Just after the completion of the placement process for this year at the IIM Ahmedabad, it has been revealed that the Investment Banking sector has done the most recruitment for the year. It has also been found that salaries for both national and international levels have gone up substantially.
This year, IIM Ahmedabad had started a new process called the Cohort based placement process, under which mechanism the companies were placed in groups and placement process carried out on weekends.
110 firms participated in the placement process this year for 289 students .
The Investment Banks who participated at this year’s placement process include Deutsche Bank, Morgan & Stanley, UBS, Goldman Sachs and Citigroup.
According to sources, Deutsche Bank had offered the highest salary of 1.4 crore this year.
The top banks that offered the most include Yes Bank and ICICI banks, which made 13 offers each.
More than 40 firms also participated in the lateral placement process and extended more than 100 offers. It is a four-fold rise over last year.
Among the different sectors, Marketing and consulting firms recorded an increase in offers this year. However, the finance sector saw a decrease in offers with only 27 offers this year. Last year, it had got 34 job offers.
This year, the average domestic salary offered was 14.94 lakhs as compared to 12.17 in 2009. Similarly, the salaries for the international placements were 110,750 USD in average as compared to 83,000 USD last year.
POSTED BY:-
SMRITI SRIVASTAVA
PGDM-2nd SEM
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