Overseas placements at the Indian Institute of Management, Ahmedabad, the country’s top most B school, dropped by 65 per cent from last year. Of the total 360 students and 130 participating firms who took part in IIMA’s placement process, the number of students being placed in international locations nosedived from 42 last year to 15 this time around. A phenomenal 345 students were placed in India as compared to 309 students last year as per IIMA Final Placements report for PGP programmes for the year 2013, which were prepared as per the Indian Placement Reporting Standards (IPRS) on Friday.
More than 130 firms participated in the placement process in 2013, including the laterals process, of which the Boston Consulting Group was the top recruiter across clusters having picked 15 students. Several consulting firms, like Accenture, recruited 13 students while Mckinsey & Company and Capgemini made 10 offers each, while Bain & Company selected 9 students from the batch. Among global investment banks, Goldman Sachs was the largest recruiter, having picked seven students for roles in financial markets and quantitative strategy.
In the consumer goods and services sector, Airtel was the lead recruiter, having made 11 offers to students for roles in marketing and finance, both in India and international locations. Amazon recruited seven students in business development and operations. Only five students forayed into entrepreneurship of the 360 students. Among the offers, Consulting (115), Banking, Financial Services and Insurance or BFSI (59), Information Technology(42), Conglomerates (33), FMCG(29) and Engineering & Technology (22), Real Estate (13) were some of the sectors that recruited IIM graduates in big numbers while Pharmaceutical/Healthcare, Telecom and other sectors (education management, information services, learning and marketing, communications, leisure, travel and tourism) made only 11 offers each.
According to the report, the minimum fixed yearly cash component (domestic) is Rs 600,000 while the maximum is Rs 32,65,000. The median fixed yearly cash component (domestic) is Rs 13,10,000. For international offers, the minimum fixed yearly cash component stood at $21,077, while the maximum stood at $125,000 and the median, $38,956.
Besides the PGP programmes, IIM-A also released the data for its post-graduate programme in agri-business management (PGP-ABM) and the post graduate programme for management executives (PGPX). The final placements for