IIM Calcutta gets headstart with 34% rise in pre-placements offers

With 454 students in batch of 2013-15, 78 figure by August start is a positive indication

IIM Calcutta has managed to get a head start with its pre placement offers of the 2014 batch with a 34% increase as of first week of August compared to same period a year ago.

78 students on campus have received such offers which includes 58 PPOs (Pre- Placement Offers) and 20 PPIs (Pre-Placement Interviews). The number of total such offers last year stood at 58 during the corresponding period, resulting into 34% increase.

With 454 students in the batch of 2013-15, the 78 figure by August start is a positive indication in the beginning.

According to a statement by the management institute, the management consulting firms yet again led the way in terms of the total number of offers made to the candidates. The leading consulting firms: Mckinsey, BCG, Bain and A T Kearney came up with 24 offers out of 31 candidates.

McKinsey & Co and The Boston Consulting Group gave the maximum number of offers in this domain with 8 and 7 offers respectively.

A T Kearney gave PPOs to all the IIM Calcutta students who interned with them. The general management domain also saw pre-placement offers from highly coveted firms such as Tata Administrative Services (TAS) and the Aditya Birla Group.

Philips gave 3 PPOs and 2 PPIs while Pepsi gave out 3 offers across its Sales & Marketing and Finance divisions, which is a 100% conversion rate. Alshaya, a top retail franchise operator in the Middle East gave 8 PPOs. Other companies that made offers include Bosch, Nestle, Shell, Vodafone and iNautix.

On the other hand, pre-placement interview offers came from the likes of Mondelez, KPMG, L'oreal, Medtronics and HCL. "Companies seem to be realising the importance of summer internship program and are hiring more through the PPO route. The current figures show an improvement in the economic situation as well as the profiles of the students at IIM Calcutta", said Prof. Rajiv Kumar, the placement Chairperson of IIMC. Last year students at IIM Calcutta received 112 PPOs in total by the end of the year.

The finance campus of India continues to maintain its legacy. Deutsche Bank was the first bank to roll-out pre-placement offer. More pre-placement offers are expected from investment banks in the following months, the statement added.