IIM Ahmedabad Completes 100% Final Placements 2024 for Flagship PGP in 3 Clusters, PGP Food & Agribusiness placements completed in just 24 Hours!

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MBAUniverse.com News Desk |
February 14, 2024
Putting media rumors to rest, IIM Ahmedabad has announced that the entire batch of flagship PGP program was placed in 3 Clusters from February 6-12, 2024. Earlier, PGP-FABM was placed in just one day on February 9!
IIM Ahmedabad Placement 2024

IIM Ahmedabad has successfully completed its Final Placement Process 2024 for both flagship PGP program and PGP Food and Agribusiness (PGP-FABM). Firms from multiple domains participated across the 3 clusters in the Final Placements. Like in previous years, IIM Ahmedabad has not released financial and salary data as it undertakes a formal audit of all offers before publishing the numbers. IIM Ahmedabad PGP placements 2024 was spread over 3 clusters from February 6-12, 2024.

Announcing completion of Placements 2024, Prof. Ankur Sinha, Chairperson of Placements at IIM Ahmedabad said: “Even in a tough year for the job market, IIMA saw a large number of recruiters participating in the placement process. The successful completion of the placement process within three cluster days is a testament to the high-quality learning experience at the institute and the robust placement process that provides adequate flexibility to both recruiters and students.” He added, “This year as well we saw an increase in the participation of firms and also the variety in job roles was higher.”

IIM Ahmedabad Final Placements 2024 Kick Off with Cluster 1
The first cluster of the IIM Ahmedabad Final Placement process for the PGP class of 2024 was held on February 6, 2024. Companies that participated in Cluster 1 comprised of six sectors: investment banking and markets, management consulting, niche consulting, advisory consulting, cards and financial advisory, private equity, venture capital, and asset management. “We saw a large pool of recruiters, with 38 firms participating in the process, and Accenture Strategy being the highest recruiter with 25 offers.” Elevation Capital was the recruiter paying the highest package to IIM A recruits.

Prominent Recruiters in Cluster 1 at IIM Ahmedabad Placements 2024

Sector/ Cohort
Top Recruiters
Consulting
Oliver Wyman, BCG, McKinsey, Kearney, Strategy& Middle East, Monitor Deloitte, Simon-Kucher, Praxis Global Alliance, PwC, TCS and KPMG.
Investment Banking and Markets
Goldman Sachs, Avendus Capital, Arpwood Capital, Barclays, HSBC and DE Shaw.
PE and VC Domain
Premji Invest, Elevation Capital, Arga Investment
Cards and Financial Advisory Cohort
American Express

IIM Ahmedabad Final Placement 2024 - Cluster 2 Highlights
IIM Ahmedabad conducted Cluster 2 of the Final Placement process for the PGP batch of 2024 on February 9, 2024. This second cluster comprised of six cohorts: Conglomerates, Consumer Goods & Durables, Consumer Services, Advertising and Media, Pharma & Healthcare and Retail B2B & B2C. In Cluster 2, United Breweries, Bluestone, Essar Group and Adani Group made the highest number of offers - six each.

Prominent Recruiters in Cluster 2 at IIM Ahmedabad Placements 2024

Sector/ Cohort
Top Recruiters
Consumer Goods & Durables
P&G, Diageo, Phillip Morris International, Hindustan Coca-Cola Beverages, United Breweries, L’Oreal, Nestle, and Wipro Consumer Care.
Conglomerate cohort
Adani Group, Aditya Birla Group, CK Birla Group, Tata Administrative Services, Essar, Abhinandan Lodha Groups, and Vedanta.
Other Prominent Recruiters in Cluster 2
Infosys, Bluestone, Jindal Shadeed, Alkem Laboratories Limited, Madison, Maxim World, and Sun Pharmaceuticals Industries Ltd.,

IIM Ahmedabad Final Placement 2024 - Cluster 3 Highlights
IIMA conducted Cluster 3 of the Final Placement Process for the PGP Class of 2024 on 12th February 2024. The third cluster comprised eight cohorts, which included BFSI, Analytics & IT Consulting, Core Manufacturing & Infrastructure, Renewable Energy & Greentech, Government Enterprises, Enterprise Tech, FinTech and Logistics.

