23, Dec 2011

In a process that took 12 days, the Indian Institute of Management (IIM), Calcutta closed the summer placement process for the batch of 2011-13. Although the placements began as a 5-day process, more time had to be invested to cover the biggest batch ever at IIM Calcutta with 458 students seeking internships. At the end of it, 15 students chose not to take up the projects available and instead to look for internships on their own. Of the 160 firms that participated in the process, 18 did not recruit any. There were 66 firms that were visiting IIM Calcutta for the first time.

Over 85 students will be interning in international locations such as London, New York, Germany, Hong Kong, Singapore, Malaysia, Thailand, Switzerland, Brazil, Kuwait, Dubai, Vietnam, and South Africa.

No data on sectoral or functional drilldown of internship offers were available and hence the institute’s placement committee could not provide exact numbers relating to the offers.
Finance companies across the globe were present in good numbers. Deutsche Bank recruited for their London office while Barclays Capital, Credit Suisse, Goldman Sachs, Nomura, JPMC, HSBC (Global), Citigroup, BoA Merrill Lynch, Morgan Stanley, and French investment bank BNP Paribas, Japan-based Daiwa and others recruited for their branches in London, New York, Hong Kong, and Singapore.

RBS made 15 offers to become one of the largest finance recruiters among big names such as Metals trading firm Duferco (Switzerland), boutique investment banks such as Alpen Capital (Dubai), Madison Street Capital, and private equity firms Headland Capital, Jacob Ballas Capital, Multiples PE, and Clearwater Capital.

As many as 24 students were offered internships by consulting companies BCG, Bain, McKinsey, and AT Kearney. For the first time the niche consulting firm GEP (Global eProcure), which focuses on supply chain consulting, hired from the campus. Frost & Sullivan recruited interns for their Singapore office. Other firms that hired for consulting roles include Accenture, Alshaya, Feedback Ventures, Deloitte, and KPMG. McKinsey made eight offers, the largest among consulting firms that visited the campus.

ITC, which made seven offers, was the largest FMCG recruiter this year. Other sales and marketing recruiters were Hindustan Unilever, P&G, Kraft Cadbury, Nestle, Coca Cola, Pepsi, Johnson & Johnson, Cairn Energy, SuperMax, Airtel, Vodafone, GSK, and Marico.
Tata Administrative Services (TAS) hired interns for its leadership program. Aditya Birla Group, Mahindra & Mahindra, and the RPG group offered general management roles.