Consulting firms emerge as largest recruiters at IIMs

Written by Kirtika Suneja | New Delhi | Updated: Mar 26 2012, 09:14am hrs
Global consulting firms, including IBM Consulting, Boston Consulting Group (BCG), AT Kearney and McKinsey, have emerged as the largest recruiters of management graduates from the various branches of the prestigious Indian Institutes of Management (IIMs).

Consider this: Close to 30% of the offers at IIM Bangalore (IIM-B) came from consulting companies, while 18% of the batch of 317 students at IIM Kozhikode (IIM-K) got placed with such global giants. It was no different for IIM Ahmedabad (IIM-A) where over 40 management graduates were lapped up between BCG (17), Accenture (14), McKinsey & Company (9), and others.

Similarly, IIM-Bangalore, too, saw 37 offer acceptance from the likes of McKinsey & Co, BCG, Bain & Co, Booz & Co and AT Kearney. In terms of final placements, Accenture recruited 12 students from IIM-B. Deloitte Consulting made 14 offers, IBM Consulting 17 and Cognizant Business Consulting made nine offers at Bangalore.

IIM Calcutta (IIM-C) saw a number of first time recruiters, including IBM Consulting, Opera Consulting and KPMG. Even the first batch of IIM Rohtak, which graduated recently, saw 40% of the students securing attractive offers in consulting, operations, IT and general management profiles with the average salary being R12.22 lakh.

At IIM-K, Tata Groups TAS recruited for the first time and took six students, the highest across any IIMs.Major consultancy firms like McKinsey, Gallup Consulting, Deloitte, CBC, WCS, HSBC Consulting etc., also recruited students from the campus, said a statement from the institute, adding that the highest international and domestic package stood around R70 lakh and R32 lakh, respectively.

Interestingly, BCG made 45 offers to seven B-schools last year and, this year, it increased the number of offers to 60 of which 50 are with the IIMs. IIMA continues to be one of our core campuses for recruitment and we look forward to continuing recruiting large numbers, in line with our rapid business growth, said Ravi Srivastava, partner & director, BCG.

Commenting on the placements, Ravish Kumar, recruitment secretary, IIM-A, said: We are very happy with the way placements progressed despite the tough market conditions. Consulting firms, FMCG companies and e-commerce enterprises were the major recruiters in this year's final placements".

AT Kearney India partner and VP, Vikas Kaushal, said that his firm, besides making pre-placement offers to all five summer interns, recruited four students with demonstrated professional and academic excellence.