The Hindu Business Line : Fall in offers made in financial sector at IIM-A

The turmoil in the financial markets may have been responsible for the drop in the number of summer placements in that sector at the Indian Institute of Management Ahmedabad, hinted Professor Samir Barua, Director.

The percentage of offers made in the financial sector came down to 32 from 57 of last year, while in the marketing sector it increased to 23 from 13 of last year.

The Planning Commission visited the campus for the first time and picked four students, while Securities and Exchange Board of India and Forward Markets Commission picked two each.

The biggest recruiter was the Institute for Finance Management and Research Trust which made 16 offers for portfolios of private equity and debt management. Around 15 students chose to do their internships with entrepreneurial firms.

The placements this year appear to be an indicator of the shift in preferences of students and needs of the industry, said a student. Last year, Lehmann Brothers was the largest recruiter picking 15 students for the summers.

Placements for two year Agri-Business programme were also held, where 28 offers were made to a batch of 21 students. All 300 students appearing for summer internships got placed.

Around 90 international offers were made, but the acceptances will be known only in a couple of days, said the IIM-A spokesperson.

Goldman Sachs, Morgan Stanley, UBS, McKinsey & Company, HUL, P&G and Aditya Birla Group were some of the prominent companies that came for placements.

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