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IIM Calcutta has had a remarkable Placement year. With a graduating batch size of 251, the largest across all premier management institutes and business schools, IIM Calcutta came out in flying colours, attracting the best firms and best jobs coming to campus. The success of Placements 2003 reflects the traditionally strong recruiter perception of IIM Calcutta. Strong recruiter perception is the result of industry interaction that is not limited to recruitment but across a wide range of areas. A good example of this is the collaboration with industry in courses being offered on campus. Among the most sought after optional courses in marketing, for example are the two conducted with interaction with leading corporate houses - Marketing in Practice and Strategic Brand Management. It is this synergistic interaction with leading corporates that also explains one of the more noteworthy aspects of Placements 2003 - i.e., the phenomenally successful lateral placement programme. The lateral placement programme, meant for students with significant work experience, was begun in 2000 to allow both firms and students more flexibility in recruitment. The programme itself has evolved in the last couple of years and now is an important and integral part of the placement process. This year 54 offers were made in the lateral placement programme. The strong lateral process is also an additional reason for IIM Calcutta's standing among recruiters. Given the fact of large graduating batches, IIM Calcutta has always emphasised the building of enduring corporate relationships. In this we have been assisted substantially by our alumni. Being the first IIM to be set up in the country, we now have alumni spread all over the world. It is this large and very well networked alumni resource that we have consistently leveraged in interacting with firms both at home and abroad. IIM Calcutta encourages and nurtures independent thinking and the space within which to 'be different', to explore new avenues. As a result our students tend to be more entrepreneurial and risk-taking. Like always, this year there were students who decided not to go down the well-trodden path to corporate success. For example, Vinayak Lohani, opted out because he decided to dedicate himself to social work and wants to start his own NGO. Similarly, Deekshant Sehrawat, decided to pursue a career in music. Turning to specifics of about Placements 2003
Some of the prominent firms that participated in the recruitment process at IIMC this year were, ABN Amro, American Express, Asian Paints, AV Birla Group, Bharat Shell, Bharti, Barclays Capital, Boston Consulting Group, Cap Gemini Ernst & Young, Castrol, Citibank, Cadbury, Colgate, Coke, Cognizant Technologies, CRISIL, Deutsche Bank, Dr. Reddy's, Eli Lilly, Evalueserve, General Electric GE-SBI, Glaxo SmithKline, HCL Technologies, Hewitt Associates, Hindustan Lever, IBM, ICICI Bank, ICICI Prudential, Infosys, ITC, Johnson & Johnson, Kanbay, Marico, McKinsey & Co, National Kidney Foundation of Singapore, Pepsico, Polaris, Pricewaterhouse Coopers, Procter & Gamble, Ranbaxy, Satyam, SIFY, Standard Chartered Bank, Syntel, Tata Administrative Services, Tata Consultancy Services, Tata Strategic Management Group and Welspun. Among first time recruiters at IIM Calcutta this year are Deutsche Bank (India), Castrol, GE-SBI, Evalueserve, National Kidney Foundation of Singapore, Lafarge, ICICI Prudential, Sify, Syntel and the Welspun Group. Indeed around 20% of the companies that visited campus were first-time recruiters. Some of the largest recruiters on campus were ICICI Bank (22 offers), HCL Tech (17), PwC (14), TCS (12), HLL (11), CTS (9), GE-SBI (9), Kanbay (8), CRISIL (7), IBM (7), Indian Oil Corporation (7), GE (6), Wipro (6). In comparison with last year the batch was placed with fewer number of firms. In Placements 2002 a batch of 247 students were placed in 88 companies which made a total of 290 offers. The fact of placing the batch with fewer number of companies perhaps reflects the mild upturn in the economy as compared with last year. Industry-Sector Wise Details:
In terms of sectors Information Technology and IT Enabled Services, accounting for more than 30% of the total jobs on offer, came back in a big way. It also underlines the fact that our Post Graduate Diploma in Computer-aided Management (PGDCM) has made IIM Calcutta the premier business school for firms operating in the IT space. Recruitment by firms in the IT space also reflects a maturing of the industry with firms hiring across functions from business development to finance and marketing rather than being limited to purely IT related activities. The largest recruiter in this segment was HCL Technologies with 17 offers. IIM Calcutta’s strength in Finance is reflected by the fact that about 21 percent of total job offers made were in Banking and Financial Services sector. Indeed ICICI Bank which has been a major recruiter in management institutes and business schools this year, made 22 offers, the largest across management institutes and business schools in the country. The FMCG sector accounted for 14% of jobs offered. Hindustan Lever Ltd. (HLL) with 11 offers was the largest recruiter in this segment. Again, this is the largest number of offers made by HLL across campuses. Consulting and Manufacturing accounted for 9% each of the offers made. With 14 offers Pricewaterhouse Coopers was the largest recruiter in the consulting space. In the last couple of years Pharmaceutical companies have become important recruiters on campus. Continuing that trend this year saw Pharmaceutical companies increase their presence on campus accounting for 5% of the jobs offered on campus. Another noteworthy fact was return to recruiting of large public sector companies that not long ago used to be major recruiters in management institutes. Indian Oil, Air India, HPCL and BPCL were among the major PSUs that recruited from IIM Calcutta this year. The table below gives the percentage-wise functional area break-up for lateral and final placements.
In terms of functional areas, sales and marketing accounted for 32% of jobs on offer, followed by consulting and general management with 24%. Finance accounted for 21% and Systems 18% of jobs offered. 5% of the jobs offered were in operations. A total of 25 pre-placement offers were made by companies such as Deutsche Bank, HSBC, Barclays, American Express, HLL, P&G, GE Capital Services, Times Group and Johnson & Johnson. Lateral Placements As noted earlier, our Lateral placement process has been an important strength. What makes Placements 2003 special are the 54 Lateral Offers, a 30% increase over last year. A total of 18 companies spanning across diverse sectors like Consulting, Information Technology, Pharmaceuticals, Financial Services, FMCG and Manufacturing recruited lateral hires from IIM Calcutta. With companies like HLL, Pricewaterhouse Coopers, Kanbay, Cap Gemini Ernst & Young, Crisil, Evalueserve, Sify and Dr. Reddy’s Laboratory participating in the Laterals programme, lateral placements this year have been exceptionally good , both in terms of the number of offers and the salaries offered. It is worth noting that 50% of the jobs offered in the laterals processes were in general management and consulting. In Placement 2002, 13 companies participated in the lateral placement process and made a total of 40 offers.
Salaries:
In comparision with last year, there has been a 15% increase in overall domestic median salary. Domestic Sector-Wise Salaries:
Click here to Debate on latest trends of Placements 2003 as the saga unfolds itself.
Read complete story of Placement 2002 as it happened along with analysis and comparison across the B-Schools and segment-wise analysis.
Read complete story of Placement 2001 as it happened along with analysis and comparison across the B-Schools and segment-wise analysis.
Read complete story of Placement 2000 as it happened along with analysis and comparison across the Indian and US B-Schools and segment-wise analysis. Mail your comments at: webmaster@coolavenues.com 
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