Monday, September 12, 2011

Finance and consultancy preferred by IIM-A students'

IIM-A students prefer Finance and consultancy as a career choice. This was revealed by the first final placement report (for 2011) released by the institute. The report is as per the Indian Placement Reporting Standards.

The Director of IIM-A said that after consultancy and finance, manufacturing companies have now begun hiring aggressively.

Jobs opportunities are on a rise in India since offices of the multinational companies are being setting up here.

Consulting and Finance has remained the most preferred choice by those who have pursued the IIM-A's flagship Post Graduate Programme (PGP). There are 314 eligible students for final placements in 2011.

In consulting and finance 91 and 93 offers have been accepted respectively by the students.

The final placements process started on February 12 at IIM-A. There were 120 firms that participated in the lateral and final placement process.

The reports have also stated that the median per year salary offered to students in banking, finance services and insurance (BFSI) and consulting was Rs 15.30 lakh and Rs 13.60 lakh respectively.

IPRS has been adopted by IIM-A since this year so that transparency could be brought about in reporting of placement data and standardise placement reports across campuses in the country. This is expected to provide authentic data to prospective B-school students that would be comparable.

CRISIL has audited the IIM-A's final placement report for 2011 which is as per IPRS.

Source: Bhaskar

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