The BFSI cohort rolled out the second-highest offers after Core manufacturing & infrastructure. Cluster 3 saw recruiters like Tata Steel, NPCI, Jio Financial Services, Newgen Software Tech Ltd, Javis, BNP Paribas, Axis Bank, S&P Global, etc. Many new recruiters participated this year across cohorts, including Waree and Jio Financial Services.

With the conclusion of Cluster 3, the placement process ends with the placement of all the students of the PGP batch.

IIM Ahmedabad completes PGP-FABM (Post-Graduate Programme in Food & Agribusiness Management) Final Placement 2024
IIM Ahmedabad has confirmed that the entire batch of PGP-FABM was successfully placed in just one day on February 9! Reliance Industries and Grant Thornton Bharat have emerged as the top recruiters for this program.

Confirming the 100% placements of PGP-FABM batch 2024 in just one day, Prof. Ankur Sinha, Chairperson of Placements, IIM Ahmedabad, said, “The successful completion of the placement process within a day during a relatively tough year for the job market is a testament to the high-quality learning experience at the institute and the robust placement process that provides adequate flexibility to both recruiters and students.”

The FABM placements witnessed a balance of roles from all sectors like Agri-inputs, Agri-Tech, Consulting, Conglomerates, Food Processing, FMCG, Beverages, Environment and Energy. Reliance Industries Limited and Grant Thornton Bharat have emerged as the top recruiters. Other key recruiters include: Accenture, Ernst & Young (EY), United Breweries, Godrej Agrovet, PI Industries, Reckitt, Nestle, Marico, PepsiCo, Pidilite, DeHaat, DCM Shriram, Country Delight, Dhanuka, Terviva, Everest Instruments and INI Farms. Many new recruiters including Adani Gau Life Sciences, HyFun Foods, The Palladium Group, and TRST01 also recruited at IIMA.

IIM Ahmedabad Dispels Fear Mongering by National Media
With good start to its PGP Final Placements 2024, and 100% Placements of PGP FABM program, IIM Ahmedabad has put to rest the fear mongering by national media, who have cast doubts on MBA placements. To grab attention, even well-known national media outlets have been using every hint of negative news to create sensational headlines. On Nov 24, 2023, Times of India wrote “IIM-Bangalore places only 80% in summer internships..”. On Nov 24, 2023, Business Today wrote, “IIM Bangalore has seen an unprecedented failure in summer internship placements, raising questions about the causes and effects.” Telegraph, on 21 Nov 2023, wrote, “Unheard of’ internship placement failure at Indian Institute of Management Bangalore”.

Continue reading details of IIM Ahmedabad Summer Placements 2024 and Final Placements 2023.

IIM Ahmedabad Completes Summer Placement 2024: 406 Students Get 170 Roles; BCG, McKinsey, PwC, Accenture, Goldman Sachs, HUL Among Top Recruiters

Indian Institute of Management Ahmedabad (IIMA) has successfully completed the Summer Placements for the MBA 2023-25 batch of the Post Graduate Programme (PGP) in Management with top companies participating in placement process. Firms from multiple domains participated across the three clusters, with all students placed across 25 cohorts.

Average & Highest Salary: Sharp Hike Expected-Wait for Data Release
IIM Ahmedabad will release the salary data for Summer Placement 2024 after the audit report as per IPRS standards is released. The audited data for final placement 2023 of IIM Ahmedabad 2021-23 batch is still awaited although the placement process was completed as early as in February 2023. However, the sources are of the view that both average and highest salary packages have gone up substantially. In last year final placement 2022 IIM Ahmedabad registered highest domestic salary of Rs.61.49 LPA and highest international salary of US$140,599. Average domestic salary in Placement 2022 was Rs.32.80 LPA while average international salary in Placement 2022 was Rs.US$108,405. It is understood that salary packages in IIM Ahmedabad final placements 2023 have gone up with a high percentage rise. Exact data is yet to be released by IIM Ahmedabad for summer placement 2024 and final placement 2023.  

