The Indian Institute of Management (IIM) Ahmedabad on Tuesday held the first cluster of the summer placement process for the PGP class of 2026. The Institute will be conducting clusters 2 and cluster 3 of the PGP summer placement process on November 15 and 18 respectively.

The firms that participated in cluster 1 comprised six cohorts management consulting, transformation and operations consulting, advisory consulting, cards and financial advisory, investment banking and markets, and PE/VC, asset management and hedgefunds. The process was conducted in hybrid mode with companies joining in online as well as offline mode.

IIM Ahmedabad said that it saw a large pool of recruiters offering about 73 roles in the process.

The top three recruiters for the cluster were Accenture Strategy (India Market Unit and Global Network), Boston Consulting Group and McKinsey and Company.

Other prominent recruiters in the consulting domain included regular recruiters such as Bain and Company, Alvarez and Marsal, Strategy&, Kearney, YCP Auctus Advisors, Pricewaterhouse Coopers, KPMG, Vector Consulting Group, EY-Parthenon and Kepler Cannon.

Some prominent recruiters in the investment banking or markets cohort included Avendus Capital, Bank of America, Citibank, Morgan Stanley, Goldman Sachs, JPMorgan Chase, DE Shaw, Deutsche Bank India and HSBC.

Goldman Sachs was the largest recruiter in the Investment Banking/Markets cohort, with 11 offers followed by HSBC (India and Hong Kong).

In the PE/VC domain WinZo Funds and WhiteOak Capital led the charge with six and three offers respectively.

This cohort also saw participation of firms like Ares Management Asia, Arga Investment Management, Premji Invest, RTP Global, Multiples Alternate Asset Management, Faering Capital, Neev Fund (SBI Ventures Limited), PH Values, Pkeday Advisors and Piramal Alternatives. American Express led the way with Cranmore Partners and Synergy Consulting in the “Cards and Financial Advisory” cohort.

“We witnessed active participation from some new recruiters like Roland Berger, EY-Parthenon Singapore, Cranmore Partners, BNP Paribas, IIFL Securities, UBS, Moelis & Co., Deutsche AG, Deutsche India and Pkeday Advisors in the summer internship process,” the institute said adding that the first cluster also saw an increased participation of international firms from locations such as Hong Kong, Germany, the USA, Singapore and the Middle East.