Produced by: Aakanksha Chaturvedi Designed by: Mohsin Shaikh
The summer placement season for the Post Graduate Program in Management at IIM Ahmedabad began on November 1. The placement drive ended with sixty students receiving summer internship offers from top recruiters from different industries on day one
Out of the sixty offers extended, management consulting firm Boston Consulting Group (BCG) stood out as the top recruiter, making twenty-two offers. BCG beat top consulting firms like McKinsey and Bain to make the most offers on the first day of the recruitment drive
Goldman Sachs emerged as the leading recruiter in the investment banking and markets domain, extending nine offers to the students. Other recruiters who hired for investment banking and markets related roles were Bank of America, Citibank, Morgan Stanley, JP Morgan Chase, and HSBC
Additionally, 'Big Four' accounting firms - PricewaterhouseCoopers, KPMG, and Ernst & Young - offered summer internships on the first day. Out of the big four, Deloitte did not make any offers
Notably, firms in the private equity (PE) and venture capital (VC) domain also participated in the recruitment drive. Companies like Westbridge, I-squared Capital, RTP Global, Multiples, Faering Capital, and Piramal Alternatives were part of the placement process
IIM Ahmedabad noted the participation of new firms like Vector Consulting Group and Transformation X in the summer internship process. The placement rounds would continue till November 6
The ongoing placement process has several clusters. The clusters are divided based on the industries and sectors based on which the companies are recruiting. The first cluster included segments such as investment banking, management consulting, niche consulting, advisory consulting, cards and financial advisory, private equity, venture capital, and asset management
The institute noted in a release that the recruitment drive started successfully. “We witnessed the participation of several firms in the internship process. As stated earlier, Clusters 2 and 3 will be held on 3rd November and 6th November, respectively,” it said