IIM-A: 32 pc opt for finance in summer placements

The first day of placements saw global banks and consulting firms on campus. The banking sector, represented by Goldman Sachs, Morgan Stanley, The Royal Bank of Scotland, Rothschild and UBS made international offers. Among the consulting firms, Booz & Co, a first time recruiter in the summer process, made three offers. McKinsey & Company had the highest number of acceptances across consulting firms with five students opting to join them next summer. The first day of placements saw over 80 offers being made to students and by the end of Slot Zero, and around 115 students had been placed in a job of their choice and had opted out of the placement process.

The summer internship recruitment process saw over 90 international offers made to students across sectors and functions. Other than banks and consulting firms, many general management roles offered by Aditya Birla Group and TAS & marketing roles offered by P&G; and HUL among others, will take students abroad for the duration of their internships. Despite the global financial crisis, finance saw the highest percentage of acceptances at 32 pc. Consulting came a close second at 26 pc. Marketing was the largest gainer from previous years with 23 pc of the batch choosing to opt for marketing roles. 10 pc of the students opted for a general management role. Also, this year, around 15 students will do internships with entrepreneurial firms.

Prominent among other first time recruiters was the Planning Commission of India, which chose to recruit from IIM Ahmedabad. Another recruiter in this area was the Forward Markets Commission. Also, Artaaj, an event management firm, chose to come down to campus this year. While the number of Slot Zero offers compared to last year reflects the slowdown in the global economy, international banks have continued to show faith in IIM Ahmedabad students.