The final placement sessions for the PGP Class of 2014-16 of the Indian Institute of Management Bangalore (IIMB) witnessed the participation of top recruiters across all sectors with renewed vigour, and was concluded successfully within five interview slots of half a day each.
This year, the placement process witnessed the participation of 409 eligible students. Five students opted out of the placement process and as many as 160 companies participated and made more than 450 offers across over 200 job profiles. There were as many as 139 pre-placement offers extended to the students before the start of the final placements based on their performance during the summer internship. The lateral placement season for candidates with more than 22 months of work experience saw a total of 136 offers being made by firms in varied domains such as consulting, business leadership, product management, and the like. About 18 students were offered international placements from various firms for global locations. Two students had foregone their pre-placement offers to continue on their entrepreneurial venture.
Banking and Consulting
IIMB also played host to most big international banks such as Goldman Sachs, Bank of America Merrill Lynch, Deutsche Bank and Citibank on the first day of the final placements with Goldman Sachs making 14 offers. A host of Indian banks and financial institutions also made many offers.
In the consulting domain, Bain & Company (17 offers), Accenture Strategy (16), Deloitte (14), The Boston Consulting Group (13), AT Kearney (11) and McKinsey & Co (8) were the top recruiters this year. More than 30% of the batch received offers in the consulting sector, which also included reputed names like Strategy&, Roland Berger, Alvarez & Marsal and GEP Consulting.
Conglomerates such as the Aditya Birla Group (11), Tata Administrative Services (TAS), Reliance Industries Ltd, Mahindra Group, CK Birla, Larsen & Toubro, Future Group, Siemens and General Electric recruited in significant numbers for leadership and general management roles.
Krishna M, placement Representative, said: “In addition to the continued interest shown by traditional recruiters, we also saw close to 25% first time recruiters who hired in good numbers. Further, the increased efforts put in by students resulted in them getting their preferred jobs.”
Many students also chose sales and marketing functions, and were extended offers by major consumer goods and services firms. The major recruiter in this category was P&G with 7 offers and the other recruiters included the likes of Hindustan Unilever, ITC, and Coca Cola, among others. The major retail firm from Middle East – Alshaya recruited 9 students this year.
Technology
Prominent recruiters in the technology space included Microsoft, Samsung and Infosys. In the IT consulting domain, the likes of IBM and Capgemini recruited from the campus. The e-commerce space saw heightened interest with Amazon and Flipkart making 16 and 11 offers respectively. Uber, Ola Cabs, Paytm, Urban Ladder, AskmeBazaar, Hopscotch, and CarTrade also made several offers.
Commenting on the occasion, Professor Ganesh N Prabhu, Chairperson, Career Development Services, IIM Bangalore, said: “Even though there was a slight dip in e-commerce hiring, the consulting firms hired in larger numbers and helped accelerate the placements.”