Home Home
Home | Overview | B-Schools | Jobs | Alerts | Advertise | Contact Us | About Us | Forum | Link to us
Thursday, March 28, 2024 Choose Language: English | German | Portugese
MBA Resources
MBA Articles
MBA Books
MBA Case Studies
MBA B Schools
MBA Current Affairs
MBA Downloads
MBA Events
MBA Notifications
MBA FAQs
MBA Jobs
MBA Job Consultants
MBA News
MBA Results
MBA Courses
MBA Sample Papers
MBA Interview
Questions
MBA Training
Institutes
CAT - 2009
Online CAT 09
About Online CAT
How to Prepare for
CAT
CAT 2024 Faqs
GD Tips
Pursuing MBA
MBA aspirants
What is an MBA
Why an MBA
Returning to B-school
Value of MBA
Good MBA Candidate
MBA Overview
Overview
Scope of MBA
MBA Programs
Career in Vogue
B-School Ratings
Top Universities
Top 30 Ranking
Admission Process
B-School Profiles
Management Colleges
in Bangalore
Distance & Online
MBA Preparation
Aptitude Tests
Tips for CAT
GD Made Easy
MBA Entrance Exams
CAT's Eye
About CAT
CAT Class Room
CAT Course Materials
CAT Bulletin 2024
CAT Eligibility
IIM Cat Centers
CAT Institutes
How to Apply
Important Dates
CAT Instructions
CAT FAQs
Sample Papers
CAT GD/PI
CAT Resources
CAT Results
MBA Careers
Business News
Case Studies
Interview Tips
Build Resume
Seminar Topics
Business Schools
B-Schools Profiles
B-Schools Rankings
B-Schools Selection
B-Schools Hot News
B-Schools Events
B-Schools Diary
B-Schools Seminars
Placements 2008
Placements 2007
Placements 2006
Top Business Schools
Top Business Schools
(Part Time) in Asia
Top Business Schools
in India
Top Business Schools
Worldwide
Education Loans
Career Resource
Admission Process
Admission Alerts
MBA Admissions
Application Dates
Full Time
Fellow Programmes
Executive MBA
Distance Courses
GMAT Preparation
What's GMAT
Eligibility Fees
Importance
GMAT CAT
GMAT & MBA
GMAT FAQs
MAT Preparation
What's MAT
Exam Notification
Online MAT 09
MAT Institutes
MAT Test Centres
AIMA Study Centres
Bank of Baroda
Branches
JMET Preparation
JMET 2009 Important
Dates
JMET 2009 Eligibility
JMET Application
Process
JMET 2009
Participating Institutes
JMET Test Pattern
JMET Paper Structure
MBA Jobs
Senior Management
Positions
Marketing/ Sales/
Advertising
General Management
Analysis Zone
Analysis of MBA
Entrance Exams
Exam Notification
Mock Exams
Mock Exam [2024]
Verbal Preparation
Math (Quantitative)
Analytical
General Awareness
Free Downloads
CAT Papers
XAT
FMS
MAT
IIFT
CET
SNAP
JMET
GMAT Verbal
GMAT Math
Miscellaneous
Distance Courses
Success Stories
Advertise With Us
MBA FAQs
MBA Forum




IIM Ahmedabad


Expert Suggestions on Preparation for Computer Based CAT-09


Placements at IIM Ahmedabad Continue to Show Growing Preference for Indian Firms & Locations

Dispelling all anxieties and rumors about reduced hiring due to the subprime crises and the world-wide economic slow-down, the Indian Institute of Management, Ahmedabad, successfully conducted its final placement process from 6th March to 11th March 2008.

The process, which saw participation by over 90 firms, re-affirmed the status of the institute as the premier destination for recruiters in India. A significant portion of the batch (more than 65% or 161 students) had been placed or had opted out by the end of the much-coveted Slot Zero of placements, which saw the participation of as many as 25 firms. Even though the geographical distribution of offers extended by the firms remains the same, students have shown a distinctive trend to work in the emerging market economies in the Asia-Pacific region.

Global Investment Banks Maintain Faith in IIM Ahmedabad

Despite the grim situation in international financial markets, a total of 113 students out of a Batch of 255 will be joining the financial sector this year. At a time when many banks have imposed �hiring freezes� on their international recruitments, students at IIM-A have been preferred over students from other business schools across the world. The major banks to recruit students of the batch of 2008 include Goldman Sachs, Lehman Brothers, Morgan Stanley, JP Morgan, Merill Lynch, Deutsche Bank, Barclays, among others.

In addition to this, 12 students have opted for jobs in private equity which is significantly more than in previous years. Among the private equity players, Greater Pacific Capital and Carlyle Group chose to recruit solely from IIM-A. Credit Suisse also recruited exclusively for final placements 2008.

Consulting Firms Dominate Slot Zero

In a break from the past, the much-coveted Slot Zero saw consulting firms emerge as the most preferred destination for students. For the first time, many of the coveted Slot 0 consulting firms offered international positions across USA and Europe. Consulting majors Monitor Group and Oliver Wyman made their first appearance at the process and had respectively 9 and 5 acceptances. Monitor Group recruited exclusively from IIM-A across all business schools in Asia. "We are extremely happy with the quality of students and hope to build this relation going forward," said a recruiter from Oliver Wyman.

Other long-time recruiters such as McKinsey (13 acceptances), BCG (8 acceptances) and Bain (7 acceptances) were among the major consulting firms participating in the process. A total of 41 offers were made by Slot 0 consulting firms at the final placements itself.

Growing Preference for Indian Firms & Locations

The increasing preference for Indian firms and locations is another major trend that comes out of the placement process. Many students opted for India as a location and

preferred roles in India over associate offers in prominent investment banks abroad. Furthermore, the increasingly attractive roles and packages offered by Indian firms have led to a larger number of students opting for Indian companies over MNCs offering comparable salaries and roles.  

