Major financial firms line up for IIM-A placements | india | Hindustan Times
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Major financial firms line up for IIM-A placements

The presence of major global financial firms marked the first day of placements at the Indian Institute of Management, Ahmedabad (IIM-A) on Saturday, reports Prasad Nichenametla.

india Updated: Feb 14, 2010 01:36 IST
Prasad Nichenametla

The presence of major global financial firms marked the first day of placements at the Indian Institute of Management, Ahmedabad (IIM-A) on Saturday.

The top management institute, which has deviated from its day-slot placement system of previous years, had about 15 to 20 firms offering jobs on the first day of the new, weekend placement process that will last two months.

Recruiters are now clubbed according to profile — as agreed by students.

Consultancy firms and investment banks such as JP Morgan, HSBC, Bain, BCG, McKinsey and AT Kearney are holding interviews on the first weekend.

This year also marked the return of Merrill Lynch and Bank of America. More than 100 students of a batch of over 310 will sit through the first weekend of interviews.

The new system gives students more time and choice. “It (the placement process) is much more relaxed now, both for the students and the recruiters,” Professor Saral Mukherjee, chairman, placements, IIM-A, told HT.

“We were a trifle apprehensive (about the new system) but the relaxed atmosphere in the interview rooms was a pointer that we have moved in the right direction,” he said. “Recruiters have expressed satisfaction with the new process and students too have interviewed with firms of their choice.”

“Compared to the situation last year, where everything was (done) in a hurry, the new system provides me more time to prepare and choice to select from,” said a second-year PG programme student.

Last year, IIM-A took nine days to place its batch.