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Summer Placements at IIM Calcutta: Finance still rules, 43 percent students opt for jobs in banks

iim calcutta.gif407 students, up from 300 students in 2008 took part in the summer placement process of IIM Calcutta for the batch of 2009-2011. The process, which lasted six days from November 4 to November 9, consisted of three slots, each of two days. 140 companies participated, 30 more than the 110 companies that participated in 2008

The Royal Bank of Scotland made the largest number of offers by any investment bank, by taking in 11 students. It was closely followed by Barclays Capital and Bank of America“Merrill Lynch (BoA-ML). Nomura too recruited from campus. Some of the other banks that recruited from the campus were UBS, Credit Suisse, JP Morgan Chase, HSBC Global, Macquarie, Rothschild, Morgan Stanley, Deutsche Bank and Goldman Sachs.

Leading consulting firms like McKinsey, Bain, BCG and AT Kearney took part in the placement process.

Private Equity firms finally returned to IIM Calcutta. Among the prominent ones were Baring Private Equity Partners and Mount Kellett Capital Management. Mount Kellett was a first-time recruiter at IIMC. More importantly, along with Morgan Stanley (London), IIMC was the only college in India it recruited from.

Marketing and general management firms too made their presence felt here. Leading recruiters were Hindustan Unilever, Procter and Gamble, Diageo, Tata Administrative Services (TAS), Aditya Birla and Edelweiss. TAS made an unprecedented 10 offers on campus, making it one of the largest recruiters here.

The college also played host to other highly sought-after recruiters. Some of the leading finance firms were American Express, Citibank, Standard Chartered, HSBC India and DBS India. Other big players were Cadbury, Coca Cola, Pepsi and RPG Group.

Regarding international offers, as many as 61 students have internship offers in locations across the world, such as New York, London, Hong Kong, Singapore, Dubai and South Africa.

Sector-wise Information

Finance dominated the scenario with 43 percent of the students taking up jobs in banks. This included 80 offers in investment banks and private equity firms, as compared to last year’s 58. The Slot Zero consulting firms made 20 offers, up from 16 in 2008.

Marketing firms recruited 50percent more than last time, gathering up more than a quarter of the students in the process. Leading marketing companies like HUL made more offers this year than any other year in recent times.

Apart from media houses like HT Media and Star, the campus was visited by NGOs such as CRY and Akanksha. Public sector firms such as Union Bank of India and SEBI also made internship offers here. For the first time, IIMC played host to sports marketing and event management companies.

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Comments (58)

Leave a Reply
grondmaster
#1 November 12, 2009, 2:42 pm

[quote]For the first time, IIMC played host to sports marketing and event management companies.[/quote]

Would love to know more if the press release has more info on this… Who came, how many particiapted, and how many were taken on board…

naga25french
#2 November 12, 2009, 3:30 pm

event management companies. – thats a good news !

Shivangi Narayan
#3 November 12, 2009, 3:47 pm

@Grondmaster: will find that out and let you know!

shoaibmohamed
#4 November 12, 2009, 4:52 pm

there were students interested in taking sports consulting as a career, some firms were invited on that basis…. while i’ll let the er cell/ placereps confirm on the firms some of the companies that were listed in an article were PMG Sports (run by gavaskar), globosports…

Source: http://economictimes.indiatimes.com/News/News-By-Industry/Jobs/Recession-fears-61-IIM-Calcutta-students-bag-international-offers/articleshow/5220437.cms

P K R
#5 November 12, 2009, 5:27 pm

Though it is nice to read about these different types of companies like sports management, event management, I can bet that these companies are usually called as back-up and not because someone thought that these companies maybe a serious career option for any student. This was especially true last year. Yes, some student may have interest in these careers, but the company is usually brought down to take the students remaining and usually the person interested may not be able to get into these companies since he is already placed. This is just a nice way of putting it across to the media that we have diverse companies in campus. Please avoid taking these press releases at face value!

An IIM A/B/C Student

rik_12
#6 November 12, 2009, 6:59 pm

@ P K R
dude since ur from A/B/C i hope u know theres something that goes on prior to placements called batch profiling..now i can vouch for C..we had an in-depth profiling of the batch where people were genuinely interested in such diverse roles…and people who did get the jobs were the ones who actually expressed interest in taking a shot at such careers…i just hope ur better informed the next time u make such comments on public forums.

