IIM Calcutta Placements 2023 Report

IIM Calcutta, one of India’s premier management institutes, has released its placement report for the academic batch 2021-23. The institute maintained its excellent placement record, with a 100% placement rate for its 465-strong batch. Let’s delve into the details of the placements and the sectors that attracted the highest packages.

Placement Statistics (2021-23)

Particulars	Placement Statistics (2021-23)	Placement Statistics (2020-22)
Placement Rate	100%	100%
Batch Size	465	465
Total Recruiters	190	190+
New Recruiters	39	18
Total Offers	573	631
Highest International CTC	INR 94.82 LPA	–
Highest Domestic CTC	INR 1.15 CPA	–
Average CTC	INR 35.07 LPA	INR 34.20 LPA
Median CTC	INR 33.67 LPA	INR 31 LPA

Major Domains

• Consulting

Sectors offering the Highest CTC

• Finance

Top Recruiters

• Avendus Capital, Citi Bank, Deutsche Bank, HSBC, Goldman Sachs, Morgan Stanley, Standard Chartered

Sector-Wise Analysis

As per the data collected by Collegedunia, IIM Calcutta’s batch of 2023 saw impressive placements across various sectors. Here’s a sector-wise analysis:

BFSI Sector

Company	CTC (INR)
03 Capital	40-67 LPA
Ambit	40-74 LPA
American Express	36 LPA
Angel Broking	27-40 LPA
Avendus	50 LPA
BNP Paribas	33 LPA
CapitalOne	63 LPA
Edelweiss Tokio	26 LPA
Franklin Templeton	35-45 LPA
Goldman Sachs	36 LPA
HSBC	42 LPA
IFC Bank Group	27 LPA
InCred Capital	40 LPA
Kotak	30-40 LPA
Lincoln	38-49 LPA
Merisis Advisors	40-50 LPA
Neo Wealth & Asset Management	50 LPA
Piramal	26 LPA
Trident	72 LPA
TVS Capital Funds	40-45 LPA

Consulting Sector

Company	CTC (INR)
A&M	33 LPA
Accenture	40-45 LPA
Arthur D. Little	36 LPA
Bain & Co	32 LPA
BCG	38 LPA
Deloitte	23 LPA
EY	24-41 LPA
Kearney	28 LPA
Kepler Cannon	34.5 LPA
McKinsey & Company	36-41 LPA
PwC	27-31 LPA
Samagra	40 LPA
TCS	28 LPA

General Management Sector

Company	CTC (INR)
Adani	23 LPA
Aditya Birla Group	26 LPA
Airtel	30 LPA
Aliens Group	50 LPA
Emaar	1.15 Cr
Essar	25 LPA
Hinduja	26 LPA
Reliance	24 LPA
TAS	33 LPA
Vedanta	30 LPA

Product Management Sector

Company	CTC (INR)
Amagi	41 LPA
Cogoport	32 LPA
Microsoft	35-45 LPA
Paytm	30 LPA
Zomato	23-30 LPA

Sales & Marketing Sector

Company	CTC (INR)
Apparel Group	32 LPA
Arteria	35 LPA
Coca Cola	28 LPA
eShakti	28 LPA
Exide	27 LPA
HD Works	28 LPA
ITC	33 LPA
L’Oreal	33 LPA
Nestle	33 LPA
Samsung	25-27 LPA
Tata Steel	21 LPA

Other Sector

Company	CTC (INR)
Adobe	33 LPA
Genpact	24 LPA
IBM	33 LPA
A91 Partners	1.3 Cr
IndigoEdge	1.05 Cr
Premji Invest	40 LPA

Cluster-Wise Placements

IIM Calcutta conducted its MBA placements in 2023 in a hybrid mode, allowing recruiters to choose between online and on-campus methods. The institute follows a cluster-cohort-based policy, where companies of similar sectors visited in clusters. Here’s a breakdown of the clusters:

Cluster 1

Particulars	Cluster 1
Total Offers	266
Number of Recruiters	102
Cohorts	Asset & Wealth Management, Investment Banking & Markets, Private Equity & Venture Capital, Management & Advisory Consulting
Top Recruiters	Avendus Capital, Citi Bank, Deutsche Bank, HSBC, Goldman Sachs, Morgan Stanley, Standard Chartered, etc.

