IIM Calcutta Closes SIP Recruitment With 100% Placement and 570 Offers

Indian Institute of Management (IIM) Calcutta officials have announced the conclusion of its SIP placements. The university has achieved a 100% internship placement rate, with over 570 offers in total for their 476 students. More than 140 companies participated in the virtual summer internship programme recruitment this year. These firms include notable companies such as Accenture Strategy, Bank of America, Bain & Co., and Boston Consulting Group.

The recruitment window closed with all students obtaining an average stipend of INR 1.4 lakh per month. Furthermore, the top quarter of participants have obtained monthly stipends higher than INR 2 lakh. Chairperson of the career development and placement committee Prof. Chetan Joshi congratulated all applicants on their placements as quoted, “…very heartening to see that the hard work of one and all in the IIM Calcutta community once again led to 100% summer placements. Kudos to the placement team’s effort and dedication. We thank recruiters for continuing to repose faith in what Joka has to offer.”

IIM Calcutta Placement Sector Data

Companies from the financial sector dominated the recruitment process this year, hiring around 121 students. Coming narrowly in second are firms from the consulting sector, who have scouted 120 students this year. Both the financial and consulting sectors account for more than half of the total SIP hires.

Institute representatives provided a statement regarding the Summer Internship Programme placement process. As quoted, “This placement drive was completely virtual and saw the expansion of Hold & Wait (50 extra offers) and Dreams (36 extra offers) policies which allowed all students to hold multiple offers and enabled companies to find a better Company-Student fit.” The institute also commented on the recent popularity of software and e-commerce jobs within the student body. “The students continue to show interest in new-age startups such as Byju’s, Navi Technologies, OLX, Swiggy, and Unacademy…” the official noted.