Recruiters queue up at IIM-Calcutta Campus for Summer Placement
IIM Calcutta has concluded its summer placements for the Class of 2020 with more than 120 companies participating in the process, making offers to the 458 candidates who had opted for the summer internship in the 55th batch (Class of 2020), as per IIM C statement.
The highest number of offers (26%) during the summers came in from the Banking and Financial Services domain. Citibank was the largest recruiter in the sector. Other prominent names recruiting from the campus were Bank of America Merrill Lynch, Barclays, Credit Suisse, Goldman Sachs among others.
The consulting sector was another prominent recruiter with 100-plus (22%) accepted offers during the placement process. Boston Consulting Group made the maximum number of offers in the industry while others like McKinsey & Co., Bain & Co., A.T. Kearney and Alvarez & Marsal also recruited from campus.
The campus saw active participation from FMCG majors such as Hindustan Unilever., Procter & Gamble, ITC, RB, Colgate Palmolive, Johnson & Johnson, Coca-Cola, General Mills, Dabur, Nestle, Jubilant Foodworks. AB InBev was the largest recruiter in the sector. In healthcare, recruiters such as Dr.Reddy’s, Glenmark, Medtronic, Stryker, Boehringer Ingelheim too offered roles across functional domains.
Conglomerates such as Mahindra & Mahindra, Tata Administrative Services, Reliance, RPG, RP-Sanjiv Goenka Group, JSW offered leadership roles, with the Aditya Birla Group making the highest number of offers in the domain this year as well.
Product Management, E-Commerce, and Operations hired 15% of the class of 2020. Recruiters included Amazon, Uber, Cloudtail, Flipkart, OLX, Swiggy, Hindustan Coca-Cola Beverages among others. Bharat Petroleum Corporation Limited returned to the campus with four offers; technology firms such as Capgemini, Microsoft, Tata Consultancy Services hired summer interns as well.
About 10% of the recruiters in this season were first-timers. Boehringer Ingelheim, Byju’s, Grofers, Kimberly Clark, PhonePe, Salesforce, Stryker were the top new recruiters. Several firms offered international internships.
The IIM C, which has upped its global ranking this year, is working on a strategy to improve further. According to the Financial Times London’s Global MBA Ranking 2018, the institute’s rank elevated to the 78th position in 2018 from 95thin 2017. The broad parameters on which the institutes are ranked include the value for money, career progress, female faculty, female students, international faculty and students.
Bharatendu Nath Srivastava, Director-in-charge, IIM-C, said the institute is exploring the possibility of entering into new partnerships for student and faculty exchange programmes and engaging closely with its alumni. It is also undertaking a review of the curriculum for its two-year flagship PGP programme.
“We have made some plans to improve our ranking globally, and wish to come in the top 50,” Srivastava told BusinessLine. IIM-C has short-duration student exchange programmes. “We are trying to build new partnerships to bring more faculty from other countries as it gives a global orientation. We would also look to bring more students to such exchange programmes,” he said. According to Runa Sarkar, Dean, academics, IIM-C, the institute is in the process of reviewing the curriculum for its two-year PGP course and hopes to implement the revised curriculum shortly.
“We undertake the review of curriculum once every five years to make sure it is relevant. While many of our course improvements are faculty driven, we also have a systemic review. This should get implemented soon,” she said.
The review is an ongoing process at IIM-C wherein the institute drops two-to-three courses each year and includes sessions, which are ‘more relevant’ in the changing economic and global scenario.
The institute is also looking to work more closely with its alumni, particularly with the people who have ‘tread a different path.’
“We are increasing our connect with social entrepreneurship through courses and other initiatives to encourage students’ interest,” she said.
Students who opt out of placements to try their hands at such social entrepreneurship projects are given the facility of deferred placements. According to Sarkar, there has been a rise in interest among students to pursue such initiatives.
Image source: Udayan Singh