IIM-Ahmedabad placements close in record 4 days
| November 7th, 2009 | By: Piyush Goyal | Category: Nation
AHMEDABAD: Good times are back. The Indian Institute of Management Ahmedabad (IIM-A) concluded its summer placements for the 2009-11 batch in four days flat, placing all of the 312 students, its largest batch so far. Coveted investment banks, consultants and technology kept their date with the institute that passed through a tough time last year when the summer placement took six days to complete.
The process, which began on November 2, was wrapped up by late Thursday evening, with investment banks making as many as 77 offers on Day Zero (first day) alone, a number significantly up from last year’s 35.
Companies, such as Goldman Sachs, Morgan Stanley and Barclays, JP Morgan, Nomura, HSBC, Deutsche Bank and Citigroup made domestic as well as international offers to students. Finance remained the top pick with 44% of students opting for roles in finance — investment banking, private equity, corporate banking and treasury roles. At least 18% students opted for marketing roles. Consulting and general management were the next two preferred domains, followed by IT.
At least a fourth of the batch — 76 students — were made overseas offers in locations, such as the US, France, Germany, the UK, the Middle-East, Africa and Southeast Asia. While banks, such as RBS, offered international roles across Hong Kong, Singapore and London, firms from marketing and general management sector, like P&G, HUL, Coca-Cola, Renault, Starcom MediaVest, TAS and Aditya Birla Group also offered overseas internships.
Consulting firms that are regulars at IIM-A campus such as McKinsey & Co, Boston Consulting Group and Bain & Co, each placed 3-5 students. Other consulting companies like AT Kearney, Booz & Co and Arthur D Little, were also seen at the campus.
Offers from firms like HUL and P&G were lapped up by students interested in marketing. Diageo, Nokia and Coca-Cola, Tata Administrative Service and Aditya Birla, Feedback Ventures, Frost & Sullivan, Edelweiss, Anand Rathi, Dabur, Asian Paints, Cadbury, Renault, Airtel, Astra Zeneca, Johnson & Johnson and GSK Pharma, Microsoft, Cognizant and Synergy Consulting were also seen at the campus.
Speaking on the summer placements, Saral Mukherjee, chairperson, placement committee, said: “We had not expected such a drastic upturn in the demand for quality talent and hence, the summer placements have come as a pleasant surprise to us. However, this may not necessarily translate into increased final placement hiring as often summer placements serve a different need of the recruiter. Hence, we are upgrading our expectation of final placements to one of cautious optimism and at the same time working hard towards attracting a diverse set of recruiters to campus.”
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