12 Feb 2020 13:56 IST

IIM Calcutta placements: Average salary highest-ever at ₹28 lakh

The Boston Consulting Group, McKinsey, Kearney and Bain & Company were top recruiters

The average salary at IIM Calcutta stood at ₹28 lakh - the highest-ever, with the median salary at ₹25.5 lakh. The average salaries for the top 10 per cent and the top quartile of the class were the highest-ever — ₹54.5 lakh and ₹41.8 lakh per year respectively.

The institute offered “dream” and “wait and hold” options to allow its students to realise their full potential. Recruiters could also select from a larger pool and make offers to the most suitable candidates as per their choice. A total of 439 students gathered 492 offers from 136 firms.

Consulting sector offer maximum offers

Continuing the trend witnessed in summer placements held in October 2019, the consulting sector was the largest recruiter with 31 per cent offers. The Boston Consulting Group, McKinsey & Co, Bain & Co, Kearney, PricewaterhouseCoopers and Accenture were the top recruiters in the sector.

Marquee Finance and Private Equity-Venture Capital (PE-VC) firms made 83 offers (17 per cent). Bank of America Merrill Lynch, Barclays, Goldman Sachs, Arga Investment Management, Gaja Capital, and JP Morgan Chase extended top roles to the 55th batch of IIM Calcutta.

The general management and sales and marketing roles added up to 30 per cent of the total offers. Firms recruiting for such roles included TAS, Aditya Birla Group, Mahindra & Mahindra, Reliance, Vedanta, TrueNorth, Hindustan Unilever, Colgate-Palmolive, ITC, Mondelez and FIITJEE.

Microsoft, Google top recruiters

A total of 22 per cent of overall offers were rolled out in product management, IT/analytics and operations domains. Top recruiters were Microsoft, Google, Salesforce, Amazon, Flipkart, Udaan, EXL Service, American Express, HCL, UnitedHealth Group (Optum) and Mastercard.

Prof Abhishek Goel, Chairperson, CDPO, IIM Calcutta, said: “Introduction of Superset has made our processes even more transparent and efficient. We remain committed to providing better outcomes for our students and recruiters through policy and process changes.”

Prof Prashant Mishra, Dean, NIER, said: “We are pleased to see that our sustained efforts to make the process more satisfying for students and recruiters are bearing fruit.”

Prof Anju Seth, Director, IIM Calcutta, said: “I congratulate our graduating students on receiving such coveted employment offers. These demonstrate the high value of the education imparted at IIM Calcutta and our students' remarkable skills and capabilities.”