IIM A placements: Are fewer consulting jobs, indication of MBA hiring this year?

 IIM A placements: Are fewer consulting jobs, indication of MBA hiring this year?

The first placement cluster kick started on Saturday

Though job offers during the first cluster of final placements at IIM-Ahmedabad for the batch of 2011-13 of the flagship Post Graduate Programme in Management (PGP) were lower as compared to last year, the salaries offered are at least 10-15 percent higher this year, with Barclays, Citi, Deutsche and Goldman Sachs leading the pack.

The first placement cluster began on Saturday and was dominated by international investment banks, consulting firms, general management leadership programmess and investment management firms. According to an Economic Times report, 50 to 60 students got placed in the first cluster against 70 last year due to the low number of offers from consulting firms.

A statement from the Post-Graduate Programme in Management's placements committee said the Boston Consulting Group made the highest number of offers to students at 15. The firm was "closely followed by Accenture, McKinsey & Co. and Bain & Co," the committee said without revealing numbers.

But despite being known as the 'super consulting firms' McKinsey, BCG and Bain did not recruit more than four students each. On the other hand, invest banks made more offers this year as against last year

In 2012, consulting sector hired 106 IIM-A grads while BFSI sector hired 72 students.

This year, however, FMCG companies are likely to dominate placements during the second cluster to be held next weekend on 17 and 18 February.

Meanwhile, Thomson Reuters launched its management associates program (MAP) for the first time in India by recruiting exclusively from IIM-A this year.

Read the full ET report here

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Updated Date: Dec 20, 2014 16:46:59 IST