400 IIMB students bag internships in elite firms

As many as 400 students of the PGP (postgraduate management programme) class of 2016 of Indian Institute of Management, Bangalore (IIM-B) were selected for summer internships in various profiles across general management, banking and financial services, sales and marketing sectors.

The process began on October 31 and concluded on November 4, with 130 recruiters visiting the campus.

These include both old and new recruiters, including companies like HSBC Markets, Macquarie Group, Rocket Internet, IDG Ventures, DBS, Saint Gobain, Snapdeal, PwC Diamond and Directi.

Four students opted out of the process. While more than 35 students are expected to intern at international locations, 23 per cent of the offers made were from management consulting sector.  Another 20 per cent secured internships in the banking and financial services segment.

Sales and marketing roles were offered to another 20 per cent and 10 per cent will intern with conglomerates in leadership, strategy profiles and general management. Operations profiles across various sectors were offered to around 10 per cent of the students of the batch.

“As in the previous years, the current summer placements once again reaffirm the confidence of the recruiters in meeting their demand for talent with students from IIMB. This sentiment was echoed by global recruiters, large Indian corporate bodies as well as new age enterprises alike. I would also like to mention that our students worked hard and competed amongst themselves, while vying for the choicest internship opportunities,” said Prof Sankarshan Basu, chairperson, Career Development Services, IIMB.

Best B-School award
The Indian Instititue of Management, Bangalore has bagged the title of the number one Business School in Central Asia, according to a rating done by Eduniversal, a global ranking and rating agency specialised in higher education.

The other two institutes are Indian Instititues of Management at Ahmedabad and Calcutta in that order.

Prof Devanath Tirupati, Dean, Academic, Indian Instititue of Management, Bangalore, received the award on behalf of the institute at a ceremony in Istanbul.