Indian Institute of Management, Calcutta has witnessed a sharp dip in the number of recruitments by startups. The summer placement season at IIM-C began on November 3, 2016. This year, there is almost 50 percent drop in the number of startup companies sending recruiters to the campus.
Most of the E-commerce companies, especially startups, witnessed a sharp dip. However, the loss was covered by an increase in some finance and leadership offers. One of the placement officers of IIM-C indicated that startups recruited around 30 students. Some of the companies that visited in the month of March were CarDekho, PayTM, Adcuratio and CallHealth.
The summer internship is an integral part of Post Graduate Diploma in Management (PGDM) course at IIM-C. The internship enables the students to have a clear cut idea about the corporate world before they take a final career decision. According to sources, out of 460+ summer internship offers made on campus, the consulting sector had the highest share of 24 percent.
Finance is still a dominant domain among the students with 24% of batch securing internships in Banking, Financial Sevices and Insurance (BFSI) sector. Out of them, Goldman Sachs is one of the top recruiters in the category. This year, the highest stipend bagged by IIM-C is Rs. 4.5 lakh per month.
On the other hand, Food and Beverages companies hired 19% of the batch in sales and marketing roles. Similarly, 14% of students were hired for leadership roles in conglomerates like Mahindra & Mahindra, Aditya Birla Group and Tata Administrative Services. Among them, Aditya Birla Group stood as the top recruiter.