Broadening choices

Updated on: Wednesday, March 17, 2010

Kolkata: Indian Institute of Management, Calcutta (IIMC) released its placement reports of the 2008-2010 batch, according to which students were offered more than expected diversity and number of roles. Financial sector, mostly private banks, clinched the highest number of talents in the placement season this year at IIMC standing at 37 per cent, as against 40 per cent last year.

“Last year we had banks and PSU at the campus in large numbers, due to which this gap can be explained. But this year a welcoming trend I observed was, many companies came exclusively to IIMC campus, for corporate finance and treasury positions, that was not the situation earlier,” shared Dr Prafulla Agnihotri, career development and placement officer, IIMC.

Agnihotri shared that five offers were made in the CTC category of above one crore, and the highest package was offered by a private bank. The lower limit of salary this year was placed at 8.5 lakhs per annum as against 6.5 lakhs last year, inspite of which, the campus placements were over before expected.

“We had far more number of offers on first 2 days (of which 91 were accepted by students) than we expected. There were 22 companies lined up on March 10, but we had to tell them sorry, we have only seven students left, due to which companies like NTPC and Union Bank did not come in anymore. Only one student took up one of the two offers made by PSU- BHEL and this student had no other private sector offer,” said Agnihotri.

The highest domestic package offered was from a private back stood at Rs 75 lakh this year, while last year it stood at Rs 60 lakh, while the average domestic salary package post economic slowdown has gone up by 20 per cent at IIMC.

Sharing the report, both Agnihotri and acting director Arup K Sinha emphatically stressed that in the process of career building, what matters more is not the salary figures, but the satisfaction one looks to get out of the profile chosen.

“Take it from old hand safed baal teachers like me, that not money, but satisfaction matters more. To get chances they want, and take up challenging jobs, the challenges are perhaps greater,” said Sinha with a smile.

And this made the student’s experience worthwhile. “In terms of diversity job profiles, options have increased since last year. We had a profile where the person would be directly reporting to the chairman of a big infrastructure company. And then someone was offered position of assistant vice president. There was someone working in strategic marketing division. Thus in terms of the breadth of roles, choices have increased manifold,” said Sriharsha Majety, first year IIMC student, placement coordinator.

Broadening choices

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