Summer Placement 2024 at IIM Ahmedabad
IIM Ahmedabad follows Cluster-Cohort Placement System. Key highlights of the process are:

  • Total 406 Students Placed
  • 124 firms participated
  • 170 different roles were offered in the summer placement process this year. 
  • Firms were grouped into cohorts based on the profile offered
  • Groups of cohorts were invited to campus across different clusters
  • Students were provided the flexibility of making “dream” applications to firms of their choice in a subsequent cluster, even with an offer in hand.
  • 96 students made over 149 dream applications this year
  • Top Recruiters included BCG, Bain & Company, McKinsey, Kearney, PwC, Accenture, Goldman Sachs, HUL, P&G, Mahindra, Adani, Amazon, TCS, Tata Steel, Alvarez & Marsal, Arthur D. Little, Auctus, Kepler Cannon among others

IIM Ahmedabad Summer Placement 2024: Cluster wise details
Cluster-wise details for IIMA summer placements 2024 are as below

Clusters
Students Placed
Cluster-1
187
Cluster-2
117
Cluster-3
98
Other Internships (Off-campus, IIMAvericks)
 4
Total
406

Top Recruiters in IIM Ahmedabad Summer Placements 2024
In the Management Consulting cohort, Boston Consulting Group was the top recruiter with 22 offers, followed by Bain & Company, McKinsey and Kearney as other top recruiters. In the Advisory Consulting domain, PwC made the maximum offers – 13. In the Consulting sector, Accenture made the highest offers – 19. Goldman Sachs was the highest recruiter in the Investment Banking and Markets cohort with 9 offers. I Squared Capital, Westbridge, and WinZO Funds were the highest recruiters in the PE/VC and Asset Management cohort with 3 offers. In the Consumer Goods and Durables, HUL extended the most offers – 9, followed by Proctor & Gamble with 6 offers. With 11 offers, Mahindra was the largest recruiter in the Conglomerates cohort, followed by Adani with 10 offers. Amazon was the highest recruiter in the Retail B2B & B2C domain with 7 offers. In the IT Consulting cohort, Tata Consultancy Services was the largest recruiter with 19 offers. Fin IQ Consulting was the highest recruiter in the Financial Tech cohort, with 5 offers. Tata Steel was the highest recruiter in the Core Manufacturing & Infrastructure cohort with 5 offers. 

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 Sector Wise Placements

Sector
Number of Students Placed
Percentage of Students Placed
Consulting
142
35%
Finance
 73
18%
Marketing
 48
12%
General Management
 50
12%
Product/Category Management
 56
14%
Others (Business Development, HR, IIMAvericks
 35
 9%
Total Placed
404
100%

This year, there were 12 new recruiters, including Tata Steel, Param Hansa Values, India Sotheby's International Realty, Glenmark Pharmaceuticals Limited, and NPCI. 

Prof. Ankur Sinha, Chairperson of Placements at IIM Ahmedabad, said, "This year, we completed the summer placement process in hybrid mode, during which all the students were placed with offers across multiple sectors and industries.”

Entrepreneurship at IIM Ahmedabad
IIM Ahmedabad has always encouraged students to take up entrepreneurship as a career by opting for IIMAvericks Fellowship. The IIMAvericks Fellowship includes mentorship from CIIE.CO and financial support for a period of 2 years. At any time during the Fellowship, the student can return and sit for placements through the Institute’s placement process. This year, 2 students opted out of the placement process to work on their own venture, under the IIMAvericks Fellowship.

The Recruitment Secretary at IIM Ahmedabad, said, "The core philosophy of the placement system at IIM Ahmedabad is the right student-career fit. This is achieved by providing multiple dream options to students until they secure an internship offer in the company of their choice. The cluster-cohort placement process is designed to facilitate the same, in which students can secure an offer and upgrade to the company/cohort of their choice within a cluster and apply for dream companies/cohorts across clusters.”

IIM Ahmedabad will release IPRS Audited Report with further details after wards

IIM Ahmedabad Final Placements 2023
IIM Ahmedabad conducted the final placement process in two stages. The first was the Laterals process where firms interviewed students with prior work experience and offered them mid-level managerial positions. 36 firms hired from diverse sectors such as technology, banking, finance, consulting, analytics, participated. In the second stage of final placement process, firms were grouped into cohorts based on their core business, and groups of cohorts were invited to campus across different clusters. As in previous years, students were provided the flexibility of making “dream” applications to firms of their choice in a subsequent cluster, even with an offer in hand. There were 106 dream applications this year. This gave students the flexibility and choice to build careers in sectors of their preference.

