Premier B-school, Indian Institute of Management Ahmedabad (IIMA) informed that 131 companies including 41 new recruiters picked up the managerial talents from the institute during the final placements in 2021. The institute informed that total 131 firms participated with 170 different roles in the placement process in 2021. However, the total number of recruiting companies fell as compared to last year, when 153 firms had participated with 182 different roles.
Also, the number of students opting for entrepreneurship has also fallen to just one as against two each in 2020 and 2019 and six in 2018. The 41 new recruiters in 2021 placements, included Eversana, Five Holdings, Intueri Consulting, Indxx Capital, Lifesight, and Navi Technologies. The number of new recruiters had increased from last year's 38.
Covid placements
The students were provided the flexibility of making “dream” applications to firms of their choice in a subsequent cluster even with an offer in hand. This year 86 dream applications were made, which was 160 last year. This gave students the flexibility and choice to build careers in sectors of their preference.
Commenting on the unusual year and the placements under the shadow of Covid-19, Amit Karna, Chairperson of the Placement Committee at IIMA, said, "We completed the placement process in a virtual mode with recruiters and students logging in from remote locations. The process achieved its stated objective of finding the right student-recruiter fit by providing students with options to upgrade and dream on the organisations of their choice. The 2021 placement process also demonstrated the preparedness of the Institute to adapt to the changing times."
From sectoral aspect, IIMA saw top recruiters in management consulting domain with Accenture Strategy, Analysys Mason, Arthur D. Little, Bain & Co., Boston Consulting Group, among others. In the investment banking and markets space top offers were made by Avendus, Citi, Credit Suisse, Goldman Sachs, HSBC, among others. Consumer goods, consumer services and consumer electronics cohorts saw participation by regular recruiters like Asian Paints, CavinKare, HUL, Indigo, among others. The General Management cohort saw the likes of CK Birla Group, Reliance Industries Limited and RPG Group, while the Retail B2B & B2C cohort consisted of firms like eShakti, Grofers India Private Limited and Flipkart among others.
Across sectors
For Banking, Financial Services & Insurance (BFSI) space, Angel Broking, and Bajaj Finserv were top ones, while Laterals process saw Amazon, BrowserStack, Capgemini, FinIQ, Flipkart, Microsoft, Paytm, among others.
Besides India, the roles were also opened across geographies including Singapore and Middle East. Boston Consulting Group and McKinsey made the most offers at 32 and 30 respectively. Institute's Recruitment Secretary, Udayabhaskar Singathurai, said, "Multiple dream options including across and within clusters, options to hold and upgrade pre-placement offers and lateral placement offers were provided to the PGP 2021 batch to ensure the student-career fit."
The first time recruiter at the institute, Akanksha Chaturvedi, Head of HR at Navi said, "With a strong alumni presence, IIMA for us was one of the preferred campuses. The entire process was seamless and well managed.” As a regular recruiter, Mario Gonsalves, Managing Director and Partner at Boston Consulting Group commented, "While recruitment processes at campus have been managed like clockwork historically, given Covid-related restrictions, running a virtual process seemed like an insurmountable challenge at the start of the season. However, it has been no different this time. The IIMA team and our internal teams have strived hard to ensure that we bring the best of IIMA to BCG, yet again."