IIM Calcutta Competes 100% Placements 2024; 464 Students Placed

IIM Calcutta has completed 100% placements for the flagship MBA programme for the 59th batch on February 19, 2024. About 464 students took part in the process, securing 529 offers from 194 companies. IIM Calcutta has not revealed salary statistics for Placements 2024. This year’s placements at IIM Calcutta saw the participation of many first-time recruiters like Jio Financial Services, Hero Fincorp, Yubi, Sobha Realty, Sirius AI, Husk Power Systems and DMI Finance.

IIM Calcutta Placements 2024: Key Highlights
Following are the key highlights of IIM Calcutta Placement 2024:

• Achieves 100% placement
• Average salary 2024 has not been shared. Last year, average salary was Rs 35.07 LPA in Placement 2023.
• Highest salary has gone up all time high at Rs.1.2 crore
• First-time recruiters include Financial Services, Hero Fincorp, Yubi, Sobha Realty, Sirius AI, Husk Power Systems and DMI Finance.

Nimruji Jammulamadaka, Chairperson, Placement Committee said, “Looking at the market conditions, we were ready for the long haul and focused on diversifying the recruiter base and building student resilience. We must say, the institute has been successful in this regard.”

IIM Calcutta Placements Trends: 2017-2024

Placement year	Highest Salary (Rs.in lakhs)	Average salary  (Rs. in lakhs)
2024	Rs 1.2 Crores	Not Released
2023	1.15 Crore (Domestic) 94.82 LPA (International)	35.07 LPA
2022	--	34.20 LPA
2021	60 LPA (Domestic) 80 LPA (International)	29.00 LPA
2020	80 LPA	28.00 LPA
2019	72 LPA	25.36 LPA
2018	75 LPA	24.2 LPA
2017	70 LPA	20.0 LPA

Source: MBAUniverse.com Placement Report 

IIM Placements 2024: Check Placement Report, Average and Highest Salary Package

IIM Calcutta Placements 2024 – Consulting Sector Key Recruiter
The consulting sector emerged as the top recruiter yet again at IIM Calcutta with 167 students (31.6 percent) bagging offers. Accenture Strategy emerged as the top recruiter among the consulting sector which included firms like EY-Parthenon, Monitor Deloitte, KPMG, Pricewaterhouse Coopers, Vector Consulting and Arthur D. Little, McKinsey, BCG, Bain, Kearney, amongst others.

IIM Calcutta Placements 2024 – Finance Sector amongst Top Recruiter
IIM Calcutta continues to attract prestigious finance firms and remains the finance campus of the country. About 114 students (21.5 percent) entered marquee finance firms from the private equity, venture capital, investment banking, markets, asset and wealth management domains, which saw participation from firms like Goldman Sachs, JP Morgan and Chase, Bank of America, Citibank, Barclays, HSBC and others.

IIM Calcutta Placements 2024 – Technology Roles Offered
The technology sector witnessed the participation of firms like Microsoft, Navi, Arcesium, Media.Net, Uber, Angel One, HCL, Newgen, Zomato, Javis and NPCI, which extended offers to 88 students (16.6 percent).

IIM Calcutta Placements 2024 – Many Marketing & General Management Roles Offered
Marketing and general management sector firms like ITC, Loreal, Proctor & Gamble, Dabur, Tata Administrative Services, Vedanta, Adani, Hinduja, Aditya Birla Group, Essar Group, JSW and Reliance among others, which recruited 130 students (24.6 percent).  

 IIM Calcutta Placements 2023: Key Highlights
Following are the key highlights of IIM Calcutta Placement 2023:

• The whole placement process was concluded in a short time in hybrid mode
• Achieves 100% placement for the class 2023 with more offers despite the large batch
• Average salary increased by 3% at Rs.35.07 LPA in Placement 2023 from Rs.34.20 LPA last year
• Highest domestic salary has gone up all time high at Rs.1.15 crore
• Highest International salary goes up all time high at Rs.94.82 LPA
• Median Salary has gone up by 9% at Rs. 33.67 LPA in Placement 2023 from Rs.31 LPA last year
• All time High Average and Highest Salary
• Average salary for Top 25% students goes up by 5% at Rs. 50.86 LPA in placement 2023 from Rs.48.39 LPA last year
• 573 offers were rolled out to the students from the prominent recruiters
• 41% Batch got Placed in Consulting domain
• Finance & Consulting together have 56% share in Placement 2023
• Top Recruiters include Accenture, Amazon, BCG, Goldman Sachs, McKinsey, EY, Bain & Co, Aditya Birla Group among others

IIM Calcutta Placements 2023: Key Highlights
Following are the key highlights of IIM Calcutta Placement 2022:

