
Banking, consulting firms sharpen appetite for B-school talent
Subscribe to enjoy similar stories. Finance and consulting firms that did not hire with their usual gusto last year are back at Indian business schools with a healthy appetite. Median salaries have risen, along with the number of offers.
“There have been a few offers above one crore (rupees). These are mostly foreign firms, specifically in the finance domain," said Viswanath Pingali, chairperson for placements at the Indian Institute of Management Ahmedabad (IIMA). “This year, we saw a greater number of firms and more diverse roles." The college has already completed its placements for the batch of 2025, with Boston Consulting Group making the highest 35 offers, followed by Accenture Strategy at 30.
Among the investment banks, Goldman Sachs was the largest recruiter with nine offers, followed by Avendus Capital at seven. Consulting, banking, and advisory firms have always been the coveted recruiters at B-schools. But the global slump hurt hiring for the 2024 batch.
This placement season, however, is proving to be better, suggesting that demand for talent in finance and consulting roles is rising again. "We saw increasing offers from consulting and investment banking firms as markets are settling down, and there has been an increase in projects compared to last year," IIM Indore said in an emailed response to Mint. At IIM Lucknow (IIM L), a finance company offered the highest compensation of ₹75 lakh this year.
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