IIM-A placements: Over 115 firms recruit 375 students, Accenture top recruiter3 min read . Updated: 04 Mar 2015, 12:04 AM IST
Eleven students opted out of the placement process to start their own ventures in various fields
Accenture Strategy emerged as the top recruiter at the Indian Institute of Management, Ahmedabad, (IIM-A) scooping up 21 of its 375 postgraduate students in campus placements this year.
More than 115 companies participated in the placements, IIM-A said in a statement. Eleven students opted out of the placement process to start their own ventures in adventure tourism, data analytics, e-commerce and food processing, among others.
Accenture was the top recruiter across all clusters in terms of number of offers, picking up 21 students. In the strategy and consulting space, McKinsey and Co. and the Boston Consulting Group made 10 offers each, followed by Bain and Co. with nine. Other recruiters in the consulting space included Alvarez and Marsal, AT Kearney Inc., Deloitte and Touche Llp, KPMG Llp, Oliver Wyman and Roland Berger.
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. The second stage was the final placement where firms were grouped into cohorts based on the profile offered, and groups of cohorts were invited to campus across different clusters.
About half of the batch was eligible for lateral placements. Firms that participated in the laterals process included Aditya Birla Group, Alvarez and Marsal, Amazon, Flipkart, Google, Microsoft and Star TV India.
The banking and financial services sector witnessed participation from global investment banks such as Avendus Capital Pvt. Ltd, Citigroup Inc., Credit Suisse AG, Deutsche Bank AG, Goldman Sachs, Hong Kong and Shanghai Banking Corp. Ltd and Nomura. This year, IIM-A also saw participation from private equity and venture capital 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 and Johnson, L’Oreal, Mondelez International, Nestle, PepsiCo, P&G, Reckitt Benckiser, Shell, Vodafone and Wipro Consumer Care. General management and leadership profiles were offered to students by Aditya Birla Group, Bharti Airtel Ltd, C.K. Birla Group, Lodha Group, Mahindra and Mahindra Ltd, Reliance Group and TAS among others, it said.
Among global investment banks, Goldman Sachs made five offers. In the consumer goods and services sector, Hindustan Unilever Ltd and Star TV India were leading recruiters, making six offers each. In the general management sector, Bharti Airtel made nine offers while Aditya Birla Group and Future Group made eight offers each. In the Internet and e-commerce and technology sector, Amazon made 13 offers and Samsung 10.
Recruiters in the pharmaceutical domain included Dr. Reddy’s Laboratories Ltd and GlaxoSmithKline Pharmaceuticals Ltd. Several first-time recruiters such as Hopscotch, Future Group and Practo, among others, participated.
BrowserStack, a self-funded, fast-growing and young technology start-up operating in 130+ countries, also recruited for the first time. Ritesh Arora, co- founder of BrowserStack said, “Due to the innovative nature of our company, the challenges we need solved are unique. Recruiting from IIMA gives us access to a talented pool of candidates, who have out-of-the-box thinking and thus are ideal for our work environment."
Rahul Gangal, partner at Roland Berger, said, “Considering the needs of a global consulting firm like ours, we have always got applicants with appropriate experience levels and strong analytical skills at IIM-A, a fact that keeps bringing us back here."
Satish Deodar, chairperson of the institute’s placement committee, said, “If consistency is a virtue, this was the semi-centennial year of a yet another successful placement season at IIMA. 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, recruitment secretary at IIM-A, expressed his happiness. “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. We thank all recruiters for participating in the process, and look forward to further strengthening our relationship."