While domestic firms including PSUs dominated last year’s IIM placements, international recruiters have raided the scene this year. The number of offers is also on the rise with students cornering multiple offers.
The pay packets also reflect the upbeat mood, though have not yet reached the pre-recession levels. However, the influx of recruiters and job offers is prompting a huge sigh of relief from the IIM fraternity.
IIM-Ahmedabad is topping the list of IIMs with a cohort-based placement system, introduced this year. Reliable sources confirm that the new placement process is working efficiently and the response of international and domestic recruiters has been tremendous.
Deutsche Bank is leading the pack of recruiters with its offer of around Rs. 1.5 crore pay packets to IIM-A grads. Other international big shots queuing up at IIM-A are Deloitte, Boston Consulting Group, McKinsey & Co, HSBC, CitiBank, American Express, Standard Chartered, Nestle, HUL, P&G, TAS and Feedback Ventures.
After the lackluster year of 2009 which saw offers dry up, especially from international companies, this year Lady Luck is smiling on IIM grads. IIM Lucknow has already received 300 plus offers this year, majority of which is from finance and IT companies.
IIM Indore is deluged with offers, an overwhelming majority from IT firms. Lateral placements too are on the rise with multiple offers being the latest trend. Though international offers are in plenty here, students are opting more for Indian placements.
IIM Calcutta too is witnessing a flood of lateral placements and multiple offers. For the first time, there are international recruiters like Daeyang Shipping coming for lateral placements, which is usually the prerogative of domestic firms.
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IIM-Ahmedabad is topping the list of IIMs with a cohort-based placement system
Do you have statistics to back this claim up?? “Topping” in what respect? Number of offers? Number of firms? Average salary? Offers/Student? International offers?? I’m amazed at the lack of research you have done. Compare these numbers with IIM C or IIM B and you’ll be surprised as to how flimsy your “topping” description is. In fact, Day zero saw IIM C receive more offers (Domestic and International) than A and B combined. But hey, you only print what you think is right, right?
@Joe
Yes, looks like IIM Calcutta will end up with the best placements again this year just like the last year. And it is true that as of now, IIM-C’s placements seem to be heads and shoulders above IIMA or IIMB.
But, IIMC is too narrow in its placements. Their placements are mostly in a niche area. About the day zero statistics, IIMC did get more offers than IIMA and IIMB put together, but all those placements are mostly in finance…. Finance pays more so IIMC’s salaries come out to be greater than IIMA and IIMB too. But, all round things are different.