Finance & Consulting Continue to Rule the Roost at IIM Ahmedabad Summer Placements

Finance & Consulting Continue to Rule the Roost at IIM Ahmedabad Summer Placements

It was business as usual on the IIM Ahmedabad campus as Summer Placements 2009 kicked-off on 13th November 2008. Contrary to wide-spread speculation about the impact of the global economic crisis on placements at IIM-A, the first day of placements saw major recruiters from

previous years re-affirming their commitment to select talent from the IIM-A campus at a time when most firms are cautious about hiring.

Student Choice - An IIM-A Commitment

Close to 300 PGP students were eligible for summer placements this season due to a considerable increase in batch size. Despite the increased magnitude of the challenge of placing more students in the current market environment, the placement process set in place this year continued to allow students to make choices between firms and across days. The 'dreams' policy which allows students to leave a previous offer for a ‘dream’ company was continued this time despite the risk of offer loss. IIM-A's firm belief in placing students in companies and roles of their choice for better long term careers has not changed.

Slot Zero - Good Times or Bad, Quality Never Goes Out of Fashion

The first day of placements saw major global banks and consulting firms on campus; the banking fraternity, represented by 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 5 students choosing to join them next summer. The first day of placements saw over 80 offers being made to students and by the end of Slot Zero, around 115 students had been placed in a job of their choice and had opted out of the placement process.

Finance & Consulting Continue to Rule the Roost

Despite the global financial crisis, finance saw the highest percentage of acceptances at 32%. This reflects the decision of the students to not base a long term career decision on a short term market outlook. Consulting came a close second at 26%. Marketing was the largest gainer from previous years with 23% of the batch choosing to opt for marketing roles.

India & Abroad - International Offers

The summer internship recruitment process saw over 90 international offers made to students across slots and functions. However, in many cases, these offers were turned down in favour of Indian offers. Other than banks and consulting firms, many general management roles offered by Aditya Birla Group and TAS, and marketing roles offered by P&G and HUL among others, will take students abroad for the duration of their internships.

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Contributed by -
Pratik Ved,
Secretary - Media Cell,
Students' Affairs Council,
IIM Ahmedabad.

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