IIM Calcutta Placements 2023: Highest Salary at 1.15 Cr

IIM Calcutta's placement report for the MBA batch of 2023 is out! This year, the highest domestic salary stood at INR 1.15 crores and the highest international salary at INR 94.82 lakhs. The average salary increased by 2.5% to INR 35.07, while the median salary saw an 8.6% increase to INR 33.67. The placements process saw participation from 190 firms, including top brands like Accenture Strategy, BCG, Bain, Amazon, Google, HUL, ABG, Microsoft, Goldman Sachs, and many others. Here's a quick breakdown of IIM Calcutta's 2023 placement report.

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IIM Calcutta Placements 2023: Key Highlights

In 2023, IIM Calcutta saw a year-on-year increase in the salaries offered to the MBA batch.

The highest domestic salary stood at INR 1.15 crores
The highest international salary stood at INR 94.82 lakhs
The average salary stood at INR 35.07, increasing by 2.5% over last year
The median salary stood at INR 33.67, an uptick of 8.6% over the previous year

Here are other notable recruitment figures from IIM Calcutta's placements process.

190 firms participated in the final placements process, extending 573 offers to the batch of 465 students
39 new recruiters participated in IIM Calcutta's 2023 placements process
Students bagged offers from leading investment banking and private equity firms including Avendus Capital, Citi Bank, Deutsche Bank, HSBC, Goldman Sachs, Morgan Stanley, and Standard Chartered, among others.
Accenture Strategy, Bain & Co., Boston Consulting Group, Ernst and Young, Mastercard and McKinsey & Co. were amongst the top Consulting recruiters
Top recruiters in the Conglomerates, Ecommerce, FMCG and Fintech cohort included ABG, Adobe, Amazon, Arteria, Capital One, DTDC, Google, HUL, Media.net, Microsoft, Nestle, P&G, TAS, Salesforce, and Samsung
Companies from IT Services, Banking and Financial Services, Research & Advisory, Analytics, Manufacturing, and Startups and Local Organizations included Cogoport, Exide Industries, EXL, HCLTech, Merilytics, and Park+, among many others

Notably, students were given a 'Hold and Wait' option across various clusters "to maximize their opportunities and thus improving the student-recruiter fit for the variety of roles offered across domains during the placement cycle. This ensured that each student was allowed to increase their likelihood of achieving their desired job and was not restricted to the first offer made."

Additionally, the institute's hiring process was split across three major clusters to further enable the best student-company fit.

Also Read → IIM Bangalore Placements 2023: Average Salary at 35+ Lakhs

IIM Calcutta Placements 2023 - Highest Domestic Salary at 1.15 Crores, Top International Salary at 94.82 Lakhs

The highest salary stood at an impressive INR 1.15 crores this year. The average and median salaries increased by 2.5% and 8.6% respectively. This increase may seem marginal compared to the institute's previous placement seasons, but other top b-schools like SPJIMR and FMS Delhi have also experienced slower growth in salaries this year.

The average of the top-half of all salaries offered stood at INR 41.03 lakhs, while that of the top-quarter stood at INR 50.84 lakhs.

The median of the top-half of all salaries offered stood at INR 38.64 lakhs, while that of the top-quarter stood at INR 48.60 lakhs.

IIM Calcutta Placements 2023 - Finance, Product, and Consulting Top-Paying Domains on Average

Domain-wise, the highest salary (1.15 crores) came for a Finance role, with General Management following suit (94.82 lakhs). The average salaries were the highest for Finance, Product, and Consulting roles.

IIM Calcutta Placements 2023 - Over 40% of all offers for Consulting roles

Consulting dominated the final placements season at IIM Calcutta, making up 4 out of every 10 offers extended. This was down from 51% last year. This deficit was distributed across other domains which saw a significant uptick in the number of offers extended. For instance, Product and Analytics roles made up just over 18.2% of all offers, up from 14.6% over last year.

There was also a significant increase in the percentage of General Management offers extended. Sales and Marketing roles were also up by a few percentage points.

Finance offers made up 15% of the total, with leading companies hiring top talent from an institute widely known as "India's Finance campus." General Management roles made up over 14% of all offers.