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IIM Calcutta summer placements: BFSI sector offers highest stipend of Rs 4.5 lakh/month

Ipsita Sarkar | Updated on: 17 November 2016, 16:32 IST

At Indian Institute of Management (IIM) Calcutta summer placements 2016, a first-year student of post-graduate diploma in management (PGDM) was offered a monthly stipend of Rs 4.5 lakh. Maximum offers were made by consulting firms, while BFSI (Banking, Financial services and Insurance) sector offered the highest stipend on campus.

According to the statement released by the institute, over 460 summer internship offers were made to the PGDM students. Out of this, the consulting sector had the highest share of 24%, followed by BFSI sector at 23%. BFSI also offered the highest stipend for the season at Rs 4.5 lakh per month.

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Top recruiters in consulting sector included Bain & Co., Boston Consulting Group, Mckinsey and Co, A T Kearney and Accenture Strategy. Accenture was the largest recruiter in the consultancy domain.

"A total of 14% of the batch was hired for leadership roles in conglomerates like Tata Administrative Services, Aditya Birla Group, Mahindra & Mahindra and others. Aditya Birla Group stayed on top as the largest and most consistent recruiter in this domain with the highest number of offers," noted the institute statement.

In BFSI sector, the number of banking sector firms and private recruiters participating in the placement process went up. Goldman Sachs emerged the top recruiter in this category. In FMCG and consumer product firms such as HUL, P&G, ITC and L'Oreal also hired in large numbers. Food and beverages companies like PepsiCo, Coca-Cola, Mondelez and Nestle hired 19% of the batch in sales and marketing roles as the summer placements for the class of 2018 successfully concluded last week.

First published: 17 November 2016, 16:32 IST
Ipsita Sarkar @piercingharmony

Ipsita writes on education with focus on schools, higher education (engineering, B-Schools), HRD ministry, policies, and startup ecosphere. She's previously worked with Hindustan Times and Shiksha.com.