Student-IIM C

Sneha
#7 November 13, 2009, 1:42 am

Completely agree with PKR…these firms are always a back up and the way IIMC is projecting is false. Call such firms on Day 0 instead.

shoaibmohamed
#8 November 13, 2009, 9:58 am

Reasons why it isn’t Day 0:

1) For obvious reasons day 0 is the most sought after by all companies, so if suddenly a new company occupies day 0 the companies on day 1,2,3 will be very upset about it and fail to show up.
2) Day 0 companies are almost similar across A,B,C – So if any of the companies are pushed to any other day they will just refuse to come to campus
3) Even companies that make substantial offers but are new recruiters usually start in day 3-4-5 and build their way up, this is cuz the top IIM’s have a history and companies come to campus with expectations of getting a particular slot which they are used to getting..
4) Since sports management firms in itself are new in the industry their offers in terms of pay and attractive projects are still relatively in the developing stage

And it is in no way a back-up as since many companies have expressed interest in participating for placements, and the sports management firms were approached by the IIM since there were students interested in taking up their projects…

Not painting a wrong picture, just wanted to clarify… There is a job for anyone to be had – be it from an IIM or not….

Shivangi Narayan
#9 November 13, 2009, 11:07 am

@grondmaster: As confirmed by IIM C, Premier Management Group (PMG) and Globosport came to recruit from the campus.

Amit Srivastava
#10 November 13, 2009, 3:07 pm

@ PKR and SNEHA….it’s time one avoids posting such conflicting comments on a public forum..if u know whats going on and that according to you is not the real picture then better keep it to yourselves…as for the lesser mortals like us..once we end up in one of those A/B/C..we’ll take the first hand account of the situation..so if your worried about yourself it’s sad to know your plight…if you are worried about us..then no thank you..if you’re posting this to let the world know the breaking news then better keep it for yourself..with all due respect to you..dnt post such things on forums…
thanks

grondmaster
#11 November 13, 2009, 10:26 pm

@Shivangi… Thx.

Although, neither is a pure Event Mgmt. co, both primarily manage Sports Personalities for their non-sports businesses. As stated before, these are Sports Marketing Companies. Globosport does undertake events related to sports or some more.

Thanks again for the coverage.

rahul
#12 November 14, 2009, 2:50 pm

@grondmaster
http://www.facebook.com/note.php?note_id=259862800036

One of the events that PMG manages(btw its Professional Management Group).And there are lots more.

As for Globosport, managing sports personalities is just one aspect of their work. They are into sports infrastructure and event management also. They have laid the turf for Aussie open tennis and golf courses etc and manage events such as award functions. Not to forget about their sports academies!

grondmaster
#13 November 14, 2009, 3:01 pm

@Rahul…
Agreed. Both PMG & Globosport are multifaceted companies. Both, obviously, are into Personality Management, Academics for sports talents, and more. Events are just a part of their portfolio.

I got what I wanted to confirm: whether pure event cos. (a la 360 Degrees & Wizcraft) were coming in IIM Summers, or multifaceted cos. like PMG…

Although it is interesting to note that even such companies are now going the MBA way… first I’m hearing that they’re hiring, albeit for summers, direct from Bschools. Previously they were primarily looking at only lateral hiring and placement cos.

sparta
#14 November 14, 2009, 11:59 pm

Great Job
heard L, XL and I are struggling with their summers
FMS and K have though completed long time back

arjun
#15 November 15, 2009, 12:40 am

I have close friends in IIM C, and approx 23 students at IIM C had to opted out as no offers were made,some 30 students had to join Union Bank Of India on no Remunerations as no offers were coming on last two days. The scene at IIM C was a sad picture in last two days when some 150 students were yet to placed and no companies were coming…only recruiters left were companies like infoedge,Zenesys,Maxmobility,solutions ,Unicon Investment Solutions,Samara Capital,Invencia,Jefferies,Robosoft,McNroe,Chemicals,Ecoreco,Indusnet Technologies,Iviz Technologies,Cordys Technologies,One 97 Communications,Redbus,Business Analyst Group,Palogix Infrastructure,digitas…..noone had paid any perk or pay for internship. even then claim of placing all students are wrong as some 50 students preferred opting out instead of taking offers from these companies. It is high time press confirm news before publishing@!!!!

