IIM(A) summer placements at record speed
In what can be termed as a clear pointer to the revival in the economy, all first year students of the Indian Institute of Management at Ahmedabad were placed with summer internships — in just four days, reports Prasad Nichenametla.business Updated: Nov 07, 2009 02:12 IST
In what can be termed as a clear pointer to the revival in the economy, all first year students of the Indian Institute of Management at Ahmedabad were placed with summer internships — in just four days.
This, when on an average, summer placements go on for about a week here.
<b1>While the institute found it difficult to provide the students with the internships at this time of the year in 2008 — immediately after the global collapse — this year, the largest-ever batch with 312 students were placed in four days.
Investment banks hired 77 students on the first day itself — in 2008, the figure was 35
Top-notch firms like Bain, Morgan Stanley, McKinsey and Company, Goldman Sachs and Microsoft are among those who offered the internships. Royal Bank of Scotland came exclusively for international roles across Hong Kong and London.
For the first time, US-based Walt Disney hired from IIM-A.
“What we gather (from the placements) is the positive way companies are recruiting this year, which definitely points to the economy jumping back to its growth track,” Madhavi Lall, head, HR, Standard Chartered (India and South Asia) told HT.