The first cluster of the Summer Placement process for the PGP class of 2024 was held today at the Indian Institute of Management, Ahmedabad. The firms that participated in Cluster 1 comprised of five cohorts investment banking & markets, management consulting, niche consulting, cards and financial advisory and private equity, venture capital & asset management.
As the pandemic has subsided, we conducted the entire placement process in hybrid mode. Companies had the convenience to conduct the process virtually or physically.
We saw a large pool of recruiters with about 60 firms participating in the process. The Boston Consulting Group was the top recruiter with 28 offers, followed by Bain and Company with 23 offers.
Other prominent recruiters in the consulting domain included regular recruiters such as Alvarez & Marsal, Arthur D Little, Auctus Advisors, Ernst & Young, GEPConsulting, Kepler Cannon, McKinsey & Company, Pricewaterhouse Coopers, Strategy.
Prominent recruiters in the Investment Banking and Markets space included Avendus Capital, Bank of America, Citibank, Credit Suisse, Estee Advisors, Goldman Sachs, JPMorgan Chase and HSBC. Goldman Sachs was the largest recruiterin Investment Banking and Markets cohort with 10 offers.
In the PE and VC domain, we saw participation of firms like Blackstone, Gaja Capital, Jupiter Capita, Multiples, Premji Invest and Venture Highway. American Express with 9 offers, rolled out the maximum offers in the cards and financial advisory cohort. We witnessed a 50% Y-o-Y increase in the international offers in Cluster 1.
As stated earlier, Clusters 2 and 3 will be held on 4th November and 7th November respectively.