The premier B-school had planned to wrap up the placements by November 19, but completed it on November 16 as recruiters hired in larger numbers than expected. Other IIMs too saw record hiring for summer internships and a rise in stipends by 20%. More than 130 firms, including World Bank, PricewaterhouseCoopers, KPMG, Cleartrip, Zovi, L'oreal, Wipro Consumer Care, participated in IIM-A. Director Samir Barua said, "Placements getting over in the third cluster itself comes as a big surprise considering the weak job market. It is an indicator of better things to come during final placements."
In 2010, IIM-A moved away from the spot-offer and day-zero system to the more student-friendly cohort system, when companies offering similar roles form groups instead of visiting the campus randomly on any day — spot offers means if a student who already has an offer in hand should opt out of the placements. "Despite fears that students may not get the desired offers, the present batch was placed after the third cluster. Two students from the previous batch, who failed in their exams, were the last to be placed on Friday," said a member of the placement committee at IIM-A.
Several students chose to intern with start-ups this year. Siddharth Shah, an IIM-A alumnus, who came as a recruiter for his online pharmacy and healthcare, store recruited two interns.
In a first, IIM, Lucknow declined offers from 40-odd firms as all its students were placed in five-and-a-half days. Its recruitment coordinator Nitin K V said, "We got a record 500 offers from 220 firms for summer internships."
IIM, Calcutta placed 466 students in four days compared to last year's five days while IIM, Kozhikode placed all 366 students within a record of 25 days compared with 308 students in 43 days last year. IIM, Bangalore too set a new record with its students getting 265 offers in two days.
Source:The Times OF india
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