Consultants, banks flock to B-schools a year after dip

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.

- Devina Sengupta & Sneha Shah

"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 investment banks, Goldman Sachs was the largest recruiter with nine offers, followed by Avendus Capital with seven.

Consulting, banking and advisory firms have always been the coveted recruiters at B-schools, but a global slump hurt hiring for the 2024 batch.