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The Economic Times

Average salary at record Rs 28 lakh in IIM Calcutta final placements

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The institute offered “Dream” and “Wait and Hold” options to give its students more choices. Recruiters could also select from a larger pool and make offers to the most suitable candidates as per their choice.
IIM Calcutta completed placements for its MBA Class of 2020 with a record average salary of Rs 28 lakh and median salary of Rs 25.5 Lakh. The average salaries for the top 10% and the top quartile of the class were recorded at an all-time high of Rs 54.5 Lakh and Rs 41.8 Lakh per annum respectively, the institute said in a release.

The institute offered “Dream” and “Wait and Hold” options to give its students more choices. Recruiters could also select from a larger pool and make offers to the most suitable candidates as per their choice. 439 students bagged 492 offers from 136 firms participating in the placements process.

The Consulting sector was the largest recruiter with 31% offers. The Boston Consulting Group, McKinsey & Co., Bain & Co., Kearney, PricewaterhouseCoopers and Accenture were the top recruiters in the sector.

Marquee Finance and Private Equity-Venture Capital (PE-VC) firms made 83 offers (17%). Bank of America Merrill Lynch, Barclays, Goldman Sachs, Arga Investment Management, Gaja Capital, JP Morgan Chase and others extended top roles to the 55th batch of IIM Calcutta.

General Management and Sales and Marketing roles added up to 30% of the total offers. Major firms recruiting for such roles included TAS, Aditya Birla Group, Mahindra & Mahindra, Reliance, Vedanta, TrueNorth, Hindustan Unilever, Colgate-Palmolive, ITC, Mondelez, and FIITJEE.

22% of overall offers were rolled out in Product Management, IT/Analytics and Operations domains. Top recruiters included Microsoft, Google, Salesforce, Amazon, Flipkart, Udaan, EXL Service, American Express, HCL, UnitedHealth Group (Optum) & Mastercard.
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