Five IIM-A students opt for social sector than top corporates

Updated on: Friday, November 19, 2010

Five IIM-A students have opted to work in the social sector during summer placements, spurning chances of securing top corporate jobs.

Four students from the 2010-12 PGP batch opted to work for Providing Urban Amenities in Rural Areas (PURA), a dream project of former President A P J Abdul Kalam, despite shortlisted for interview by top corporate groups.

Another student with interest in governance and public policy formulation would be doing internship under Prem Das Rai, a Member of Parliament from Sikkim and a former IIM-A alumnus, IIM-A sources said.

The number of students opting out of the lucrative corporate internship offers to join projects in social sector has been higher in the concluding summer placements this year as compared to last three sessions, IIM-A said.

A batch of 378 PGP (Post Graduate Programme) students sought internship roles in the summer placement process that concluded today. The process saw articipation from 102 recruiters.

"There were opportunities available to students in politics, grassroots innovation and national development. For the first time, students voluntarily rejected earlier cluster firms to take up such opportunities," Recruitment Secretary at IIM-A Movin Jain said.

Of the 102 recruiters, the investment banks and consulting groups offered maximum internship roles. Royal Bank of Scotland gave 22 offers.

Consulting giants Accenture and Ernst & Young made 10 offers each, while McKinsey and Boston Consulting Group made offers to six students each, an IIM-A statement said.

Finance remained the top pick of students again this year. Nearly 39 per cent of students opted for roles in finance â€“ investment banking, private equity, corporate
banking and treasury roles.

Twenty per cent of the students opted for roles in consultancy domain, 19 per cent chose marketing, 11 per cent IT/system and 9 per cent went for general management.

Students will be doing internship in firms from diverse sectors such as social gaming (Playdom), advertising (Ogilvy & Mather), credit rating (Onicra) and rural finance (IFMR), the statement said.

"The number of offers per firm saw a significant increase resulting in the largest batch so far being placed in a fewer number of firms than last year," Placement Chairperson Saral Mukherjee said.

Five IIM-A students opt for social sector than top corporates

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