IIMC going strong

Jeet Biswas (ACMA (in Service)) (5073 Points)

25 February 2009  

IIM-C may land up Rs 1 cr pre-placement offer

25 Feb 2009, 0153 hrs IST ET Bureau

 

KOLKATA: Economic slowdown or depressing job scenario, IIM Calcutta remains unfazed. Brilliance has bagged a crore yet again, and although there 

Placement


is no official confirmation on it, campus news suggests that a pre-placement offer (PPO) has crossed the magical Rs 1 crore mark and unless it gets topped in the current round of placements, it may as well steal the thunder for IIM-C this year. 

It is a global investment bank that has made this offer and eddies around the campus suggest it’s Barclays, for a plum London posting. Once again, officialdom at IIM-C is observing the strictest silence ever and there is no way of knowing if what the rumours suggest is true. Indeed, IIM-C hasn’t till date released the official slot zero figures! 



External relations secretaries at IIM-C declined to comment, saying that all final placement figures haven’t got collected yet. Still, as ET tapped all possible sources, information suggested that this particular PPO was for a quantitative associate role in Barclays’ London trading desk. 

Apparently, as sources indicate, Barclays has made three PPOs in excess of Rs 1 crore. It is believed that all PPOs have been accepted by the students concerned. 



Despite the fact that there is no official confirmation, there is a buzz about Merrill Lynch and Morgan Stanley having made lucrative PPOs for postings in New York and London, respectively. There are no indications of what these offers might be. 



It may be recalled that IIM-C’s final placements last year had seen the top offer at Rs 1.36 crore, from a leading international investment bank. It turned out as the highest in the institute’s placement history. Incidentally, IIM-C wrapped up slot 1 of its final placements on Tuesday. 



The second phase of the placements will kick off on March 2, when a fresh lot of companies will be turning up for the remaining students to get placed. Sources claimed, that the going so far has been better than expected. 



Again, no official information was forthcoming about the placements so far, though a number of marketing companies were among those who turned up for slot 1. ET had reported earlier, that day zero slot zero was dominated by consulting companies like McKinsey, BCG and Bain.