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

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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.

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