IIM Calcutta completed its summer internship placement week for the 59th batch of MBA on 21st October by securing 540 offers for 470 students. This Placement drive, which moved back to offline mode after two years, saw the expansion of Hold & Wait (29 extra offers) and Dreams (33 extra offers) policies. This enabled companies to find a better Company-Student fit and all students could hold multiple offers. The consulting sector recruited the highest (165 students), followed by the Finance sector (115 students), and the two industries accounted for 59% of the total hires. The campus welcomed the participation from top financial institutions Bank of America, JPMorgan Chase, Macquarie Group, Morgan Stanley and leading consulting firms like Accenture Strategy, Bain & Co., Boston Consulting Group, Kearney and McKinsey & Co. Sales & Marketing (73 students) and General Management (76 students) combined accounted for 32% of total hires, with companies like Aditya Birla Group, Coca Cola, Dabur, Hindustan Unilever Limited, ITC, Mahindra, Mondelez, Nestle, Procter & Gamble, Tata Administrative Services being amongst the top recruiter in this sector. Top software services and E-commerce brands continued their strong showing accounting for nearly 7% of hires. Top recruiters included Amazon, Apple, Hotstar, Flipkart, Google and Media.net.
The Placement Season concluded with students receiving average monthly stipend of INR 1.59 Lakh and median stipend of INR 1.5 Lakh, with the top 25% percentile (in terms of stipend offered) of students receiving monthly stipends on average of INR 2.24 Lakhs. Rajath Bhatt (59th batch) said, “Being the first batch of the post-Covid era, a few uncertainties came with it. However, the summer placement process was very smooth and impeccable. The Placement Team worked hard to bring in a wide variety of firms offering diverse roles and ensured a seamless process. The entire process was student-centric and scheduled in a very systematic manner. The post-placement feeling is just surreal”. Surabhi Arya (59th batch) said, “The batch’s three months’ worth of effort fructified in our placement week. I have seen my peers put in their best efforts right from making their CVs to repping for the interviews, and I am glad that we all, together, stand proud now. We all have immense gratitude towards the Placement Team and all our seniors who stood with us every step and worked night and day to make our placements a success”. Prof. Uttam Kumar Sarkar, Director, IIM Calcutta said, “Heartiest congratulations to our 59th batch MBA students on exhibiting their superior performance leading to yet another year of excellent summer placement! Thanks to the recruiters for continuing to demonstrate their confidence in IIM Calcutta. I also thank the CDPO team for having facilitated the placement so smoothly”. Prof. Nimruji Prasad Jammulamadaka, Chairperson, CDPO said, “A well-deserved celebration for our students. The results are testimony to the confidence of students and recruiters in IIM Calcutta’s quality and process. It is our endeavour at the Career Development and Placement Office to consistently ensure a smooth, fair and transparent process that ensures recruiter and student satisfaction.”