JOIN USEntire batch of IIM-B finds placements
Despite an increase in the batch size from 348 to 375 students, the institute said that process concluded sooner, with a 100 percent increase in the number of first day offers, over the last two years. It was the fifth day of the process.
While this is the largest batch of the Institute to be placed so far, the process was smoother and faster this year.
According to Professor P D Jose, Chairperson, Placement, IIM Bangalore, “While the summer placements this year were a clear testimony to the revival of the industry, a lot of credit can also be attributed to the diversity of the batch.”
About 21 percent of the batch comprised women, a higher proportion compared to previous years.
“Many firms that came to campus were willing to hire in much larger numbers as compared to the previous few years”, he added.
Of over 180 companies registered to visit the campus, the entire batch was placed in the companies and sectors in 127 companies.
Nearly one third of the batch was placed on the opening day of the session. Each company on an average increased the number of offers 26 percent as compared to the previous year.
Significantly, the top consulting firms recruiting on the first day of the placement process made 70 percent more offers than the previous year. The number of global recruiters at IIM Bangalore mirrors its maturing global reputation.
This year, the IIMB campus hosted leading multi-nationals such as BCG, McKinsey and AT Kearney in the consulting segment and Goldman Sachs, Morgan Stanley, RBS, Nomura and Standard Chartered amongst the investment banks.
Global firms
"We at Nomura have hired an outstanding set of students for internships in our offices across the globe. We view IIM Bangalore as a strategic recruiting partner and look forward to coming to the campus again in the years to come," said Vasant Naik, Managing Director, Fixed Income Research, Nomura.
Although finance and consulting formed the sectors of choice for around half the batch (185 students), there were an equally large number of students opting for other sectors. UBS, Accenture, Ernst & Young, Caterpillar, Yahoo, Hindustan, Coca Cola Beverages, Kraft Foods and Schneider were amongst the firms that took part in the process for the first time. Seven students chose to pursue alternative opportunities including entrepreneurship.