India’s premier institute continues to be one of the most favourite destinations of top recruiters in the world as the placement season ends up at IIM-A with a cheerful outgoing batch. Contrary to widespread speculation about the impact of the global economic crisis on placements at IIM-A, the campus saw major recruiters from previous years reaffirming their commitment to select talent from the IIM-A campus at a time when most firms are cautious about hiring.
Close to 300 PGP students were eligible for summer placements this season due to a considerable increase in batch size. The first day of placements saw major global banks and consulting firms on campus including Goldman Sachs, Morgan Stanley, The Royal Bank of Scotland, Rothschild and UBS among others were very visible and made several international offers with attractive summer packages. Among the consulting firms, Booz & Co, a first time recruiter in the summer process, made three offers – the highest for the firm across campuses. Mckinsey & Company had the highest number of acceptances across consulting firms with five students choosing to join them next summer.
As informed by the IIM-A director, Smeer Barua, all the students of PGPM programme were placed. “We received 90 offers from the international companies with total 117 companies visiting campus during the placement process. All of the 300 PGP students have been placed with attractive salary packages,” said Barua.
The students find it fairly well considering the present global economic scenario. Speaking to FE, Pratik Ved, an IIM-A student said, “Considering the present global financial crisis the current placements are fairly well. Not too large salary packages have been offered this time so far, but we could witness a fairly 100% placements.”
The sectoral break up for the summer placements 2009 shows 32% recruitment happening in Finance, 26% in Consulting, 23% in Marketing and 10% in General management.