43% offers at IIM-C from finance, consulting firms

The Indian Institute of Management (IIM)- Calcutta has concluded summer placements for its 56th batch, comprising 480 students of the MBA programme. A total of 136 firms offered nearly 200 roles to the class of 2021.

Finance and consulting firms accounted for 43.2 per cent of the total offers. Several firms also opened international roles, including Bank of America Merrill Lynch, Deutsche Bank, Barclays, and Hexaware, according to a statement from the institute.

Finance majors Brookfield, Macquarie, Gaja Capital, Bank of America Merrill Lynch, Barclays, Deutsche Bank, BPEA, Edelweiss, DE Shaw, and Avendus also participated in hiring interns.

Citibank, which hired 15 students, closely followed by Goldman Sachs , which hired 11, were the largest recruiters in the banking and finance sector. The sector also saw first timers including NIIF, Indigrid, and White Oak Capital Management among others.

The consulting sector attracted the highest number of offers, with participation from majors like Mckinsey, Bain, BCG, ATK, KPMG, Mastercard, and EY. BCG and Accenture Strategy were the largest recruiters, hiring 19 and 17 interns, respectively.

Sales & marketing and the general management domain covered 35 per cent of the total pie. Students were also offered leadership roles by conglomerates such as Mahindra & Mahindra, TAS, ABG, RPG, Godrej, and RIL.

FMCG majors such as HUL, P&G, Nestle, ITC, Johnson & Johnson, AB

Inbev, Mondelez, Coca- Cola, Asian Paints, Dabur, and the Rp-sanjiv Goenka Group also participated in the process. HUL was the largest recruiter in the sector, with 12 offers.

Product management, operations and the e-commerce sector shared 20 per cent of the total intern recruits. This segment saw an exceptional rise in the number of hires, said the institute.

Amazon and Microsoft were major recruiters with 20 and 12 interns respectively. Other major firms include Adobe, Media.net, Salesforce, Udaan, Cloudtail, Flipkart, Uber, Ola and Oyo.

Several firms were added across the spectrum to cater to a larger batch size and to provide multiple options to the students, said the institute. The number of participating firms grew by 13.33 per cent, which included first timers like Puma, Emami, Cochlear, Atha Group, Valuelabs, and the Apparel Group.

“The results speak volumes of our team’s capabilities. The speed at which we are able to get about 500 internship offers is phenomenal and unprecedented. That we are able to do this by following due process in a transparent manner is very satisfying,” said Abhishek Goel, member, Career Development & Placement Committee.