Job offers at IIM-C dip in 2017 placement season

The Indian Institute of Management-Calcutta (IIM-C) registered a five per cent fall in job offers in the 2017 placement season. IIM-C got 474 offers for a batch of 455 students, against 499 for a batch of 439 students last time.

The time taken for the placement process is also half a day more than previous year’s record of 2.5 days. In the 2017 final placement season, the highest domestic package stood at ~70 lakh per annum, while the highest international package amounted to $130,000 per annum.

Portfolios in finance and consulting companies increased this time. Offers were down in IT companies and start-ups. Sales and marketing and general management & strategy portfolios also saw three per cent dip each. It was not clear whether the drop in job offers was because of demonetisation. IIM-C professors were not available for comment. Twenty-nine per cent of the offers were given by finance companies such as Arga Investment, BAML, Citibank, Goldman Sachs, HSBC, JPMC and others, against last year’s 27 per cent. Twenty-two per cent of the offers was given by the consulting sector, including companies such as Accenture, AT Kearney, Bain, BCG and McKinsey. Last year, the consulting sector — led by Boston Consulting Group, Bain & Co, McKinsey, AT Kearney and Accenture Management Consulting — comprised 20 per cent of the total offers.

In the sales and marketing domain, which accounted for 12 per cent of the placements this year, HUL, ITC, P&G and Reckitt Benckiser led the pack. The 2016 batch had received as many as 75 offers from these firms.

This year, general management firms like Aditya Birla Group, CK Birla Group and TAS offered 15 per cent of the total offers, three per cent lower than previous year’s.