Cluster 2

Particulars	Cluster 2
Total Offers	253
Number of Recruiters	65
Cohorts	Conglomerates, E-Commerce, FMCG, and Fintech
Top

Recruiters | Aditya Birla Group, Adobe, Amazon, Arteria, Capital One, DTDC, Google, Hindustan Unilever, Media.Net, Microsoft, Nestle, Proctor & Gamble, Tata Administrative Services, Salesforce, Samsung, etc. |

Cluster 3

Particulars	Cluster 3
Total Offers	54
Number of Recruiters	23
Cohorts	IT Services, Banking & Financial Services, Research & Advisory, Analytics, Manufacturing, and Startups & Local Organizations
Top Recruiters	Cogoport, Exide Industries, EXL, HCLTech, Merilytics, Park+, etc.

Salary Statistics

Here are the salary statistics for IIM Calcutta’s batch of 2023:

Particulars	Salary Statistics
Average Salary	Top 50% of Students: INR 41.03 LPA
	Top 25% of Students: INR 50.84 LPA
	Top 20% of Students: INR 54.27 LPA
	Top 15% of Students: INR 59.71 LPA
	Top 10% of Students: INR 67.35 LPA
	Top 5% of Students: INR 82.15 LPA

Domain-Wise Placements

The percentage of students placed in various domains is as follows:

Domains	Percentage of Students Placed
Consulting	40.5%
Finance	15%
Product & Analytics	18.2%
General Management	14.3%
Sales & Marketing	9%
Strategy & Ops	3%

Sector-Wise Placements

The number of offers made in various sectors is as follows:

Sectors	Number of Offers	Percentage of Offers
Consulting	232	55.5%
Finance	86	–
Sales and Marketing	52	23.4%
General Management	82	–
E-Commerce & Software Services	–	18.2%

Placement Trends

Let’s take a look at the placement trends at IIM Calcutta over the years:

Year	Highest CTC	Average CTC	Median CTC
2023	INR 1.15 CPA	INR 35.07 LPA	INR 33.67 LPA
2022	–	INR 34.20 LPA	INR 31 LPA
2021	–	INR 29.28 LPA	INR 27.67 LPA
2020	INR 80 LPA	INR 27.8 LPA	INR 25.1 LPA

The average package at IIM Calcutta has increased from INR 34.20 LPA in 2022 to INR 35.07 LPA in 2023, while the median package has also seen a rise from INR 31 LPA to INR 33.67 LPA.

Batch Profile

Here’s a snapshot of the MBA batch 2021-23:

Particulars	2021-23 Batch Details
Batch Size	465
Gender Ratio	68:32
IIT/NIT/BITS	43%
CA/CFA/FRM	60+
Entrepreneurs	21

Top Recruiters

Some of the top recruiters that visited IIM Calcutta for the 2023 placement drive include:

• AbInBev
• Accenture
• Adani
• Aditya Birla Group
• Adobe
• Airtel
• Amazon
• Amagi
• American Express
• Ambit
• Bain & Company
• Bank of America
• BCG
• Capgemini
• Citi
• Deloitte
• Deutsche Bank
• EY
• Goldman Sachs
• Google

Conclusion

IIM Calcutta’s exceptional placement statistics for the batch of 2021-23 reflect the institute’s commitment to nurturing talent and bridging the gap between students and industry leaders. The diverse range of sectors and roles offered speaks to the versatility of the institute’s graduates, making them highly sought-after by leading companies across the globe.

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MBA Programme

The MBA Programme is a two-year full-time post-graduate degree course.

The MBA Programme has a two-tier structure: it consists of a core curriculum (compulsory credit courses and compulsory non-credit courses), a summer internship (compulsory industry training between the first and second year), and elective courses (optional courses in the second year). The first year is committed to developing business fundamentals through compulsory courses spanning the areas of economics, finance, marketing, operations, systems, organizational behaviour, human resources, strategy, and public policy. The second year offers a plethora of electives in different functional areas that students can choose based on their desired area of pursuit. Students aspiring to delve deeper into topics can undertake term papers under faculty supervision.

Please visit: MBA Programme – IIM Calcutta for more information on the MBA Programme of the Institute.

Minimum Academic Eligibility for Admission to MBA Programme

A candidate must hold a Bachelor’s Degree, with at least 50% marks or equivalent CGPA [45% in case of the candidates belonging to Scheduled Caste (SC), Scheduled Tribe (ST), and Persons with Disability (PwD) categories], awarded by any of the Universities incorporated by an Act of the central or state legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of the UGC Act, 1956, or possess an equivalent qualification recognized by the Ministry of HRD, Government of India. The percentage of marks obtained by the candidate in the bachelor’s degree would be calculated based on the practice followed by the college/institution/university from where the candidate has obtained the degree. In case a candidate is awarded grades/CGPA instead of marks, the conversion of grades/CGPA to a percentage of marks would be based on the procedure certified by the college/institution/university from where the bachelor’s degree has been obtained. In case the college/institution/university confirms that they do not have any scheme for converting CGPA into equivalent marks, the equivalence would be established by dividing the candidate’s CGPA by the maximum possible CGPA and multiplying the result by 100.

