Recession Beaten Again in the Recruitment Game at IIM Calcutta

Recession Beaten Again in the Recruitment Game at IIM Calcutta

IIM Calcutta conducted its summer placements for the batch of 2009-11.The process, which lasted for six days (including a Sunday), ended with all 407 students of the batch landing an offer.

What is the Summer Placement Process?

As part of the course requirement, every student of IIM Calcutta is expected to complete a two month industry internship during the summer vacation between the two years of the course. The summer placement process is held to facilitate internships for the students. The process gains importance as there are many firms that hire on a strict PPO policy – i.e. they hire interns and, after evaluating their work for the two months, make them a pre-placement offer (PPO). These companies in most cases do not come for the final placements.

Profile of the Largest Batch any IIM has ever seen

With the new MHRD stipulations, IIM Calcutta had a larger intake than any other IIM. This gave rise to a batch which was bigger than any other seen in any IIM’s history – 407 students which was a 33% increase from last year. The batch had its highly diverse background, with students who held offers from colleges such as NYU stern, cornell, university of bocconi (Italy), London school of economics and HEC Paris among others. Many had worked in firms such as deutsche bank, JP morgan,goldman sachs, credit suisse, mckinsey and merrill lynch before coming to IIMC.

The 2009-11 batch boasted of diversity generally unseen in Indian B-schools. The diversity varied from highly accomplished sportspersons (international and national level basketball, chess, swimming, rowing and archery competitors) to people who have worked with firms such as the world bank and the reserve bank of India. There were those who taught as rock-climbing instructors, those who are working on starting butterfly farm chains; there are others who have been involved in massive projects such as the modernizing of the Bangladesh railway System. At least seven of the students have their own startup ventures.

Overview of the Placement Process

Keeping the large batch size in consideration, IIM Calcutta declared that the placement process will remain open as long as students are without offers. There was no placement window announced this time. IIMC follows a one-offer policy in its summer placements; students are not required to apply for firms they aren’t interested in, and they are out of the process once they accept an offer.

«Previous
1
2
3
Next »

Contributed by -
Paul Savio & Rohan Mahajan,
External Relations Secretaries,
IIM, Calcutta.

MBA Alumni \| MBA Students \| MBA Aspirants \| MBA Forums