IIM Ahemadabad Final Placement 2023: Key Highlights

  • IIM Ahmedabad conducted the entire process of Placement 2023 in Hybrid Mode in 3 days
  • Firms from different sectors and geographies participated in the Placement process
  • IIMA followed the dream campus concept in Placement process 2023 and got 106 dream applications in the cluster process
  • Prominent sectors and domains in IIM Ahmedabad placement season 2023 included Consulting, Investment Banking, Conglomerate, Consumer Goods & services, Retail, BFSI, Private Equity, Venture Capital, Asset Management among others
  • 188 Marquee companies participated in Placement 2023
  • 280 Different Roles were offered to IIMA students
  • 400+ students participated in placement 2023 and all were placed in 23 cohorts in 3 days across three clusters
  • Student-recruiter fit Process with students upgrading their offers during the process
  • McKinsey & Company with 34 offers emerged as the top recruiter followed by Boston Consulting Group with 33 offers
  • Many new recruiters like Essar Group, Javis, BLS International, Wells Fargo & Co among others participated for the first time and made offers
  • IIM Ahmedabad follows IPRS standards and Salary Data for Placement 2023 will be released after the IPRS Audit in September/October 2023

Prof. Ankur Sinha, Chairperson of the Placement Committee at IIM Ahmedabad said, “This year, we completed the final placement process in hybrid mode. In contrast to the COVID years, we saw a large number of recruiters visiting the campus while only a few logged in from remote locations. The process achieved its stated objective of finding the right student-recruiter fit by providing students with options to upgrade and dream to the organisations of their choice. We saw an increase in the participation of firms and also the variety in job roles. Along with the participation of multinational firms, we saw an increase in attractive offers from domestic firms with the potential to offer better growth prospects.”

Top Recruiters in IIM Ahmedabad Placements 2023

  • 188 companies participated in IIM Ahmedabad placements 2023 making 280 diverse role offers including PPOs
  • McKinsey & Company made the most offers (including PPOs) at the end of the final placement process with 34 offers, followed by Boston Consulting Group with 33 offers
  • Among the Investment Banks, Goldman Sachs was the largest recruiter (including PPOs), making 8 offers, closely followed by o3 Capital with 3 offers
  • This year, the Conglomerate cohort witnessed a 135% increase in the number of net offers
  • The Private Equity, Venture Capital and Asset management cohort witnessed close to a 19% increase in the number of net offers
  • The Cards and Financial Advisory cohort witnessed a 20% increase in the number of net offers vis-à-vis last year
  • In the General Management domain, Adani made the highest number of offers (including the pre-placement offers) – 10, closely followed by Essar Group, which rolled out 8 offers
  • In the IT Consulting cohort, Tata Consultancy Services was the most prominent recruiter, with 10 offers (including PPOs)
  • In the Laterals process, PwC made the highest number of offers-13, closely followed by FinIQ-10 offers
  • American Express and Angel One rolled out 6 offers each

Regular recruiters were also impressed with the smooth and convenient process conducted at IIMA. Prabhav Kashyap, Partner and Head of MBA Recruitment, Bain and Company, said, "We're super thrilled to continue to be one of the preferred recruiters at IIMA and are excited to welcome the new generation of 'Bainies' to our firm.”

New Recruiters in IIM Ahmedabad Placements 2023
There were several new recruiters this year, including Essar Group, cult.fit, Javis, BLS International, Wells Fargo & Co and WestBridge Capital, among others.

Sectoral Placements 2023 at IIM Ahmedabad
Firms from different sectors and geographies participated in the process at IIM Ahmedabad through Laterals, Finals, and PPOs. Below is shared the sectoral overview of Placements 2023

Consulting
Recruiters in the consulting domain included Arthur D. Little, Alvarez & Marsal, Bain & Co., Boston Consulting Group, Kearney, KPMG, McKinsey & Company, Monitor Deloitte, Oliver Wyman, Praxis Global Alliance, PwC and Strategy& Middle East, among others.

