Indian Institute of Management Calcutta

Final Placement Report 2006-2007

Introduction
IIM Calcutta wrapped up its Final Placements season for 2006-07 in great style, with
records tumbling all over the place. IIMC lived up to its record of excellent placements
by placing the largest batch of students across all IIMs (251 this year) in the shortest time
(5 days, Day 1 of Slot 2) across all IIMs and for IIMC. It also set new parameters to judge
the success of B-School placements in the process.

…and the records keep tumbling down

A total of 108 companies participated (72 during final placement and 36 during laterals).
89 students took up slot 0 offers this time, up from 64 last year, which is a record for
IIMC. The highest foreign salary offered to any management student ever on Indian soil
went to an IIMCian this year – US$ 250,000(Rs 1.1 Crores). This offer was made to two
students by a leading investment bank for their New York desk. Of course, the previous
record of US$ 221,000 also belonged to IIMC.

Hefty Pay Packets

The highest domestic salary offered was a whopping Rs 40 lakhs. Unlike most B-Schools
these were not mere outliers, proven by the staggering rise in the domestic average
salary in Slot 0 to Rs 20.9 lakh from Rs 14.8 lakh last year.

The Lateral Surge

Firms from a wide range of operational areas hired students with work-experience for
senior executive levels notably the offer of Country Head by an energy company and
Assistant Vice-President by a financial services company. Other senior roles offered

Career Development & Placement Office placement@iimcal.ac.in

Phone: +91-33-2467 8309, 2467 8152 Fax: +91-33-2467 7053
 Indian Institute of Management Calcutta

were in Middle management by the Aditya Birla Group and that of Foreign Engagement
Manager by IT majors Infosys and Cognizant. The end of the laterals season saw close to
120 offers being made making it the most successful laterals across B schools in India
this year.

The other significant change noticed in laterals this year has been the wide range of
domains from which companies have recruited. Whereas laterals was earlier the
exclusive hunting ground of the IT companies , this year saw companies, both domestic
and international, recruiting from steel (Arcelor-Mittal), manufacturing (Trident),
FMCG (Pepsi), retail (TESCO, M.H. Alshaya, Reliance), real estate (Feedback Ventures),
consulting (KPMG, PWC), general management (Tata Strategic Management Group),
energy (Acme), financial (Citi Financial, Standard Chartered), and pharmaceutical (Dr
Reddy's and Pfizer) sectors.

India Calling
The total number of foreign accepted offers reached an all time high of 58. Along with
this, a heartening aspect of the placement season has been the preference shown by
many students for domestic offers. Over a dozen students rejected overseas offers to stay
back in India though in the same industries and companies, pointing towards a healthy
trend in recruitments at the top B-school. This is mainly due to the booming growth
story of India and the surge of the investment banks and consulting companies into
Indian soil.

New Recruiters and the Finance Stronghold

Apart from the usual suspects – world’s leading strategy consulting firms and
investment banks – there were several firms that chose to recruit exclusively from the
Calcutta campus. JP Morgan Chase, BNP Paribas, Sun Group (Private Equity) and
Optiver, among others, decided to give all other B-Schools a by and pick all their fresh
recruits from IIM Calcutta. Optiver is a trading brokerage firm that usually limited its
recruitment drive to Ivy League management schools before this and since it lays a lot of
emphasis on quantitative skills IIM Calcutta is a natural choice.

Career Development & Placement Office placement@iimcal.ac.in

Phone: +91-33-2467 8309, 2467 8152 Fax: +91-33-2467 7053
 Indian Institute of Management Calcutta

IIMC was also happy to welcome a number of leading companies to the campus for the
first time. Among them are ING (Netherlands), Bain Consulting, Trikona (Real Estate
and Private Equity), CIC (Real Estate and Private Equity), Value Partners (Strategy
Consulting) and Optiver (Market Maker).

An Ivy League Institute in India

With multiple investment banks offering Associate positions to 4 students and
consulting firms offering positions usually offered only to Ivy League schools, IIM
Calcutta alumni have earned the institute the deserved right to be ranked amongst the
top B-Schools across the globe.

Emerging Markets – Emerging Industries

In addition to Investment banks, firms from retail and supply chain management also
offered foreign locations. Another trend of note was the influx of firms from the middle-
east. The increase in offers from Singapore, Hong Kong and other South East Asian and
East Asian markets is a testament to the trust in IIM Calcutta’s talent to lead the growth
in these sunrise industries and high growth markets.

