Tag: IIM Calcutta

IIM Calcutta’s 2021 MBA batch records 100 pc placement

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KOLKATA: The 2021 MBA batch of IIM Calcutta recorded 100 per cent placement as all the 467 students who took part in the process got jobs, an institute statement said on Saturday.

The 2021 MBA batch of the XLRI-Xavier School of Management also achieved a similar feat as all the 358 students who sat for placements got jobs, a release by the Jamshedpur-based institute said.

The virtually-conducted placement week at IIM Calcutta, which ended on March 3, saw over 530 job offers for the 467 students.

Altogether 172 firms participated in the final placement process, with the average and median salaries rising to Rs 29 lakh and Rs 27 lakh per annum respectively, it said.

The consulting sector emerged as the top recruiter, with 149 students or 32 per cent of the total strength opting for them.

A total of 90 students were selected by top investment banking, asset management and private equity venture capital firms.

However, the impact of the Covid-19 pandemic and the economic slowdown was visible in some sectors.

While consulting and finance roles continued to comprise roughly half of the placements as seen in previous years, general management and marketing roles came down from 30 per cent last year 2020 to 15 per cent in 2021.

In yet another reflection of the economy in 2020-21 and current trends, major software services and e-commerce platforms boosted their hiring from the campus.

Vinaya Patil, a second year MBA student said, “We were really worried about the final recruitment given the slowdown in the industrial activity in the last couple of years. Such placements for the whole batch feel surreal.”

Professor Abhishek Goel, chairperson of the Career Development and Placement Office said, “It was a tall order to get so many offers in the season while keeping the provision for multiple offers for a student. The students stepped up to the challenge and the outcome is an incredible feat.”

Director Professor Anju Seth said, “Achieving 100 per cent placements in an unprecedented time such as this is a true testament to the value of the IIM Calcutta experience and I thank the recruiters for their trust.”

The final recruitment process at XLRI saw the participation of 108 recruiters, with 370 domestic and international offers.

The median salary offered to the batch stood at Rs 23 lakh per annum and the average salary increased to Rs 25.08 lakh per annum.



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IIM-Calcutta announces programme on communication strategies for corporate leaders

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The Indian Institute of Management (IIM Calcutta) has today launched communication strategies for corporate leaders programme. The six-month course aims to help participants to take leadership roles amidst diverse and complex corporate business scenarios.

The programme will be held online and classes will take place at the weekend. The graduates with 50 per cent marks can apply for the programme, meanwhile, senior managers and leaders with a minimum of 8 years of experience are preferred for the course.

Programme Director Professor Pragyan Rath said, “As a corporate business leader, it is essential to have the ability to effectively communicate the purpose of the organisation to its internal and external stakeholders. When it comes to leadership communication specifically, the right approach is essential to advance the business to the next level.”

According to programme director Professor Apoorva Bharadwaj, “The course will enable participants to be better orators, better strategists and conflict managers alongside nurturing their communication proficiency.”

Interested candidates can apply at virtual-classroom/iim-calcutta/iim-calcutta-epcscl.

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IIM Calcutta turf war: Director goes to govt against Chairman

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A new front has opened in the ongoing turf war at the Indian Institute of Management, Calcutta, with Director Anju Seth, this time, writing to the government against the institute’s Chairman.

Seth, The Indian Express has learnt, has written to the Ministry of Education alleging that the Board of Governors, led by Chairman Shrikrishna Kulkarni, is infringing on her executive powers.

The letter comes less than two months after over 75 per cent of the IIM-Calcutta faculty lodged a similar complaint with the ministry against Seth. The teachers had alleged that the Director had centralised powers in her hands and usurped their administration- and decision-making roles.

Seth and Chairman Kulkarni did not respond to calls, SMS, and an email left by this newspaper.

Seth has, among other things, told the government that she was sidelined in drafting new regulations under the amended IIM Act. These regulations are to help oversee and guide IIM administration under the new law. Incidentally, this too is similar to what the faculty had alleged earlier — that they were not consulted by the Board or Seth in the formulation and adoption of the new regulations.

Seth’s letter against the institute chairman, just as the faculty letter against her, is highly unusual for an IIM.

Among the issues flagged by the teachers earlier was faculty shortage. Sources said only one new faculty member had been hired in the last two years despite the institute losing over 10 teachers on account of resignation, superannuation and voluntary retirement. Some of the exits, the teachers alleged, were due to “harassment”.

The faculty also claimed that the disregard of their views on the new regulations was unlike what was done by peer institutes such as IIM-A and IIM-B. The Academic Council, the faculty said, was given only five days to submit suggestions on the draft regulations, and their feedback on centralisation of powers in the Board and Director was not considered by the Board while finalising the regulations.

Seth had dismissed the allegations as the work of “a small group of individuals”, upset with her efforts to foster a culture of transparency and accountability. “We are pained by the baseless stories instigated by this small group to sully the institute’s reputation built over decades. Despite the challenges we have confronted, including those posed by the Covid crisis, we are now operating at even greater effectiveness and efficiency, with devotion to the success of our talented students. Having converted challenges into opportunities to strengthen our resilience, we are excited to march into the future with integrity and commitment to the pledge of ‘IIM First’, blessed by the good wishes and support of valued members of our faculty and extended community,” Seth had told The Indian Express in an email.

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