Newly introduced placement system receives good response at IIM-A
Introduced from the current academic year, the new placement system for the final year post-graduate programme students of the Indian Institute of Management-Ahmedabad
(IIM-A) has received an enthusiastic response as it began on Sunday.
The placement process will be conducted over continuous weekends in "cohorts" with each cohort hosting firms offering similar roles, opportunities, offers, profiles,
salaries, locations etc. Several cohorts comprise a cluster.
The process will continues for about six to eight weeks as compared to older process which was of three to five days.
The first cluster had companies across four cohorts - international investment banks, global strategy consulting, global niche consulting and private equity/venture capital.
With the return of several investment banks like Bank of America-Merril Lynch, who had skipped the process last year, Campus recruitment has reported an improved response.
Boston Consulting Group and McKinsey & Co made eight offers, including pre-placement offers.
An IIM-A spokesman said, "While as per institute policy we do not release the aggregate number of offers, almost all recruiters are making more offers than last year,".
Saral Mukherjee, Placement committee chairman said that they were a little apprehensive as this was the first time that the new system has been introduced.
He further added," We are now sure we have moved in the right direction. The recruiters have expressed satisfaction with the new process and students too have interviewed with the firms of their choice." (With Input from Agencies)