348 IIMB students clinch summer internships

 
More than 150 companies flocked IIMB campus and 348 students, were placed with summer internships within a span of five days.

The new recruits represented a whole spectrum of sectors including media, pharma, real estate, venture capital, hedge funds and niche consulting. The consulting firms like McKinsey & Co, Boston Consulting Group, Bain & Co, Booz & Co, AT Kearney, Arthur D Little, Deloitte and KPMG and Alvarez & Marsal visited the IIMB campus. For the first time, niche consulting firms such as Wolff Olins and Global E-Procure visited IIMB and recruited students for summer internships.

Bain & Co largest recruiter

Overall, 19 percent of the batch accepted internships in investment banking; 15 percent offers from consulting firms, known for demanding multi-functional skills cutting across finance, strategy and marketing. Goldman Sachs made 13 offers to the students, the highest across all the IIMs. Bain & Co was the single largest recruiter among the consulting firms in this year’s placement, inducting five IIMB students in their firms.
The other sectors that have seen significant number of positions being offered include Finance 16 percent; Sales and Marketing 21 percent; General Management 12 percent ; IT 9 percent and  Private Equity 3 percent.

Like last year, Private Equity (PE) firms continued with the internship offers as they recruited students for the highly specialised positions.

Some of the PE firms which flocked the campus were the Blackstone Group, Morgan Stanley, Macquarie, Zephyr Peacock, Rothschild, IDG Ventures and Sabre Capital. Some of the PE firms also recruited students for their portfolio companies with specific projects to suit their profiles.

International placements

As many as 64 students accepted international offers from firms and most posts were offered in Asia. Of the total international offers, 15 were women. The Blackstone Group recruited an intern for their London PE desk for the first time from IIMB. As against last year, 74 companies visited IIMB campus this year with multiple internship offers.

Despite apprehensions in the backdrop of the economic slowdown, the IIMB graduates were satisfied with the increase in the number of recruiting firms that visited the campus.
Anirban Ghosh, a BTech graduate from the National Institute of Technology, Warangal, who is presently the post graduate programme student at IIMB looked happy with the international summer placement. Anirban, said, “I have accepted a merger and acquisition summer placement at the London desk of a prestigious firm.”

While, Khush, another first year PGP student, said, “I was initially apprehensive about the summer placements as we were last institute to have completed the placements. I have accepted summer internship from an investment banking firm”.

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