World Bank visits an IIM for the first time; BCG, Amazon among major recruiters:Indian Institute of Management Calcutta kicked off its summer placements process on 5th November with a flurry of firms queuing up to hire interns. In just two days of recruitment - day 0 and day 1, more than 230 offers were made.
As usual, consulting firms started the processes with consulting majors such as BCG, Bain & Co, and AT Kearney hiring in large numbers. BCG extended the most number of offers, recruiting 12 students for their summer internship program. The total number of consulting offers stood at 43.
In recognition of the global standing of IIM Calcutta, World Bank visited the campus and offered 3 positions in their Financial Instruments and Treasury departments. This is the first time that students from any IIM are being recruited for internship to the organisation.
Despite the bleak economic scenario, IIM-C witnessed participation from a number of major banks. Bank of America Merrill Lynch, Nomura and HSBC were amongst the many international offers made to the students. Other banks which hired from the campus include JP Morgan Chase, Barclays Capital, Royal Bank of Scotland, Credit Suisse, Standard Chartered, and Rothschild among others. Private Equity firms were not to be left behind with Macquarie Infrastructure Fund recruiting exclusively from the campus. India Alternatives and Mizuho securities, the third largest investment bank in Japan, were some other names which picked up students, reinstating the stature of IIMC as the Finance Campus of the country.
With the new changes being implemented from this year onward, the second day was a 'day-break' with only pre-processes (GDs, personals interviews) happening on this day. As expected, this provided a respite for the students after a hectic first day, allowing them more time to make better decisions.
The institute has been in talks with the industry for some time now and has implemented the changes after due consideration. Vivek Sunder, an alumnus of IIM Calcutta and currently the Associate Director, Customer Business Development heading the Market Strategy and Planning Department in P&G India said, The new system facilitates better recruitment decisions. As a student makes an informed choice about a sector/firm, the company which recruits him/her is set to benefit along with the student. With such large batch sizes, the new system will reduce pressure for both, the students as well as the recruiters. It is a welcome step in the right direction. Vivek has been visiting campuses for recruitment for a few years now.
Sales and Marketing saw abundance of offers with companies like Hindustan Unilever Ltd, Procter and Gamble, ITC, Kraft Foods, Nestle, Johnson & Johnson, Pepsi Co, Dabur, Asian Paints, Airtel, and Nokia recruiting on campus. P&G and Kraft Cadbury led with 7 offers.
General Management firms were not behind, with ABG making 8 offers. TAS and Mahindra recruited in good numbers as well.
DuPont hired for the first time from any IIM for their Marketing Leadership Development Program. M.H. Alshaya Co. offered a new profile in their Fashion and Footwear vertical based out of Kuwait. Amazon spearheaded the day with 11 offers in Operations, Business Development and Product Development.
As placements enter the third day on 8th November, a good number of companies from various domains are expected to visit the campus.