'Finance and consultancy preferred choice for IIM-A students'
- Sep 08, 2011, 13:17 PM IST
Ahmedabad: Finance and consultancy continued to be preferred career choice amongst the IIM-A students, reveals the first final placement report (for 2011) released by the institute, which as per the Indian Placement Reporting Standards.
"After consultancy and finance, manufacturing companies have now begun hiring aggressively," Director IIM-A Dr Samir Barua told reporters.
"Jobs are rising in India as most of the multinational companies are coming and setting up offices here," he said.
Consulting and Finance remained a preferred choice amongst the students of IIM-A's flagship Post Graduate Programme (PGP), with batch of 314 eligible for final placements in 2011.
In consulting and finance 91 and 93 offers were accepted respectively by the students, the report stated.
The final placements process had kicked off on February 12 at IIM-A, and over 120 firms participated in the lateral and final placement process.
The median per year salary offered to students which is classified as total guaranteed cash, a new feature introduced in IPRS this year, in banking, finance services and insurance (BFSI) and consulting was Rs 15.30 lakh and Rs 13.60 lakh respectively, the report stated.
IIM-A adopted IPRS from this year to bring about a transparency in reporting of placement data and standardise placement reports across campuses in the country so as to provide authentic comparable data to prospective B-school students.
Over 22 B-schools across the country including IIM-Shillong have formally accepted IPRS for placement reporting from this year.
The IIM-A's final placement report for 2011 as per IPRS has been audited by CRISIL, a subsidiary of Standard and Poor's, a global analytical company which had recently downgraded US sovereign rating.