Consulting and Financial Services firms dominate summer placement hiring at IIM Bangalore
The Summer Placement season for the PGP class of 2015-17 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 on November 3 (Tuesday). IIM Bangalore is also simultaneously hosting the summer recruitment process for IIM Visakhapatnam PGP Class of 2015-2017 with around 60% of applicants already placed. IIM Bangalore Placement Committee was also involved in the mentorship of IIM Visakhapatanam students in the run up to the placement process.
Introduction of Dream Company choice, for the first time in IIMB placements, was the major highlight of this Summer Placement season. Recruiters such as Tata Administrative Services, Aditya Birla Group, P&G, ITC, Hindustan Unilever were chosen by students with offers as their dream company.
This year the process witnessed the participation of 410 eligible students and more than 150+ companies came to hire students for summer stint in multiple roles such as Consulting, Investment Banking, Markets, Corporate Banking, Sales & Markets, Business Leadership, Product Management, Operations, Category Management, and General Management. Another striking feature of the process was that more than 30 firms visited IIMB for hiring for the first time. Some of these included Anheuser Busch Inbev, Aurionpro, Fidelity Worldwide Investment, India Value Fund, Lenovo, LightBox Ventures, Texas Instruments, Nirvana Ventures, Myntra, Uber, Walmart Labs and Novartis. Temasek Holdings renewed hiring from IIM Bangalore again after a gap of more than 5 years.
IIMB played host to most big international banks such as the Goldman Sachs, HSBC, Barclays, JP Morgan, Bank of America Merrill Lynch, Deutsche Bank, Citibank, Development Bank of Singapore and Standard Chartered on the first day of the Summers Placements. Private Equity/Venture Capital roles by Blackstone, IDG Ventures and Brand Capital were offered to the students. India Value Fund, Nirvana Ventures and LightBox Ventures were some of the first time recruiters in this domain. A host of Indian banks and financial institutions such as Avendus Capital, Axis Bank, ICICI Bank, Yes Bank and Edelweiss also made offers during the Placement process.
The Boston Consulting Group made 22 offers which was also the highest number of offers ever made by it across Indian campuses. Accenture Management Consulting with 16 offers and Mckinsey & Co. with 12 offers were also top recruiters this year. Around 30% of the entire batch received offers in the consulting sector, which also included reputed names like Bain & Company, Strategy&, A T Kearney, Roland Berger, Alvarez & Marsal, PWC Diamond, Capgemini, IBM Consulting, Cognizant Business Consulting and GEP Consulting. Other prominent recruiters in this space were EXL Services, Ernst & Young, KPMG and PricewaterhouseCoopers.
Conglomerates such as Aditya Birla Group, Tata Administrative Services (TAS), Mahindra & Mahindra, Wipro Global, Reliance ADA Capital, Shell, General Electric recruited in significant numbers for leadership and general management roles. Aditya Birla Group with 13 offers was the highest recruiter in this space.
Many students also chose to go to Sales and Marketing functions, and were extended offers by major consumer goods and services firms. Major recruiters in this category were Mondelez, Asian Paints, Hindustan Unilever, Phillips, Coca Cola, ITC, Times Group, Johnson & Johnson, Pepsi, Uber and Wipro Consumer Care among others. Telecom majors Vodafone and Bharti Airtel also made a number of offers in this domain. The major retail firm from Middle East – M.H. Alshaya – also recruited in good numbers this year.
Prominent recruiters in the technology space included Microsoft, Microland, WNS, MindTree, Texas Instruments, Sutherland Global, Walmart Labs, Lenovo, Juniper Networks and Directi among others. In the IT consulting domain, all prominent recruiters like IBM and Capgemini visited the campus.
The E-Commerce space also saw heightened interest with Amazon, Flipkart, Snapdeal, Hopscotch, Uber, Myntra, Ola Cabs, Quikr, Infoedge, LinkmySport and Channelplay participating in the summer recruitment process.
Commenting on the occasion, Professor Ganesh Prabhu, Chairperson, Career Development Services, IIM Bangalore, said: “The Summer Placement Process 2016 successfully concluded today and was very well received by the recruiters. Many of them ended up doubling their usual number of offers based on the talent pool available in IIM Bangalore.”
Ankur Agrawal, Placement Representative, said: “Consulting firms continued their preference towards hiring IIMB students with some of them making unprecedented number of offers. Also, marquee and first time PE/VC recruiters added to the quality of offers rolled out to the students.”
The Indian Institute of Management Bangalore (IIMB) believes in building leaders through holistic, transformative and innovative education. IIMB is an acknowledged hub of academic activity in India and globally. We are recognized as a leading international post-graduate centre of management studies.
We are Equis accredited. The accreditation is an indication that recognized institutions satisfy international standards.
Currently, we offer five long-duration programmes – the Fellow Programme in Management (FPM), the Post-Graduate Programme in Management (PGP), the Post Graduate Programme in Public Policy and Management (PGPPM), the Executive Post Graduate Programme in Management (EPGP) and a weekend Post Graduate Programme in Enterprise Management (PGPEM). IIMB has 150+ faculty members, including visiting and adjunct faculty, who are actively engaged in policy formulation, research, case writing and consulting.
Our research centres include the Centre for Public Policy, the Nadathur S Raghavan Centre for Entrepreneurial Learning, the Centre for Financial Markets & Risk Management, the Centre for Corporate Governance & Citizenship, the Centre for Software & IT Management, the Centre for Supply Chain Management, and the Centre for Enterprise Resource Planning.
We are known for excellence in research and scholarship, global character, values, diversity, and for the impact we make on multiple stakeholders and the society.
Recognizing the tremendous power of disruptive technology, 15 months ago we became the first IIM to partner with the world’s most respected MOOC platform, the Harvard-MIT joint venture, edX. We launched our first MOOC in July 2015 and recently announced our 7th MOOC. With technology, we have reached out to over 80,000 learners in 185 countries till date.
Our efforts for strengthening our research and teaching have paid handsome dividends by enhancing our international reputation. Our PGP, Executive PGP, doctoral and executive programmes are all very highly placed in global rankings by the Financial Times.
For the eighth consecutive year, in 2015, we have been ranked the best business school in Central Asia by Eduniversal, Paris.
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