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IIM Ahmedabad Final Recruitments – 2005


Final Placements

IIMA conducted its final placements (full time recruitment) between March 14 and 21, 2005. A total of 479 job offers were made to 249 students who participated in the placement processes of the class of 2005 (Profile given in Table 1) and were placed in three slots of recruitments (Table 2) across 83 companies. The placement record is noteworthy, especially since the batch size had grown by about 50 per cent in the past year. There was an increase of 54 per cent in the number of companies whose offers were accepted compared to the placement process of the 2002-04 batch.

Table 1: Batch profile

Academic Background
Function
% of students

Engineering
76

Commerce
15

Science
4

Arts
3

Medicine
1

Others
1

Work Experience
Duration
% of students

None
44

0 – 1 year
20

1 – 2 years
24

2 – 4 years
9

> 4 years
3


Table 2: Offers and Acceptance


 Offers
 Acceptance
Slot Zero
 86
 58
Slot One
 210
 114
Slot Two
 68
 39
Laterals
 115
 38
Total
 479
 249

IIMA: An internationally recognised brand
IIMA’s ability to consistently produce graduates capable of matching and surpassing the best, globally was reaffirmed. Not only did existing recruiters maintain their relationship with IIMA through recruiting large numbers but many new recruiters also came down to recruit based on the growing global reputation of IIMA graduates. The number of companies offering overseas jobs increased from 13 in 2004 to 21 in 2005. About a third of the batch was placed overseas. Major investment banks such as Deutsche Bank, Goldman Sachs, HSBC, Lehman Brothers, Merrill Lynch and Morgan Stanley continued their association with the institute. So did the global consulting majors, AT Kearney, BCG and McKinsey. 22 new companies came to the campus this year. (Table 4 provides the details of new recruiters). All the listed companies are leading firms in their areas of operation, nationally and/or internationally (Table 5 provides the location wise distribution).

There were 82 overseas offers (3 per cent increase over last year with respect to the batch size). Of these, 70 were accepted (5 per cent increase over last year with respect to the batch size). The acceptance rate was 85.3 per cent. In terms of the percentage increase vis-à-vis the offers and acceptances last year, the numbers are 70 per cent and 84 per cent. Domestic placements accounted for the remaining 179 students.

Table 3 provides the data of 2003 to 2005.

Table 3: Foreign and Domestic Offers and Acceptances
2003

Offers
Acceptances
Percentage*

Overseas
39
36
92.3

Domestic
192
148
71.1

Total
231
184
79.0



 2004
Offers
Acceptances
Percentage*

Overseas
48
38
79.1

Domestic
225
126
56.0

Total
273
164
60.0



 2005
Offers
Acceptances
Percentage*

Overseas
82
70
85.3

Domestic
397
179
47.2

Total
479
249
51.8


* Percentage Acceptance to offers

Table 4: New Recruiters

1.
 Adventity: Knowledge services providers
2.
 Alghanim: Kuwait based business conglomerate
3.
 Aranca: Indian financial research firm
4.
 Archeus Capital: New York based hedge fund
5.
 Bain & Co.: Global consulting firm
6.
 Barclays Capital: I-banking arm of Barclays
7.
 Bharat Petroleum Corporation Limited: Public Sector Enterprise
8.
 Booz Allen Hamilton: Strategic management and technology consulting firm
9.
 Bristlecone: Business process consulting firm
10.
 Covansys: Global technology services company
11.
 Deloitte: IT consulting firm
12.
 Development Bank of Singapore: Biggest bank in Singapore
13.
 DSP Merrill Lynch: India based investment bank
14.
 Edelweiss Capital: Investment banking and securities brokerage
15.
 Ernst & Young: Global consulting and financial services
16.
 EXL Services: BPO service providers
17.
 Feedback Ventures: Domestic Infrastructure consulting firm
18.
 Fractal Analytics: Data analytics and research firm
19.
 General Motors: Global automobile major
20.
 Glenmark: Pharmaceutical company
21.
 Hewlett Packard: Global hardware, software and consulting firm
22.
 ICICI Ventures: Indian private equity firm
23.
 Inductis: Consulting and data analytics firm
24.
 International Finance Corporation: Financing wing of the World Bank
25.
 Marakon Associates: International consulting firm
26.
 Microsoft: Home and enterprise software technology company
27.
 Philips: Consumer electronics company
28.
 Singapore Airlines: International flight carrier
29.
 Trilogy: Provider of industry specific e-business software
30.
 UBS: Global investment bank

