Placement Overview 2007

Indian Institute of Management,

Ahmedabad

Post-Graduate Programme in Management

Year after year, the placements at IIMA have kept getting better. Indian Institute of Management, Ahmedabad where the least you can be is The best, has been internationally
acclaimed as the toughest B-school in the world to get into. A place where values are sacrosanct and mediocrity is profanity, a constant search for excellence drives the students to scale
insuperable heights an attribute they carry with them for the rest of their lives. Ranked
amongst the top three in Asia Pacific and known for its academic rigour, IIMA has lived up
to its reputation of offering the best breed of managers and leaders to the corporate world for
over four decades now. This year too, the Summer Placements and the Finals saw immense
belief and trust shown by recruiters from varied fields in brand IIMA.

Growing Stature of IIMA

The designations being offered by some of the leading global brands in the field of private
equity, banking and consulting are now at par with those offered to top graduates of Ivy
League business schools. This is testament to the value that these firms see in the students of
IIMA, which has manifested itself time and again in the achievements of our esteemed alumni.

The Week of Reckoning . . .

Final placements at IIMA were conducted between March 08 and 13, 2007. Although anticipation of weakening sentiments in the markets had led to a fall in international recruitment
across campuses, for IIMA it was a very different story. Almost 40 per cent of the batch had
been placed or had opted out by the end of the coveted Day Zero of placements. By Day 1, 90
per cent of the batch had accepted the offers made to them. (Figure 1)
STUDENT PROFILE AT A GLANCE: BATCH 2005-07
Educational Background

Work Experience

0 months (43%)
1 to 6 months (15%)
7 to 12 months (5%)
13 to 18 months (17%)

Engineering/Technology (73%)
Commerce (14%)
IT (6%)
Science (4%)

19 to 24 months (4%)
25 to 36 months (9%)
More than 36 months (7%)

Business Administration (1%)

Medicine (1%)
Others (1%)

Proof 5 April 17, 2007 2

Spoilt for Choice!!

FIGURE 1: OFFERS AND ACCEPTANCE (2007)

29
Slot 0

McKinsey
PWC
BCG & Bain

12
8
6

5.1
3.5
2.6

Banking & Finance

Services

Merrill Lynch
Lehman
ICICI Bank

14
14
9

6.2
6.2
4.0

General Management

Alghanim
TAS
Black Stone

5
3
2

2.2
1.3
0.9

IT

CTS

1.3

Marketing

Cypress
Bharti Airtel
P&G

7
4
3

3.1
1.7
1.3

373

413

120
64

64

86

160

171
70

FIGURE 3: LOCATION WISE DISTRIBUTION

UK

USA

Asia Pacific*

15

Consulting

2007
Domestic Acceptance
Overseas Acceptance

0
5

% to
total

2006

Domestic Offers
Overseas Offers

19
24
16

Numbers
Recruited

2005

18
15
20

Recruiter

Slot 2

Acceptance

FIGURE 2: FOREIGN AND DOMESTIC OFFERS

AND ACCEPTANCE

82

Sector

Slot 1
Offers

12

179
171
160

TABLE 1: TOP RECRUITERS (BY NUMBERS RECRUITED)

122

90

18
25
23

The number of overseas offers increased substantially

to 120 as compared to 86 made last year. Location-wise
distribution has been illustrated in Figure 3.

120

397

Over and Across the Seas

344

179

Ninety-one firms, 493 offers and 235 students phew!!

Indeed a dilemma of sorts for those with multiple offers. Out of 493 offers, 373 were domestic and 120 were
overseas (Figure 2). The highest number of offers was
given by Lehman Brothers (17 offers - 14 acceptances)
followed closely by Merrill Lynch (15 offers - 14 acceptances) and McKinsey (13 offers - 12 acceptances). Indian
consults like PWC, marketing majors like Cypress and
IT firms like Cognizant werent far behind. Table 1 gives
sector-wise details of Top Recruiters by number. The list
of recruiters at Placements 2007 can be found in Box 1.

India

2005

2006

Others

2007

* Singapore, Japan, Hong Kong

BOX 1: LIST OF RECRUITERS

ABN Amro
ABN Amro India
Accenture
Aditya Birla
Air India
Alghanim
M.H. Al Shaya Co.
Arcelor Mittal
Arthur D Little
AT Kearney
Bain
Bank of America
Barclays
BCG
Bharti
Blackstone

Booz Allen Hamilton

Bristlecone Advisors
British Gas
Citibank
Citigroup
Cognizant
Cypress Semiconductor
Dabur
Dell
Deloitte
Deutsche Bank
Development Bank of
Singapore
Dr. Reddys
eBay
Edelweiss Capital

Ernst and Young

Essar
Feedback
Fischer Jordan
GE Commercial Finance
Glenmark
Global e-Procure
HCL
Hewitt
Hinduja
HLL
Honey Well
HSBC India
HT Media
IBM
ICICI Bank

