The recently concluded summer placements at the Indian Institute of Management, Ahmedabad, was robust, with 378 students out of the batch size of 381 accepting placement offers from 110 firms .
While the institute refused to divulge the stipend amounts received by the students, sources say that consulting firms and marketing giants made the highest offers, taking the average stipend up by 21% from last year. Among the companies that picked up students were 21 from abroad and 19 from India. Of those hired, 23.81% were recruited for consulting functions this year. Recruiters in the consulting space included global strategy consulting firms as well as niche consulting firms.
Among conglomerates, regular recruiters such as Aditya Birla Group, CK Birla Group, General Electricals, Mahindra, Reliance etc recruited students for their flagship management leadership programs. “Students also chose to pursue internships in offbeat sectors to explore careers in social and regulatory roles. Many students were recruited by SEBI and Anadwan for the purpose,” said a member of the placement committee at the institute.
In the technology, internet and e-commerce sectors, Amazon, Cognizant, Flipkart, Google, HCL, IBM, Infibeam, Microsoft, among others recruited students and offered decent stipends. Boston Consulting Group made 14 offers, the highest this year, while Aditya Birla Group and General Electric recruited 10 people each.
However, like last year, hiring for the finance function spiraled down from 25.72% last year to 20.9% this year. Though the major recruiters in the Banking Finance Services and Insurance sector included big names like Bank of America Merrill Lynch, Barclays, Citibank, American Express, Axis Bank and World Bank, very few roles for financial functions were offered by them.
According to officials at the institute, further details about the placement process will be released in an audited report as per the Indian Placement Reporting Standards within six months of the conclusion of the placement drive.