IIM Calcutta has completed placements for its students of MBA class of 2020 with a record average salary of Rs 28 lakh per annum. The institute said 439 students have received 492 offers from 136 firms participating in the recruitment process.
“The average annual salary package for top 10 per cent of the class was recorded at an all-time high of Rs 54.5 lakh,” a statement issued by IIMC said.
The average package of the top quartile of the class was at Rs 41.8 lakh per annum while the median salary stood at Rs 25.5 lakh, it said.
Continuing the trend witnessed in summer placements held in October 2019, the consulting sector was the largest recruiter with 31 per cent offers. The Boston Consulting Group, McKinsey & Co, Bain & Co, Kearney, PricewaterhouseCoopers and Accenture were the top recruiters in the segment.
Marquee finance, private equity and venture capital firms made 83 offers. Several established names such as Bank of America, Merrill Lynch, Barclays, Goldman Sachs, Arga Investment Management, Gaja Capital, JP Morgan Chase and others extended top roles to the 55th batch of the institute.
“Such prize offers demonstrate the high value of the education imparted in the institute and our students” remarkable skills and capabilities,” IIM Calcutta Director Prof. Anju Seth said.