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Finance firms lead recruitment in IIM-C summer placements

Views 0 Views    Comments 0 Comments    Share Share    Posted 16-11-2009  
Kolkata: As many as 61 Indian Institute of Management-Calcutta (IIM-C)students got internship offers abroad with 43 percent landing up jobs in banks and equity firms, during summer placements conducted by the institute this month.

The placements - a course requirement that expects every student to complete a two-month industry internship during the summer vacation between two years of the course - were held at the campus here Nov 4 -11 with all the 407 students of the 2009-11 batch getting offers.

"Signalling the end of the bad times, finance dominated the scenario with 43 percent of the students taking up jobs in banks. This included 80 offers in investment banks and private equity firms, as compared to last year`s 58," said IIM-C Career Development and Placement Office Chairperson Prafulla Agnihotri.

Marketing firms recruited 50 percent more than last time, picking up more than a quarter of the students.

Among the investment banks, the Royal Bank of Scotland made the largest number of offers - 11. Barclay`s Capital, Bank of America - Merrill Lynch and Nomura also recruited from the campus. Among the other recruiting banks were UBS, Credit Suisse, JP Morgan Chase, HSBC Global, Morgan Stanley and Deutsche Bank.

The leading consulting firms included Mckinsey, Bain, BCG and At Kearney. The private equity firms who returned to the campus included Baring Private Equity Partners and Mount Kallett Capital Management.

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