• The whole placement process was conducted virtually amid the pandemic.
• Achieves 100% placement for the class 2022 with more offers despite the large batch
• Average salary increased by 18% at Rs.34.2 LPA in Placement 2022 from Rs.29 LPA last year
• Median Salary has gone up at Rs.31 LPA in Placement 2022 from Rs.27 LPA last year
• Large batch size with 465 students in Placement 2022
• 631 offers were rolled out
• Number of Recruiters making placement offers increased to 190 from 172 last year
• 49% Batch got Placed in Consulting domain
• Finance & Consulting together have 67% share in Placement 2022
• Accenture, Boston Consulting Group, EY, Bain & Co, HUL emerge as top recruiters

Top Recruiters
Prominent recruiters in IIM Calcutta placement 2023 include Accenture Strategy, Amazon, Adobe, Bain & Co., Aditya Birla Group, A91 Partners, BNP Paribas, Boston Consulting Group, Franklin Templeton, Goldman Sachs, HSBC, Macquarie Group, Nomura, Kearney, McKinsey & Co, Tata Administrative Services, Vedanta,  Flipkart, Microsoft, Navi, Paytm, Salesforce, Zomato among others

Sector Wise Placement Highlights
Consulting and Finance comprised 56 percent of total placements as has been the trend at IIM Calcutta.  Below are shared the key highlights of sector wise placements and key recruiters

Consulting: Top Recruiting Domain with 41% Share
Like last year, Consulting Sector emerged as the top recruiting domain in IIM Calcutta placement 2023 with 232 offers in this sector. Consulting firms like Accenture Strategy, Bain & Co., Boston Consulting Group, Kearney and McKinsey & Co. were the top recruiters in the consulting sector.

Finance: 15% Share
IIM Calcutta, the most preferred MBA college in Finance area recorded 86 offers in Finance area. 15 percent students got offers in Finance domain in Placement 2023. Students were selected by top Investment Banking, Asset Management, Private Equity Venture Capital firms. IIMC witnessed participation from financial institutions including A91 Partners, BNP Paribas, Franklin Templeton, Goldman Sachs, HSBC, Macquarie Group, Nomura, among others

General Management and Sales & Marketing: 23% Share
Sales & marketing sector with 52 offers and general management with 82 offers together accounted for 23 per cent of total hires, with companies like Aditya Birla Group, Tata Administrative Services and Vedanta which were some of the top recruiters in this sector.

IT & E-Commerce: 18% Share
Software services and E-commerce accounted for 18 percent of placements at IIM Calcutta. Top recruiters included Amazon, Adobe, Flipkart, Microsoft, Navi, Paytm, Salesforce and Zomato among others.

New Recruiters
IIM Calcutta also witnessed several new recruiters during placement 2023 apart from regular recruiters.

IIM Calcutta Cluster Cohort: “Dream” and “Wait and Hold” Options
The fast Placement 2023 at IIM Calcutta is a result of initiatives taken during last few years. Students at IIM Calcutta co-developed a scheduling system which increased efficiency and ensured maximization of interface opportunities between students and recruiters.

IIM Calcutta applies cluster-cohort, “Dream" and “Wait and Hold" options to allow its students to realise their full potential at the top institute. Recruiters could also select from a larger pool and make offers to the most suitable candidates as per their choice. The hold and wait and dream policies enable recruiters to find a better company-student fit. The placement at IIM Calcutta follows cluster-cohort process with all companies of a cluster getting equal opportunity to interview. The process was conducted in a hybrid Online and offline mode.

The “Dream policy” at IIM Calcutta Placements imply that students can choose and apply to a specific industry and company according to their expectations while the “hold & wait” policy enables students to hold their offers and interview for other companies. IIM Calcutta saw the expansion of hold and wait policy with 16 extra offers and dream policy with 34 extra offers.

The Indian Institute of Management Calcutta (IIMC) was established as the first national institute for Post-Graduate studies and Research in Management by the Government of India in November 1961 in collaboration with Alfred P. Sloan School of Management (MIT), the Government of West Bengal, The Ford Foundation and Indian industry.

Over the years, IIMC has grown into a top B-school and matured institution with global reputation, imparting high quality management education. It has been playing a pioneering role in professionalizing Indian management through its Post Graduate and Doctoral level programs, Executive Training Programs, Research and Consulting Activities.

IIM-C: International Centre of Excellence
The vision of the Institute is to emerge as an International Centre of Excellence in all facets of Management Education, rooted in Indian ethos and societal values. Over the past 6 decades, IIM Calcutta has developed into one of Asia's finest Business Schools. Its strong ties to the business community make it an effective mechanism for the promotion of professional management practices in Indian organizations. Today, IIM Calcutta attracts the best talent in India to its faculty and the best and brightest young men and women pursue its academic programs.

IIM Calcutta is the first IIM to have earned triple accreditations by AACSB (Association to Advance Collegiate Schools of Business), AMBA (Association of MBAs) and EQUIS - the three major international accreditation bodies for Business Schools. 

Stay tuned to MBAUniverse.com for more updates on IIM Calcutta