Table 5: Location wise distribution

India
179

Overseas
70

UK
18

USA
18

Asia/Pacific
19

Africa
0

Kuwait/UAE
14

Others
1


Greater job diversity

There was greater choice available to the graduating batch both in terms of jobs being offered in new sectors and also greater diversity within a sector. The new sectors which recruited this year included private equity, hedge funds, infrastructure consulting, corporate treasury, civil aviation and analytics. Table 6 gives the break-up of the sectors and/or functional areas of the jobs from 2003 to 2005.

In addition, a special attempt was made to broaden the base of recruiters. Overall, jobs were offered in various sectors, reflecting the all-round strength of the Institute’s curriculum. Among the top recruiters were Lehman Brothers, Alghanim, IBM, Cognizant Technology Solutions, Procter & Gamble, and Pricewaterhouse-Coopers, representing the high demand across sectors.

Table 6: Job offers by sector

Sector/Function
 Overseas
 Indian
 % of Total
2003


Sales/Marketing
 3
 37
22

Investement Banking
 25
 0
 14
Commercial Banking/Finance
 3
 47
27

Systems/IT/ITES
 0
 34
18

Operations
 3
 8
6

Consulting
 0
 12
6

General Management (Pharma, Auto,Travel, Trading etc.)
 2
 10
6

Total
 36
 148
 100

2004


Sales/Marketing
 4
 19
14

Investement Banking
 20
 0
 12
Commercial Banking/Finance
 9
 35
27

Systems/IT/ITES
 0
 29
18

Operations
 0
 0
00

Consulting
 0
 27
16

General Management (Pharma, Auto,Travel, Trading etc.)
 5
 16
13

Total
 38
 126
 100

2005


Sales/Marketing
 3
 32
14

Investement Banking
 44
 55
 40
Commercial Banking/Finance
 0
 0
0

Systems/IT/ITES
 0
 38
15

Operations
 0
 3
1

Consulting
 9
 41
20

General Management (Pharma, Auto,Travel, Trading etc.)
 14
 10
10

Total
 70
 179
 100

Increased student focus and selectivity

Several students left higher paying foreign offers in favour of domestic offers. Some students opted out of placements and intend to start their own enterprise. This reaffirms that IIMA students choose their offers based on their interests and job profiles rather than just monetary considerations.

One of the best lateral placements in India

Lateral recruitments this year have seen an unprecedented rise. Companies recognised and gave credit for previous work experience of students by making them commensurate lateral offers. Middle management level offers were made by IT, financial services, consulting and investment banking companies. The two highest international salaries on campus were both lateral offers and so was the highest domestic salary. McKinsey & Co., for the first time, offered an associate position in Singapore to a laterals candidate.

Rise in Salaries

Both domestic and international salaries increased substantially. The average domestic salary increased by 12 per cent to Rs.7.9 lakhs from Rs.7.1 lakhs in 2004. The maximum domestic salary was Rs.14.5 lakhs, offered by GECIS.

The average international salary this year was US$ 80,000. The maximum offered in investment banking was US$ 152,000 by HSBC, London. A comparative picture for three years can be had from Figure 1.

Figure 1: Compensation Details

Indian (Rupees in lakhs)
 Foreign (US $ thousands)
MBA - parth jain
 MBA - parth jain

Looking to scale greater heights

Recruitments 2005 have once again underscored IIM Ahmedabad’s ranking amongst the top B-schools of the world. The successful placement of the larger batch size of 249 students confirms the robustness of IIMA’s academic processes and the world-class quality of IIMA graduates. A remarkable feature this year has been the increased diversity of jobs on offer. Also, an extremely successful lateral recruitments process has ensured that students get credit for relevant work experience. IIMA expects this trend to continue, bolstered by increasing salaries, better job profiles and more challenging opportunities across the globe.




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