For candidates who have completed an integrated masters or dual degree directly after their 12th/HSC, the percentage of marks obtained as per the college/institution/university which is considered as equivalent to the bachelor’s degree will be considered. In case the dual degree for UG and PG marks are not separated by the college/institution/university, the PG marks shall be considered as UG marks for eligibility and used for deriving composite scores in any stage of the admission process.

Candidates appearing for the final year of bachelor’s degree/equivalent qualification examination and those who have completed the degree requirements and are awaiting results can also apply. If selected, such candidates will be allowed to join the programme provisionally, only if he/she submits a certificate latest by June 30, 2023, from the Principal/Registrar of his/her college/institute/university (issued on or before June 30, 2023) stating that the candidate has completed all the requirements for obtaining the bachelor’s degree/equivalent qualification on the date of issue of the certificate. For candidates yet to complete the integrated masters or dual degree directly after the 12th/HSC, the aggregate percentage of marks obtained in all the years/semesters till Aug 3, 2022, will be considered.

Candidates who graduated in the years 2020, 2021, or 2022, or are expected to graduate in 2023, for whom the university did not conduct the exams or did not award marks or CGPA but awarded only pass or pass marks or promotion in one or more years/semesters of the bachelor’s degree/equivalent qualification, can also apply. Such candidates will have to submit a certificate from the Principal/Registrar of his/her college/institute/university stating that they did not conduct the exams or did not award marks or CGPA but awarded only pass or pass marks or promotion in one or more years/semesters, as the case may be.

A candidate who has not received his/her graduation results at the time of registration will have to produce certificates and mark sheets in original along with the photocopies as soon as the respective college/institution/university publishes the results, but NOT LATER THAN DECEMBER 31, 2023, failing which his/her registration as a student of IIM Calcutta will be automatically cancelled, and he/she will be required to withdraw from the MBA Programme forthwith. Any candidate who submits the mark sheets which do not clearly indicate that he/she has passed the Bachelor’s Degree course or equivalent, and also submits a Provisional Certificate from an affiliated College/Institute would, in addition, be required to produce an authorization certificate from the University stating that such an affiliated college/institute is authorized/empowered to issue such a certificate on behalf of the University.

IIM Calcutta reserves its right to verify eligibility at various stages of the selection process. Applicants should note that mere fulfillment of minimum eligibility criteria will not ensure shortlisting by IIM Calcutta at the various stages of the admissions process.

Criteria for shortlisting and final selection for the MBA Programme

A. Shortlisting for Personal Interview (PI) and Writing Ability Test (WAT)

Candidates will be short

listed based on CAT 2022 score and other parameters like academic performance and gender diversity.

Stage I: Minimum CAT percentile cut-offs to be considered for PI and WAT

In Stage I, candidates meeting the minimum requirements on both section-wise and overall percentiles in CAT 2022 as given in Table 1 will be shortlisted for consideration in Stage II, subject to securing non-negative raw scores in all sections of CAT 2022:

Table 1: Minimum requirements of CAT percentiles for Stage I

Category	VARC	DILR	QA	Overall
OPEN	≥80	≥80	≥75	≥85
NC-OBC	≥70	≥65	≥65	≥75
EWS	≥70	≥65	≥65	≥75
SC	≥65	≥60	≥60	≥70
ST	≥55	≥55	≥55	≥65
PwD	≥45	≥45	≥45	≥55

Please note that the actual section-wise and overall percentile cut-offs may be much higher than the above-mentioned minimum percentiles as it will depend upon the number of candidates to be called for personal interview (PI) in each category.

Stage II: Shortlisting for PI and WAT

From the candidates satisfying the criteria of Stage-I, shortlisted candidates will be called for Personal Interview (PI) and Writing Ability Test (WAT) based on the composite score derived using the parameters and the corresponding weights as specified in Table 2.

Table 2: Parameters and corresponding weights for deriving composite scores for PI and WAT

Parameters	Weights
CAT 2022 Score*	56
Class 10 marks	10
Class 12 marks	15
Gender Diversity Factor	4
Total	85

*Where A = Candidate’s CAT 2022 Total Overall Scaled Score & B = Maximum possible CAT 2022 Total Overall Scaled Score

IIM Calcutta has a highly inclusive academic environment and welcomes LGBTQ+ candidates.

