International hiring plummets at IIM-A 2013 placements

Written by fe Bureau | Ahmedabad | Updated: Sep 21 2013, 16:43pm hrs
JobsA reverse trend can be seen in international placements, with only 15 students placed outside India against 40 last year.
Despite adverse market conditions, India's premier business school, Indian Institute of Management, Ahmedabad (IIMA), did not witness a hiring freeze with more than 130 firms participating in the placement process for 2013. As per the institutes report, the highest domestic salary offered was R32,65,000 for the flagship Post-graduate Program in Management (PGP) in banking, financial services and the insurance sectors. However, a reverse trend can be seen in international placements, with only 15 students placed outside India against 40 last year.

As per the data provided by the institute, the highest salary offered for international placement was $1,25,000. Out of the 373 students eligible for placement in the current years programme, 360 sought placement through the institute while five chose entrepreneurship.

Boston Consulting Group was the top recruiter across clusters, picking 15 students from the campus, followed by Accenture (13). It was followed by McKinsey & Company and Capgemini, each making 10 offers. Among global investment banks, Goldman Sachs lapped up seven students for roles in financial markets and quantitative strategy.

In the consumer goods and services sector, Airtel was the lead recruiter with 11 offers for roles in marketing and finance for both, India and international locations. Other recruiters included Bain & Company, Asian Paints, Microsoft, Oracle, Deloitte, Ernst & Young, KPMG and Google.