IIM-C misses Wall Street recruiters this year

KOLKATA: The economic crisis has taken its toll on campus recruitment as well with the Indian Institute of Management, Calcutta (IIMC), finding Wall Street recruiters missing this year.

Sources in IIMC said the highest pay packet offering merchant bankers from the Wall Street were missing in this year of final recruitment season as most of the renowned companies were either out of business or in bad shape.

"However, we are expecting a few merchant bankers from India and other countries to recruit finance professionals from this campus," the sources said.

IIMC categories companies depending on their salary offers and reputations and among that slot zero is treated as the most prestigious.

The recruitment began from Saturday and it will continue till February 24 and the second phase will resume from March 3 for two to three days. The recruitment date which has been preponed by two weeks has 265 students registered.

When asked for comments, IIMC officials said the details could only be provided after the campus recruitment process was over.

Sources said during the last three years, merchant bankers like Lehman Brothers and Merill Lynch were the most sought after companies for their highest pay packets.