Tuesday, 21 February 2012

Consulting Companies to save the day for B - Schools.

More freshly - minted MBAs from top B - schools are likely to make their way into consulting this placement season. Record hiring by Boston Consulting Group and Mckinsey & Co at B - school campuses this year and fewer offers from the traditional top recruiters, investment banks, have shifted the focus from the high - paying finance sector to the all weather consulting companies.
BCG kicked off the IIM placement season by hiring 17 at the Indian Institute of Management - Ahmedabad on Monday, six more than the previous year. Last month, Mckinsey picked 17 grads from the Indian School of Business, stepping up its 2012 hiring by 50% at the institute.
Apart from BCG and Mckinsey, companies like Bain & Co, AT Kearney, Accenture and Oliver Wyman visited IIM - A on the first day. An IIM - A alumni says consulting compnies offered packages between 22 lakh and 27 lakh for domestic roles this year.
Higher consulting offers are a bright spot in what is turning to be a tough year for B - school graduates.
Tier II B- schools are feeling the slow - down pitch a bit more.
IIM - Calcutta, which kicks off its final placements, expects consulting to be strong. " I - banking is looking tough, and some of the i - banks are not participating. We will see more offers from consulting compared with last year." says placement chairperson Amit Dhiman.

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