 "Consulting sector top recruiter at IIM-A final placements")
Despite tough economic conditions, consulting sector has emerged as the top recruiter at the 2013 final placements of the Indian Institute of Management, Ahmedabad (IIM-A).
As per final placement data audited by rating agency Crisil, under the Indian Placement Reporting Standards (IPRS), IIM-A said the consulting sector recruited in large numbers in both finals and laterals placement processes.
In terms of compensation packages for PGP students, the highest and lowest domestic maximum earning potential (MEP) for a student stood at Rs 37 lakh and Rs 6.50 lakh while the median was around Rs 16.80 lakh.
MEP is the sum of fixed yearly component, total one-time cash benefits and maximum possible performance-linked compensation during first year of performance, along with all other components of salary that are a part of the offer.
This can include long term compensation such as PF and other perks as well. For the flagship post graduate programme in management (PGP), recruiters in the consulting space included global strategy consulting firms as well as niche consulting firms: Accenture, AT Kearney, Bain & Company, Booz and Company, Capgemini, Deloitte, Ernst & Young, Feedback Ventures, KPMG, McKinsey & Company, Monitor Group, Oliver Wyman, Opera Solutions, Penn Schoen Berland, PwC, The Boston Consulting Group (BCG), TSMG and Vector Consulting.
In terms of volumes, BCG was the top recruiter across clusters, having picked 15 students from the campus. Followed by Accenture which recruited 13 students while McKinsey & Company and Capgemini made 10 offers each. Bain & Company selected nine students from the total eligible students size of 373.
"More than 130 firms participated in the placement process in 2013, including the laterals process. Among global investment banks, Goldman Sachs was the largest recruiter having picked seven students for roles in financial markets as well as quantitative strategy," the institute stated in an official statement, adding that in the consumer goods and services sector, Airtel was the lead recruiter having made 11 offers to students for roles in marketing and finance, both in India and international locations. Amazon recruited 7 students for roles in business development and operations.
This is the third year since the institute has been releasing placement data after auditing the same from Crisil.
IIM-A adopted the IPRS in an effort to standardize B-School placement reports.
IIM-A adopted the IPRS on June 18, 2011 and this is the third year the institute is providing these standardized reports. As per the norms of the IPRS, these reports have been audited by Crisil, an independent third-party auditor.
A large number of students took up roles in sales and marketing sectors in various companies such as Airtel, Asian Paints, HUL, ITC, Kraft, L'Oreal, Mars, Nestle, P&G, Pepsi and Reckitt Benckiser. General management and leadership profiles were offered to students by Aditya Birla Group, Cipla, General Electric, Ingersoll Rand, Mahindra, Reliance, RPG Group, TAS, and Thomson Reuters, amongst others.
Students secured roles in the technology sector in firms such as Cognizant, Google, GyanSys Infotech, Hewlett Packard, HCL, Microsoft, Oracle and SAP.
In PGP, the number of students opting out of placements for starting their own ventures dropped marginally from six last year to five for the 2013 placements. The start-ups included a professional network for photographers, an online sampling and market research portal and e-commerce venture for project equipment.
For the PGP agri-business management (ABM) batch of 2013, the final placements saw several roles offered across sub-sectors including seeds, fertilisers, pesticides, retail, corporate banking, food and agribusiness research and advisory, fast moving consumer goods, logistics and warehousing management, agricultural machinery, rural banking, rural development, information technology and consulting. A total of 20 companies participated in the placement process, making offers to all 33 candidates. Two students opted out of the placement process to start an entrepreneurial venture.
A total of four pre-placement offers (PPOs) were extended by companies to the students after their summer internships, indicating their confidence in the students and the PGP-ABM programme. The largest domestic recruiters were Syngenta and Frontal Rain which offered roles in sales and marketing, and information technology (IT), while two candidates accepted international roles in the Gulf Co-operation Council.
While notable first time recruiters were 13 Consulting, Glaxo SmithKline and IFFCO Foods, regular recruiters such as Bayer Crop Science, Rabobank, Godrej Agrovet Ltd., Yes Bank, Axis Bank, and Synthite also participated in the placement process. A successful lateral placement process saw students with prior work experience getting placed in companies such as Enterprise Solution to Poverty, and Yes Bank.
Under the one Year post graduate programme in management for executives (PGPX), the recruiters included multi-nationals, Indian business houses, start-ups, small and medium enterprises (SMEs) as well as semi-government entities. The spectrum of recruiters covered sectors such as consulting, engineering, financial services, health care, infrastructure, IT, manufacturing, online, telecom and real estate.