ICICI Prudential
ICICI Securities
ICRA
IDFC
iMaritime
Inductis
Infosys
ING
ING Investment
Management
ITC
JM Morgan Stanley
Kotak
KPMG
Lehman Brothers
Marico

Proof 5 April 17, 2007 3

McKinsey
Merrill Lynch
Miebach Logistics
Motorola
Nokia
OCWEN
Olam International
Opera Solutions
P&G
PriceWaterhouseCoopers
Reliance
RPG
Sandstone
SEBI
Societe Generale
Standard Chartered

Sunbelt
Syntel
TAS
Tech Mahindra
Trikona Capital
TSMG
UBS
UBS India
UTI Bank
Value Partners
Wipro
Yahoo
Yes Bank

FIGURE 4: COMPENSATION DETAILS

Indian (Rupees in lakh)

100

34.19
7.9

14.5

2005

13.7

9.6
2006
Average

2007
Highest

300

185
152

2005

100

92.5

2006
Average

This year saw significant diversity in the placements, both in

terms of the recruiter base and the kind of roles offered. New
recruiters included private equity firms, hedge funds, international marketing giants and consulting majors among others (Box 2). Some very niche roles like strategic marketing in
IT requiring knowledge about different sectors found favour
with a lot of students. A sector-wise distribution of job offers
can be seen in Table 2.

The Compensation Bull Run

Foreign (US $ thousand)

80

Diversity Redefined

2007
Highest

The salaries offered to IIMA graduates have steadily increased

over the past few years, and this year was no exception. The
highest international acceptances ranged from US$ 225,000
to US$ 300,000 and the highest domestic acceptances ranged
from Rs. 60 lakh to Rs. 1 crore, depending on minimum and
average bonuses. The average entry level domestic salary
increased by around 40 per cent to INR 13.6 lakh per annum
from INR 9.72 lakh last year, while the international average
stands at US$ 115,300, a rise of around 25 per cent (Figure 4).

BOX 2: NEW RECRUITERS

Defying the Norms

Arthur D Little

Global management consulting

Blackstone Advisors

Real estate erivate equity investing

Bristlecone

Supply chain management consulting

Cypress Semiconductor

Semiconductor design and manufacturing

company

Fischer Jordan

Management consultancy firm

iMaritime

Marine and naval consultancy firm

M.H. Al Shaya Co

Leading name in international franchise

retailing, trading from more than 750
stores across the Middle East, Turkey,
Cyprus and Russia

Miebach Logistics

Logistics management consultancy

Olam International

Global supply chain manager of

agricultural products and food ingredients

Opera Solutions

Management Consultancy focusing on

pricing and investment optimization,
sourcing and outsourcing, global offshoring, and process
re-engineering.

SEBI

Government body regulating securities

industry/stock market

Societe Generale

European financial services company

(retail/ investment banking)

Sunbelt

Business brokerage firm

Syntel

Offshore IT service provider and business

process outsourcing (BPO) company,
application migration and software testing
services, global IT outsourcing consultants

Trikona Capital

Fund management/private equity in real

estate

Value Partners

Leading European strategy consulting

Keeping the spirit of adventure alive, 11 out of the 234 students this year shunned their lucrative jobs (some offering
six figure dollar salaries) in favour of entrepreneurship. This
number accounts for almost 5 per cent of the batch which is
at par with other renowned international B-schools.

The Indian Phenomenon

In what has been another interesting trend, 11 students gave
up foreign offers in order to take up offers from firms in India and to be a part of the Indian growth story.

Proof 5 April 17, 2007 4

Lateral Expansions
Sheer diversity of job offerings for the middle management
positions characterized the lateral placement process this
year. Variety ranged from roles in private equity, business
development, sales, consulting and finance to those in general management, IT, marketing, operations, retail and strategy. As many as 153 offers (last year 127 offers), including 14
foreign were made by 38 firms to the eligible candidates. This
indicates a commendable rise of almost 21 per cent over offers made last year. The average laterals salary accepted was
Rs. 16.13 lakh per annum, a rise of around 52 per cent over
last year.
TABLE 2: SECTOR/ FUNCTION-WISE PLACEMENTS
Sector/ Function

Overseas

Indian

% of Total

2005
Sales/Marketing
Investment Banking/
Commercial Banking/ Finance
Systems/IT/ITES
Operations
Consulting
General Management (Pharma,
Auto, Travel, Trading, etc.)
Total

3
44

32
55

14.0
40.0

0
0
9
14

38
3
41
10

15.0
1.0
20.0
10.0

70

179

100.0

0
57

30
32

12.8
37.9

0
2
4
1

40
3
51
15

17.0
2.1
23.4
6.8

64

171

100.0

23

10.3

55
0
5
4
0

60
7
6
58
6

51.4
3.2
4.9
27.6
2.6

64

160

100.0

2006
Sales/Marketing
Investment Banking/
Commercial Banking/ Finance
Systems/IT/ITES
Operations
Consulting
General Management (Pharma,
Auto, Travel, Trading, etc.)
Total