Points for the marks secured in Class 10 and Class 12, respectively, will be allotted as per Table 3 below:

Table 3: Points for marks secured in Class 10 and Class 12

Marks Range	Points for Class 10	Points for Class 12
≥80	10	15
≥75 and <80	8	12
≥70 and <75	6	9
≥65 and <70	4	6
≥60 and <65	2	3
<60	0	0

Computation of marks (in %) secured in Class 10 and Class 12

For computing the marks (in %) secured in Class 10 and Class 12, the aggregate marks of all subjects that appear in the mark sheet/grade sheet would be considered irrespective of whether the Board considers them for calculation of percentage or not.

After deriving the composite scores, composite cut-offs will be decided in each category for shortlisting candidates for Stage II of the selection process. The number of candidates to be shortlisted for PI and WAT in each category depends upon the size of the in-coming batch and would be at the sole discretion of the Institute.

Stage III: Criteria for Final Selection for the MBA Programme

For the candidates who have appeared for the PI and WAT, a composite score for final selection will be derived using the parameters and the corresponding weights listed in Table 4. This composite score will be used for preparation of category-wise merit list.

Table 4: Parameters and weights for final selection for the MBA Programme

Parameters	Weights
CAT 2022 Score	30
Personal Interview (PI)	48
Writing Ability Test (WAT)	08
Points awarded for Academic Diversity	06
Work Experience (as per the formula provided)	08
Total	100

Academic Diversity

The points for academic diversity shall be awarded as per the unique category in Table 5 that the candidate is identified as belonging to. These categories are intended to be mutually exclusive and collectively exhaustive.

Table 5: Points for Academic Diversity

Category ID	Academic Qualification	Points
1	Bachelor’s degree in engineering stream	0
2	Bachelor’s degree in non-engineering stream	4
3	Dual bachelor’s degree in Law (e.g. BA LLB, BSc. LLB, B.Com LLB, BBA LLB)	5
4	Bachelor’s degree in engineering stream and Masters in non-engineering stream	2
5	Bachelor’s degree in non-engineering stream and Masters in non-engineering stream	5
6	Dual/Integrated degree where bachelors is non-engineering and masters is in non-engineering stream	5
7	Dual/Integrated degree where Bachelors is engineering stream and Masters is non-engineering stream	1
8	CA/ICWA/CS or Fellow of the Institute of Actuaries of India (FIAI) without having a bachelor’s degree	5
9	CA/ICWA/CS or Fellow of the Institute of Actuaries of India (FIAI) with a bachelor’s degree	6
10	CA/ICWA/CS or Fellow of the Institute of Actuaries of India (FIAI) with or without a bachelor’s degree, and with Masters in non-engineering stream	6
11	Integrated bachelor’s degree in Law and Masters in non-engineering stream	6

Category ID 4, 5, 9, 10, 11: Points will be awarded to only those candidates who have uploaded their relevant degree/course mark sheet at the time of filling up the MBA application form for personal interview. The mark sheet must clearly indicate that the candidate has passed the relevant degree/course.

Category ID 2, 3, 6, 7, 8: Points will be awarded to the candidates who have completed or are in the final year of the relevant degree/course. However, the candidates who are in the final year of their degree/course must submit a certificate latest by June 30, 2023, from the Principal/Registrar of his/her University/College/Institute (issued on or before June 30, 2023) stating that the candidate has completed all the requirements for obtaining the degree/equivalent qualification on the date of issue of the certificate. Such a candidate will have

to produce certificates and mark sheets in original along with the photocopies as soon as the respective University/Institute publishes the results, but NOT LATER THAN DECEMBER 31, 2023, failing which his/her registration as a student of IIM Calcutta will be automatically canceled, and he/she will be required to withdraw from the MBA Programme forthwith.

Work Experience

For work experience, a maximum of eight points will be awarded based on the length of service, represented as x (in completed months) as of January 31, 2023, as per the formula below. Only work experience after the completion of the bachelor’s degree will be considered for this calculation. Internship/apprenticeship/articleship/training/project/work done as an integral part of curricular requirement or any type of unpaid work will not be considered. The work experience claimed by the candidate must be supported by a letter from the employer(s) with authorized signatory on company letterhead stating the start date, end date, position/designation, and a brief description of the role/responsibility. It is necessary to submit the payslip(s) from each employer(s). For self-employed and family businesses, proof of company registration/relevant licenses/taxes paid are to be furnished in case payslip is not available.

