Meanwhile, IIM-K got Rs 1 lakh as the highest offer during summer placements. Indian Institute of Management Kozhikode (IIM-K), the first of the IIMs to conclude summer placements this year, saw a little over Rs 1 lakh as the highest stipend offered.
This is similar to the amount offered in 2008.
Global consulting and financial firms like Arthur D Little, JPMorgan Chase, Citigroup, HSBC, Deutsche Bank, and Standard Chartered Bank, among others, visited the campus this year. The batch strength increased from 180 in 2007 to 260 in 2008 and 309 in 2009.
While banks and other financial services firms like Deutsche bank, JPMorgan Chase, Edelweiss, HSBC and Citigroup lapped up as much as 21 per cent of the batch, business conglomerates like Escorts group, Ramky group and Shriram EPC offered profiles in corporate finance, with around 9 per cent of the batch opting for these roles.
The highlight of the second day of the summer placements was Tata Administrative Services (TAS) which recruited 10 students. This was the highest number recruited today by any single company. TAS, the Tata Group resource, picked 10 students for two-month internship in the summer of 2010. TAS would offer foreign postings to its interns, although the exact locations are yet to be finalised.
Apart from TAS, IIM Calcutta also played host to other firms like Hindustan Unilever, Procter & Gamble, Diageo and Aditya Vikram Birla Group. "The third day, tomorrow, also promises to bring in offers in large numbers from different sectors," IIM Calcutta maintained. IIM-C has 408 students to place this year -- about 100 more than the 2008 and 2007 summer placements.
On the first day of the summer placement season, which started on November 4, traditional recruiters returned to the campus this year, which brought to IIM-C some big offers from banks like Barclays Capital, Bank of America Merrill Lynch, Royal Bank of Scotland (RBS), and UBS. As many as three of the leading investment banks made offers in double digits. RBS was the largest recruiter of the day, recruiting 11 students. Morgan Stanley recruited from IIM Calcutta exclusively for its London desk. The banks offered profiles in investment banking divisions, global markets, equity research, sales and corporate banking.
Agencies
