IIM Calcutta summer placements: 100% students placed; Get 570 offers

NEW DELHI: The Indian Institute of Management Calcutta has concluded its summer internship placements with 100% students getting placed and achieving 570 offers for 476 students.

“This Placement drive was completely virtual and saw the expansion of Hold & Wait (50 extra offers), Dreams (36 extra offers) policies which allowed all students to hold multiple offers and enabled companies to find a better Company-Student fit,” a statement from IIM Calcutta said.

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The Placement Season concluded with students receiving average and median monthly stipends upwards of INR 1.4 Lakh, with the top 25% percentile (in terms of stipend offered) of students receiving stipends higher than INR 2 Lakhs per month.

The finance sector saw hiring in higher numbers (121 students) followed by the Consulting sector (120 students) for the spot of top recruiting sectors; these two sectors together making 50% of total hiring, the IIM Calcutta statement said.

Some of the top financial recruiters included 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 made for 19% and 13% of total recruitment respectively with companies like Aditya Birla Group, Hindustan Unilever Limited, ITC, Mahindra, Mondelez, Nestle, Procter & Gamble, Star Disney, Tata Administrative Services being amongst the top recruiter in this sector.

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

Prof. Uttam Kumar Sarkar, Director, IIM Calcutta said, “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.”

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Preksha Malhotra (58th batch) said: “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.”