Goldman Sachs, Deutsche Bank, Aditya Birla Group, Tata Administrative Services, Reliance Industries Ltd., Accenture Strategy, Deloitte and The Boston Consulting Group are some of the top recruiters that offered jobs.
The Final Placement season for the PGP Class of 2014-16 of the Indian Institute of Management Bangalore (IIMB) witnessed the participation of the top recruiters across all sectors with renewed vigor 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. As many as 160+ companies participated and made more than 450 offers across 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 like Consulting, Business Leadership, Product Management, Operations, Category Management, and General Management. About 18 students were offered international placements from various firms for global locations. Two students had foregone their Pre Placement Offers, which included an offer from a leading multinational financial services corporation, to continue on their entrepreneurial venture.
IIMB played host to most big international banks such as Goldman Sachs, Bank of America Merrill Lynch, Deutsche Bank, Citibank on the first day of the Final Placements with Goldman Sachs making 14 offers. The process also saw the participation of Avendus Capital and American Express. Private Equity/Venture Capital roles by India Value Funds were offered to the students. A host of Indian banks and financial institutions such as Kotak Investment Bank, ICICI Securities, ICICI Prudential, Yes Bank, Axis Bank made offers during the Placement process, with ICICI leading the pack with 11 offers.
In the Consulting domain, Bain & Company (17 offers), Accenture Strategy (16), Deloitte (14), The Boston Consulting Group (13), A T Kearney (11) and McKinsey & Co (8) were the top recruiters this year. More than 30% of the entire batch received offers in the consulting sector, which also included reputed names like Strategy&, Roland Berger, Alvarez & Marsal and GEP Consulting also hired from IIM Bangalore this time. Other prominent recruiters in this space were ZS, EXL, KPMG and PricewaterhouseCoopers.
Conglomerates such as 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.
Many students also chose to go to 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 Hindustan Unilever, ITC, Mondelez International, Coca Cola, PepsiCo, Johnson & Johnson, Marico and Asian Paints. Telecom majors Vodafone and Bharti Airtel also made a number of offers in this domain. The major retail firm from Middle East – Alshaya recruited 9 students this year.
Prominent recruiters in the technology space included Microsoft, Samsung and Infosys. In the IT consulting domain, all prominent recruiters like IBM and Capgemini recruited from the campus. The E-Commerce space saw heightened interest with Amazon and Flipkart making 16 and 11 offers respectively. Other prominent E-Commerce recruiters included Uber, Ola Cabs, Paytm, Urban Ladder, AskmeBazaar, Hopscotch, and CarTrade.
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.”
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.”