Despite an economic slump reported by industries after the COVID-19 pandemic, the MBA batch 2021 of the Indian Institute of Management (IIM) Calcutta has seen a rise in the salary packages being offered to them in the recently concluded placement drive.
For a total of 467 students who took part in the placements process, more than 520 offers were made for various profiles, informed the IIM-C. IIM Calcutta’s flagship MBA program recorded 100 per cent final placements. The whole placement process was conducted virtually because of the pandemic. A total of 172 firms participated in the final placement process.
The average and median salaries rose to Rs 29 lakh and Rs 27 Lakh, respectively, reported the institute.
“The pandemic and economic slowdown impacts were visible in some sectors. While consulting and finance roles continued to comprise roughly half the placements as seen in previous years, general management and marketing roles came down from 30 per cent last year to 15 per cent in 2021,” IIM-C said in an official statement.
In yet another reflection of the economy in 2020-21 and current trends, major software services and e-commerce platforms boosted their hiring from IIM-Calcutta campus. Big brands including Microsoft, Amazon, Flipkart, Paytm etc., recruited 24 per cent (111 students) of the batch for various product management and fintech roles.
Consulting Sector emerged as the top recruiter with 149 students (32 per cent) opting for these roles. Further, 90 students were selected by investment banking, asset management, private equity venture capital firms, resulting in about 19 per cent placements in the sector.
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