IIM Calcutta concludes Final Placements for the 59th Batch of their flagship MBA program

The season saw the participation of many first-time recruiters like Jio Financial Services, Hero Fincorp, Yubi, Sobha Realty, Sirius AI, Husk Power Systems and DMI Finance.

IIM Calcutta :- IIM Calcutta’s flagship MBA program concluded the final placements for the 59th batch on 15th February 2024, recording another year with 100% placements. 464 Students took part in the process, securing 529 offers rolled out by 194 companiesdespite the tough market conditions. The consulting sector emerged as the top recruiter yet again with 167 students (31.6%) bagging offers. Accenture Strategy emerged as the top recruiter among the consulting sector which included firms like EY-Parthenon, Monitor Deloitte, KPMG, Pricewaterhouse Coopers, Vector Consulting and Arthur D. Little, McKinsey, BCG, Bain, Kearney amongst others.

IIMC continues to attract marquee finance firms and remain the finance campus of the country. 114 students (21.5 %) entered marquee finance firms from the Private Equity, Venture Capital, Investment Banking, Markets, Asset and Wealth management domains which saw participation from firms like Goldman Sachs, JP Morgan and Chase, Bank of America, Citibank, Barclays, HSBC, BNP Paribas, Arga, Avendus, Neo Asset & Wealth Management, Kotak Alternate Assets, Kotak Mahindra Capital, Ambit, Incred, Prime Ventures, Orios VP, Premji Invest, Elevation Capital, O3 Capital, Gaja Capital and Innoven Capital among others.

Both new and legacy firms participated in the process. The technology sector witnessed the participation of firms like Microsoft, Navi, Arcesium, Media.Net, Uber, Angel One, HCL, Newgen, Zomato, Javis, and NPCI which extended offers to 88 students (16.6%) and Marketing and General Management sector like ITC, Loreal, Proctor & Gamble, Dabur, Tata Administrative Services, Vedanta, Adani, Hinduja, Aditya Birla Group, Essar Group, JSW and Reliance among others which recruited 130 students (24.6%). This year, witnessed a new trend of firms offering role in ‘Founder’s office’. These roles were offered by OLA, IndusInd Bank, Newme,  ParkStreet, PoshN, Kofluence among others. The season saw the participation of many first-time recruiters like Jio Financial Services, Hero Fincorp, Yubi, Sobha Realty, Sirius AI, Husk Power Systems and DMI Finance.

This year saw many trends, a greater interest in Pre-placement offer route. Several global firms participated as first time recruiters and IIMC is happy to partner with them for with its strong talent pool. The institute also continues to support the start-up ecosystem of the country with many students joining the “founder’s office” to contribute to the growth of the start-ups. As always the strength and affection of the alumni base and network of the institute continued to shine through the placement process. This year, we also launched Joka Dialogues- Industry Conclave to deepen our alumni relationships. The inaugural edition was held on the 13th of January at the IIMC campus. With the intention of ensuring a fair, transparent process and better candidate-student fit, the institute continued to follow the Cluster-cohort system with Dream and Hold and Wait policies Prachi Gupta from the 59th Batch, who shall be joining EY-Parthenon said “The final placements at IIM Calcutta this year have been extremely good, especially given the stressed market conditions. The number of new recruiters and roles has been the highest the institute has seen in many years, kudos to the Placement Team. The Dream and Hold & Wait policies have been exercised in its fairest sense.”

Manoj Kumar from the 59th batch who shall be joining Husk, had to say “Getting through the final placements has been a real win for all of us. The Placement team did a great job by bringing in a bunch of diverse companies and making sure we students felt looked after. Coming back to campus after COVID had its own set of hurdles, proving we can handle whatever comes our way. The whole experience really showed us that it's not just about the pay but finding the right fit where we can put our passion to work. The cluster-cohort system actually helped us figure out where we fit best.”

NimrujiJammulamadaka, Chairperson, Placement Committee said, looking at the market conditions, we were ready for the long haul and focused on diversifying the recruiter base and building student resilience. We must say, the institute has been successful in this regard. The Joka Spirit of “we leave no one behind” is one of the greatest strengths of the Joka community comprising students and alumni has helped us weather the tough conditions.

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