Diane Gabriel, a French student doing a dual degree program from ESSEC Business School and IIM Ahmedabad, would be joining BCG in India. As she puts it, "My main motivation behind choosing this program was that I could get a chance to work in India. This is where the growth is and I wanted to be part of that growth."

Growing Diversity

What has made these placements truly remarkable is the diversity of the firms on all days of the event - even the Slot 0 offers span across sectors. Although the top investment banks and consulting firms continue to have the highest number of acceptances, the student community got a much more diverse pool of firms and roles to choose from. Sectors such as real estate, media, hedge funds, industrial marketing, among others made a debut on campus this year.

Faster, Higher, Stronger

Given the adverse market conditions, the salaries offered to IIM-A students this year have exceeded all expectations. The average domestic salary amongst the accepted offers this year is Rs. 17.85 Lakhs, a stunning 30% jump from last years� average figure of Rs. 13.7 Lakhs. The average international salary is US $ 1,19,000, which again is a significant jump from previous years.

The highest international acceptances ranged from $ 280,000 to $ 360,000 depending on minimum and average bonuses. The highest domestic acceptance was in the range of Rs. 50 Lakhs to Rs. 70 Lakhs.

Lateral Placements 2008

The lateral placement process conducted in the months of January and February 2008 was unprecedented both in terms of scale and diversity. The significant amount of prior work experience of the batch of 2006-08 led to an increase in the number of students eligible for lateral placements from 89 last year to 112 this year. With this increase, even the number of firms participating in the process shot up to 37. These firms made a total of 103 offers in the process.

The average salary for the laterals process as a whole saw an increase from Rs. 16.2 Lakhs last year to Rs. 18.3 Lakhs this year. Many big names in fields such as consulting, private equity, general management and banking participated in the process, and some of them recruited exclusively from IIM-A.

 

Sectors such as private equity, niche consulting, technology and logistics made a debut at this process. The growing number of firms on campus offering diverse roles, greater job responsibilities and higher compensation packages, at a time when the global job

market is in a downturn, stands testament to the quality and diversity of the talent at IIM-A.  

The Entrepreneurship Saga Continues

With as many as 11 talented young people opting out of the placement system to start their own ventures, the trend of taking this less traveled road has grown stronger. These students have plans to start their ventures in areas as diverse as logistics, manufacturing, advertising, finance and agro-processing in addition to information technology. There are many factors driving these young entrepreneurs: a larger appetite for risk, the thrill of controlling their own destiny, and the promise of great success. IIM Ahmedabad is also playing a part in promoting this trend; the institute recently came up with the policy of a �placement holiday�, which allows graduating students who choose entrepreneurship as a career option to sit for the institutes� placement process for two years after passing out from the institute. However, so far not a single person has availed of this policy, which is testament to the quality of ventures started by students passing out. Dushyant Mullur, who plans a venture in the Services Domain, says, "The culture is wonderfully supportive in terms of encouraging entrepreneurship. Be it professors, peers, or the institute, support is one thing certainly not lacking." Siddharth Jaiswal adds, "I feel the biggest learning for me at IIM-A has been to think BIG."

Discussion Center

Discuss

Query

Feedback/ Suggestion

Yahoo Groups

Sirfdosti Groups

Contact Us

A D V E R T I S E M E N T

 

 


Members Login Here!
EmailId:   
Password:


  Forgot Password?
  New User? Register!

Start Your Own Website

India's Best Web Hosting Company
Interview Q & A eBook

Get 9,000+ Interview Questions & Answers in an eBook. Interview Question & Answer Guide
  • 9,000+ Interview Questions
  • All Questions Answered
  • 5 FREE Bonuses
  • Free Upgrades

Useful Resources

Indian Institute of Management - Ahmedabad
IIM - AHMEDABAD

Indian Institute of Management -  Bangalore
IIM - BANGALORE

Indian Institute of Management - Calcutta
IIM - CALCUTTA

Indian Institute of Management - Indore
IIM - INDORE

Indian Institute of Management - Kozhikode
IIM - KOZHIKODE

Indian Institute of Management - Lucknow
IIM - LUCKNOW

Master of Business Administration MBA course Exam Institution Admission Details Related Pages


CAT | IIM | JET JMET | MBA | MBA Entrance | MBA Distance | MBA Entrance Exam | MBA Programs | Top MBA Universities in India | B-Schools Profiles | Management Colleges in Bangalore | Aptitude Tests | CAT Tips | CAT Bulletin 2008 | Common Admission Test | CAT Papers | XAT Papers | FMS Papers | MAT Papers | IIFT Papers | CET Papers | SNAP Papers | JMET Papers | GMAT Verbal Papers | GMAT Math Papers |

Copyright � 2024. onestopmba.com. All rights reserved Privacy Policy | About Us | Terms and Conditions
Our Portals : Academic Tutorials | Best eBooksworld | Beyond Stats | City Details | Interview Questions | Discussions World | Excellent Mobiles | Free Bangalore | Give Me The Code | Gog Logo | Indian Free Ads | Jobs Assist | New Interview Questions | One Stop FAQs | One Stop GATE | One Stop GATE | One Stop GRE | One Stop IAS | One Stop MBA | One Stop SAP | One Stop Testing | Webhosting in India | Dedicated Server in India | Free Website Templates | Sirf Dosti | Source Codes World | Tasty Food | Tech Archive | Testing Interview Questions | Tests World | The Galz | Lalu Yadav Jokes | Vyom | Vyom eBooks | Vyom International | Vyom Links | Vyoms | Vyom World | Shayari
home page