IIM Ahmedabad Placement 2015: Concept of Dream Application continues; 11 opt for Entrepreneurship

MBAUniverse.com News Desk |
March 10, 2015
Accenture Strategy emerged as the top recruiter at IIMA in placement 2015 across all clusters having selected 21 students from the batch of 375 students at the campus
"Each one of the PGP students, having acquired his or her domain knowledge over two years, received a range of top offers from different firms" Prof. Satish Deodhar, Chairperson Placement, IIMA

Making a promise to release further details about the placement 2015 process including the compensation statistics after 6 months in an audited report,  IIM Ahmedabad has concluded the campus placement 2015. According to IIM Ahmedabad  “As per the Indian Placement Reporting Standards (IPRS), introduced by IIM Ahmedabad, the IPRS report for ‘Final Placements 2015’ will be released 6 months from the date of graduation, and the link to the report will be shared with all stakeholders, once released.”

 Accenture Strategy emerged as the top recruiter at IIMA in placement 2015 across all clusters having selected 21 students from the batch of 375 students at the campus. In fact the batch strength is even higher but many students at IIM Ahmedabad do not participate in placement process and prefer entrepreneurship and other opportunities to choose from.

2 stage 3 cluster placements 2015

Sharing the key highlights in the placement 2015 IIM Ahmedabad has clarified that the placement process for the graduating batch of the Post Graduate Programme (PGP) in Management  was successfully completed within 3 clusters. The third and final cluster was held on March 1, 2015.

The placement process was conducted in two stages. The first was the laterals process where firms interviewed students with prior work experience and offered them mid-level managerial positions.

About 50% of the batch was eligible for lateral placements, which provided students an opportunity to optimally leverage their work experience. The laterals process included firms from diverse sectors such as Analytics, Banking & Financial Services, Management Consulting, Consumer Services, Internet & E-commerce, Pharmaceuticals and Technology. Firms which participated in the laterals process included Aditya Birla Group, Alvarez & Marsal, Amazon, Flipkart, Google, Microsoft and Star TV India among others.
 
The second stage was the final placement process where firms were grouped into cohorts based on the profile offered, and groups of cohorts were invited to campus across different clusters.

Largest batch

The successful completion of the recruitment cycle for the batch of 375 students stands testament to the high quality of students at the institute and the robust nature of the placement process that provides adequate flexibility to both students and recruiters.

Dream Application

The placement process, with the concept of “dream application”, allowed students to choose the sectors and functions of their choice for their final placement. Students are provided with the flexibility of making a “dream” application to any firm of their choice even with an offer in hand. This gives students the freedom to build careers in sectors of their preference.
 
More recruiters with more offers

More than 115 firms participated in the placement process in 2015 including the laterals process. Companies from multiple sectors across different geographies hired candidates for a wide range of functions with more offers.

Consulting

Recruiters in the consulting space included global strategy consulting and niche consulting firms. Accenture Strategy, Alvarez & Marsal, A.T. Kearney, Bain & Company, Deloitte, KPMG, McKinsey & Company, Oliver Wyman, Roland Berger, Strategy&, and The Boston Consulting Group were the top recruiters in Consulting domain.

Accenture Strategy was the top recruiter with 21 offers followed by McKinsey & Company and The Boston Consulting Group extending 10 offers each.  Bain & Company made 9 offers

BFSI  

The Banking & Financial Services sector witnessed participation from global investment banks, which included Avendus Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC and Nomura.

Yes Bank made 10 offers. Among global investment banks, Goldman Sachs made 5 offers for various roles. In the consumer goods and services sector, Hindustan Unilever and Star TV India were the leading recruiters having extended 6 offers each.

Sales & Marketing

This year IIM Ahmedabad also saw participation from PE/VC firms such as Matrix Partners and Apollo Global Management. A large number of students took up roles in Sales and Marketing in various companies such as Asian Paints, Hindustan Unilever, ITC, Johnson & Johnson, L’Oreal, Mondelez International, Nestle, PepsiCo, P&G, Reckitt Benckiser, Shell, Vodafone and Wipro Consumer Care among others.

General Management

General Management and Leadership profiles were offered to students by Aditya Birla Group, Bharti Airtel, C.K. Birla Group, Lodha Group, Mahindra, Reliance ADAG and TAS amongst others. The Internet & E-commerce space included recruiters such as Amazon, Flipkart, OlaCabs, Quikr, Snapdeal and Uber.

In the general management domain, Bharti Airtel made 9 offers, Aditya Birla Group and Future Group made 8 offers each.

IT

Students secured roles in technology sector firms such as Cognizant, Google, EdgeVerve, Microsoft and Samsung.

In the Internet & e-commerce and technology sector, Amazon made 13 offers and Samsung extended 10 offers. A number of first-time recruiters such as Hopscotch, Future Group and Practo amongst others participated in the placement process. BrowserStack, a self funded, fast-growing and young technology start-up operating in 130+ countries, also recruited for the first time from IIM Ahmedabad this year.

Phramaceuticals

Recruiters in the pharmaceutical domain include Dr. Reddy’s Laboratories and GlaxoSmithKline Pharmaceuticals.

IIMA: Fostering Entrepreneurship

IIM Ahmedabad has encouraged students to take up entrepreneurship as a career and this year, 11 students opted out of the placement process to start their own ventures. The start-ups are in various sectors like adventure tourism, data analytics, e-commerce, food processing.

 In line with its culture of fostering entrepreneurship, IIM Ahmedabad offered a placement holiday to these students, wherein they will be allowed to participate in placements in one of the next two years in the event that their venture does not work out. Prof. Satish Deodhar, the Chairperson of the Placement Committee, IIM Ahmedabad said, “If consistency is a virtue, this was the semi-centennial year of a yet another successful placement season at IIMA! One-Many correspondence between domain and range does not exist in maths. Perhaps that is the difference between maths and IIM Ahmedabad PGP placements. Each one of the PGP students, having acquired his or her domain knowledge over two years, received a range of top offers from different firms.”

Sumit Patil, the Recruitment Secretary of IIM Ahmedabad said, "Participation of a large number of recruiters stands testimony to the quality of students and robustness of the process. Our efforts to promote entrepreneurship were boosted with several students opting for their own ventures.”

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