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Kolkata, West Bengal

Indian Institute of Management Calcutta (IIM C)

by REEYA SINGH 338 July 3, 2024

IIM Calcutta completed its placement drive for the 59th batch of their flagship MBA Program on February 14, 2024.  The batch of 2022-24 secured 100 percent placements with a total of 464 students securing 529 offers by 194 reputed companies. Consulting sector topped the recruitment process with 167 students that is approximately 31% of the total batch profile. Additionally IIM Calcutta takes in pride with the highest package that stood at 1.2 crore per annum.

Moreover as per the media reports , 540 offers were made during IIM Calcutta MBA summer placements. The highest stipend stood at INR 1.59 lakh and the median was INR 1.50 lakh. Lets delve deeper into the insights of 2024 placements.

IIM Calcutta Placements: Overview

The placement season at IIM Calcutta for the batch of 2022-24 witnessed an impressive display of recruitment activity. With diverse pool of 464 students ready to make their mark in the corporate world, the institute maintained its long lived legacy and reputation for producing world class business leaders.

Placement particularsStatistics
Highest PackageINR 1.2 crore per annum
Offers Made529
Companies Visited194
Top Recruiting sectorConsulting (31.6%)
Placement Percentage100 %
Top RecruitersAccenture, Deloitte,  KPMG, Bain & Company, Mc Kinsey, Goldman Sachs and many others.

Also Read, IIM Calcutta Admission

IIM Calcutta Placements: Summer Internship 2024

The summer internships for 2024 batch have been concluded with an average stipend of INR 1.59 lakhs and a median stipend of INR 1.5 lakhs. Consulting and Finance stood at first positions bagging the highest number of internships. The top recruiters for summer internships were Accenture Strategy, Bain & Co., BCG, Bank of America , JP Morgan Chase and Macquarie Group .Sector Wise Distribution for the summer internships 2024 is provided in the table below-

SectorsNo. of Students PlacedPlacement Percentage
Consulting165 59%
Finance115
Sales & Marketing73 32%
General Management76
E- commerce & Software Services-  7%
A vast majority of students approximately 59 % got the summer internships in Consulting and Finance Sectors. Following it was Sales & Marketing and General Management with 32 % placements.

IIM Calcutta Placements: Key Highlights of 2023

1. Placement Statistics

The overall placement rate for the batch was outstanding 100% which was conducted in a hybrid mode . This allowed recruiters to conduct the process both online and on- campus. Moreover students were provided with 'Hold and Wait' option across various clusters increasing the likelihood of each student receiving their desired job till the end of the placement process. The table below summarizes the placement statistics of past year in detail.

ParticularsMBA Placements 2023
Highest Domestic PackageINR 1 crore per annum
Highest International PackageINR 94.82 LPA
Average PackageINR 35.07 LPA
Median PackageINR 33.67 LPA
Batch Size465
Offers Made573
Companies Visited190
New Recruiters39
Placement Rate100%

There was a 2.5 % year on year increase for average salary and 8.6 % for median salary. Cluster 1 secured 266 offers and Cluster 2 got 253 offers.

The following bar chart shows batch wise average and median packages offered to MBA students in 2023 placements-

2. Distribution across Domains:

The placement report reveals a diverse array of recruitment from various domains, with consulting receiving the most number of placements. The percentage distribution of students opting for different sectors in the 2023 placements is presented in the pie chart below:

The information below outlines the average, median and highest CTC offered for different job sectors-

SectorsAverage CTCMedian CTCHighest CTC
FinanceINR 50 LPAINR 40 LPAINR 1.15 CPA
ConsultingINR 35 LPAINR 35 LPAINR 80 LPA
OperationsINR 30 LPAINR 25 LPAINR 35 LPA
MarketingINR 30 LPAINR 25.50 LPAINR 40 LPA
Product ManagementINR 40 LPAINR 25 LPAINR 70 LPA
General ManagementINR 30 LPAINR 25.50 LPAINR 94.82 LPA

The Finance Sector paid the highest package at INR 1.15 CPA . The top average and median CTC was also provided by finance sector which stood at INR 50 LPA and INR 40 LPA respectively.

3. Placements Past Year Trends:

An improving trend was observed in the average and median packages offered in past three years from 2021 to 2023.

The pattern over the past three years is highlighted in the table below -

Particulars202120222023
Overall Average PackageINR 29.28 LPAINR 34.20 LPAINR 35.07 LPA
Overall Median PackageINR 27.67 LPAINR 31 LPAINR 33.67 LPA
Highest PackageINR 1.37 CPA1.3 CPAINR 1.15 CPA

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4. Top Recruiters

A total of 190 recruiters participated in the placements of year 2023. Various multinational corporations and top domestic firms took part in the placements with 39 first time recruiters adding to the institute's ever expanding network. A list of top recruiters is presented below:

AmazonAccentureDeloitteGoogleMorgan Stanley
SamsungHSBCIBMBCGGoldman Sachs
EdelweissEssarCapgemeniAirtelAdobe
L'OREAL Adani GroupBank of AmericaMicrosoftMcKinsey & Company

The placement report of 2023 reaffirmed the institute's position as an incubator for future business leaders. Moreover the diversity of sectors, impressive placement rate and high average and median salaries highlighted the success of both the institution and its graduates.

Also Read, IIM Calcutta Cut offs

IIM Calcutta Placements FAQs

Q1. How is the placement of IIM Calcutta?

Placements at IIM Calcutta continues to set benchmarks in the field of management securing 100 % Placements as previous years.

Q2. What is the highest salary offered at IIM Calcutta ?

The highest salary recorded was INR 1.2 CPA for 2024 and INR 1.15 CPA for 2023 placement drive.

Q3. Which sector secured highest Placements ?

Consulting sector emerged as the top sector with 31.6% placements placing 167 students.

Q4. Were any International offers made during the Placement process ?

Yes , many students got international offers during the placement drive 2023 with the highest package offered being INR 94.82 LPA.

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