Ahmedabad: Indian Institute of Management - Ahmedabad (IIM-A) campus was flooded with 110 firms keen to hire its graduates. International firms including Goldman Sachs and Deutsche Bank also participated in the campus selection. According to an official, the placement procedure for the graduating batch of the Post Graduate Programme in Management (PGP) at the IIM-Ahmedabad closed Thursday i.e. March 11, 2010. All PGP students have been placed in the firms of their choice. The official also added that despite a recessionary year, a larger batch and a new untested placement process, all students of the batch were placed in the firms of their choice.
Mansi Chitalia, IIM A member student of placement committee, said that more than 40 offers were extended by Global Strategy Consulting firms, Global Niche Consulting firms, Global Investment Banks and Global Private Equity firms, the four cohorts that constituted this cluster. Mckinsey and Co (8 acceptances including pre-placement offers), The Boston Consulting Group (8 acceptances including pre-placement offers), Monitor Group (5 acceptances), Bain and Company, Booz and Company, AT Kearney and Oliver Wyman went back satisfied with the quality of students recruited from IIM-A.
Just like last year, this year also witnessed numerous international offers being made to students of this institute. Goldman Sachs offered multiple roles in London, while banks like Morgan Stanley, Citigroup and Deutsche Bank offered roles across the Asia Pacific. In a marked development that probably is an indicator of conditions improving dramatically for IT firms, Cybage and Syntel Inc. made offers for their US operations. P and G, with 4 acceptances, continued with its trend of extending a majority of its offers for Singapore operations. Yes Bank (13 offers including laterals) and ICICI Bank (13 offers) were the top recruiters on campus this year.
Further, this was closely trailed by Deloitte that made 10 offers (including laterals) for its consulting wing serving the US offices. One of the top global consulting firms, the Boston Consulting Group and leading steel maker Ispat Industries, made 8 offers each for consulting and general management roles, respectively. The elite Tata Administrative Services and niche consulting firm Feedback Ventures re-affirmed their commitment to IIM-A, with 6 offers each. Public sector enterprises like Union Bank of India (2 offers), Power Grid Corporation of India Limited (4 offers) and National Thermal Power Corporation (1 offer) also participated in the process.
This year, banking and consulting firms were the flavors of the season, with most top recruiters coming from these firms. Although about 20 firms offering roles in the consulting space recruited 29 percent of the batch, the Banking and Financial services sector saw 27 percent of the batch joining the workforce. However, there was no dearth of opportunities for students interested in other sectors. 15 percent of the batch took up roles with marketing majors such as P and G, HUL, Nestle, Airtel, J and J, Nokia, Philips, Titan, Cadbury etc.
In addition, 13 percent of the batch took up roles with firms operating in the systems domain with some of the star recruiters being Google, Microsoft, Amazon, Cognizant, Wipro, Mindtree and Rediff, which offered Sales, Marketing, Account Management and Business Development roles. Last but definitely not the least, General Management roles were offered by TAS, the Aditya Birla Group, Mahindra, Essar, Lodha Group and Philips, amongst others. Moreover, this year, five students opted out of the placement process to become entrepreneurs. Of the total five, three students who had opted out of placements to try their hand at their own ventures (2 were from the batch of 2009 and 1 was from the batch of 2008) came back and used the IIM-A placement service to get very good offers.