The Boston Consulting Group (BCG) emerged as the top recruiter at the first cluster of the Summer Placement process for the PGP class of 2023, held at Indian Institute of Management Ahmedabad (IIMA). The firms that participated in Cluster 1 comprised of five cohorts — investment banking and markets, management consulting, niche consulting, cards and financial advisory and private equity, venture capital and asset management.
About 50 firms participated for Cluster 1 of the virtual summer placements. This included regular recruiters in the consulting domain such as Alvarez & Marsal, Arthur D Little, Auctus Advisors, Bain & Company, Ernst & Young, GEP Consulting, McKinsey & Company, Pricewaterhouse Coopers and Strategy&.
From the investment banking and markets space, prominent recruiters included Avendus Capital, Bank of America, Citibank, Credit Suisse, Estee Advisors, Goldman Sachs, JPMorgan Chase, HSBC, Morgan Stanley and Nomura (India & Singapore). Goldman Sachs was the largest recruiter from the pack with 9 offers.
In the PE and VC domain firms like Blackstone, Edelweiss, Gaja Capital, Iroha, Jupiter Capital, True North, Venture Highway, Xander and White Oak participated in the Cluster 1. Xander was the largest recruiter in the PE/VC and Asset Management cohort with 4 offers whereas American Express with 13 offers, rolled out the maximum number of offers in the cards and financial advisory cohort, a statement from IIMA said.
The Clusters 2 and 3 will be held on November 19 and November 22 respectively.