As the summer placement process began at the Indian Institute of Management, Ahmedabad (IIMA), the first cluster for the PGP class of 2022 comprising four cohorts — investment banking and markets, management consulting, advisory consulting and private equity, venture capital and asset management — was held.
Among the 50 recruiters that participated, global consulting major Bain & Company with made most — 20 offers, followed by The Boston Consulting Group with 19 offers.
Cluster-cohort process
IIMA follows a cluster-cohort based placement process wherein companies offering similar profiles are grouped into cohorts, and several cohorts are invited to the campus in a particular cluster. “Due to the ongoing pandemic, we are conducting the entire placement process virtually this year. As participating companies will not be physically visiting the campus, we implemented some digital initiatives that helped us carry out the process with utmost transparency. We saw a large pool of recruiters with about 50 firms participating in the process,” a statement from the institute said.
Other prominent recruiters in the consulting domain included regular recruiters such as Accenture Strategy, Alvarez & Marsal, Arthur D Little, Auctus Advisors, GEP Consulting, Kearney, KPMG, McKinsey & Company, Pricewaterhouse Coopers and Strategy&.
From the investment banking and markets space, Arpwood Capital, Avendus Capital, Bank of America, Citibank, Credit Suisse (Singapore and India), Goldman Sachs, JP Morgan, HSBC, Morgan Stanley and Nomura India, were the prominent ones.
Other domains
Edelweiss Wealth Management was the highest recruiter in investment banking and markets cohort with 10 offers. In the PE and VC domain, players like Blackstone, Gaja Capital, IndiaRF, Multiples Alternate Asset Management, Temasek and White Oak made offers to the students. True North was the highest recruiter in the PE/VC and Asset Management cohort with 4 offers.
The Clusters 2 and 3 will be held on December 4 and December 7 respectively. The institute will follow a rolling process post Cluster 3, if necessary. The summer internship recruitment process 2020-21 for the PGP-FABM programme of IIMA is scheduled on December 4. The institute will follow a rolling process post that, if necessary.