India’s biggest private sector company Reliance Industries and the country’s largest telecom operator Bharti Airtel each extended nine offers each in the second round of placements at Indian Institute of Management, Ahmedabad.
While the first round of placements was below expectation with consulting and investment banking firms making fewer offers, the second round was more or less in line with expectations with more than 30 companies participating this weekend.
According to a Times of India report, five sectors —consumer goods and services, general management and leadership, strategy and niche consulting, financial services and business development— led the placement pack during the second round.
While the consumer goods and services companies included regular participants such as HUL, P&G, ITC, Nestle, Airtel and L’Oreal, the general management and leadership cohort comprised Mahindras, TAS, RIL and Lodha group. The niche consulting firms included Feedback Infra, TSMG, Capgemini, EXL and Cheers Interactive.
The final placement process at IIM-A began on 10 February.The schedule for is as follows:
Cluster 1: 10th February 2013
Cluster 2: 17th February 2013
Cluster 3: 23rd February 2013
Cluster 4: 02nd March 2013
Cluster 1 began with a muted start with global strategy consulting, international investment banks, general management leadership programmes and investment management firms offering fewer number of positions as against last year.
In BFSI, major recruiters included Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley and Royal Bank of Scotland (RBS) among others. RBS made the largest number of offers in Cluster One, followed by Goldman Sachs, BNP Paribas and Espirito Santo.
In the consulting sector, BCG made the largest number of offers in Cluster 1, while McKinsey & Company and Accenture hired in double digits.