Finance, consulting dominate IIM-C placements

Kolkata: Despite a slowdown in the financial sector, the Indian Institute of Management, Calcutta (IIM-C) continued to draw attractive offers from major international financial hubs during placements this year.

Of the offers, finance constituted the largest chunk at 28.53 percent, according to an IIM-C placement report. Consulting companies also contributed to a significant portion of the pie with 26.80 percent, closely followed by sales and marketing at 22.48 percent and general management at 8.93 percent.

[caption id=“attachment_270830” align=“alignleft” width=“380” caption=“he premier institute said Infosys offered five international positions in the US and London offices of its global sales team. AFP”]  [/caption]

The premier institute said Infosys offered five international positions in the US and London offices of its global sales team and Microsoft offered nine positions.

More from Economy

Inflation likely to be a big focus area for budget 2024, say sources Explained: Will the Bank of Japan break tradition and raise interest rates?

It said despite the slowdown in the finance sector, IIM-C maintained its position as the “finance campus” of the country.

The placement process conducted in slots got completed before time and witnessed the participation of over 50 well-known companies from various sectors, according to an IIM-C statement.

The ‘slot zero’ placement, where the most coveted firms participate, was driven primarily by the finance sector followed by consulting and consumer good makers.

The slot zero finance firms’ compensation generally comprised a fixed component ranging from Rs.30-40 lakh for domestic locations and Rs.40-60 lakh for foreign locations, plus a bonus component ranging from 100 percent to 200 percent.

In the same slot, consulting firms offered around Rs.20-25 lakh as base package plus bonus component for Indian locations, while marketing companies offered in the range of Rs.15-20 lakh for Indian locations.

Internet and e-commerce companies also recruited candidates in large numbers. General Management roles were offered by corporate houses such as Aditya Birla Group, Hinduja, Adani Group, Punj Lloyd, Bosch, and Ericsson among others for their leadership roles.

Students had already received PPOs (pre-placement offers) from firms like UBS, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Barclays Capital, Royal Bank of Scotland, HSBC Global Markets, Rothschild, Credit Suisse, and Nomura among others, the report said.

While 95 pre-placement offers were made to students by companies, where students did their summer internship there were 130 job offers for students with work experience.

Agencies