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No foreign placement for IIM Calcutta students this year


Kolkata : Not a single student of the post graduate programme for executives at the Indian Institute of Management-Calcutta (IIM-C) has got overseas placement this year, thanks to the adverse economic condition prevailing worldwide.

“The global nature of the downturn got reflected and there were no foreign placements this year,” a statement from the IIM-C said here Monday.

Last year, six students accepted international jobs that averaged an annual pay of $120,750, while the highest offer came at $200,000 a year.

The average salary dropped 10 percent this year to Rs.18 lakh from Rs.20 lakh last year.

“The highest domestic salary saw a steeper drop – falling to Rs.35 lakh from Rs.45 lakh last year,” the statement said.

Last year about 53 percent of the jobs on offer were in the IT and IT enabled services (ITeS) sector.

In 2009, the IT and ITeS sector accounted for only 22 percent job offers, while the sales and marketing industry accounted for 22 percent.

Among the companies that visited the IIM-C campus for placement were: McKinsey and Co, Deloitte and IBM Consulting in the consultancy sector, Tata Consultancy Services (TCS) and Tech Mahindra from the IT industry and Avaya and Tata Teleservices from the telecom sphere.