Financial, consulting firms make 50 offers at IIM-C on Day Zero

The final placement process at IIM-Calcutta (IIM-C) kicked off to an expectedly positive start today with top financial and global consulting firms making numerous offers to students from the batch of 2008-2010. The institute went into placements today with more than 125 offers in hand.

More than 50 offers by day-zero finance firms, such as investment banks and private equity firms, have been received so far. The offers were for desks across the globe.

Companies like Goldman Sachs, Morgan Stanley, Barclays Capital, Royal Bank of Scotland, JP Morgan and Credit Suisse have already made pre-placement offers (PPOs). In consulting, the usual favourites, such as McKinsey, BCG, Bain & Co and AT Kearney, were on campus and over 25 offers had been made at the time of writing this report. Opera Solutions hired exclusively from IIM-C.

UBS, the Swiss investment bank, also hired exclusively from IIM-C, while Temasek Holdings, the investment arm of the Singapore government, recruited the highest number of students from IIM-C compared to other campuses in the country. Oliver Wyman, the US-based consulting firm, also made the highest number of offers at IIM-C among all IIMs. It hired for its international offices in New York, London, Singapore and Dubai.

Finance, considered IIM-C’s stronghold, saw a manifold increase in the number of offers made compared to last year, with investment banks like Nomura, UBS, Deutsche Bank and HSBC picking up students from the institute.