Thaindian News

Kolkata, March 10 (IANS) The finance sector ruled the final placements process at the Indian Institute of Management-Calcutta (IIM-C) with renowned firms from the field making up 31.3 percent of the offers.

“IIM-Calcutta is known as the ‘Finance Campus of India’, and this year the finance sector contributed the largest number of offers, nearly 31.3 percent. Finance was closely followed by the consulting and marketing sectors,” Pritish Gandhi, recruitment coordinator, IIM-C, told mediapersons here.

“International investment banks like UBS, Morgan Stanley, Citigroup, Deutsche Bank and Bank of America hired students from IIM-C. Students have already received pre-placement offers (PPO) from firms like Goldman Sachs, Morgan Stanley and Royal Bank of Scotland,” said Gandhi.

“This year Japanese Investment Bank and Daiwa Securities recruited exclusively from IIM-Calcutta and extended offers to six students,” said Gandhi

Consulting firms like Mckinsey and Company, Boston Consulting Group (BCG), Bain and Company and AT Kearney and Essex Lake Group also recruited exclusively from IIM-Calcutta during the March 3-7 final placement process.

“All 383 students who participated in the placement process had successfully received job offers by the end of the fifth day,” said Gandhi.

For students with considerable work-experience, lateral placements in senior positions saw a huge increase of 57.6 percent in the number of offers, up from 92 last year to 145 this year.

More than 50 firms participated in the lateral placement process, including recruiters like Barclays Bank, Olam International, Google, Microsoft, Amazon and Shell.

They hired in “unprecedented numbers” after modest hiring or completely giving a miss to placements during the recession period, said Gandhi.

The highlight of the lateral placement process was the participation of private equity firm Gaja Capital, which recruited exclusively from IIM-Calcutta and selected three students. Additionally, MCap Fund Advisors also visited the campus for lateral recruitments.

The IIM-Calcutta this year also introduced “deferred placements” process wherein students who want to pursue entrepreneurship, work in social sector, join a government organisation involved in national service or pursue higher education are allowed to sign out of current placement process and join it anytime in the next 3 years.