IIM Ahmedabad placements saw 100 companies
More than 100 companies participated in the placement process for the 2017 postgraduate programme (PGP) class at the Indian Institute of Management-Ahmedabad (IIM-A).
This year, Amazon made the maximum number of offers: 18. McKinsey & Company made the highest number of offers in the consulting domain (15). Among global banks, Goldman Sachs was the largest recruiter, having picked nine students.
Average median and highest salaries are not yet disclosed but speculated to touch 19 lacs median salary cash component.
In the sales and marketing domain, HUL extended seven offers followed by Procter & Gamble, SC Johnson, and Samsung with six offers each. With 10 offers, TAS was the largest recruiter in the general management cohort. Sprinklr extended nine offers in the consumer tech cohort.
As in previous years, students were provided the flexibility of making “dream” applications to firms of their choice in a subsequent cluster even with an offer in hand. There were 110 dream applications this year and this year, seven students opted out of the placement process to work on their own ventures,under the guidance and mentorship of CIIE.
Utsav Bhattacharjee, the Recruitment Secretary at IIM Ahmedabad said, “The cluster-cohort system is unique to IIM-A. It is meant to encourage students to consider career choices based on role and sector. The increase in the number of dream applications available per student (wherein a person could apply and sit for 5 more companies after securing an offer) was also a step in the same direction and it was interesting to see a substantial increase in the number of students exercising this option.”
Among the banking, financial services and insurance recruiters, American Express, FinIQ, Fullerton and RBL have offered roles while from sales and marketing, Airtel, Asian Paints, HUL, ITC, Nestle, P&G and Reckitt Benckiser extended offers.
The placement process was conducted in two stages. The first was the laterals process in which firms interviewed students with prior work experience and offered them mid-level managerial positions. More than 30 firms hired from diverse sectors such as technology, consulting, pharmaceuticals and analytics.
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.