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    BFSI internships decrease at IIM-A Summer Placements

    Synopsis

    IIM-A has released it audited summer placement report for the 2012-14 batch, which suggests the internship offers from BFSI sector have decreased significantly.

    AHMEDABAD: The Indian Institute of Management-Ahmedabad (IIM-A) has released it audited summer placement report for the 2012-14 batch, which suggests the internship offers from BFSI sector have decreased significantly. Internship offers from consulting and FMCG sector have been stable while the number of students accepting the offers from conglomerates has increased.

    Function-wise classification also suggests that the number of students with offers from finance have decreased from 29% last year to 25.5% this year.

    The CRISIL audited report shows 93 students of the 2012-14 batch have accepted offers from Banking, Financial Services and Insurance (BFSI) sector while 86 opted for consulting sector. Students opting for internships in FMCG sector has remained almost same with 44 offers acceptance against 45 last year.

    Around 30% of the students interned with (BFSI) sector last year from the batch of 2011-13. Out of 380 students last year, 112 students accepted offers from BFSI sector while 81 students got internships in consulting sector.

    Last year, 309 students got internships for locations in India. However, the report for 2012-14 batch says that 199 students will get internships in India while the locations for 159 students is not decided so far.

    In the 2012-14 batch, total 388 students were eligible for the summer placements including five dual degree programme students. The institute organised cohort-based summer placements in November 2012. Seven students did not seek internship through the institute, says the report.

    Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, and Royal Bank of Scotland hired students as interns across desks in different locations around the world. Consulting firms like BCG, McKinsey & Company and Accenture hired in double digits.
    The Economic Times

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