Summer Placements for 56th batch, class of 2021

IIM Calcutta repeated its feat of 100% summer placements for the 56th batch of 480 of the MBA programme.136 participating firms offered nearly 200 roles to the class of 2021. Several students exercised “Dream” options that allowed them to secure multiple offers from the choicest recruiters.

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.

PGDBA – 4th Batch Summer Internship

The 4th batch (2018-2020) has successfully concluded its summer internship placement process with various organizations across industries participating with fervor for handpicking candidates suitable for both data-driven and business driven analyst roles, within half a day placing all 57 students. In line with prior trends, this year's internship remunerations witnessed substantial growth. The average monthly stipend rose to INR 1,31,087.00, registering a growth of 15.4% as compared to last year. The median monthly stipend surpassed last year's figure by 12.5% and reached INR 1,25,000.00. The highest monthly stipend was recorded at INR 1,72,000.00. Top firms focusing on analytics turned out to be the most preferred recruiters. The major recruiters were namely DE Shaw & Co, MasterCard, Amazon, PwC DIAC, Mondelez, McKinsey, Airtel and Play Games.

According to Professor Prashant Mishra, Dean (New Initiatives & External relations), “The significance of IIM Calcutta's PGDBA Summer Internship 2019 is the presence of major recruiters in the Business Analytics domain, which essentially underlines our commitment to the industry in providing right candidates in the analytics domain. Introducing this programme has been an innovative initiative of three internationally reputed institutions of higher education - IIM Calcutta, IIT Kharagpur and ISI, which has delivered high impact learning for the participants.”

“PGDBA has carved its own niche amongst aspirants and recruiters. It bolsters IIMC’s position among top B-schools. We are pleased with the placement results because they vindicate our focus on academic excellence.” remarked Professor Abhishek Goel, Faculty and Placement Convener of the PGDBA program from IIM Calcutta.

DPR student Amit Jain – PDRF at CDI-HSG

Amit Jain is currently working as a Postdoctoral Research Fellow with Center for Disability and Integration (CDI-HSG) at University of St.Gallen. The work involves spearheading one of the research projects along with other team members and also to provide support to some of the ongoing projects. It has been a learning opportunity for him as he get to know about disability research being conducted in Europe and thus see the cross-cultural effect. It is also providing him an opportunity to interact and work with people from different nationalities. The University also allows him to enhance his academic skills through various trainings and workshops

He got the opportunity to do this fellowship through the Swiss Govt. Excellence Scholarship (ESKAS). Awarded by the Federal Commission for Scholarships for Foreign Students (FCS) of Swiss Confederation. The postdoctoral fellowship was awarded to four students from India after a rigorous selection process based on research proposal, past academic background and recommendation of the host professor.

DPR student Shalini received 'Best Doctoral Student Paper Award'

A paper authored by our DPR student, Ms. Shalini under the guidance of her thesis advisor Prof. Dharmaraju Bathini, has won the 'Best Doctoral Student Paper Award' at the 79th Annual Meeting of the Academy of Management (AoM) 2019, Boston, Massachusetts. The paper explores the case of app-based cab companies in India.

DPR Student Varun Jindal’s Research Papers

A paper-based on one of the chapters of the thesis work of our doctoral student, Varun Jindal, and co-authored with one of his joint thesis advisors, Prof. Rama Seth, has been published in the October 2019 issue of the Journal of Corporate Finance – an ABDC A* and ABS 4 journal. The paper titled, "A New Order of Financing Investments: Evidence from Acquisitions by India's Listed Firms", proposes a new order of financing investments based on the considerations of control and financial constraints in markets with business groups, and finds empirical support for the same based on a sample of acquisitions made by listed firms in India.

Another co-authored work by our doctoral student, Varun Jindal, along with Prof. Raj Aggarwal and Prof. Rama Seth, has been published in the December 2019 issue of International Business Review – an ABDC A and ABS 3 journal. This paper, which is titled “Board Diversity and Firm Performance: The Role of Business Group Affiliation”, brings out business group affiliation as an important contextual/confounding factor in the relation between board diversity and firm performance. This paper emphasizes that the failure to account for any contextual factors, such as the affiliation of a firm with some business group, in the board diversity-performance relationship can lead to ambiguous results.