The first cluster of summer placement process at the Indian Institute of Management Ahmedabad (IIMA) for the flagship Post Graduate Programme (PGP) class of 2024 was held recently.

The first cluster saw 60 firms participating from five cohorts of investment banking and markets, management consulting, niche consulting, cards and financial advisory and private equity, venture capital & asset management. The top recruiters included Boston Consulting Group with 28 offers, followed by Bain & Company with 23 offers.

Other prominent recruiters in the consulting domain included regular recruiters such as Alvarez & Marsal, Arthur D Little, Auctus Advisors, Ernst & Young, GEPConsulting, Kepler Cannon, McKinsey & Company, Pricewaterhouse Coopers, Strategy&, a statement from the institute said.

Hybrid model

The prominent recruiters in the investment banking and markets space included Avendus Capital, Bank of America, Citibank, Credit Suisse, Estee Advisors, Goldman Sachs, JPMorgan Chase and HSBC. Goldman Sachs was the largest recruiter in investment banking and markets cohort with 10 offers.

“In the PE and VC domain, we saw participation of firms like Blackstone, Gaja Capital, Jupiter Capita, Multiples, Premji Invest and Venture Highway,” said the statement. American Express with 9 offers, rolled out the maximum offers in the cards and financial advisory cohort. There was a 50 per cent year-on-year increase in the international offers in Cluster 1.

“As the pandemic has subsided, we conducted the entire placement process in hybrid mode. Companies had the convenience to conduct the process virtually or physically,” it said. Clusters 2 and 3 will be held on November 4 and November 7 respectively.