Finance companies dominate IIM-C placements

Kolkata, April 9 (IANS) Despite the global economic slowdown, the final batch of 352 students of the Indian Institute of Management-Calcutta (IIM-C) got placed during the campus selection, with the finance sector at 28.53 percent contributing the largest number of offers, followed by consulting companies with 26.80 percent of the offers.

The placement process conducted in slots got completed before time and witnessed the participation of over 50 well-known companies from various sectors, according to an IIM-C statement.

The 'slot zero' placement, where the most coveted firms participate, was driven primarily by the finance sector followed by consulting and consumer good makers.

The slot zero finance firms' compensation generally comprised a fixed component ranging from Rs.30-40 lakh for domestic locations and Rs.40-60 lakh for foreign locations, plus a bonus component ranging from 100 percent to 200 percent.

In the same slot, consulting firms offered around Rs.20-25 lakh as base package plus bonus component for Indian locations, while marketing companies offered in the range of Rs.15-20 lakh for Indian locations.

While regular recruiters like Accenture Management Consulting, Amazon, Microsoft, Google, and Shell among others made offers across diverse profiles there were also 15 new companies participating in the recruitments.

Microsoft made the largest number of offers to candidates across three different profiles.

Internet and e-commerce companies also recruited candidates in large numbers. General Management roles were offered by corporate houses such as Aditya Birla Group, Hinduja, Adani Group, Punj Lloyd, Bosch, and Ericsson among others for their leadership roles.

Offers were made in the consulting domain by firms such as Deloitte, Accenture, Capgemini, CTS, PwC, and BMGI among others which recruited students for senior positions such as Consultant/Senior Consultant.

Among the top recruits is a student who would be joining as the Head of India Retail Operations for a luxury apparel brand while another would be joining as the Assistant Vice President of Sales with Genpact.

While 95 pre-placement offers were made to students by companies, where students did their summer internship there were 130 job offers for students with work experience.