Students of the Indian Institute of Management, Ahmedabad, have touched a new horizon this time. From playing corporate managers of the financial sector, the IIMA students this time took to unchartered territory like mediating acquisitions, mergers and also selling social media games.
This marks a definite change of hats for the students of Indian Institute of Management Ahmedabad (IIM-A) this year.
This year, according to IIMA sources, the institute had approached more domestic players and companies in core sectors like FMCG, energy and consulting. "Earlier students would keep jobs with domestic postings as their last option. But since the last one year, the pay packages for domestic jobs are as lucrative as international offers. More than 180 students have been already placed but this year financial institutions have recruited less during placement and more by extending pre-placements offers," said a student.
Cluster 2 of IIMA placements consisted of five cohorts - FMCG marketing, business development, general management, financial services and technology consulting. The day had the presence of first time recruiters like San Francisco-based social gaming giant Zynga which extended offers to the students. Technology major IBM visited the campus and made more than 20 offers to the students during the day.
On the other hand only three international investment banks including Credit Suisse, JP Morgan and HSBC, participated in the cluster-2 of the final placement at IIM-A. Students of the B-school received only 10 offers from these recruiters. Until last year finance sector made the highest number of recruiters at the institute's campus. Last year there were 94 offers from the sector.
"After the downfall of Lehman Brothers the writing was on the wall. B-schools around the world had sensed that post 2009 international banks will not remain as aggressive during placements. This year, the institute had in fact approached more domestic players and companies in core sectors like FMCG, energy and consulting," said a senior IIM-A professor.
IIM-A faculties said that the strategy worked wonders for the institute as it was consulting companies and first-time recruiters who led the momentum during the cluster 2 placements.
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