McKinsey & BCG hire 8 each, Investment Banks increase offers as IIM Ahmedabad kicks off placements

Towards the end of last December, the Indian Institute of Management (IIM), Ahmedabad had announced major changes to their placements process. The institute would move from a four-day high-tension process to a more relaxed system stretched over several weeks wherein companies offering similar roles would spend a weekend in campus and hire more thoughtfully. The new process kicked into action this weekend, the cluster featuring international investment banks, global strategy and niche consults and private equity & venture capital firms.

Both the Boston Consulting Group and McKinsey and Co made eight offers each, including pre-placement offers made to students who had interned with them last summer.

“This year several investment banks like Bank of America-Merrill Lynch came back on campus for recruitment after skipping the process last year. While as per institute policy we do not release the total number of offers, almost all recruiters are making more offers than last year,” said the institute press statement.

The new process allows recruiters to interact with the students for a longer duration. The relaxed atmosphere in and around the interview rooms were a pointer that we have moved in the right direction,” the press release quoted faculty in-charge of placements Prof Saral Mukherjee as saying.

At the time of this press release (8:15 pm) Cluster One interviews were still in progress.