IIM-C summer placement back in limelight

Indian Institute of Management-Calcutta (IIM-C) grads seem to be back in demand as the slot zero--or the most coveted slot offered to recruiters for summer placement--has seen a significant increase in the number of companies coming to the institute over last year.

"This year offers for the slot zero will be significantly higher than previous year of 100 offers," IIM-C external relations secretary Paul Salvo said,

Initially, there were some concerns among the students as the batch size is 104 more than the previous year and the economy is still recovering, but, the increase in number of companies and job offers has given them reasons to cheer.

Summer placement gives a clear indication of demand of professionals but it does not give idea about the salary hike over 2008.

"Students in summer placement are given internship and perks. It will be when companies make final offer, salary levels could be compared. But, we hope it would be better than previous year," Salvo said.

There were offers from investment bankers like as Barclays Capital, Bank of America Merrill Lynch, the Royal Bank of Scotland, and UBS. Morgan Stanley, JP Morgan Chase, Credit and HSBC also had offers for IIM-C.