Market slowdown hits IIM-C placement

The wave of slowdown hit the day-0 summer placements at the Indian Institute of Management Calcutta (IIM-C). Students received a total of 90 offers this year, vis-à-vis the 115-odd offers that were made last year, when the national and international economies were in better shape.

“It is well accepted that the markets are in trouble and there is a second wave of recession. Despite this, one can say that the placements have gone off better than expected despite the decline in the number of offers made”, said a placement coordinator at IIM-C.

While the institute was at loath to disclose salary figures, the day did see participation from some of the bigger brands across verticals including finance, marketing and consultancy.

Some of the companies to visit the campus this year included RBS and Standard Chartered, who were also the largest recruiters making offers to 15 and 9 students respectively. In the consulting vertical, the four top recruiters were McKinsey, BCG, Bain and AT Kearney.

“The outlook remains positive for the next day as Portugal based Investment bank Espirito Santo looking to hire exclusively from IIM Calcutta, and Japanese Investment bank Daiwa and boutique Investment banks like Alpen Capital will make offers,” said a press statement from IIM-C.

Hong Kong Exchange will also visit the campus for the first time.