sense of euphoria in the batch post the culmination of summer placements. The placement team worked hard to not just get more firms offering better roles but also introduced student friendly policies. The process was entirely online and was run without any glitches,” said Preksha Malhotra of the 58th batch.

Batchmate Paarth Aurora said, “Joining an MBA programme and quitting a stable job amid the second wave of COVID put us all in a precarious situation but achieving such unprecedentedly successful placements, that too in online mode, has filled everyone with delight. Our persistent efforts have all been worth it.”

“It is very heartening to see that the hard work of one and all in the IIM Calcutta community once again led to 100% summer placements. Kudos to the placement team’s efforts and dedication. We thank recruiters for continuing to repose faith in what Joka has to offer,” said professor Chetan Joshi, chairperson (career development and placement committee).

Manish Thakur, dean (new initiatives and external relations), said: “The summer placements this year resonate well with IIM Calcutta’s consistently superlative performance in terms of placements, something that the recent BT-MDRA B-School Ranking 2021 has specifically taken note of.”

“This was yet another year of highly satisfying summer placements leading to spontaneous celebration by students. Congratulations to the recruiters and the students on a mutually rewarding association,” said professor Uttam Kumar Sarkar, director, IIM Calcutta.