Investment Banking & Markets and Private Equity, Venture Capital, and Asset Management
Prominent recruiters in the Investment Banking & Markets and Private Equity, Venture Capital, and Asset Management space included A91 Partners, Arpwood Capital, ARGA Investment, Avendus, Bank of America, Citibank, Goldman Sachs, HSBC, JP Morgan Chase & Co, Kotak, Morgan Stanley, Premji Invest, o3 Capital, and Standard Chartered, among others.

Consumer Goods & Services
Consumer goods, consumer services, consumer tech, and consumer electronics cohorts’ firms that made offers were Airtel, Asian Paints, Coca-Cola, HUL, Kimberly-Clark, L’Oréal, Nestle, P&G, Samsung Electronics and Wipro Consumer Care, among others.

Conglomerate and Retail
The Conglomerate and Retail B2B & B2C cohorts saw participation like Amazon, Adani Group, Aditya Birla Group, Bajaj, CK Birla Group, Emaar, Reliance and Tata Administrative Services. 

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  BFSI
The Banking, Financial Services & Insurance, and Cards & Financial Advisory recruiters included American Express, Angel One, IDFC First Bank, IIFL Securities and Mastercard.

Enterprise Tech
Some prominent recruiters in Enterprise Tech that gave offers were Adobe, Atlassian, Ikigai Labs and Oracle.

Lateral Placements at IIM Ahmedabad
Firms participating in the Laterals process included Amagi, American Express, Angel One, Arteria Technologies, BrowserStack, Capital One, EXL Service, FinIQ, Lodha Group, Media.net, Microsoft, Ola, Paytm, Piramal Alternatives, Praxis Global Alliance, PwC, Trident Limited and Zomato among others.

Student-Recruiter fit Placement Process
Kalyan Perisetty, the Recruitment Secretary at IIM Ahmedabad, said, “The Laterals and Finals Placement process of IIM Ahmedabad concluded on 20th February 2023. Despite challenging circumstances caused by uncertainty in markets, the process was driven by the core philosophy of achieving the best ‘candidate-recruiter’ fit. The cluster-cohort process, in conjunction with dream opportunities, aims to facilitate the same. Students have the option to hold and upgrade Pre-Placement offers and Lateral Placement offers. Additionally, students may secure an offer and upgrade within and across clusters.”

Recruiters were given the opportunity to conduct interviews in online and offline modes, making this the first-ever hybrid Laterals and Finals Placement process.

IIM Ahmedabad Placement 2023: Salary Data Yet to be Released
IIM Ahmedabad follows IPRS standards. The IPRS Report which further details all about the placement data is released in an audited report, as per the Indian Placement Reporting Standards (IPRS), introduced by IIMA in an effort to bring about greater transparency in B-school placements across the country. The IPRS report for ‘Final Placements 2023’ is yet to be released.

IIM Ahmedabad has recently witnessed change of leadership with Professor Bharat Bhaskar taking the charge as its New Director on March 1, 2023. Prof Bhaskar succeeds Prof Errol D’Souza who has successfully completed his term as IIMA director in Jan 2023. Prior to joining IIM-A as Director, Prof Bhaskar served as a Professor of Information Technology and Systems at IIM Lucknow. He has also served as Director of IIM Raipur from March 2017 to March 2022, Acting-Director of IIM Lucknow during July 2015 to November 2015, as a Mentor Director/Convener (Nodal Prof) at IIM Sirmaur in 2015. He was honoured with ‘Best Director of Business Schools’ award for transforming IIM Raipur to a great place to work and its exponential growth.

Founded as an innovative initiative by the Government, industry and international academia in 1961, Indian Institute of Management Ahmedabad (IIMA) is a premier, global management Institute at the forefront of promoting excellence in the field of management education. IIM Ahmedabad is ranked # 1 in Govt of India NIRF Rankings 2022 among top 125 management institutes in India and is the most preferred B-school to pursue MBA. 

Stay tuned to MBAUniverse.com for more updates on IIM Ahmedabad