Hi,
Here is the full report , with all the juicy facts and figures. Nsoiiiiii
(It is available at
http://www.iimcal.ac.in/corporates/place_2004.asp )
The traditionally strong recruiter perception of IIM Calcutta was reflected in the success of Placements 2004. The graduating batch size of 242, the largest across all premier business schools, proved to be a blessing this year, as it attracted the crème de la crème among firms in India and abroad as well as the most coveted jobs on offer. Top companies such as McKinsey and Company, HSBC (Investment Banking), Capital One, Citibank, ICICI, PwC, Cognizant Technology Solutions, Unilever and Cadbury made their largest offers across all business schools in India at IIM Calcutta, reaffirming its status as the most preferred campus for recruiters.
125 companies confirmed participation in Placements 2004. 83 companies made a total of 332 offers at IIM Calcutta this year, with the other firms unable to recruit as the entire batch had already been placed.
Most coveted firms make highest offers
The most sought after companies in sectors like Consulting, Financial Services and IT made more offers at IIM Calcutta than in any other business school in India. IIM Calcutta proved to be the hunting ground for top notch consulting companies with firms like McKinsey and Company, The Boston Consulting Group and AT Kearney looking to recruit in large numbers. McKinsey and Company made 7 offers while PwC made 19. In the field of Financial Services, Citibank and ICICI made 17 offers each, while in IT, Cognizant Technology Solutions also made 17 offers.
There were 162 offers made in Slot 0 and Slot 1, with 124 acceptances. The number of companies recruiting for positions overseas increased from 7 last year to 11 this year, leading to a substantial rise in the number of foreign offers made on campus.
Increased options for students
16 companies recruited from IIM Calcutta for the first time during this placement season. One of the noteworthy aspects of Placements 2004 was the increase in number of sectors for which students were recruited. Companies in sectors such as Insurance, BPO, Shipping and Holiday Services made their presence felt on campus this year.
An important aspect of placements this year was the phenomenal success of the Lateral Placement Programme meant for students with significant work experience. Despite a much smaller pool of candidates with work experience as compared to the previous year, there was an increase in both the number of recruiters (23) and the number of offers made ( 58 ). This year, companies participating in the Laterals Programme also recruited for positions abroad.
IIM Calcutta encourages and nurtures independent thinking and the ability to explore unconventional avenues. As in the past, this year as well, there were students who chose the entrepreneurial path over the relatively easier corporate route to success. One of these students, the founder of the Adventure Club at IIM Calcutta which is the first of its kind in any Management School in India, has decided to follow his dream of scaling greater heights by starting his own organisation.
Pioneering changes in the system of recruitment
Apart from introducing the system of Lateral Placements in 2000, to allow both firms and students greater choice in recruitment, IIM Calcutta has incorporated other changes in the system of recruitment, taking into account feedback from companies and students. This year, companies were given more time to carry out their recruitment processes, which were in turn staggered to allow for a smoother process. IIM Calcutta also hosted a Student Recruiter Meet in October 2003, along the lines of Career Fairs held in major business schools abroad, the first such initiative of this kind taken by a business school in India.
Placements 2004 - General Facts
Students in Placement Process: 242
Total Offers: 332
Lateral Offers: 58
Pre Placement Offers: 22
Foreign Offers: 23
Total No. Of Companies: 83
Some of the prominent firms that participated in the recruitment process at IIM Calcutta this year were ABN Amro, American International Group, American Express, American Express Financial Advisors, Asian Paints, AT Kearney, AV Birla Group, Bank of America, Bharti, The Boston Consulting Group, British Gas, Cadbury, Capital One, Cap Gemini Ernst & Young, Castrol, Citibank, Citifinancial, Club Mahindra, Coke, Cognizant Technologies, CRISIL, Dabur, Daeyang Shipping, Deutsche Bank, Digital Globalsoft, DSP Merrill Lynch, Evalueserve, EXL Services, General Electric IMLP, GECIS, Gillette, Glaxo SmithKline, HCL Technologies, Hewitt Associates, HSBC, IBM, ICICI Bank, ICICI Prudential, Infosys, ITC, J&J Medical, JP Morgan Chase, Kanbay, Kotak, Lehman Brothers, LNM Group, Madura Coats, Marico, McKinsey & Co, Microsoft, National Kidney Foundation of Singapore, Nicholas Piramal, Onida, Pricewaterhouse Coopers, Procter & Gamble, Ranbaxy, Reebok, Sapient, Satyam, SBI Caps, SIFY, Standard Chartered Bank, Tata Administrative Services, Techspan, Times Intelligence Group, Temasek Holdings, Unilever, UTI Bank, vCustomer, Virtusa and Wipro.
