Around 24 companies visited Indian Institute of Management, Ahmedabad (IIM-A), on “Day Zero” of summer placements.
The institute remains tight-lipped about summer placements till the procedure is over but sources close to the process say there has been no dearth of offers made to the first-year students of Post Graduate Programme (PGP). While the banking and financial services sector made its presence felt, recruiters from other sectors like FMCG (fast moving consumer goods), manufacturing, consulting, marketing, trading, services, retail, media, infrastructure and operations were more upbeat.
The students will be placed with the companies for a two-month internship programme starting April 2009.
These internships later get converted into job offers, called pre-placement offers. “Around 24 companies came to the campus today for summer placements. The actual number of students placed and the salaries offered can only be revealed on November 18, when the summer placements are over,” said a second-year PGP student.
Besides inviting smaller private equity players and wealth management firms, the institute this time ensured that more sectors were represented as it expected a few leading domestic and international companies to falter in offering placements. “IIM-Ahmedabad has a large and diverse pool of recruiters and therefore the status of a few firms is unlikely to impact the opportunities that IIM-A students can expect from our placement process,” IIM-A had earlier said about the impact of the global meltdown on placements.