Only 150 firms could make offers at IIM-C as summer placement closes early

Google, leader in Internet-related services and products, offered summer internships exclusively to IIM Calcutta students on its first visit to the campus

The Indian Institute of Management-Calcutta (IIM-C) has completed its summer placement process for the 2013-15 batch in record time, and the process was closed on the first few hours of the fourth day. More than 250 firms had confirmed participation at the institute this year, but only 150 firms could make offers due to the process ending ahead of schedule.

Usually, a five-day window is alloted for summer placements and the previous batch had managed to complete the summer placement in about four days. The placement, which started in the first week of November, saw participation of 449 students from a batch of 454. Five students opted out of the process.

About 20 per cent of offers were for finance and sales and marketing  jobs, while consulting and corporate strategy and business development were close second with 19 per cent of total offers, said a IIM-C statement.

CAMPUS SUCCESS

• IIM-Calcutta has finished the summer placement for 2013-15 batch in record time of slightly more than 3 days
• 449 students were given offers, out of batch of 454 students
• Just 150 firms could make offers as the process ended ahead of schedule
• Among the companies, finance and sales & marketing made the most offers, with 20 % of the offers
• Consulting & corporate strategy and business development made 19% of the total offers
• Google offered summer internships exclusively to IIM-Calcutta students
• Five students opted out of the placement process

Interestingly, Google, leader in internet-related services and products, offered summer internships exclusively to IIM-C students. This was Google’s first visit to the institute.

IIM-C, which is also the internationally ranked at the numero uno position in finance by the Financial Times Global MIM survey 2013, managed to live up to its reputation. Financial majors like JPMorgan, Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs, Credit Suisse, Citibank, Royal Bank of Scotland, HSBC, Nomura and Standard Chartered recruited students in large numbers for investment banking, markets, and equities research roles during the process.  Credit Suisse hired exclusively from IIM-C for their IBD, sales and trading and equity research divisions.

Following the trend in recent years, management consulting firms flagged off the process with consulting majors such as McKinsey & Co., BCG, Bain & Co., AT Kearney and Accenture hiring in large numbers. Top Indian Banks like Axis Bank and ICICI Bank recruited for their corporate banking and treasury divisions.

Sales and marketing division too saw active participation from sectors like FMCG, media, telecom and healthcare. From the FMCG domain, companies such as  Procter & Gamble, Hindustan Unilever, Mondelez International, Nestle, J&J Consumer, Pepsi Co, Coca-Cola India, Reckitt Benckiser, Dabur, Asian Paints, GSK Consumer, L’Oreal and Kellogg’s took part in the drive.

Renowned media houses like Times Group, HT Media and Star India recruited students for their sales and marketing divisions as well.