As per final placement data audited by rating agency Crisil, under the Indian Placement Reporting Standards (IPRS), IIM-A said the consulting sector recruited in large numbers in both finals and laterals placement processes.
In terms of compensation packages for PGP students, the highest and lowest domestic maximum earning potential (MEP) for a student stood at Rs 37 lakh and Rs 6.50 lakh while the median was around Rs 16.80 lakh.
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The same under international salary heads in terms of USD stood at $ 150,000 and $26,140 for highest and lowest MEP, respectively, whereas the median was $46,243. However, according to the institute, the data for compensation packages was not available from all recruiters.
MEP is the sum of fixed yearly component, total one-time cash benefits and maximum possible performance-linked compensation during first year of performance, along with all other components of salary that are a part of the offer.
This can include long term compensation such as PF and other perks as well. For the flagship post graduate programme in management (PGP), recruiters in the consulting space included global strategy consulting firms as well as niche consulting firms: Accenture, AT Kearney, Bain & Company, Booz and Company, Capgemini, Deloitte, Ernst & Young, Feedback Ventures, KPMG, McKinsey & Company, Monitor Group, Oliver Wyman, Opera Solutions, Penn Schoen Berland, PwC, The Boston Consulting Group (BCG), TSMG and Vector Consulting.
In terms of volumes, BCG was the top recruiter across clusters, having picked 15 students from the campus. Followed by Accenture which recruited 13 students while McKinsey & Company and Capgemini made 10 offers each. Bain & Company selected nine students from the total eligible students size of 373.
"More than 130 firms participated in the placement process in 2013, including the laterals process. Among global investment banks, Goldman Sachs was the largest recruiter having picked seven students for roles in financial markets as well as quantitative strategy," the institute stated in an official statement, adding that in the consumer goods and services sector, Airtel was the lead recruiter having made 11 offers to students for roles in marketing and finance, both in India and international locations. Amazon recruited 7 students for roles in business development and operations.
This is the third year since the institute has been releasing placement data after auditing the same from Crisil.
IIM-A adopted the IPRS in an effort to standardize B-School placement reports.
IIM-A adopted the IPRS on June 18, 2011 and this is the third year the institute is providing these standardized reports. As per the norms of the IPRS, these reports have been audited by Crisil, an independent third-party auditor.
A large number of students took up roles in sales and marketing sectors in various companies such as Airtel, Asian Paints, HUL, ITC, Kraft, L'Oreal, Mars, Nestle, P&G, Pepsi and Reckitt Benckiser. General management and leadership profiles were offered to students by Aditya Birla Group, Cipla, General Electric, Ingersoll Rand, Mahindra, Reliance, RPG Group, TAS, and Thomson Reuters, amongst others.
Students secured roles in the technology sector in firms such as Cognizant, Google, GyanSys Infotech, Hewlett Packard, HCL, Microsoft, Oracle and SAP.
In PGP, the number of students opting out of placements for starting their own ventures dropped marginally from six last year to five for the 2013 placements. The start-ups included a professional network for photographers, an online sampling and market research portal and e-commerce venture for project equipment.
For the PGP agri-business management (ABM) batch of 2013, the final placements saw several roles offered across sub-sectors including seeds, fertilisers, pesticides, retail, corporate banking, food and agribusiness research and advisory, fast moving consumer goods, logistics and warehousing management, agricultural machinery, rural banking, rural development, information technology and consulting. A total of 20 companies participated in the placement process, making offers to all 33 candidates. Two students opted out of the placement process to start an entrepreneurial venture.
A total of four pre-placement offers (PPOs) were extended by companies to the students after their summer internships, indicating their confidence in the students and the PGP-ABM programme. The largest domestic recruiters were Syngenta and Frontal Rain which offered roles in sales and marketing, and information technology (IT), while two candidates accepted international roles in the Gulf Co-operation Council.
While notable first time recruiters were 13 Consulting, Glaxo SmithKline and IFFCO Foods, regular recruiters such as Bayer Crop Science, Rabobank, Godrej Agrovet Ltd., Yes Bank, Axis Bank, and Synthite also participated in the placement process. A successful lateral placement process saw students with prior work experience getting placed in companies such as Enterprise Solution to Poverty, and Yes Bank.
Under the one Year post graduate programme in management for executives (PGPX), the recruiters included multi-nationals, Indian business houses, start-ups, small and medium enterprises (SMEs) as well as semi-government entities. The spectrum of recruiters covered sectors such as consulting, engineering, financial services, health care, infrastructure, IT, manufacturing, online, telecom and real estate.