Booming economy a boon for IIM-C grads

Kolkata, March 23 | Updated: Mar 24 2005, 05:30am hrs
The economy is booming and the tell-tale smell of it is evident in this years final placements at the Indian Institute of Management, Calcutta (IIM-C). Consultants have emerged as the strongest recruiter for IIM-Cs graduating batchsize of 240. Global consultancy giants like McKinsey & Co, Boston Consulting Group, AT Kearney, Arthur D Little, Accenture, PwC, KPMG, Ernst & Young, Deloitte, SAP have flocked to the IIMC campus on a recruiting spree.

In terms of compensation offered, the highest foreign offer was made by Bank of America for $123,500. The highest domestic offer was made by the Sun Group which offered a package of Rs 16 lakh. While average foreign salary was pegged at $93,826, the average domestic salary was Rs 8.32 lakh.

Interestingly, consultancy firms McKinsey & Co, The Boston Consulting Group, AT Kearney and PwC all made their highest number of offers across all B-schools in India. McKinsey & Co also made offers for its Singapore office in addition to the Indian offices.

In all, 139 companies had confirmed participation in final placements 2005, out of which only 78 companies could come and recruit with the other firms unable to recruit as the entire batch had already been placed.

Prominent recruiters this year were McKinsey and Co, The Boston Consulting Group, AT Kearney, HSBC, UBS Investment Banking, Dresdner Investment Banking, IFC (World Bank), SUN Group, Citibank, Standard Chartered, Morgan Stanley India, Mittal Steel, British Gas, ICICI Bank, and PwC. Investment banking firms like Deutsche Bank, HSBC, UBS Investment Banking, BNP Paribas, Dresdner Investment Banking, Barclays Capital, Temasek Holding and Bank of America recruited for different functions and locations. UBS Investment Banking and Dresdner Investment Banking recruited students exclusively from IIMC. There was also a first-time participation from International Finance Corp.

In FMCG, the top recruiters were Proctor & Gamble, HLL, ITC, Eurosuisse, Nestle, Cadbury, Coke and Dabur. For the first time, software giant Microsoft recruited for its Redmond office.