Summer Placements 07: IIM-A attracts global majors; Consulting, Finance firms dominate

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MBAUniverse.com News Desk |
July 28, 2016
Dispelling all anxieties and rumors about reduced hiring due to the subprime crises in US or the expected recession worldwide,

top-notch firms from all over the world flocked to the Indian Institute of Management Ahmedabad for the summer recruitment process for the batch of 2007-09. The recruitment, scheduled to be divided among three slots from November 13 to 18, saw all 263 students in the batch getting successfully placed in their choice of sectors.

The total number of firms participating in the Summers Placements 2008 at IIM Ahmedabad was close to 100. Top investment bank Goldman Sachs had the highest number of acceptances (17), followed by Lehman Brothers (15) and Merrill Lynch (13). Among the consulting firms, McKinsey and Co., The Boston Consulting Group and Bain and Co. led the charge. The Private Equity sector saw a total of 15 acceptances. A total of 123 students from the 2007-2009 batch will be interning abroad across various firms and functional roles.

A total of 157 students had got the job of their choice and had opted out of the placement process by the end of the much-coveted Slot 0. Last year, the same figure stood at 120. The number of Slot 0 firms increased sharply from 25 last year to 36 this year.

"The faith placed by recruiters in the superior quality of students at IIM Ahmedabad was evident by the fact that more than half of the batch (134 offer acceptances) was placed on the first day of placements," informs IIM-A.

What has made these placements noticeable is the diversity of the firms. Although the top investment banks and consulting firms continue to have the highest number of acceptances, the student community got a much more diverse pool of firms and roles to choose from. Says IIM-A, "Along with players in the Private Equity domain, there were firms like Google, Amazon, Chicago-based Starcom MediaVest group which came exclusively to IIM Ahmedabad and gave international roles involving business development and communication strategy."

With the global Private Equity firms extremely gung-ho about India, it came as no surprise that the number of PE firms visiting campus for placements grew five-fold. Many of the big players world-wide Blackstone PE, General Atlantic, Audax, Greater Pacific Capital visited campus for the first time and were very satisfied by the quality of students.

Other new firms on campus included investment banks and financial service majors like Macquaire, Rothschild, AIG and ING. Consulting majors Arthur D. Little and Value Partners recruited for summers for the first time at IIM-A. General Atlantic and ING recruited exclusively from IIM Ahmedabad , informs IIM-A.

Another trend seen was the increased willingness of firms to offer international postings to management graduates for marketing roles. Top firms traditionally hiring for their Indian offices - Hindustan Unilever Limited, Coca-Cola, Cadbury, Dabur, Aditya Birla Group offered positions abroad to summer interns this year in addition to Procter & Gamble (P&G), which used to be the only firm in this league till last year.