Recruiters again flock to IIM-A; Deutche Bank breaks record

In yet another indication that the worst of the recession is past, recruiters are once more flocking to the Indian Institute of Management, Ahmedabad to pick the best new talent available. Among them are the usual suspects - Deloitte, TAS and Feedback Ventures – offering consulting and general management to kick off Cluster Two at the premier business school's final placements on Saturday.

According to an official release by the institute, ''Indian investment banks, corporate leadership programme and global FMCG (fast moving consumer goods) operators are among the several prominent cohorts constituting Cluster Two. Deloitte made 10 offers (including lateral offers) for consulting roles. Other regular recruiters, like TAS and Feedback Ventures, offered general management and consulting roles and hired six students each.''

Other recruiters on campus were Hindustan Unilever, Procter & Gamble, American Express, Standard Chartered and Nestle. ''Apart from the offers extended today, Nestle SA also is in the process of exclusively hiring IIM-A students for its international management and sales training programme. This is the first time Nestle is offering this role in India and it is keen to offer this role to IIM-A students,'' the release said.

Last week, Cluster One saw such international investment banks and consulting firms as Boston Consulting Group and McKinsey & Co offer roles to students. While the institute was mum on details, The Economic Times reports that Deutsche Bank, which had set the upper ceiling in 2008 by offering a Rs1.44-crore package, has broken that record this year.

The new cohort-based placement process for the second year post-graduate programme students, which kicked off on 13 February, will comprise companies that offer similar roles, profiles, salaries, locations, etc.

It is reported that the placements process continued till Sunday as per the schedule. Some of the firms that remained present on the second day included FMCG majors as well as investment banks. After the finance sector dominating the first cluster, the second cluster saw more firms offering general management roles from marketing side.