Kolkata (Calcutta)The Buzz

IIM Calcutta average annual package at ₹28 lakh this placement season

New Delhi: The Indian Institute of Management Calcutta (IIM Calcutta) on Wednesday said it has completed this year’s placement process and all students in the outgoing batch have been recruited in jobs with an average salary of ₹28 lakh per annum, a 10% growth from 2019.

IIM Calcutta said 136 firms offered 492 jobs to its 439 outgoing students making them eligible to accept the best offers. The premier B-School said while the average annual package of the entire batch was ₹28 lakh, the salary of top 10% and best quartile of the outgoing batch averaged at an all-time high of ₹54.5 lakh and ₹41.8 lakh, respectively.

“The institute offered “Dream” and “Wait and Hold” options to allow its students to realise their full potential at a top institute. Recruiters could also select from a larger pool and make offers to the most suitable candidates as per their choice. 439 students gathered 492 offers from 136 firms participating in the placements process,” the B-School said.

Consulting firms were the largest recruiters with 31% of the total offers. The Boston Consulting Group, McKinsey & Co, Bain & Co, Kearney, PricewaterhouseCoopers and Accenture were the top recruiters.

Finance and private equity–venture capital firms gave 83 offers (17% of total) and among them Bank of America Merrill Lynch, Barclays, Goldman Sachs, Gaja Capital, JP Morgan Chase made the best offers.

“General management, and sales and marketing roles added up to 30% of the total offers. Major firms recruiting for such roles included Tata Administrative Service (TAS), Aditya Birla Group, Mahindra & Mahindra, Reliance Industries, Vedanta, TrueNorth, Hindustan Unilever, Colgate-Palmolive, ITC, Mondelez, and test prep firm FIITJEE,” IIM Calcutta said.

Placement at IIM Ahmedabad is underway, and so far, the response from consulting and finance firms has been good. Placement at IIM Bangalore will start later this week. Some other top B-Schools including IIM Lucknow, IIM Kozhikode, Great Lakes Institutes of Management, Fore School of Management, Indian School of Business, have already completed their placement processes with 5% to 15% hike in average annual salaries

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