Return of the investment banks such as Bank of America-Merrill Lynch to campus marked the start of the placements for the final year students of Post Graduate Programme in Management at the Indian Institute of Management Ahmedabad.
Regular recruiters Boston Consulting Group and McKinsey & Co gave out eight offers each, including pre-placement offers, according to a release. In contrast to the previous years when the placement used to happen over seven to 10 days, this year, the institute decided to have a cohort based system which will go on for two months.
Instead of back-to-back interview sessions, the companies will be segregated into sectors and meet students over weekends. Recruiters will spend more time with each student thereby arriving at a ‘right-fit' between students and companies, according to Prof Sara Mukherjee, Placement Coordinator. The first cluster had companies across four cohorts — international investment banks, global strategy consulting, global niche consulting and private equity/venture capital.
As the initial apprehensions to the new system eased, the implementers were satisfied that the new system was progressing well.
“As the day progressed, the relaxed atmosphere in and around the interview rooms was a pointer that 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,” said Prof Mukherjee.
There is also a tighter control over dissemination of information from the campus and strict instructions have been given to students about not communicating with the media in order to avoid speculations.
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