The finance module included in the Master of Management programme offered by the institute, has been hailed as the best in comparison with the subject taught at other B-schools, according to the Financial Times Global Masters in Management 2013 survey.
IIM-C has also clinched the second place for its economics course in the same study.
"It is heartening to note that IIM - Calcutta is ranked No.1 in finance and No.2 in economics among the top 70 global business schools that offer masters in management programme," the release said.
The ranking for the career status of alumni after three years of completing graduation has placed the institute at the first spot.
According to Professor Ashok Banerjee, dean of new initiatives and external relations, in charge of the ranking matters at IIM - Calcutta: "We believe that these rankings come as a recognition of overall quality of our post-graduate programmes and performance of our alumni after they pass out from IIM - Calcutta."
"Having said that, these rankings will also put greater responsibility on us to perform even better in the years to come to and further improve our ranking. This is a challenge and we will take all possible measures necessary for continuously improving the quality of education that IIM - Calcutta offers."