Points for Work Experience

Points = 8 * (x / 48)

B. Final Selection for MBA Programme

The final selection list will be based on merit in each category; minimum eligibility in any of the above mentioned stages or criteria would not automatically qualify the candidate for admission into IIM Calcutta. Any misrepresentation of information by the candidates shall disqualify the application, and any further action is at the sole discretion of IIM Calcutta.

Reservation Policy

IIM Calcutta will apply the Government of India reservation policy for admission to Central Educational Institutions (CEIs).

Kindly note that as per the provisions of The Rights of Persons with Disabilities Act, 2016 (RPwD Act 2016), 5% seats are reserved for Persons with Benchmark Disabilities (PwD). “Person with Benchmark Disability” means a person with not less than forty percent (40%) of a specified disability where a specified disability has not been defined in measurable terms and includes a person with a disability where the specified disability has been defined in measurable terms, as certified by the certifying authority. “Specified disability” means the disabilities as specified in the Schedule of the RPwD Act 2016. The categories of disability are: (a) Blindness and low vision (b) Deaf and hard of hearing (c) Locomotor disability including cerebral palsy, leprosy cured, dwarfism, acid attack victims, and muscular dystrophy, (d) Autism, intellectual disability, specific learning disability, and mental illness, (e) Multiple disabilities from amongst persons under clauses (a) to (d), (f) Other ‘specified disabilities’ mentioned in ‘The Schedule’ of the RPwD Act 2016.

For the purpose of being considered for reservations, a valid certificate as per the applicable Central Government list is to be furnished during the Personal Interview.

Any dispute concerning Admissions for the MBA Batch 2023-25 would be subject to the jurisdiction of the competent courts within the territorial jurisdiction of the city of Kolkata only.

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IIM Calcutta MBA Fees 2024

The following table represents the IIM Calcutta MBA Fees for the batch 2024-26:

Course	Fees
MBA	27 Lakhs
MBAEX	31 Lakhs

IIM Calcutta Courses, Fees, and Eligibility Criteria 2024

IIM Calcutta Courses	IIM Calcutta Fee Structure (INR)	IIM Calcutta Eligibility Criteria
MBA	27 Lakhs	– Intake: 480 – Eligibility: Bachelor’s or equivalent degree with at least 50% marks – Selection Process: CAT + WAT (Written Ability Test) + Personal Interview (PI)
MBAEX	31 Lakhs	– Intake: 77 – Eligibility: Bachelor’s degree or equivalent with at least 5 years of full-time post-graduation managerial/professional experience – Selection Process: GMAT + SOP + Personal Interview (PI)
PGPEX-VLM	13.5 Lakhs	– Intake: 40 – Eligibility: Graduate engineers with first division and a minimum of 4.5 years of work experience to a maximum of 10 years of work experience OR a minimum of 4.5 years of work experience in manufacturing, engineering, and related sectors. – Selection Process: GMAT (optional) + Written Test + Personal Interview
PGDBA	25 Lakhs	– Intake: 60 – Eligibility: Graduate/post-graduate with at least 60% marks – Selection Process: PGDBA Admission Test Score + Personal Interview (PI)
Doctoral	–	– Intake: 95 – Eligibility: Master’s/post-graduate diploma in any discipline and a three-year bachelor’s degree with at least 50% marks OR CA with a minimum of 50% marks or CS/CMA with a minimum of 55% marks OR B.Tech with 6.5 CGPA – Selection Process: GMAT/GRE/UGC-NET/GATE/UGC-JRF + Personal Interview (PI)

IIM Calcutta Hostel Fees 2024

Particulars	Details
No. of Hostels	3 (Old Hostel, White Hostel & New Hostel)
IIM Calcutta Hostel Fee	INR 1.8 Lakhs

Comparison with Other Institutes

College	Fee Structure (INR)	Average Placement (INR)	Ranking
IIM Calcutta	27 Lakhs	35.07 LPA	4 (NIRF)
FMS Delhi	2 Lakhs	34.1 LPA	8 (BT)
IIM Ahmedabad	24.61 Lakhs	34.3 LPA	1 (NIRF)
ISB Hyderabad	36.3 Lakhs	34.21 LPA	1 (FT)
IIM Indore	21.17 Lakhs	30.21 LPA	8 (NIRF)

Please note that the fees mentioned are subject to change, and it’s advisable to check with the institute for the most up-to-date information.