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    Placement Offers In Consulting Peak At IIMs

    By Atul Ade
    12 Dec'23  3 min read
    Placement Offers In Consulting Peak At IIMs
    Synopsis

    Every year, Careers360 studies NIRF data to understand and present to our readers various trends in India’s top institutions. In this article, we discuss the placement offers in consultancy at IIMs. It is a known fact that sectors such as IT, manufacturing, Banking, Financial Services and Insurance are the most lucrative. But what does data say about Consulting? Let’s find out

    Placement Offers In Consulting Peak At IIMs
    Synopsis

    Every year, Careers360 studies NIRF data to understand and present to our readers various trends in India’s top institutions. In this article, we discuss the placement offers in consultancy at IIMs. It is a known fact that sectors such as IT, manufacturing, Banking, Financial Services and Insurance are the most lucrative. But what does data say about Consulting? Let’s find out

    Most MBA aspirants dream to study in India's top management institutes, which is Indian Institute of Management (IIM). Many students have clear goals about their future work sector they want to work in. Some in-demand sectors are Consulting; Information Technology (IT); Manufacturing; Banking, Financial Services, and Insurance (BFSI) etc.

    A total of 20 IIMs provide the two year full-time MBA (Master of Business Administration) programme. In this article, our focus is on job offers made in the Consultancy sector. This data is collected from the official websites of 17 IIMs data over the last four years. IIM Ahmedabad, Calcutta and Lucknow were not added because the placement data was not available on their college website. For 2021, IIM Shillong and IIM Ranchi’s data was not available and hence are not compared.

    So now let’s look at all the IIMs, breaking them into three generations and reviewing them at the micro level to know how many students work in the consulting sector after graduating.

    IIM Bangalore, IIM Kozhikode, IIM Shillong, IIM Indore and IIM Kashipur were the top IIMs with respect to placement in the consulting sector among the compared IIMs over the last four years.

    Top 5 IIMs With High Consulting Placements

    Among all the IIMs, IIM Bangalore, IIM Kozhikode, IIM Shillong, IIM Indore and IIM Kashipur had the highest number of students placed in the consulting sector over the last four years.

    The change in percentage of students getting into the consulting sector peaked for IIM Kashipur and IIM Shillong in just one year.

    Top IIMs Students In Consulting (In%)

    Consulting

    2023

    2022

    2021

    2020

    IIM Bangalore

    40

    42

    36

    2.2

    IIM Kozhikode

    33

    25

    32.7

    -

    IIM Shillong

    31

    21

    -

    -

    IIM Indore

    25

    31

    22

    -

    IIM Kashipur

    21.31

    11

    12

    -

    First Generation IIMs

    The first generation IIMs are the oldest IIMs, established before 2000. IIM Bangalore remained on the top position over the last four years.

    1st Generation IIMs Students In Consulting (In%)

    Consulting

    2023

    2022

    2021

    2020

    IIM Bangalore

    40

    42

    36

    2.2

    IIM Kozhikode

    33

    25

    32.7

    -

    IIM Indore

    25

    31

    22

    -

    Second Generation IIMs

    The second generation IIMs are the ones established between 2007 and 2011.

    Three IIMs from this group are listed among top five IIMs where maximum students were offered jobs in the consulting sector. These include IIM Raipur, Tiruchirappalli and Rohtak.

    2nd Generation IIM Students In Consulting (In%)

    Consulting

    2023

    2022

    2021

    2020

    IIM Shillong

    31

    21

    -

    -

    IIM Kashipur

    21.31

    11

    12

    -

    IIM Tiruchirappalli

    20

    47

    48

    38

    IIM Udaipur

    19.93

    20

    9.3

    12.44

    IIM Raipur

    14

    35

    14

    18

    IIM Ranchi

    13.7

    20.6

    -

    -

    IIM Rohtak

    13

    45

    26

    -

    Third Generation IIMs

    The third generation IIMs, established after 2011, had only one IIM, i.e IIM Visakhapatnam and IIM Jammu showed an increase in percentage of students who chose to work in the consulting sector in 2022. While the percentage of students dipped at the rest of the IIMs.

    3rd Generation IIM Students In Consulting (In%)

    Consulting

    2023

    2022

    2021

    2020

    IIM Visakhapatnam

    17.5

    15

    5

    3

    IIM Nagpur

    13.59

    32.49

    31.93

    41.5

    IIM Sirmaur

    11

    16

    10

    6

    IIM Jammu

    11

    5

    6.17

    -

    IIM Amritsar

    10

    14

    24

    -

    IIM Sambalpur

    9

    18

    9

    18

    IIM Bodh Gaya

    0.97

    3.6

    12.5

    -

    Also Read | Nearly 100% Placements At New IIMs, But Average Salaries Much Lower Than The Older Ones

    On an average more than 30 per cent of the students of these institutes were placed in the consulting sector during campus placement. This analysis shows a clear trend that students who want to work in the consulting sector must opt for IIM Bangalore, IIM Kozhikode, IIM Shillong, IIM Indore and IIM Kashipur, as these institutes have shown a trend with maximum placements in consulting sector at almost all IIMs.

    Since this is the first in a series of articles, IIM aspirants are advised to stay tuned to know about the next sector.

    Also Read | Female Candidates Unimpressed By Third Gen IIMs In 2020-22

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