Trend: Buoyant B-School Summers signals upbeat Final Placements

 | December 09,2010 01:50 pm IST

The Indian economy seems to be emerging out of the global recession downturn it has been facing for over a period of time. With world powers approaching India for some strategic partnerships, Indian b-schools too saw an excellent summer placement 2010.

 

The summer internship process at IIM Ahmedabad, which was divided into four clusters, saw participation from 102 recruiters who made offers to a batch of 378 students. A total of 1.10 offers were made per student at IIM Lucknow to a batch of 414 students. The highest stipend offered at IIM Kozhikode this year was over Rs.1.5 Lakh and the average stipend saw an increase of over 80 per cent from the previous year. IIM Calcutta boasted of highest number of slot zero offers made across all IIMs with 215 students placed in slot zero.

 

The summer placement scene was nonetheless different at the non-IIM B-Schools. A total of 307 offers were made to a batch of 240 students at XLRI. The highest domestic stipend touched to a height of Rs.1.5 lakhs at JBIMS and MDI. The 235 students at FMS Delhi were placed by 91 companies when a record 145 visited the campus.

 

The summer placement process at IIMs and non-IIM b-schools was split within clusters and slots this year. This ensured that no student lost out of any opportunity to participate in either of the slots/clusters due to overlapping schedules.

 

Private Equity and Venture Capital majors Milestone Capital, Multiples, Seed Fund, Samara Capital, Walden International recruited in good numbers at IIM Lucknow. T. Rowe Price, a global investment management firm visited IIM Ahmedabad for the first time. However, IIMA did not disclose the name of any private equity firm, who participated in the summer placement process.

 

A $6 billion hedge fund company (name undisclosed) visited IIM Calcutta campus for second time. According to a press release by IIM Calcutta, it was the only campus in the country to host hedge funds during placements.

The Carlyle Group - the largest private equity player in the world, recruited from XLRI exclusively again this year. Boutique investment banks Elara Capital, Equirus Capital and Private Equity firms Jacob Ballas Capital, Multiples PE, M-Cap Fund Advisers, Clearwater Capital and Walden International also hired from the campus on the first day, offering a variety of finance roles. Houlihan Smith, a specialized investment bank, recruited exclusively from IIM Calcutta. Only 11 per cent of the total batch at FMS Delhi were offered role in investment banking, private equity and venture capital.

 

Banks and consults were the largest among recruiters at the recently concluded summer placements at IIM Ahmedabad. The Royal Bank of Scotland made a record 22 offers on cluster 1. Standard Chartered, Nomura and Morgan Stanley made thirteen, nine and eight offers respectively for investment banking and market roles. Consulting majors like Accenture and Ernst & Young made 10 offers each while McKinsey and Boston Consulting Group made 6 offers each. The Banking, Financial Services and Insurance sector emerged as a front-runner in terms of number of students recruited and was closely followed by the FMCG sector at JBIMS.

 

At IIM Kozhikode, Deutsche Bank, JPMorgan Chase, HSBC, Citi, Standard Chartered Bank, American Express, Elara Capital, ICICI Bank, Axis Bank, Singhi Advisors, UTI Mutual Funds, Birla Sun Life, Pears Capital etc. provided the students a plethora of opportunities to intern in the Finance sector, particularly asset management and investment banking. Banking and financial services were another major recruiter at IIM Lucknow, with 27 per cent of the total batch offered roles in this sector.

 

Unlike IIM Ahmedabad, 29 per cent of the batch was offered sales and marketing roles at IIM Lucknow.

IIM Calcutta, popularly known as finance campus of the country, 37 per cent of the batch opted for finance roles, while 28 per cent opted for marketing. RBS and UBS recruited in large numbers with 15 and 12 offers made respectively. Barclays Capital, Credit Suisse, Goldman Sachs, Nomura, BoA Merril Lynch, Morgan Stanley, JPMC, HSBC (Global), Citigroup and French investment bank BNP Paribas were among other major recruiters.

 

Apart from the regular recruiters, new recruiters demonstrated a keen interest in the summer placement process across campuses around India. New recruiters like Juniper Capital, Daimler, Religare Group, L&T Group, Idea, Aditya Birla Fashion & Lifestyle, Keane, etc chose to participate in the Summer Placement Process at MDI. The average stipend saw a 50 per cent increase over the last year reaching Rs.60,000.

 

The placement scenario was nevertheless different at FMS Delhi with 22 per cent batch opting for finance, 21 per cent for FMCG, 20 per cent for marketing and rest were offered roles in Investment Banking, Venture Capital and Private Equity, Consulting, General Management and IT. Citibank made highest number of offers, closely followed by consulting and FMCG giants like Accenture Business Consulting, Tata Administrative Services, Hindustan Unilever, Procter & Gamble and Mahindra & Mahindra.

 

The bullish trend in the summer placement process 2010 is a clear indicative of the economy not only recovering from the downturn but moving on the growth path.

 

Concluded.

 

 

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Comments


Guest on 12/10/10 at 12:11 am

why is the article so biased with the so called top b-schools (barring IIMs of course)!
how come it talks of mdi but not of institutes of comparable or better standards like IMI, IMT, IIFT, XIMB ? and then u pass a judge upon the indian economy looking at the summer placement stipend ! how much more crass can u be ...
summers is just a prelude by the big brand names to catch the fish (read students) .. we all know what kind of work an intern actually gets to do ..
Well all the best to all, request you not to take my comment very seriously ..
Cheers
Anonymous !


editor on 12/10/10 at 12:24 pm

Hello Anonymous

This report is a compilation of b-school data available with CoolAvenues.com


Guest on 02/05/11 at 09:50 pm

I hope your right about the economy picking up,about time!