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Big Firms Knock At IIM- A Doors Again
By ugeshji, Section Jobs And Careers
The upbeat mood in the job market seems to have reached the B- school campuses, too. Summer placements that kicked off at the prestigious IIMAhmedabad on Monday witnessed healthy numbers in terms of participating companies and offers made.
Around 120 summer placement offers were made on the first day and about 90 accepted. Bain, McKinsey, AT Kearney, Morgan Stanley and Royal Bank of Scotland were among the companies that made offers on Day Zero of the summer placements. “ Bain has made five offers and McKinsey and AT Kearney have made around three offers each,” said a source who did not wish to be named. Banks including Morgan Stanley and the Royal Bank of Scotland have made five to six offers each, he added. After the fall of big banks last year in the wake of the global financial crisis, this year Bschools are witnessing a return of investment banks to the campuses. “ The revival is quite apparent as banks have indicated that they will be making five to six offers at each of the campuses this year,” said a student at IIM Calcutta. Source: Mail Today Big firms knock at IIM- A doors again Click On "Full Story" For More...
The number of companies making summer placement offers at the IIM campuses has increased this year compared to the previous year. “ On an average, the number of companies coming to the campus for placements has increased by around 30 per cent,” said a student who wished to remain unnamed. IIM Bangalore is expected to have around 40 per cent more number of companies participating this year.
“ Around 70 companies have expressed their interest to participate in the placements,” added the source. These include Deutsche Bank, Edelweiss, HUL, P& G and JP Morgan. Nomura Holdings, the financial services firm that took over Lehman Brothers last year, has also expressed interest in participating in the process. IIM Lucknow started with its summer placements three days back. “ Around 50 per cent students have already received offers and all have been accepted,” said a student who wished to remain anonymous. Summer placements at the other IIM campuses are scheduled to start in the next few days. While it will begin at IIM Calcutta on November 5, the process is set to kick off in Bangalore on November 9. “ The gap of two to three days in between the placements among the top IIMs is to facilitate investment banks coming from abroad,” said an official from one of the participating companies. He said that at all the IIMs Day Zero should see more than a hundred offers being made.
This year, the number of students in the IIMs has increased as a result of the intake through the reserved quota. Rohan Mahajan, external relations secretary at IIM Calcutta, said the current batch had around 408 students.
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