IIM Calcutta does it again, highest number of Slot zero offers across IIMs in Summer Placements 2010

 | November 22,2010 06:08 pm IST

IIM Calcutta’s summer placement process for the batch of 2010-2012 kicked off on November 10, 2010 and concluded on November 15 with placements being suspended for a day in between (in lieu of the Golden Jubilee celebrations) on November 14. The process lasted for a total of five days at the end of which all students who were a part of the placement process accepted offers.

The process was conducted in slots with each slot lasting for two days. Slot-0 took place on the 10th and 11th of November, Slot-1 on the 12th and 13th, and Slot-2 began on the 15th after a break on November 14. The process came to an end in slot-2, with all 353 students who sat for the placement process receiving offers by the fifth day. A total of 125 recruiters participated in the process across the 5 days. 

 

Slot Zero
Slot zero saw a total of 215 students accepting offers for their internships, an unprecedented number of offers in Slot-0 so far. This is also the highest number of slot-0 offers made across any IIM this year. It is an exceptional response from the industry and 62% of the batch was placed in Slot-0.


The slot-zero summer placement process for the batch of 2010-2012 of IIM Calcutta took place over two days, 10th and 11th November. The first day saw international investment banks, private equity firms and global consulting firms picking students, while the second day of slot-0 had firms like Hindustan Unilever, Procter & Gamble, Tata Administrative Services (TAS), Diageo, Aditya Birla Group and Edelweiss offering marketing, general management and finance profiles. 

 

International Offers 

Over 75 students will be interning in international locations, an increase of 20% over the last year. Internship locations offered include New York, London, Hong Kong, Singapore, Thailand, Dubai and even Vietnam and South Africa.


Sector-wise Information
In keeping with the institute’s reputation as the finance-campus of the country, 37% of the students in the batch of 2010-12 have opted for internships in finance. 20% of the students will be interning in consulting firms, 28% of the students in marketing roles and 8% in general management.

 

IIM Calcutta Summer placements 2010 sector wise breakup

 

Finance
A $6 billion hedge fund visited campus to pick students this year –only the second time that a hedge fund has visited an Indian B-school. It was in 2005 that a hedge fund had for the first time picked up 2 interns from IIM Calcutta. This year, the hedge-fund (name undisclosed) famed for recruiting only from Ivy League B-Schools in the US, broke tradition and hired from IIM-C. Once again, IIM Calcutta was the only campus in the country to host hedge-funds during placements.


A student has been offered an internship at the Chief Investment Officer’s desk at JP Morgan, which is the only such offer made across all IIMs.


On the first day of the process, RBS was the largest recruiter with 15 offers, which, coming from an ibank, is an unheard-of number in recent times. UBS made 12 offers at IIM Calcutta, the highest across any campus in the country. Macquarie Securities, visiting IIM campuses for the first time, made thrice as many offers as at any other campus in the country. Other major recruiters included Barclays Capital, Credit Suisse, Goldman Sachs, Nomura, BoA Merril Lynch, Morgan Stanley, JPMC, HSBC (Global), Citigroup and French investment bank BNP Paribas.


Boutique investment banks Elara Capital, Equirus Capital and Private Equity firms Jacob Ballas Capital, Multiples PE, M-Cap Fund Advisers, Clearwater Capital and Walden International also hired from the campus on the first day, offering a variety of finance roles. Houlihan Smith, a specialized investment bank, recruited exclusively from IIM Calcutta.


Consulting
Consulting was one of the top picks for students at IIM Calcutta this year, with 20% of the batch set to intern in various consulting firms this summer. McKinsey & Co, Bain & Co and AT Kearney made the highest number of offers at IIM Calcutta across all IIMs. There has been a 44% increase in the number of offers by slot-0 consulting firms compared to last year. Accenture was the highest recruiter (8 offers), with Feedback Ventures, Ernst & Young, KPMG and Frost & Sullivan also hiring students for consulting profiles.


Marketing & General Management
28% of the batch will be interning with marketing firms and 8% in general management profiles. Regular FMCG recruiters Hindustan Unilever, P&G, Nokia, Diageo and ITC were back this year, recruiting students in large numbers. ITC (8 offers) was the largest FMCG recruiter followed by P&G (6 offers). Other major FMCG recruiters who participated in the process are Coke, Pepsi, Airtel, Kraft, GSK and Marico. Tata Administrative Services (TAS) hired interns for its hugely successful leadership programme. Among Indian majors, the Aditya Birla Group, Mahindra & Mahindra and the RPG group offered general management roles.


