IIM-C bags highest number of Slot Zero offers

Updated on: Friday, March 11, 2011

The Indian Institute of Management, Calcutta on Thursday claimed that students of the institution have bagged the highest number of offers during the final placement ‘Slot Zero' among all IIMs this year.

Two hundred offers, including 139 final placement offers and 61 pre-placement offers, were made during ‘Slot Zero.'

With a record 383 students participating in the placement process, the IIM-C authorities stated that the finance sector made the lion's share of offers with 31.3 per cent and was closely followed by the consulting (23.7 per cent) and marketing (21.6 per cent) sectors.

Remuneration offered by the ‘Slot Zero' finance companies are Rs.30 lakh to Rs.40 lakh for Indian locations and Rs.40 lakh to Rs.60 lakh for foreign locations.

While Slot Zero consulting firms offered Rs.20 lakh to Rs.25 lakh for Indian locations, the marketing firms offered Rs.15 lakh to Rs.20 lakh for the same.

The IIM-C authorities said that lateral placement too saw a 57.6 per cent increase compared to last year — from 92 to 145 offers.

The first day of the placement witnessed global investment banks like UBS, Morgan Stanley, Citigroup, Deutsche Bank, HSBC and Bank of America-Merrill Lynch hiring students for their desks across the globe.

McKinsey & Co, Procter & Gamble, Hindustan Unilever, ICICI Securities, Standard Chartered, Dabur, Cadbury, CRISIL, KPMG, Vodafone and Asian Paints also participated.

The IIM-C had introduced a new concept of ‘deferred placement' according to which students who do not prefer to take up a corporate job immediately after the completion of their courses can sit for placement process in the next three years.

Five students signed up for deferred placement this year, said the IIM-C authorities.

IIM-C bags highest number of Slot Zero offers

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