Rs 61 lakh highest salary in IIM-B placements

150 companies make 428 job offers

The final placement session for the PGP (post graduate programme in management) class of 2012-14 at the Indian Institute of Management, Bangalore, (IIM-B) has ended, with more than 150 domestic and foreign companies making 428 job offers. 

A number of new companies took part in this year’s placement process and the average salary offered was Rs 19.5 lakh per annum, an increase of Rs 2.3 lakh from the previous year.     

The highest salary offered this time was in the bracket of around Rs 61 lakh ($ one lakh) in the general management sector. This year’s placements also saw the entry of new companies like LinkedIn, Rocket Internet, Ford and C K Birla. There were a total of 40 such ‘new companies’ that participated in the placement process this year. 

Of this, 10 have never participated in the placement process before. “Companies like Blackstone Group exclusively recruit at least one per cent of the students from IIM-B every year. A number of companies that had not recruited from the institute for a few years now also took part in the placements. They are categorised as new companies,” said Ankit Rusagi, a placement representative studying in first- year PGP. 

As much as 27 per cent of the offers came from consulting firms like Accenture Management Consulting, McKinsey & Company and Boston Consulting Group. This was followed by offers from business and finance (19 per cent), information technology (17 per cent) and general management (14 per cent). In the IT sector, Amazon and Samsung made the most offers (11) and in general management, companies like Aditya Birla Group, Tata Administrative Services, Reliance Industries Limited and Mahindra Group were the dominant recruiters.  

Of the total 388 students in the programme, 94 accepted the pre-placement offers (117 such offers were made). Another 108 students accepted offers made during the lateral placements (184 lateral placement offers were made). 

The rest of the 184 offers were made during the final placements. Two students opted out of the placement process. 

Most of the female students in the batch, 102 of them, opted to get into finance and the FMCG (fast moving consumer goods) sector. “As many as 41 students were offered overseas placements, a nearly double increase from the 21 offered last year,” said Prof Sankarshan Basu, chairperson, Career Development Services.  

Nine candidates opted for jobs in the social sector. “Offers were made by Bangalore-based Akshaya Patra and rural BPO company, Rural Shores. Most of these are for operational roles in the organisation,” said Basu.