IIM-C too bags 100% offers this summer

Recession seems to be over, if the 100% summer placement at Indian Institute of Management-Calcutta (IIM-C) is anything to go by.  The six-day summer placement session at IIM-C ended on Wednesday, with all students of the 2009-11 batch landing offers.

A spokesman claimed the batch was the biggest among all IIMs. “The new MHRD [ministry of human resource development] stipulations provided for higher intake of students and the IIM-C batch swelled to 407, a 33% rise from last year, the most in the IIMs’ history. The students were from a highly diverse background. Some of them had offers from institutes such as NYU Stern, Cornell, University of Bocconi (Italy), London School of Economics and HEC Paris,” he said.

The spokesman said the highlight of the summer placements was the return of investment bankers such as The Royal Bank of Scotland, Barclays Capital, Bank of America and Merrill Lynch.

“Nomura too recruited from our campus, burying the ghost of Lehman Brothers, the most favoured recruiter last year. UBS, Credit Suisse, JP Morgan Chase, HSBC Global, Macquarie, Rothschild, Morgan Stanley, Deutsche Bank and Goldman Sachs also recruited,” he said, adding that 61 students managed overseas placements.