aktivlove
#16 November 15, 2009, 1:59 am

@arjun: what is meant by companies like XYZ….of the firms that you have pointed out, at least 2 were started by IIM alums themselves and featured in books as well. Other than that there are financial firms and lesser known but proper consulting firms present. Do you really think all 400+ students can make into some or the other slot 0 firm?

aktivlove
#17 November 15, 2009, 2:03 am

ohh..I forgot to mention that opting out of placement is one option not given only at the end or something…it is present even before placement starts and there are people who opt out for their own reason. Not getting a firm of their choice is NOT the only reason so please don’t portray it that way.
There are people my wing who opted out as they want to handle their family business which they think are more rewarding or they want to go back after studies to.

Roger Federer
#18 November 15, 2009, 2:11 am

@aktivlove
So 30 ppl did join Union Bank of India, didnt they??

champ
#19 November 15, 2009, 9:45 am

@ arjun.. about this opting out business.. mate, that happens everywhere.. i know for a fact that in IIM A, 30+ people opted out during the process in a batch of 310.. so i guess 22 out of 400+ is still pretty impressive

rtsnk
#20 November 15, 2009, 10:07 am

haha.. so people want mckinsey to show up again on the 6th day!! :)
anyway, congratulations to C for a successful placement season. I have friends in IIMs B, C and K so I know that what you guys achieved was pretty amazing

shoaibmohamed
#21 November 15, 2009, 10:10 am

@ Roger Federer
around 10-12 people have had offers from Union Bank of India, and all who’ve got it had filled a locational preference before applying for it, so they did want the job…

@ arjun
Sunday is a accepted holiday for all companies and hence lesser companies attended campus on that day, and yet we managed to place the entire batch in 6 days (including a sunday) and may i add by the morning of the 6th day…

@ Opting out issue
Believe me its a choice by the student and noone else, I personally had opted out and thats mainly because i felt if i was making a contribution to a company over 8 weeks which helps the company, why not do it for my own… Correct me if i’m wrong, but i dont think its a bad thing….

Pls do not expect much to be revealed about all the companies that participate, that is only cuz its companies that come cuz they have a relation with the campus and can be poached by other campuses and hence we don’t reveal it…. hope u understand…

Believe me, the placements have been good across campuses this yr

arjun
#22 November 15, 2009, 11:10 am

@Shoaib- good to see mild remarks, by the way you know you didnt opt out on first day, you tried on first three days and opted out after that, tell honestly….why didnt you opt out on slot 0 itself???? were you not supposed to make contributions then?? does this sense prevailed after slot 0 only??
And again you are inside the campus so you must know even if there was a sunday, the whole batch was not placed on monday morning, it was placed on tuesday morning. On monday some 106 guys were still there to be placed!!!
And get your stats right or ask placerep how many joined UBI, by this time you very well know i can give all the names too!!! so plz dont tell ppl lie

@Roger- yes some 25-30 guys joined Union Bank Of India
@ Ankit- Can you tell me any of your wingmate who opted out on the slot 0 itself to join family business, as per records of Front Desk no one opted out on first and second day and all people were still in process.
YES I ACCEPT that placing such a massive batch was a challenge and job was very very well done, but why do press release says ALL 407 PLACED??? All know not 407 placed, they can say whole batch placed as you want to count opted out as placed.
And TRUE IIM A could not placed 30 odd guys who opted out and process was run for them after press release too
Guys there are opted out people who are still unable to find jobs i can give their numbers next time if people want to confirm, in the name of Image of IIM C …..just think about frustration of those odd 50 guys still struggling..or remember remarks of one Mr Narender on student board(Chaatne ki itni bhi kya jaldi hai!!!!!)- you will understand the frustations

arjun
#23 November 15, 2009, 11:24 am

sorry i was referring to aktivlove not any ankit, i misread the name
By the congratulations for placing more than 350 guys in 6 days, while IIM I and L are still struggling for so many days…IIM C placerep really Rocks!!

cat09blacki
#24 November 15, 2009, 12:04 pm

@ arjun.. just an outside observation.. the press release says 407 ‘took part’ in the process. i don’t know why you are crying over ‘407 placed’ funda. could you be from IIM A/B :) … who btw have had interesting things in their press release too (IIM B ka to too much tha… from company ‘HUL S&M’ walk outs to interesting ‘apply to everything’ placement policies.. obv that was not going to be covered.. and yeah, i know this cause my cousin is in B)
anyway.. i have a LOT of friends in C.. those who got placed on the first day as well as those who did on the 5th day, and i also personally know one of the guys who opted out on the 3rd day. they all praised the placereps and were very happy.