Highlights
Highest number of Slot-0 offers across all IIMs
Only campus in India to host a hedge fund
Highest number of offers across campuses by 3 slot-0 consulting firms
Played host to 13 of the Top 20 global investment banks (based on Thomson’s League Tables)
Reputed law firm L&S hired students to work on strategy. This is the first time such a profile is being offered.
NGOs such as CRY also recruited from the campus, providing the students with an opportunity to work in the social sector


Batch Profile
The batch of 2010-12 had 68% students with prior work experience, compared to 63% last year. The average work experience of the batch is 20 months. The batch had a total of 91% engineers apart from doctors, economics graduates, naval architects, botanists & accountants, amongst others.


Conclusion
The 2010 summer placement process has reaffirmed the trust that recruiters place on the institute. There has been a considerable increase in both the number of offers per firm and the diversity of internship profiles offered to students this year. 


 

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Comments


Guest on 11/23/10 at 10:24 am

What the hell does Slot Zero mean? Does the write even understand this?

At IIMA, Cluster 1 and 2, which could be touted as the holy 'Slot Zero' that IIMC is bragging about, added up to a total of 265 offers, way beyond IIMC's number.

Slot Zero, as IIMC defines it, is the first and second day of Placements. Did CoolAvenues even care to find out the number of Slot Zero Placements at IIMA?

I pity the prospective MBA students who will read this article and believe it.


Aroop on 11/23/10 at 12:54 pm

What is slot zero, cohort , cluster , why cant all MBA colleges come with a proper normal name. why you guys need to come with a hi-fi sounding name to define a job where all you guys go and slog for some lala or so called MNC company and spend your life paying EMI and preparing your kids to be next generation slaves.

Frankly all IIM summer placement is pathetic. Where are PE funds, where are those IBs,? just some backoffice job in Burkina Faso and all you guys are dreamy eyed


NotGuest on 11/23/10 at 01:10 pm

@ Guest : And how many firms did A need to collect 265 offers ? We can continue the discussion from there :)


Guest on 11/23/10 at 01:45 pm

The number of slot zero offers at other two IIMs (A and B) was higher than 215.. Such an irresponsible piece of information... I hope media doesnt lose its sanctity and credibility....


asit on 11/23/10 at 01:54 pm

Who stops IIM A and B to come with correct picture rather than blaming media. Press release by all IIMs are as vague as possible and then they blame media.


Rohit on 11/23/10 at 11:30 pm

The news item is correct, IIM-C actually had the maximum number of slot zero offers.

Cluster 1 and 2 of IIM-A had companies coming in slot-1 of IIM-C! In short Cluster 1 + cluster 2 = slot zero + slot 1's first day. I hope you got my point as to why the total slot zero offers are highest at IIM-C

Regarding IIM-B, IIM-B had just around 150 offers in slot zero which is way behind 215 of IIMC.

Though slot zero placements are not a definite indicator of placements, I inspite of being from IIM-L have to accept that IIM-C had the maximum slot zero offers this time.


Guest on 11/24/10 at 10:52 pm

Doubt if you really are from IIM L.....


Guest on 11/24/10 at 02:21 am

http://economictimes.indiatimes.com/news/news-by-industry/jobs/RBS-top-recruiter-at-IIM-A-internships/articleshow/6951808.cms

I guess IIMC got insecure. For good reason, of course.


at Rohit on 11/25/10 at 04:51 pm

Name even one company that came in the first two clusters at IIMA or IIMB and came at slot 1 at IIMC.

Slot 0 = Day 0 + Day 0.5

IIMC further has this policy of calling up firms in the afternoon of Day 0 to get more number of firms as day 0 to shore up their numbers like a pathetic bunch of wannabes. Grow up, and respect your own B-School. IIM C B and A are great institutes in their own might, and do not need such petty bickering.

Here are the numbers, pure day 0 / cluster 1 (as released in the press by the institutes), which by no way indicate the quality of the institutes. It is not the numbers, but the quality of placements that matter, and in that, all three are equal more or less.

IIMC: 117
IIMB: 127
IIMA: 142


Guest on 12/31/10 at 02:32 pm

can anyone say what is the criteria/qualification/eligibility for iim student to be in slot0, slot1, slot2 and so on.

guys pls someone tell bcoz i m aiming to get placed in slot 0


admin on 12/31/10 at 02:50 pm

all students can participate in all slots. Slots are for companies. One a company come they invite students to apply and then interview the shortlisted candidates. Each company has its own criterion and guidline for shortlisting and selection.


ks on 01/13/11 at 02:14 pm

iim K is the best...at least we don't degrade our institute by pointless wastage of cyberspace indulged by delinquents like the ones here...get a life guys..go watch a movie or read a book or better still.. get a job!!


another guest on 12/25/11 at 05:17 am

Got a great impression on IIMK..

The intelligent quotients are high in top 3 IIMs

where are you common sense dude..

Nice one..