Management consulting dominates IIM-A summer placements
The management consulting industry remains the top destination for graduates from the Indian Institute of Management (IIM) in terms of numbers. In its summer placement round at IIM Ahmedabad (IIM-A), Boston Consulting Group (BCG) has emerged as the biggest recruiter.
Advisory firms have long dominated the placements from IIMs across India. As business and management consulting market grows in size, intensity and competitiveness, talent has become a premium across India, driving many consulting firms to compete for taleent from India’s most prestigious institutions.
In the final placement round at IIM Bangalore last year, Deloitte, BCG and A.T. Kearney emerged as the top recruiters respectively. A similar story unfolded at the placement round held at IIM Lucknow earlier this year, where consulting firms accounted for more than 30% of the total recruitment activity.
The latest summer placement round at IIM-A was divided across a number of clusters, including investment banking & capital markets, management consulting, and private equity & venture capital. Based on th number of placements, the management consulting ended up on top.
BCG, which has been among the top recruiters in recent years, topped the list with 23 placements, while other prominent recruiters included A.T. Kearney, Accenture Strategy, Alvarez & Marsal, Bain & Company, Deloitte, KPMG and McKinsey & Company.
Boston Consulting Group's recruitment drive comes on the back of expansion in India. The US-origin management consultancy recently saw its headcount in the country grow beyond 1,200 professionals.
Competition for talent amongst the top consulting firms has become cut throat in recent years, particularly across the Big Four accounting and advisory firms. In 2017, KPMG’s workforce in India was raided by Deloitte, as the latter swept away 20 partners and more than 300 professionals in a single move.
KPMG has since been rebuilding its practice. Late last year the firm announced that it would recruit approximately 9,000 new professionals to its Advisory practice in a bid to return to the scene's top ranks.
In the remaining clusters, HSBC emerged as the top recruiter in the investment banking & markets group, followed closely by Arpwood Capital, Avendus Capital, Bank of America Merrill Lynch, Credit Suisse and a number of others.