Overall IIMC witnessed a large number of very good companies from all major industry
sectors coming to recruit its students and this promises excellent career prospects for
graduate of IIMC. It is clear that the managerial talent at IIMC is now globally
recognized. We are seeing a steady increase in the number of companies interested in
recruiting from IIMC. In addition to domestic appointments, IIMC graduates will be
taking up positions in US/New York, UK/London, Europe, the Middle East
(Dubai/Kuwait), Singapore, Hong Kong and Tokyo. IIMC is committed to developing
its excellent relations with the recruiting companies and expects increasing numbers of
companies to come for recruitment in the future. Taken together, the PPOs, Laterals and
Final offers have established a very satisfactory record for the IIMC batch of 2007.

Career Development & Placement Office placement@iimcal.ac.in

Phone: +91-33-2467 8309, 2467 8152 Fax: +91-33-2467 7053
 Indian Institute of Management Calcutta

Appendices
Given below are the statistics for the placement season 2006-2007
Total number of students: 251
Total offers: 531
Total companies: 108

Laterals: Number of initial accepts were over 100 with number of offers being well over
200. The average salary was Rs. 12.48 lakhs and the highest was Rs. 27 lakhs.

New comers:
ING (Netherlands), Bain Consulting, Trikona (Real Estate and Private Equity), CIC (Real
Estate and Private Equity), Value Partners (Strategy Consulting) and Optiver (Market
Maker).

Recruiting exclusively from IIMC:

JP Morgan Chase, BNP Paribas, Sun Group (Private Equity) and Optiver.

Packages offered:

2006 2007 % Increase

Slot 0 Highest Domestic INR 23 Lakhs INR 40 Lakhs 74%
International 152,000 USD 250,000 USD 64%
Average Domestic INR 14.65 Lakhs INR 20.9 Lakhs 43%

Slot 1 Highest Domestic INR 16.75 Lakhs INR 18 Lakhs 7%

Average Domestic INR 9.65 Lakhs INR 12.35 Lakhs 28%

Slot 2 Highest Domestic INR 12.5 Lakhs INR 17 Lakhs 36%

Average Domestic INR 8.48 Lakhs INR 9.95 Lakhs 17%

Total Average Domestic INR 9.81 Lakhs INR 14.17 Lakhs 44%

Career Development & Placement Office placement@iimcal.ac.in

Phone: +91-33-2467 8309, 2467 8152 Fax: +91-33-2467 7053
 Indian Institute of Management Calcutta

Sectors which students chose

Student-Sector Distribution

9%

12% 30%
Consulting
Finance
General Management
12%
Sales & Marketing
IT

37%

Career Development & Placement Office placement@iimcal.ac.in

Phone: +91-33-2467 8309, 2467 8152 Fax: +91-33-2467 7053
 Indian Institute of Management Calcutta

Sectors to which firms belong to

Firm-Sector Distribution

Sales &
Consulting
Marketing
23%
25%

General
Management
10%
Finance
42%

Student profile

Age Distribution

Above 28
3%
26-28 20 - 22
15% 24%

23-25
58%

Career Development & Placement Office placement@iimcal.ac.in

Phone: +91-33-2467 8309, 2467 8152 Fax: +91-33-2467 7053
 Indian Institute of Management Calcutta

Work Experience (months)

8%
18%
8%
11-21 months
22-24 months
25-30 months
23% 31-40 months
40-60 months
More than 60 months
38%
5%

Work experience (number of students):

Less than 11 months: 93
From 11 – 22 months: 28
From 22 – 40 months: 105
More than 40 months: 25

Work Experience (Sector - Non IT)

Manufacturing
11%
Financial Services
11%
40% Energy

Other Services
11%

Non-Profit, Education
and Government
13% Consulting
14%

Career Development & Placement Office placement@iimcal.ac.in

Phone: +91-33-2467 8309, 2467 8152 Fax: +91-33-2467 7053
 Indian Institute of Management Calcutta

Summer Internship

Consumer Consulting
Products 13% Pharma
Manufacturing
19% 8% 3%
Insurance
2%
Other Private Equity
High Tech & 9% 2%
Telecom
Real Estate
19%
1%
Financial Media
Services 1%
32%

Career Development & Placement Office placement@iimcal.ac.in

Phone: +91-33-2467 8309, 2467 8152 Fax: +91-33-2467 7053