Indian Institute of Management (IIM) Calcutta has commenced pre-placement session for its 2014 batch and has already witnessed a 34 per cent increase in recruitments.
As of August first week, 78 students of a total strength of 454 on campus have received such offers. The count stands at 78 offers with 58 PPOs (Pre-Placement Offers) and 20 PPIs (Pre-Placement Interviews).
Management consulting firms made the maximum number of offers. The top four consulting firms: Mckinsey, BCG, Bain and A T Kearney in total gave 24 offers out of 31 candidates. McKinsey & Co and The Boston Consulting Group gave the maximum number of offers in this domain with 8 and 7 respectively. A.T.Kearney gave PPOs to all the IIM Calcutta students who interned with them, which is quite encouraging. The General Management domain also saw pre-placement offers from Tata Administrative Services (TAS) and the Aditya Birla Group. Philips gave 3 PPOs and 2 PPIs which is the highest across all B-schools. Pepsi gave out 3 offers across its Sales & MARKETING and Finance divisions, which is a 100 per cent conversion rate. Alshaya, a top retail franchise operator in the Middle East, gave 8 PPOs. Other companies that made offers include Bosch, Nestle, Shell, Vodafone and iNautix.
Deutsche Bank emerged to be the first bank to roll out pre-placement offer. More pre-placement offers are expected from INVESTMENT banks in the following months. On the other hand, pre-placement interview offers came from the likes of Mondelez, KPMG, L'oreal, Medtronics and HCL. "Companies seem to be realising the importance of summer internship programme and are hiring more through the PPO route. The current figures show an improvement in the economic situation as well as the profiles of the students at IIM Calcutta," said Prof. Rajiv Kumar, the Placement Chairperson of IIMC.
Last year students at IIM Calcutta received 112 PPOs in total by the end of the year and we are expecting an increase in this number. After an exceptional show at the final placements of the 2012-14 batch, these numbers reinforce the faith the firms across industries have on the students of IIM Calcutta.
Inputs from IIM Calcutta