IIM-A summer placement receives good response

Ahmedabad, Nov 3 : The summer placement process for the first year PGP and PGP-ABM students kicked off with a good response at the Indian institute of Management, Ahmedabad, today.

Students, who will be placed in companies across various sectors during this process, will get a chance to apply the learnings from class in practice and experience business management first hand in their preferred domain. Summer Internships are a mandatory requirement of the course and students will spend 8-10 weeks in these companies in the months of April-May next year, Mr Himanshu Nema, Secretary, Placement Cell, said in a statement here.

Mr Nema said ''Day Zero of the summer placement process for the batch of 2009-11 saw enthusiastic response from our regular partners from the fields of Investment Banking and Consulting. Most students today were placed in Investment Banking and Consulting roles.

He said ''In line with expectations, Investment Banks made their presence felt. Goldman Sachs, Morgan Stanley and Barclays each saw over 5 acceptances.'' A senior manager at Royal Bank of Scotland which hired more than 10 summer interns in investment banking profiles in Hong Kong, Singapore, New Delhi and London said, ''I was really happy to be here at the IIM Ahmedabad campus. The students were well prepared and looked excited about the opportunity to work at the Royal Bank of Scotland. We hope the international experience provided by an internship at RBS helps them ahead in their careers.'' Some of the other Investment Banks include JP Morgan, Nomura, HSBC, Deutsche Bank and Citigroup.

''A day that began with great apprehension for the first year students gradually brought relief and cheer to the students as they found that placements had indeed started on expected lines, with regular partners back to recruit and some new firms to choose from,'' said Rohan Desai, Secretary, Media Cell at IIMA.

--UNI

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