IIMC students gave up seats at foreign B-schools

  • Several IIM Calcutta’s 2009-11 batch students turned down foreign B-schools – LBS, Stearn (NYU), Cornell University, University of Texas, Georgia Tech Univ. and Univ. of Southern California etc.
  • 20 students of the batch left jobs paying over Rs 20 lakh p.a. to pursue MBA at IIMC.
  • Av work ex – 27 months. Students from – Deutsche Bank, JP Morgan, Goldman Sachs, Credit Suisse, McKinsey, Merrill Lynch etc.
  • Adamya Chandra, 23, mech. engineer from Kamla Nehru Institute Of Technology, Sultanpur refused seat at LBS to join IIMC, reason : reputation of the institute and professors, strong alumni network, it being the only institute in a metro and its distinction as ‘the’ financial campus of India – would help further his career in finance.
  • Another mech. engineer from Delhi College of Engineering, 23, quit his 20 lakh p.a. job at a trading firm to join 2009-11 batch, reason: “I decided in favor of value-addition, as it will provide security in the long run. As you move up the corporate ladder one needs an MBA degree and no better place than IIMC which is the best when it comes to finance.”
  • IIMC Batch Profile:
    • 408 members – largest across the 7 IIMs
    • Av. age – 24 years
    • 3 students scored 100%ile in CAT
    • Another 62 with over 99.9%ile.
    • 19 overseas students with av GMAT score – 728.
    • No. of female students increased to 10%, those with work experience – 63%.
    • Diverse mix – sportspersons, former World Bank and RBI employees, rock-climbing instructors, those working on starting butterfly farm chains, involved in massive projects such as the modernizing of the Bangladesh Railway System. At least 7 students have own startup ventures. Large number have worked with NGOs on issues such as rural upliftment and education of slum children.

Source:  Economic Times


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TTE takes a ride to B-school

KOLKATA: At first sight, Anurag Verma looks like any other fresher on the Indian Institute of Management-Calcutta (IIM-C) campus. Tall and stout, the 23-year-old melts easily into the crowd of new arrivals. It’s tough to spot him actually, but when one does so, he is a show stealer. For, Anurag is a travelling ticket examiner (TTE) with Northern Railway on lien to study at the prestigious B-school.

Down-to-earth and rustic in parts, the lad from Kanpur was checking tickets on trains till May 30. He was actually on a train in the Moradabad-Kanpur sector when the news reached his home. He had cracked this year’s Common Admission Test (CAT) and found a place on the IIM-C rolls.

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Source:  The Times of India

Good news in bad times, for IIM Calcutta

Everyone is talking about recession and poor job prospects for business school graduates. But despite the hue and cry, schools like IIM Calcutta are not complaining. And here’s why.

It is good news in bad times from IIM Calcutta. Recession may have affected pre-placement offers which fell from 90 last year to 54 this year, but the statistics have exceeded expectations.

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IIM Calcutta places students without big fat pay checks

IIM Calcutta has managed to keep its head above water, at least as far as placements are concerned. It has managed 100% placements, with average salary dipping just 12%. CNBC-TV18’s Kritika Saxena delves deeper.

Here is a verbatim transcript of Kritika Saxena’s comments on CNBC-TV18.

It may be the worst of times, but for IIM Calcutta, placements season has not drawn too much blood. All of its 265 students have been placed, and salaries, while nor exorbitant, are reasonable.

Sources say average domestic salary this year stands at around Rs 14 lakh per annum, 12% lower than last year’s average. But for IIM-C, this is the largest fall in salaries ever. The minimum salary on offer was between Rs 4 lakh and Rs 6 lakh per annum.

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IIM-C students opt for PSU positions

In a market swooning in the downturn, caution is the key. And who would judge that better than budding management gurus? The batch passing out of IIM, Kolkata, has taken this safety-first mantra to heart with 36 students out of 265 opting for jobs with the less paying, but more secure public sector units.

All 36 students belong to the Post Graduate Diploma in Business Management (PGDBM) and Post Graduate Diploma in Computer Management (PGDCM) streams of 2007-’09. The PSUs that have made a beeline for IIMC this season are Union Bank, Bank of Baroda, NTPC, Indian Oil Corporation Limited (IOCL) and Andrew Yule.

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