IIM-C sees top banks, consulting cos on Day-1

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Kolkata: After a year of lull, signs of recovery were evident at the IIM-C campus on Wednesday with the world’s leading finance and consulting firms flocking the top business school on day one of summer placements for the 2009-2011 batch.

“The day saw a healthy mix of regular and new recruiters,” said IIM-C sources. To the great relief of the batch of 408, traditional recruiters, including banks such as Barclays Capital, Bank of AmericaMerrill Lynch, the Royal Bank of Scotland, and UBS, made an appearance. As many as three of the leading investment banks made offers in double digits, though external relations secretary Paul Savio said exact figures were yet to be ascertained. RBS was the largest recruiter of the day, picking 11 students.

Morgan Stanley recruited from IIM Calcutta exclusively for its London desk. The absence of Lehman Brothers was no longer felt, with Nomura, the firm that took over Lehman, making offers too, according to an IIM-C release.

The banks offered profiles in investment banking divisions, global markets, equity research, sales and corporate banking.

The world’s leading consulting firms were also among the first day recruiters. Highly sought-after firms such as McKinsey, Bain, BCG and AT Kearney recruited students in the range of 3-5 per firm.

According to placement cell sources, IIM Calcutta also played host to private equity firms, including first time recruiter Mount Kellett Capital which recruited from IIM-C exclusively.

Apart from the positions within India, students have been offered roles across the globe, signalling perhaps that the worst days of the downturn is over.