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Sunday, 10 February 2019

IIM Calcutta records 100% placement with Rs 25.36 lakh average CTC

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Although only 441 students were enrolled in the 54th batch of institute's flagship Post-Graduate Programme in Management (PGP), as many as 501 jobs offers were made to IIM Caclutta students. (Photo courtesy: IIM Calcutta)
It is a herculean task to find suitable white collar jobs in India, for youngsters are seen complaining about it and the government is launching schemes every other day. Amid this chaos, IIM Calcutta, one of the premier B-Schools in India, has set an example by achieving 100 per cent placement record on the first day, a statement from the institute said.

Companies that participated

  • AT Kearney
  • Bain & Co
  • The Boston Consulting Group
  • McKinsey & Co
  • EY-Parthenon
  • Alvarez & Marsal
  • PwC
  • Accenture
  • Goldman Sachs
  • Bank of America Merrill Lynch
  • CitiBank
  • JP Morgan Chase
  • Deutsche Bank
  • Avendus
  • Amazon
  • Uber
  • Udaan
  • Media.Net
  • Flipkart
  • Microsoft
  • Salesforce
  • Aditya Birla Group
  • Mahindra
  • Wipro
  • Hindustan Unilever.
Although only 441 students were enrolled in the 54th batch of institute's flagship Post-Graduate Programme in Management (PGP), as many as 501 jobs offers were made from 123 companies participated from several sectors.
Hence, the number of job offers clearly show that a student has gotten more than one job offer.

Distribution of jobs in several sectors

According to the IIM release, 15 per cent of the batch received more than one offer. Also, 50 per cent of offers were from the consulting (29 per cent) and finance (21 per cent) sectors. New-age companies in e-commerce, operations and product management also attracted a fair chunk (16 per cent) of the class of 2019 with 68 offers accepted. As many as 24 offers were accepted by Accenture.
A large number of students were hired in general management (14 per cent), sales and marketing (12 per cent) and IT-analytics (8 per cent).

Average salary offered

The average CTC (cost to the company) was Rs 25.36 lakh and the median Rs 23.5 lakh, marking an increase of Rs 1.16 lakh and Rs 1.5 lakh, respectively.
"At IIM Calcutta, we were not worried about 100 per cent placement. We focused on our preparation and learning. A hard-working student can easily secure an offer of choice," a student told IANS.
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