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I-banks, fin firms follow suit at IIMA

Shilpa Phadnis / DNA
Saturday, November 7, 2009 8:53 IST
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Banglore: Call it an upbeat finish to a heady start. The summer placements at
the Indian Institute of Ahmedabad (IIMA) sprinted to the finish line in a record four days raising hopes of a recovery in the job market.


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Finance remained the top pick this year with 44% of the students opting for investment banking, private equity, corporate banking and treasury roles. Eighteen percent of the students opted for marketing and sales profiles followed by consulting and general management and IT domains. A 312-strong batch sat for summer placements spread across Slot 0,1 & 2.

The Royal Bank of Scotland saw the highest number of acceptances - a total of 12 students will join the bank for summer internships in April-May 2010. Tata Administrative Services (TAS) made ten offers followed by technology giant

Microsoft and information technology services company Cognizant making 8 and 6 offers respectively.

Some of the other recruiters on campus were McKinsey, Bain, the Boston Consulting Group, Morgan Stanley, Goldman Sachs, UBS, Nokia, Nestle, Pepsi, Cadbury, HUL, P&G and Amazon.

Surprisingly, media and entertainment conglomerate Walt Disney picked up interns from the institute for marketing profiles.

Other first time recruiters include Nomura, Airtel, Oberoi Constructions and Western Union.

P&G, HUL, Coca Cola, Renault, Starcom MediaVest, TAS and Aditya Birla Group offered overseas positions at locations like France, Germany, United Kingdom, the Middle-East, Africa, South-East Asia and the United States of America. The overall number of international acceptances stood at 76.

"We are upgrading our expectation of final placements to one of cautious optimism and at the same time working hard towards attracting a diverse set of recruiters to campus," said prof Saral Mukherjee, chairperson of the placement committee at IIMA.

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