IIM Ahmedabad records 100% placement, 54% jump in dream applications

The roles offered by conglomerates also increased by 13 percent.

The final placement process for the MBA Class of 2024 of the Post Graduate Programme (PGP) in Management at the Indian Institute of Management (IIM) Ahmedabad was completed on February 12, 2024.

Firms from multiple domains participated across the three clusters in Final placements, with 100 percent of students placed across 30 cohorts, the institute said in a statement.

The placement process was conducted in two stages. The first was the lateral process, where firms interviewed students with prior work experience and offered them mid-level managerial positions. 28 firms participated from diverse sectors such as technology, banking, finance, consulting, analytics, etc.

In the second stage (finals) of the process, firms were grouped into cohorts based on their core business, and groups of cohorts were invited to campus across different clusters. As in previous years, students were provided with the flexibility of making “dream” applications to firms of their choice in a subsequent cluster, even with an offer in hand.

There were 163 dream applications this year, which is 54 percent higher than the previous year. This gave students the flexibility and choice to build careers in sectors of their preference.

Recruiters

Recruiters in the consulting domain included Arthur D. Little, Boston Consulting Group, Kearney, KPMG, McKinsey & Company, Monitor Deloitte, Oliver Wyman, Praxis Global Alliance, PwC and Strategy& Middle East, among others.

Prominent recruiters in the Investment Banking & Markets and Private Equity, Venture Capital, and Asset Management space included Arpwood Capital, ARGA Investment, Avendus Capital, Barclays, DE Shaw, Elevation Capital, Goldman Sachs, HSBC, and Premji Invest, among others. Consumer goods, consumer services, consumer tech, and consumer electronics cohorts’ firms that made offers were Bluestone, Diageo, Hindustan Coca-Cola Beverages, Loreal, Nestle, Phillip Morris International, United Breweries, and Wipro Consumer Care, among others.

The Conglomerate and Retail B2B & B2C cohorts saw participation like Abhinandan Lodha Groups, Adani Group, Aditya Birla Group, CK Birla Group, Essar, Jindal Shadeed and Tata Administrative Services. Some prominent recruiters in Enterprise Tech that gave offers were Cisco, HCL Tech, Javis, Microsoft, Media.Net and Newgen Software Technologies Ltd, etc.

Firms participating in the laterals process included Amazon, BrowserStack, Cisco, Coforge, Crompton Greaves, Edra Labs, EXL Service, FinIQ, Lodha Group, Livspace, Microsoft, Myntra, Navi, Piramal, PH Values and Wipro, among others. This year, there were 23 new recruiters, including Abhinandan Lodha, Bluestone, Crompton Greaves, DE Shaw, Diageo, Elevation Capital, GDi Partners, HDFC ERGO, India Sotheby's International Realty, Javis and Jindal Shadeed.

“....While there was a decline in management consulting offers, niche consulting offers increased significantly. We also saw an increase in hiring by conglomerates and domestic firms. The placement outcomes emphasise the enduring relationships and trust we have built with our recruiters, and also the reputation of the IIMA brand,” said Professor Ankur Sinha, Chairperson of the Placement Committee at IIM Ahmedabad.

Roles offered by conglomerates also increased by 13%

In the final placements process, firms that made the most offers (including PPOs) on campus included Accenture and Boston Consulting Group. Accenture made the most offers at the end of the final placement process with 26 offers, followed by Boston Consulting Group with 23 offers.

Among the Investment Banks, Goldman Sachs was the largest recruiter, making 9 offers, closely followed by JP Morgan with 5 offers. In the General Management domain, Adani made the highest number of offers – 10, closely followed by Essar Group, which rolled out 6 offers. This year the Management Consulting cohort witnessed a decrease in the number of offers by 15 percent vis-à-vis last year, while Niche Consulting witnessed a very significant increase.

The roles offered by conglomerates also increased by 13 percent. Apart from this, Tata Consultancy Services was a prominent recruiter with consulting roles with 17 offers, followed by PwC with 9 offers. In the Laterals process, FinIQ made the highest number of offers - 11, closely followed by Navi - 9 offers. Other notable offers were HUL - 6 (all PPOs), Microsoft in Laterals - 6 offers, and Praxis Consulting - 7 offers.