Kolkata :IIM Calcutta completed its final placement week for the 58th batch of its flagship 2-year MBA programme on 24th February 2023 by securing 573 offers for the entire batch.
This Placement drive fully followed a cluster-cohort process with all firms of a cluster getting equal opportunity to interview. The process was conducted in a hybrid mode and saw the expansion of Hold and Wait (16 extra offers) and Dreams (34 extra offers) policies. IIM Calcutta implements cluster-cohort, hold and wait and dreams policies to enable recruiters to find a better Company-Student fit.
The consulting sector recruited the highest (232 offers), followed by the Finance sector (86 offers), and the two sectors accounted for 55.5% of the total hires. The campus welcomed the participation from top financial institutions like A91 Partners, BNP Paribas, Franklin Templeton, Goldman Sachs, HSBC, Macquarie Group, Nomura, etc. Leading consulting firms like Accenture Strategy, Bain & Co., Boston Consulting Group, Kearney and McKinsey & Co. were the top recruiters in the consulting sector.
Sales & Marketing (52 offers) and General Management (82 offers) combined accounted for 23.4% of total hires, with companies like Aditya Birla Group, Tata Administrative Services, Vedanta, etc. being amongst the top recruiters in this sector.
Top software services and E-commerce brands continued their strong showing accounting for nearly 18.2% of hires. Top recruiters included Amazon, Adobe, Flipkart, Microsoft, Navi, Paytm, Salesforce, Zomato, etc.
The Placement Season concluded with students receiving average yearly compensation of INR 35.07 Lakh and median compensation being INR 33.67 Lakh, with the top 25% percentile (in terms of salaries offered) of students receiving yearly compensation on average of INR 50.86 Lakhs.
Akhil Sachan from the 58th batch said, “The final placements this year at IIM Calcutta have been exceptional, especially when you take account of the stressed market conditions. The Joka Spirit of standing together and not leaving anyone behind stood tall once again when two years’ worth of effort fructified during the last week. The placement team has done a commendable job by bringing in a large number of new recruiters and providing a greater variety of roles. They have been phenomenal in their efforts and ensured a smooth and streamlined process for the batch.”.AkshitaPuri, also a member of the 58th batch, expressed her views on the recently concluded placements saying,”They say you have to fight the bad days to earn the best days of your life. I had the best minds and hearts in the form of my friends, solid support from our placement team and just the brilliance of the Joka spirit with me. The placement process in one of the best institutes in the country could be as smooth as possible, be it in the way everything was handled throughout or just how each one of us felt like there are a number of forces working for us to achieve our dreams. All of us will forever be grateful for all that IIM Calcutta has given us.”.
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