IIM Calcutta final placements 2011: ICICI, McKinsey largest recruiters, 31% get finance jobs

(Photo credit: Hriddhi Doley)

The Indian Institute of Management (IIM), Calcutta finished its placements for the PGDM and PGDCM classes of 2011 with 464 offers for a total strength of 381 students. According to the school’s placement cell, a total of 129 companies made offers during the placements process that lasted 5 days.

ICICI and McKinsey & Co were the two largest recruiters. Seven students opted out of the process, of which four deferred their placements to work for a non governmental organisation and on startups around renewable energy, educational solutions software and butterfly habitats. The rest are either joining back their pre-MBA company or preparing for the Union Public Service Commission (UPSC) entrance exam.

Total batch size 388
Opt-outs 7
Effective batch for placements 381
Number of companies that recruited 129
Total number of offers 464
Average offers per student 1.20
Number of PPOs offered/accepted 92/70
Number of lateral offers/accepted 145/113
Average domestic salary Rs 17.6 lakhs
Lowest salary Rs 7.5 lakhs

Top 6 recruiters (by acceptances)

McKinsey & Co 13
P&G; 11
Boston Consulting Group 9
AT Kearney 8

According to the school, more than 50 firms including Barclays Bank, Olam International, Google, Microsoft, Amazon and Shel hired experienced graduates laterally. Barclays Bank was a major recruiter during laterals while Olam International offered profiles in derivatives trading in commodities at Singapore. Private Equity firm Gaja Capital selected three students.

Consulting firms such as Deloitte, PwC and Accenture also hired during the lateral process. Deutsche Post DHL selected students for consulting roles in their Miami office while Bain & Co offered senior profiles.

Reliance, Aditya Birla Group, Mahindra & Mahindra, RPG, Hinduja and Adani recruited students for leadership roles in their respective General Management programs. Amazon, TVS Logistics, Biocon and Glenmark made lateral offers for operations profiles.

IIM Calcutta entered the final placements process with 237 offers already in hand via the pre-placement offers and lateral offers route. Of the 92 PPOs, 19 offered international postings at New York, London, Hong Kong and Singapore.


International investment banks such as UBS, Morgan Stanley, Citigroup, Deutsche Bank, HSBC, Bank of America – Merril Lynch made offers during the final placements. The offers were for desks across the globe. Students had already received PPOs from firms such as Goldman Sachs, Morgan Stanley, Barclays Capital, Royal Bank of Scotland, Rothschild, Credit Suisse and MacQuarie. Japanese investment bank, Daiwa Securities made six offers.

Indian investment related firms such as ICICI Securities, India Infoline and Allegro and international banks such as HSBC, Standard Chartered and Development Bank of Singapore also extended offers in the finance domain. ICICI, the largest recruiter at IIM Calcutta made 19 offers in roles such as M&A; and treasury.


McKinsey & Co made 13 offers across its Singapore, India and Sydney offices. BCG, Bain & Co, Essex Lake Group and AT Kearney recruited as well. Consulting offers were also made by Feedback Ventures, Hewitt and EXL services. Arthur D Little selected students for their Dubai office.

Sales & Marketing

Procter and Gamble made 11 offers in their sales and marketing roles, including roles in Singapore. Dabur made an international offer for New Business Development at their Dubai operations. Marketing roles were also offered by Hindustan Unilever, ITC, J&J; Consumer Products, Nokia and Kraft Cadbury.

Among other companies, Bharti Airtel and Yes Bank made 8 and 7 offers respectively. Credit rating agency CRISIL selected students for strategy roles. KPMG, PWC, Vodafone, Aircel, Flipkart, Asian Paints and Castrol, RPG, Tata Steel, Raymond and Bajaj also made offers. Tata Administrative Services (TAS) recruited 5 students for their business leadership program.