2007
Sales/Marketing
Investment Banking/
Commercial Banking/Finance
Systems/IT/ITES
Operations
Consulting
General Management (Retail,
Real estate, Private Equity, etc.)
Total

Proof 5 April 17, 2007 5

Summer Placement

Summer Placements: Developing Perspectives

As part of the curriculum, it is mandatory for students to undertake a summer internship
after their first year to gain experience of the corporate life.
Summer placements at IIMA this year saw 92 companies come down to campus to recruit
246 students for their internship programmes. The list of companies included some of the
best names in their respective sectors. All major companies that came down for final placements had come for summer recruitments as well. Figure 5 provides the statistics of the
sector-wise distribution of summer placement made this year.
FIGURE 5: SECTOR-WISE DISTRIBUTION OF SUMMER PLACEMENT
Sector
Banking & Financial Services

No. of
placements

Percentage

140

57.0

Consulting

40

16.2

Marketing & Sales

37

15.0

IT/ ITES

18

7.3

General Management & Operation

11

4.5

246

100

Total

Proof 5 April 17, 2007 6

Post-Graduate Programme in
Agribusiness Management

STUDENT PROFILE AT A GLANCE

Educational Background

Agricultural Science (42%)

Profiles get more interesting at

PGP-ABM placements

Agri Engg/Dairy Sc (24%)

Veterinary Science (10%)

The Post-Graduate Programme in Agribusiness Management

(PGP-ABM) at IIM Ahmedabad batch of 20 students received
35 offers this year. Recruitments 2007 saw average salaries
increasing by 25 per cent for freshers and 24 per cent for lateral candidates. It also gives credence to the tremendous
value addition to the ABM students who undergo common
academic module with the PGP programme for the first year
of study.
Greater job diversity was the distinguishing feature of placements this year. New sectors are opening their doors for ABM
graduates. The PGP-ABM students bagged consulting and
advisory roles in RABO bank, one of the largest banks worldwide, engaged in agri-financing and consulting. Yet another
new profile in offer was that of knowledge banking in YES
bank. While continuing the long association with the big
names in sectors of food, supply chain, procurement, agricultural finance, retail and commodity trading, the placements this year also saw interest of FMCG giants like Pepsi
and Marico who participated in the process for the first time.
The rapid growth of average compensation stands testimony
to the overwhelming demand of the PGP-ABM programme
in the industry. The icing on the cake was low variability in
the compensation. All students got placed within the bracket
of INR 8 lakh to INR 11 lakh.

Engg/Technology (14%)
Others (10%)

Work Experience

0 to 6 months (61%)
6 to 12 months (14%)
12 to 24 months (10%)
24 to 36 months (5%)
More than 36 months (10%)

SECTOR WISE PLACEMENT DETAILS:

FINAL PLACEMENTS 2007
15

6
4

2
0

Retail

Commodities

Finance

Offers

FMCG

Consult

Acceptance

TRENDS IN AVERAGE DOMESTIC SALARIES

(2004-07)
9.45
7

7.5

5.2

LIST OF RECRUITERS (CURRENT YEAR)

Marico
Godrej Agrovet
RPG
Rabo Bank
Yes Bank
ICICI Bank
ICICI Prudential
S.M. Consultants
Monsanto

NCDEX
Olam International
Alghanims
M.H. Alshaya Co
Murugappa Group
Pantaloons Retail India
DSCL
Pepsico

2004

2005

2006

2007

Average Lateral Offer: 9.8 lakh/annum

Average Overall: 9.4 lakh/annum
Highest Domestic Overall: 10.0 lakh/annum

Proof 5 April 17, 2007 7

Placement Planner: 2007-08

Activities

Dates
Summer

Final

PGP
Invitation to Companies

July 31, 2007

July 31, 2007

Pre-placement Presentation by Companies September October, 2007

December 2007 February 2008

Submission of Resumes

September October, 2007

Mid-February, 2008

Short-listing of Candidates

October, 2007

End-February, 2008

Pre-processes by the Companies

October November, 2007

March, 2008

Interviews

November 13-18, 2007

2nd week of March 2008

PGP-ABM
Invitation to Companies

August 10, 2007

October 30, 2007

Pre-placement Presentation by Companies September, 2007

December 2007 January 2008

Submission of Resumes

September October, 2007

February, 2008

Short-listing of Candidates

October, 2007

February, 2008

Pre-processes by the Companies

October, 2007

March, 2008

Interviews

3rd Week of October, 2007

1st week of March 2008

In-charge, Placement Office

Indian Institute of Management
Vastrapur, Ahmedabad 380 015 (India)
Tel: +91-79-2632 4666/67
Fax: +91-79-2630 6896, 2632 4665
Email: placement@iimahd.ernet.in