Among first time recruiters at IIM Calcutta this year were Temasek Holdings, vCustomer, Virtusa, Amex Financial Advisors, Citifinancial, Daeyang Shipping, LNM and Reebok.
Companies that made the highest number of offers on campus were PwC (19), Citibank (17), Cognizant Technology Solutions (17), ICICI Bank (17), HCL Technologies(12), Onida (11), UTI Bank (9), Procter & Gamble (9), McKinsey and Company (7), Kotak (6), AT Kearney (5), Hindustan Lever (5), Cadbury (5), HSBC Investment Banking (4) and JP Morgan Chase (4).
Lateral Placements and PPOs
The Lateral Placement Programme has evolved over the last few years and is now an integral part of the placement process. A salient feature of Placements 2004 is the number of lateral offers made ( 58 ), a 10% increase over last year. More than 20 companies spanning diverse sectors such as Consulting, IT, Pharmaceuticals, Financial Services, FMCG and Manufacturing recruited lateral candidates from IIM Calcutta. With companies like Unilever, ITC, Microsoft, Pricewaterhouse Coopers, Kanbay, Cap Gemini Ernst & Young, Crisil, Evalueserve and Sify participating in the programme, lateral placements this year have been exceptional, both in terms of the number of offers made and the compensation offered. It is worth noting that this was achieved with a far smaller number of lateral candidates this year. With the number of lateral candidates for next year almost twice that of the outgoing batch, it can only augur well for Placements 2005.
In terms of Pre-Placement Offers, a total of 22 offers were made by big names in the corporate world like Lehman Brothers, HSBC Investment Banking, ABN Amro Investment Banking, Citibank, Standard Chartered Bank, Procter & Gamble and Cadbury. ABN Amro (London) made its only PPO across Indian business schools at IIM Calcutta.
IIM Calcutta’s premier status in the area of Finance was reinforced by the fact that about 33% of students were placed in Financial Services sector. In fact, Citibank and ICICI Bank have made 17 offers each, the largest number across management institutes and business schools in the country.
In the Consulting sector, Pricewaterhouse Coopers made as many as 19 offers this year. AT Kearney made its presence felt in the campus once again after 2 years with 5 offers. The highlight of Placements 2004 was McKinsey and Company making 7 offers on campus – more than the number of offers made at any other business school in India by a significant margin. Other consulting firms included big names like The Boston Consulting Group, Cap Gemini Ernst & Young and Hewitt Associates.
The FMCG sector accounted for 11% of jobs accepted. Procter & Gamble (P&G) with 9 offers and Unilever and Cadbury with 5 offers each (again the highest number across campuses) were among the largest recruiters in this sector.
Another noteworthy aspect of Placements this year was the increasing spread of companies across sectors. While the presence of firms like AIG might be a result of the deregulation of the Insurance sector, the fact that a significant number of offers were made by BPO companies like EXL Services and VCustomer underlines India’s competitive advantage in providing quality outsourcing services. Also the presence of niche firms like Daeyang Shipping and Club Mahindra is a reflection of the broader horizons of students at IIM Calcutta and their diverse ranges of interest. Both Daeyang Shipping and Club Mahindra recruited only from IIM Calcutta among all the IIMs this year.
Compensation Offered
Median Domestic Lateral Salary: Rs. 6,50,000
Average Domestic Salary: Rs. 7,05,000
Highest Domestic Salary: Rs. 14,00,000
Median Foreign Salary: $ 70,000
Highest Foreign salary: $ 1,20,000
There has been a 13% increase in the Average Domestic Salary over last year. There has also been a 26% increase in the Highest Foreign Salary offered on campus.
NOW, thatz a Numero Uno performance! Watch out for more.
Regards,
Ajay
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