IIM Calcutta achieves 100% MBA summer placements; Rs 1.93 lakh average stipend, McKinsey, BCG among recruiters

The Indian Institute of Management (IIM) Calcutta has completed its summer placements for the 63rd batch of its two-year Master of Business Administration (MBA) programme, with all 475 students getting placed. The institute reported its highest-ever average monthly stipend of Rs 1.93 lakh and a median monthly stipend of Rs 2 lakh.

Alok Kumar Rai, Director, IIM Calcutta , said, “These outcomes reinforce industry’s continued trust in the IIM Calcutta brand, the quality of our talent pool and the relevance of our industry-aligned curriculum. I congratulate our students and thank our corporate partners for their continued confidence. Our strong alumni network also deserves recognition for its active involvement in mentoring students and preparing them for their professional journeys.

The IIM Calcutta summer placement process saw 546 offers from 156 companies, which concluded ahead of schedule during Cluster 3. According to the institute, the placement season also recorded the highest number of Cluster 1 offers since the introduction of its cluster-cohort placement framework.

Also read Section of JBIMS grads without jobs, say placement team ‘not taking responsibility’; B-school blames students

Consulting, finance lead summer placements

Consulting was the largest sector, accounting for 220 offers, or 40.29 percent of the total. Recruiters included Accenture Strategy, Bain & Company, Boston Consulting Group (BCG), Kearney, McKinsey & Company, Alvarez & Marsal and Roland Berger.

The finance sector accounted for 127 offers, representing 23.26% of the total. Roles covered investment banking, private equity, venture capital, financial markets, asset and wealth management, and corporate finance. Participating firms included Goldman Sachs, Bank of America, J.P. Morgan, HSBC, UBS, Jefferies, Avendus and Moelis & Company.

General management and marketing roles together accounted for 158 offers, or 28.94 percent of the total. Recruiters in these segments are Aditya Birla Group, Airtel, Godrej, Hindustan Unilever, ITC, Nestlé, Procter & Gamble and Tata Administrative Services.

Technology, digital and product management roles also got recruiters namely Amazon, American Express, Google, Microsoft and Salesforce.

Also read IIM Fees vs Placements: Soaring cost, stagnant salaries, students in debt

IIM Calcutta welcomes 51 first-time recruiters

The institute also recorded participation from 51 companies that took part in its summer placement process for the first time. These included Asian Paints, Gridlines, L.E.K. Consulting, L’Oréal, Mondelez International, Raine Group, Samara Capital and UKG.

Reflecting on his experience, Varun M Pai, who secured an internship with Goldman Sachs in Global Banking & Markets, FICC & Equities Trading (HKG/SGP), said, “IIM Calcutta opened doors to an extraordinary range of opportunities this placement season across sectors, functions and geographies.

Anukriti, who got a Product Management internship with Microsoft, said, “Securing my summer internship at Microsoft would not have been possible without the collective support of the IIM Calcutta ecosystem. I am deeply grateful to everyone who played a part in this journey.”

Radhika Garodia, who got placed in a Summer Consultant role at L.E.K. Consulting, also highlighted the range of career options available to students, including consulting, marketing and general management.