The management consulting sector dominated at the latest final placements at the Indian Institute of Management - Ahmedabad (IIMA), revealed a consolidated statement of the three clusters of placements held earlier this month.
Total 190 firms had participated with around 220 different roles in the placement process for the MBA class of 2022 of the Post Graduate Programme (PGP) in Management at IIMA.
Top recruiters
The firms which made the most offers on campus included Boston Consulting Group with 47 offers including pre-placement offers and Accenture Strategy with 32 offers.
Among the Investment Banks, Goldman Sachs was the largest recruiter with 6 offers, closely followed by Bank of America with four offers.
In the consumer goods and general management domain, Tata Administrative Services (TAS) made the highest number of offers (including the pre-placement offers) at 6, closely followed by HUL, Mondelez and Emaar, with 3 offers each. In the IT Consulting cohort, Tata Consultancy Services was the largest recruiter with 4 offers.
Two-stage placements
The final 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.
"36 firms hired from diverse sectors such as technology, banking, consulting and analytics," it said.
In the second stage of the Final Placement process, firms were grouped into cohorts based on the profile offered, and groups of cohorts were invited to campus across different clusters.
There were 35 dream applications this year, giving students the flexibility and choice to build careers in sectors of their preference.
Ankur Sinha, Chairperson of the Placement Committee, IIM-A, said, "While the appetite of the regular recruiters was higher this year than the previous years, we also saw a significant increase in the participation of firms and the variety in job roles. This clearly indicates that the demand for high quality talent continues to grow and demonstrates the strength of relationships we have built with our recruiters over the decades."
New recruiters
There were several new recruiters including A&W Capital, B9 Beverages (Bira 91), Eightfold.Ai, EY Parthenon, Garena, Info Edge Venture Fund, Nykaa, PWC US Advisory, UnDosTres, Zee Entertainment Enterprises and Zomato, among others.
Besides BCG and Accenture, the recruiters from consulting domain included Arthur D. Little, Bain & Co., GEP Consulting, Kearney, KPMG, Mastercard, McKinsey & Company, Monitor Deloitte, Oliver Wyman, Praxis and PwC among others.
Prominent Investment Banking and Markets players included ARGA Investment, Avendus, Sanford C. Bernstein, Citi, Goldman Sachs, HSBC, Premji Invest & The Xander Group among others.
Vipul Kondan, Associate Director of Research, ARGA Investments commented, "ARGA Investment Management LP continuously seeks to enhance its rich global team by adding the high-end talent across the world. With strong credentials, IIMA was a preferred campus. The entire process was seamless and well managed. Look forward to a continued enriching partnership with IIMA."
Consumer goods, consumer services and consumer electronics cohorts saw participation by regular recruiters like Asian Paints, CavinKare, Dabur, HUL, ITC, Nestle, P&G, Reckitt, Samsung Electronics, Tata Sky and Wipro Consumer Care among others.
The conglomerate cohort saw participation like Adani Group, Aditya Birla Group, CK Birla Group, Emaar, and Tata Administrative Services, while the Retail B2B & B2C cohort consisted of firms such as Amazon, eShakti, Flipkart, Myntra and Nykaa among others.
The banking, financial services and insurance recruiters included firms like Angel Broking, and Bajaj Finserv among others.
Firms that participated in the Laterals process included Amazon, American Express, BrowserStack, Capgemini, FinIQ, Flipkart, General Atlantic, Google, Microsoft, PayTM, Sprinklr, among others. Roles were also opened across geographies including Mexico and UAE.
"This year, the private equity, venture capital and asset management cohort witnessed close to 42 per cent increase in number of net offers and Management Consulting cohort witnessed close to 30 per cent increase in number of net offers vis-à-vis last year," the institute said in a statement.
IIM Ahmedabad follows a cluster-based system of the final placements process. Due to the Covid-19 pandemic, the entire placement process is being conducted virtually this year. Participating companies are not be physically visiting the campus.