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News /  Cities /  Ahmedabad /  McKinsey and Boston Consulting G

McKinsey and Boston

Consulting Group make
most job offers at
Ahmedabad IIM
By: Express News Service

Ahmedabad | Updated: March 17, 2023 14:59 IST

Kalyan Perisetty, recruitment secretary at the IIM, said, “The

laterals and _nals placement process of IIM Ahmedabad
concluded on February 20." (File)

As firms from multiple domains participated in

the process, all students were placed, the IIM
said.

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06:26

McKinsey & Company and Boston Consulting

Group made the highest offers at the final
placement process for the Postgraduate
Programme in Management at the Indian
Institute of Management Ahmedabad (IIMA).
A total of 188 firms participated with
around 280 roles offered, including in pre-
placement offers.

McKinsey & Company made the most offers

(34), followed by Boston Consulting Group
with 33 offers. Among investment banks,
Goldman Sachs was the largest recruiter,
making eight offers, closely followed by o3
Capital with three offers. The conglomerate
cohort witnessed as high as a 135 per cent
increase in the number of net offers. The
private equity, venture capital and asset
management cohort witnessed close to a 19
per cent increase in the number of net offers,
and the cards and financial advisory cohort
saw a 20 per cent increase in the number of
net offers vis-à-vis last year.

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In the general management domain, Adani

made the highest number of offers (10),
closely followed by Essar Group, which rolled
out eight offers. In the IT consulting cohort,
Tata Consultancy Services was the most
prominent recruiter, with 10 offers. In the
laterals process, PwC made the highest
number of offers, 13, closely followed by
FinIQ, with 10 offers. American Express and
Angel One rolled out six offers each.

Firms from multiple domains participated

across the three clusters in final placements,
with all students placed across 23 cohorts, the
IIM said in a release issued Friday.

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Prof Ankur Sinha, chairperson of the

placement committee at the IIM, said, “Along
with the participation of multinational firms,
we saw an increase in attractive offers from
domestic firms with the potential to offer
better growth prospects. We saw an increase
in the participation of firms and also the
variety in job roles. The placement this year
indicates that the demand for high-quality
talent continues to grow, and demonstrates
the strength of the relationships we have built
with our recruiters over the decades.”

The placement process was completed in a

hybrid mode. However, in contrast to the
Covid years, a large number of recruiters
visited the campus while only a few logged in
from remote locations.

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Kalyan Perisetty, recruitment secretary at the

IIM, said, “The laterals and finals placement
process of IIM Ahmedabad concluded on
February 20. Despite challenging
circumstances caused by uncertainty in
markets, the process was driven by the core
philosophy of achieving the best ‘candidate-
recruiter’ fit. Like the preceding summer
cycle, recruiters were given the opportunity
to conduct interviews in online and offline
modes, making this the first-ever hybrid
laterals and finals placement process. Overall,
adequate preparation and contingency
planning worked out well, and we
successfully completed the process well on
time and maximised the candidate-recruiter
fit objective, with over 100 students
exercising the dream option across clusters
and several intra-cluster upgrades in offers.”
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The placement process was conducted in two

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

Also Read |IIM Ahmedabad launches open learning

platform for skilling courses; check details

In the second stage of the process, firms were

grouped into cohorts based on their core
business, and groups of cohorts were invited
to the 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 106 dream applications this year. This
gave students the flexibility to build careers
in sectors of their preference.

Sectoral overview

Firms from different sectors and geographies

participated in the process at the IIM through
laterals, finals and pre-placement offers.
Recruiters in the consulting domain included
Arthur D. Little, Alvarez & Marsal, Bain & Co.,
Boston Consulting Group, Kearney, KPMG,
McKinsey & Company, Monitor Deloitte,
Oliver Wyman, Praxis Global Alliance, PwC
and Strategy& Middle East. Prominent
recruiters in the investment banking &
markets and private equity, venture capital
and asset management space included A91
Partners, Arpwood Capital, ARGA Investment,
Avendus, Bank of America, Citibank, Goldman
Sachs, HSBC, JP Morgan Chase & Co, Kotak,
Morgan Stanley, Premji Invest, o3 Capital, and
Standard Chartered.
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Consumer goods, consumer services,

consumer tech and consumer electronics
cohorts’ firms that made offers were Airtel,
Asian Paints, Coca-Cola, HUL, Kimberly-Clark,
L’Oréal, Nestle, P&G, Samsung Electronics and
Wipro Consumer Care, among others. The
conglomerate and retail B2B & B2C cohorts
saw participation by Amazon, Adani Group,
Aditya Birla Group, Bajaj, CK Birla Group,
Emaar, Reliance and Tata Administrative
Services, among others. The banking,
financial services, insurance and cards, and
financial advisory recruiters included
American Express, Angel One, IDFC First
Bank, IIFL Securities and Mastercard.

Some prominent recruiters in enterprise tech

that gave offers were Adobe, Atlassian, Ikigai
Labs and Oracle. Firms participating in the
laterals process included Amagi, American
Express, Angel One, Arteria Technologies,
BrowserStack, Capital One, EXL Service,
FinIQ, Lodha Group, Media.net, Microsoft,
Ola, Paytm, Piramal Alternatives, Praxis
Global Alliance, PwC, Trident Limited and
Zomato. There were several new recruiters,
such as Essar Group, cult.fit, Javis, BLS
International, Wells Fargo & Co and
WestBridge Capital.

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Regular recruiters at the IIM Prabhav

Kashyap, partner and head of MBA
recruitment, Bain and Company, said, “IIMA
has always been a source of top professional
talent for Bain and continues to be this year
as well. We’re super thrilled to continue to be
one of the preferred recruiters at IIMA and
are excited to welcome the new generation of
‘Bainies’ to our firm.”

First published on: 17-03-2023 at 14:56 IST

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TAGS: Ahmedabad IIM IIM Placement

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