PS: from what they tell me.. some 20 guys opted out.. 350 ka funda i don’t know!! anyway, be mature about it dude.. people are frustrated with placements everywhere cause they feel they could do better.. cause it all becomes relative. so if you know someone who is frustrated, try and understand where that comes from. the bschool placement season has been fine

arjun
#25 November 15, 2009, 1:23 pm

@CAT- I am not talking about this release, You can google and see the other press releases
i am including 5o guys just because they had to go UBI not getting anyother chance and process was getting ended, but i accept total Opps out were 22…
I am mature enough dude, its not about 20 or 50 , its about the only person if he hasnt get any offer, ask that only guy about it, he will tell you.As a batch i already said IIM C rocked, but think about that only person!!
hey i know it happens at IIMs , so let people know it, why are you crying over it.Anyone has right to speak out his feelings!!

abhi123c
#26 November 16, 2009, 7:55 am

not getting into this hot debate……but just want to ask something- classes started in june i guess, so did the selection for summers were solely based on the performance during these 5/6 months into the course ??? did people with prior IT work-ex also had to be content with the lower end of the pie or the problem occured with the freshers ????

abhi123c
#27 November 16, 2009, 8:03 am

i think instead of mud-slinging, if you guys out there could just say why some guys got those starry offers whereas others are still struggling to get any…….it will be a more constructive & positive thing to do, atleast for those who are seriously preparing for cat, so that they can do some amount of profile building even before going there…some positive gyaan awaited plz !!!

shoaibmohamed
#28 November 16, 2009, 2:25 pm

“Good” Profile depends on the companies u apply to, I’ll just give a brief on the industry specific one’s

1) I-banking: Good acad performance, (IIT background will help), good numbers in your CV (eg: rank x out of xxxxxx numbers who wrote xyz exam etc), an aptitude towards fin may help (cfa’s, frm’s etc)… but generally they prefer relative freshers, unless its relevant work ex

2) Consulting: Good acads throughout, exceptional (national/international level) extra-curricular achievements, and generally a well rounded CV

3) Marketing: Above avg acads, good extra currics, good performance in gd’s required to reach interview stage

4) General Management: Leadership skills, and dependant on the forms the firms gives out to fill….

It may vary from firm to firm, but just general outlines…. and moreover CV making will take a considerable amount of your time during the first term so just concentrate on anything that you can do that will make u different from the rest….

First term CG is generally not revealed for summers, so its basically your background that matters for summer placements….

live2die
#29 November 16, 2009, 3:06 pm

@Arjun: Trust me when I say that NOBODY and I mean NOBODY was forced to opt for a job .. I have my friends who opted for UBI voluntarily and the reason for that being fairly simple ‘They wanted an entry into Fin Domain and UBI was willing to provide that’ .. To add to this you would be surprised to know the kind of profiles the firms that you listed above offer ..

Also am sure you would have read that C placed almost entire batch in 140 companies, of which 155-160 STUDENTS, and not offers, were placed in Slot 0 .. Need i say more on acceptance of students by the firms that visit our campus ??

I won’t comment on other campuses, even though my own friends are in them except for RG-IIM I mean ;-) , since any serious candidate would be aware of The Happenings at campuses .. Moreover IIMs, or for that matter any reputed institute, are not known for awesome jobs to each and every candidate but instead for the opportunities presented and the awesome networking that you get to build over here ..

