The placement process for the graduating batch of the Post Graduate Programme (PGP) in Management at IIM Ahmedabad was successfully completed within three clusters. The third and final cluster was held on 01st March 2015. The placement process, with the concept of “dream application”, allowed students to choose the sectors and functions of their choice for their final placement.
The successful completion of the recruitment cycle for the batch of 375 students stands testament to the high quality of students at the institute and the robust nature of the placement process that provides adequate flexibility to both students and recruiters. Placement process 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 process where firms were grouped into cohorts based on the profile offered, and groups of cohorts were invited to campus across different clusters.
Laterals process About 50% of the batch was eligible for lateral placements, which provided students an opportunity to optimally leverage their work experience. The laterals process included firms from diverse sectors such as Analytics, Banking & Financial Services, Management Consulting, Consumer Services, Internet & E-commerce, Pharmaceuticals and Technology. Firms which participated in the laterals process included Aditya Birla Group, Alvarez & Marsal, Amazon, Flipkart, Google, Microsoft and Star TV India amongst others. Sectoral overview
More than 115 firms participated in the placement process in 2015 including the laterals process. Companies from multiple sectors across different geographies hired candidates for a wide range of functions.
Recruiters in the consulting space included global strategy consulting and niche consulting firms: Accenture Strategy, Alvarez & Marsal, A.T. Kearney, Bain & Company, Deloitte, KPMG, McKinsey & Company, Oliver Wyman, Roland Berger, Strategy&, and The Boston Consulting Group amongst others.
The Banking & Financial Services sector witnessed participation from global investment banks, which included Avendus Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC and Nomura amongst others.
This year, IIM Ahmedabad also saw participation from PE/VC 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 & Johnson, L’Oreal, Mondelez International, Nestle, PepsiCo, P&G, Reckitt Benckiser, Shell, Vodafone and Wipro Consumer Care amongst others. General Management and Leadership profiles were offered to students by Aditya Birla Group, Bharti Airtel, C.K. Birla Group, Lodha Group, Mahindra, Reliance ADAG and TAS amongst others.
The Internet & E-commerce space included recruiters such as Amazon, Flipkart, OlaCabs, Quikr, Snapdeal and Uber. Students secured roles in technology sector firms such as Cognizant, Google, EdgeVerve, Microsoft and Samsung amongst others. Recruiters in the pharmaceutical domain include Dr. Reddy’s Laboratories and GlaxoSmithKline Pharmaceuticals among others.
A number of first-time recruiters such as Hopscotch, Future Group and Practo amongst others participated in the placement process. BrowserStack, a self funded, fast-growing and young technology start-up operating in 130+ countries, also recruited for the first time from IIM Ahmedabad this year. Ritesh Arora, cofounder 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, commenting on the experience at IIM Ahmedabad 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 IIMA, a fact that keeps bringing us back here.”
Top recruiters –
In terms of number of offers1: Accenture Strategy was the top recruiter across all clusters having selected 21 students from campus. In the strategy-consulting domain, apart from Accenture Strategy, McKinsey & Company and The Boston Consulting Group extended 10 each, Bain & Company made 9 offers. Among banking and financial services firms, Yes Bank made 10 offers. Among global investment banks, Goldman Sachs made 5 offers for various roles.
In the consumer goods and services sector: Hindustan Unilever and Star TV India were the leading recruiters having extended 6 offers each. In the general management sector, Bharti Airtel made 9 offers, Aditya Birla Group and Future Group made 8 offers each. In the Internet & e-commerce and technology sector, Amazon made 13 offers and Samsung extended 10 offers.
Entrepreneurship IIM Ahmedabad has always encouraged students to take up entrepreneurship as a career and this year, eleven students opted out of the placement process to start their own ventures. The start-ups are in various sectors like adventure tourism, data analytics, e-commerce, food processing among others. In line with its culture of fostering entrepreneurship, IIM Ahmedabad offered a placement holiday to these students, wherein they will be allowed to participate in placements in one of the next two years in the event that their venture does not work out.
Prof. Satish Deodhar, the Chairperson of the Placement Committee, IIM Ahmedabad said, “If consistency is a virtue, this was the semi-centennial year of a yet another successful placement season at IIMA! One-Many correspondence between domain and range does not exist in maths. Perhaps that is the difference between maths and IIM Ahmedabad PGP placements. 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, the Recruitment Secretary of IIM Ahmedabad said, “We are happy with a good Placement season that saw enthusiastic participation from both, regular recruiters as well as recruiters visiting campus for the first time. With firms looking to increase their hiring from IIM Ahmedabad, students had opportunities in various functions across diverse sectors. 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.”
Further details about the placement process including details about compensation will be released in an audited report, as per the Indian Placement Reporting Standards (IPRS), introduced by IIM Ahmedabad. The IPRS report for ‘Final Placements 2015’ will be released 6 months from the date of graduation, and the link to the report will be shared with all stakeholders, once released.
As published on the official website of IIM A.
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