P.S: I didn’t read your entire post but then from the responses I thought above mentioned are the concerns that you had so thought of addressing them .. do let me know if i was wrong somewhere ..

arjun
#30 November 16, 2009, 10:16 pm

@abhi123- i didnt find any mud-slinging, if this kind of healthy debate seems to you as Mud-slinging, my sympathy for you dude!!
@live2die- you are absolutely correct noone was forced but UBI decision was not only because ppl wanted to go to Fin, they find it as a better option left than the other companies i mentioned above. And my concern is also towards those 22-23 hapless souls still(till date) struggling as process had to end(obviously to keep the brand IIM C alive after the announcement of IIM A regarding 4 days ,which was also not true )and they chosed to opt out instead of going for these companies!!
If IIM A and B are fudging their Data(which i know they are doing by hiding their opt outs) it doesnt mean C has to go the same way!! that is only process refinement i expect.Just think what most of(i said most not all) those guys would be thinking when you say all people are placed(see some business news sites), if you still think everyone is happy come to SOAPBOX on 21st!!
I know not everyone can be happy in a process but atleast people can think about how to mend it instead of needless bashing or praising!!!!
P.S.-If someone find it offending or Mud-slinging can avoid the posts, there is no constitution about replying every post. Healthy debaters can put their point across i am keen to listen to

amu.kashif
#31 November 16, 2009, 10:35 pm

@ lair arjun:
u have friends in IIM-C? rite? and u still manage to know what was posted on the student board and by whom?u also know that shoaib opted out after 3 days and not one? pretty sincere friends , i must say! and goin by the standards of your english i think i know who u r! within striking distance!

DEVILISHANGEL
#32 November 16, 2009, 11:13 pm

this is a very interesting discussion.
why do all of you guys gang up on someone who say that there might be things that iim’s SOMETIMES go wrong with?
why the halo?!? seriously? why? no one is saying that they are not great institutes of management but truth about things needs to come out. schools should be more than brands, and i am sure most are but the halo needs to a dim-down a little bit. i mean people should get raw data not fudged data. having a closed eye all’s well approach can only last so long.

c’mon you guys are at one of the top 10 best institutes in india.

i think coming clean is something that all the management institutes in India have to do sooner or later. all of them, including the IIMs fudge the data (of course most of the non-IIMs are worse at this). this is no fiction and we all know it.

IIM, non-IIM, harvard, watevr!

remember a beautiful line – “lies, damned lies and statistics”. period.

too much of pride isn’t good for any student of any institute.

live2die
#33 November 17, 2009, 12:06 am

@Arjun: But you are wrong again pal .. I mean if at all you think that the public sector bank was ‘forced’ upon students at C as the last resort or opt out of process then you are wrong .. I personally helped my friend get internship and this we did after discussing with placereps .. so let’s not post here just anything .. if you think you have access to Student Board at C then for your information let me remind you ‘You don’t even get to read half the campus news on SB’ .. so I personally would recommend you avoiding these half baked statements .. they don’t serve any purpose and instead confuse the candidates by sending wrong signal about the institute ..

BTW I mentioned this before and I would state it again .. Am not one of those who compare his institutes performance in placements with other institutes .. it just doesn’t matter .. and I can’t believe you are finding it difficult to accept it .. If you ever thought anybody at C would be interested in joining ANY other institute AFTER having been through the entire process then i must say you are totally wrong ..

@Devil: It’s not pride but right or wrong .. if I was not part of this institute and had not worked/contributed to the process then i would have refrained from making any comment on this but now since an individual has decided to malign the insti’s repo based on partial information he has then i think it is everyone’s responsibility to clarify his doubts to the extent possible .. but then, as in this case, if the individual is hell bent on saying that students were forced directly/indirectly to join companies that ‘individual’ thinks are not of repute then i guess nothing can be done about it ..

@Arjun: You take UBI’s name here in such a manner that it should seize to exist but did you ever realize their was the best management that made The Most awesome use of this opportunity provided by this financial downturn ?? Try respecting PSU’s mate, even if they don’t pay big bucks they do give good careers ..

live2die
#34 November 17, 2009, 12:12 am

@Arjun: and dood SOAPBOX for this ?? seriously ?? I mean I just hope you know the purpose of soapbox ..

@All: This was my last post on this whole matter. All I can tell you is JOKA RULES m/

arjun
#35 November 17, 2009, 1:37 am

@amu.kashif- does it make any difference, whether you know me or not, truth still remains the same my friend.If you know me then You very well know what is the conditions of FREEDOM OF SPEECH in IIM Calcutta and for the same fact in all IIMs!!
@live2die- if your english skills are poor let me reproduce what i have written in earlir post–” you are absolutely correct noone was forced” You were right when you said that you were not even reading the full posts. And no one is maligning your institute, if you have that much courage why dont you publish in press that 23 people were opted out??? Why do you people fear about these issues?? let truth prevail!
The day you will understand the utter disappointment of 23 people (and for the very fact other 30 or so,i am not including “i am Very Happy Guy”,)you will realize whatever you have written .May god not provide you that chance.
And SOAPBOX so that next placereps may be asked that nothing of this sort is gonna happen in Laterals(obvious things to understand if you are part of IIM C)

arjun
#36 November 17, 2009, 1:42 am

Friends as people are hell bent on hiding the truth in the name of Institute reputation i have nothing more to say, This is my last post.
@amu.kashif- I would always welcome you to discuss this issue on one to one if you really care, there is no prize for detective things and i would love to listen to your views.

shoaibmohamed
#37 November 17, 2009, 3:46 am

@ “arjun” : dude whatever the point is your trying to make, plz make it clear… and who is stopping you to speak at IIM Cal?? … this is getting silly dude….

If its disappointment – think positively and try to make the best of the opportunity… the brand in itself does give a lot of opportunities outside… maybe u don’t realize it now, but u’ll realize it at some point in life…

If its genuine care and suggestion for improvements then pls take it up to placereps and the stud council so that the suggestion can be incorporated…

You ranting out your anger/disappointment/frustration out here is not gonna help bring out any changes you wish to bring forth…

End Of Arguement from my side… If anyone has any clarifications/doubts plz do feel free to PM me… and if anyone wants to debate on anything as well is free to debate me…

All the best to everyone writing CAT!!! … Make sure you put in the best effort!! believe me it’ll be worth it…

Godfather
#38 November 17, 2009, 9:30 am

@Arjun
1. When there are ppl who are not eligible to be placed at all, then I guess it is not wrong to place them in any company at all less the PSU
2. Do u think most of the ppl who got the placed in the PSB which in your light is so cheap would’ve got a chance to interview at all if they weren’t part of the institute
3. Why are you crying over the salary, c’mon its summer placement which is supposed to be for industry exposure or a pretext for your career so when u get an offer in a field in which you want to work y would you care for other things least of all the salary. My friend who got an offer from UBI is very much satisfied that he has got a Treasury/Risk management role which was his only preferred role.
4. As far as I gather there were many firms lined up even after the batch was placed and the authorities were ready to extend the process should there be anyone who is not placed.

So in all I would say the placement process at IIM Calcutta was one of the best and fair process that happened

I rest my case

Lord
#39 November 17, 2009, 9:58 am

For those who r crying in the name of UBI
have a look at this
http://business.rediff.com/report/2009/nov/16/public-sector-banks-roll-out-the-red-carpet-for-mbas.htm

it clearly mentions that people from higher grade colleges prefer a salary of 5 lpa to 9 lpa just because the work is what they like and career security and for people from lower ranked colleges they go for money.
I guess this should end the debate on the brand of UBI, the money , package and other materialistic issues raised by the brainless arjun

pranav@spjimr
#40 November 17, 2009, 11:33 am

Congrats to IIMC for a good show…..!!!
My little bit of advice (from my experience at B-School)…always take any placement statistic/report with a pinch of salt…read it for a general trend….but dont treat any information (from any Indian/foreign B-School) as sacrosanct….
Remember guys, candidates have to placed….college brand can only take you to a point…beyond that if the candidate is good, he will get placed…

amu.kashif
#41 November 17, 2009, 3:46 pm

@Lord: Really nice link there…..people need to understand that PSUs are a very viable option and hardly any private firm offers a stability that can challenge that given by PSUs…..
@Arjun: Dude,I just hope good sense prevails….May God bestow you with atleast the minimum required levels of sanity….u r hurting no one but urself….
@Aspirants: ATB to all of u guys…..looking forward to meeting u on campus….
Case rested on my behalf….

Apurv Pandit
#42 November 17, 2009, 3:56 pm

I would like to thank you all for discussing this out intelligently with coherent arguments, without getting personal or nasty with each other. Reminds me of PG in the old days. Hope all of us maintain this tone at other parts of PG.

DEVILISHANGEL
#43 November 17, 2009, 5:53 pm

thank you pranav. that was some short and sound advice :)
i always thought the same but the same coming from a student in a good b-school just establishes the belief.

kamalaandi
#44 November 18, 2009, 3:21 am

@arjun,

those 23 opted out even before the process was over.. i know friends who wanted only slot 0.. when they didnt get slot 0, they wanted leverage their contacts outside IIMC to get offers..

dont post RUBBISH that those 23 had no offers and opted out. that is nothing but BULLSHIT.. cut the crap..

kamalaandi
#45 November 18, 2009, 3:26 am

btw.. how did u arrive at that number 23??? totally false and sans logic… ppl opting out of placements is their wish man.. everyone who sat for placements in IIMC and who hadnt opted out with companies remaining had an offer.. not every company is going to pay like the highest paying company..

aktivlove
#46 November 19, 2009, 4:08 pm

@ arjun. I will be very sad to know that your are from an IIM and do not know that Summer Intership is compulasary part of curriculum. A student opting out implies he is taking gurantee to place himself. Sane people take that stand after ensuring they have an intern confirmed. Which means news of everyone getting placed should not be wrong.
BTW, you have quoted quite a few numbers over the time and I would like to know how are you sure that whateva random number your put in discussion is actually true?

PS: Came to this site after long time so sorry for late reply.

@maximum city
#47 November 19, 2009, 9:57 pm

i totally support arjun in is endeavour.the B-schools in their race to gain mileage come out with flashy placements reports with so much fudging going on. There is no freedom of speech inside a campus, once u speak, the place-com will make sure that u suffer one way or other.
I just want that the colleges should come out with actual report so that no aspirant should feel cheated in future. may b he had some other plans in mind,but just by seeing the astronomical placement reports, he was tempted to come to b-school & wasted his precious 2-yrs

plz tak sense
#48 November 19, 2009, 10:22 pm

@maximum city: dude i can bet that u r nt from a B school. even if u that cannot be a gud one! plz show some sense and dont jump the gun by supporting liars like arjun when you dnt know the reality! u know the colleges u r takn of come under the RTI , hence they cannot fudge their reports even if they want to. so plz TALK SOME SENSE!

Dharma_302
#49 November 20, 2009, 1:01 am

@ maximum city
your source please? paste the link of what ever you said, i too want proof as in whatever you said is correct

matrix1231
#50 November 20, 2009, 3:56 am

@all u readers, I can tell you one thing for sure, All B-schools incl. IIMs fudge their placement reports.
Why not accept the fact that the placement process is flawed.
Why so much fight to admit the correct thing.
It happens everywhere.

sidharth0208
#51 November 20, 2009, 4:39 am

@ all u readers.. and @ matrix1231..

i don’t know about other bschools.. all i can say with 100 per cent surity is that IIM Calcutta does not engage in any such activity.. whatever is written in that press release and on our website regarding previous years is true.
and as ‘plz tak sense’ said.. if you are so sure about bschools not giving out the truth, file an RTI cause IIMs do come under the RTI act.. so please don’t write crappy comments here without any knowledge or evidence of things here

Roger Federer
#52 November 20, 2009, 12:27 pm

Hello everyone, I wanted to give my opinion from a neutral point of view.
Since IIMs and some other B schools fall under RTI they cant blatantly lie or fudge data , ofcourse sometimes you can sometimes find these institutes fudging data by a small amount by releasing their placement data after their competitors release just to gain an edge because most of the aspirants first look for average salary while determining the better B-school, its not too difficult to change the data from say 10.25 to 10.32 by including certain CTC components which might not be included by some other B school. So just commenting that all these placement figures are false without any proof would be wrong, also B-schoolers saying the figures are totally perfect might not sound very believable.

matrix1231
#53 November 20, 2009, 2:54 pm

@sidharth, why you are so defensive about everything?
And about filing RTI, just forget about that for a moment and ask yourself, in IIM-C if around 20 or more have opted out of placement, then why the first line of this very article says,
“407 students, up from 300 students in 2008 took part in the summer placement process of IIM Calcutta for the batch of 2009-2011.”
As a reader what should you assume from the above line?
If you are weak at verbal ability, let me help you.
everyone will assume that all 407 students took part and placed in IIM-C.

Second point, i know one person from pagalguy who is in IIM-C and commented on this very article that “those 23 opted out even before the process was over.. i know friends who wanted only slot 0.. when they didnt get slot 0, they wanted leverage their contacts outside IIMC to get offers..”
That should have been part of official release.
It would have let the aspirants know the real truth.

IIM-C in my view is always in TOP TWO in India & May be TOP 15 in the world (b’coz ISB-hyd is in top 15 and IIM-A,B,C are better than ISB, in my view)
So, no offense to IIM-C at all.
But stop being defensive guys and tell the whole truth.

I did n’t like the way sidharth has reacted to my view.
my tone in previous post was very neutral, but it is a bit aggressive here , but not without reason.
If you are studying in IIM that does not mean that you can demean whoever you want.

Give respect and earn the same(at least this much must have been be taught in IIMs).

Dharma_302
#54 November 20, 2009, 4:53 pm

@ matrix

if you talk about verbal ability then you are assuming wrong, since all 407 took part in the process is as good as correct, that however is a difefrent thing that they opted out after slot 0.
Even the best b school in the world allows its students to find jobs on their own so what’s wrong if 20 people opted out when they thought they did not get the companies of their choice.
And regarding your point that nothing should be hidden, I don’t think that 20 people opting out is an important matter as if not hiding anything would also mean that the people involved with IIM also reveal their day to day activity like brushing, bathing , sleeping etc just to tell the truth that they brush everyday.
Yes there is always a scope for improvement but that does not mean anyone can say anything without any logic

plz tak sense
#55 November 20, 2009, 6:07 pm

@matrix:
the headline was absolutely rite, 407 people participated in the placement process. period. absolutely no doubt about that. just FYI IIM-C has a batch strength of 408 , yet the number quoted was “407″ and that was to satisfy fault finding morons like you bcoz one student had left the college before the process started. u talk of teaching in IIMs? wat they teach in IIMs is to be logical and not accept any tom dick and harry like u making irrational remarks. u say u have a neutral view , yet ur statement is full of loathing and IIM bashing? oh.. yes that reminds me of ur verbal ability skills! “neutral” i think has a different meaning for u. different from what the entire world thinks. if u r nt or never have been in a B school i can see the reason why (since u fail to comprehend a simple headline written in plain english) and if u ve or are studying in a B school then all i can say is “too err is human (read selection panelists of his B school)!

@maximum city
#56 November 20, 2009, 9:34 pm

@ plz tak sense- the whole point of the discussion is that whatever is the truth, let b-schools publish that only. even if one student is misguided by the wrong info provided, then its gross error on part of the b-school in particular & the culture at large. regarding my being at a b-school, i would keep that as a secret right now, as my placements are there in feb’10 & i had already taken enough panga frm place-com. thats why despite having a proper pg id, my posting as a guest. and ya for my info, my college is one among top 10.

matrix1231
#57 November 21, 2009, 12:14 am

See my whole point is being decent while answering and telling thetruth.

The same point made by “Dharma_302″ is soothing and i understand his reasoning. I would just like to tell him that, yes whatever you told is true, but there is immense scope of improvement while communicating with future aspirants. So, provide them actual data.

@plz tak sense, – Now that’s what i was talking about. About being rude.
Let me tell you ,i had final converts from 4 colleges in top 10. But did nt join. So, i’m not a street walking stranger to B-schools. I have friends in almost every best B-schools in India.
Don’t dare call me Tom-D-Harry. I have 3yrs of work-ex. So, I think i have more than sufficient knowledge to comment on this topic.
And how dare you comment about selection panelist of my B-school. No comments on that. I can not stoop to your level.

This is my last post on this forum. I can’t really talk in here with sanity anymore. Not with so many people around, ready to jump on throat of others who disagree with them.

I pity you @plz tak sense.

shoaibmohamed
#58 November 21, 2009, 3:15 am

Honestly friends there is no data that is untrue in the report… As in ZILCH!!.. the number of offers per firm is also true….. I can understand if you guys are talking about avg salaries and all, but there is not even a mention of any salaries… and thats only because it will be mentioned in the offer letter which the students recieve… for Finals it is a different scenario and avg salary may seem high but thats not cuz its ‘fudged’ or anything… its just that there are students from here that have packages in excess of 1crore.. and hence avg goes high…

But just don’t get what the debate here is about??…

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