The Final Placement season for the PGP Class of 2015-17 at the Indian Institute of Management Bangalore (IIMB) saw increased hiring by banks, consulting and consumer good firms with a total of 411 students participating in the process.
The maximum number of offers came from the Boston Consulting Group with 20 (including PPOs) followed by Goldman Sachs with 14, including PPOs and Aditya Birla Group with 10 offers.
“We experienced a qualitative improvement in the placements this year. Increased hiring by banks, consulting and consumer goods firms compensated for the firms that could not participate in our placements this year,” Professor Ganesh N Prabhu, Chairperson, Career Development Services, IIM Bangalore, said.
The placements season also saw participation of more than 160 top recruiters in India and abroad across business sectors. “In addition to the continued interest shown by traditional recruiters, we also saw over 25% first-time recruiters who hired in good numbers. Further, the increased efforts put in by students resulted in them getting their preferred jobs,” Placement Representative Harsha Bhattad said.
The 411 students who participated in the placement process this year received more than 450 offers across 200 plus job profiles. Ten of the graduating students, however, opted to defer their placement to pursue entrepreneurial or other opportunities.
Altogether 162 Pre-Placement Offers (PPOs) were extended to students before the start of the Final Placements based on their performance during the Summer Internship and 133 PPOs were accepted by the students.
As many as 139 offers were made by firms in varied domains like Consulting, Business Leadership, Product Management, Operations, Category Management and General Management during the Lateral Placement (LP) process for students with more than 22 months of work experience.
The LP process matches the recruiting company’s specific needs with the experienced students’ expertise and career interests. Altogether, 116 of these lateral offers were eventually accepted.
More than 15 students were offered overseas placements while some more were expected to join in India for subsequent international postings.
Six students of the last batch, who had lost their campus placement jobs due to restructuring, were successfully placed this year, while three students of the graduating batch are part of the ongoing placement process.
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IIM Bangalore played host to leading global banks on the first day of the Final Placements. Apart from Goldman Sachs’ 14 offers, Citibank came up with 5, HSBC (4), Morgan Stanley (2), Deutsche Bank (2), DBS (1) and Standard Chartered (1). The process also saw the participation of Visa and American Express for operations and global strategy roles.
Among banks and financial firms, American Express made 8 offers followed by Yes Bank (7), ICICI Bank (6), Visa (3), Axis Bank (2), JM Financial (2), Fullerton (2), Société Générale (2), Aviva (1) and CRISIL (1).
In the strategy consulting domain, apart from the Boston Consulting Group’s 20 offers, Accenture Strategy came up with 14, McKinsey & Co (13), Bain & Company (10), Deloitte (10) and AT Kearney (9).
More than 30% of the entire batch received offers in the broadly defined consulting sector, which included reputed names like EXL Consulting (10), Alvarez & Marsal (5), Roland Berger (4) and Strategy& (3).
Other prominent recruiters in the consulting space were KPMG (7), PricewaterhouseCoopers (5), Nomura Research Institute (2), PwC Diamond Consulting (2) and Ernst & Young (1).
Conglomerates recruited in large numbers for their leadership tracks and general management positions with the Aditya Birla Group leading with 10 offers, followed by Wipro Global (7), Bharti Airtel (6), Jindal (5), CK Birla Group (4), Mahindra Group (4), Tata Administrative Services (3), Reliance Industries (3) and RPG (2).
Many students opted for Sales and Marketing roles and were extended offers by major consumer goods firms led by Anheuser-Busch Inbev with 8 offers. Other leading recruiters in this category were Procter & Gamble (7), Hindustan Unilever (4), ITC (2), Johnson & Johnson (2), Marico (2), Asian Paints (2), Himalaya (2) and Mondelez International (1). M.H. Alshaya, a leading retail chain from the Middle East, recruited 4 students this year.
Prominent recruiters in the technology space included Samsung (5), Tech Mahindra (4), Microsoft (3), WNS (3), Directi (2), Sterlite Technologies (2), Microland (2), Sasken (1), UnitedHealth Group (1), Schneider Electric (1), Phillips (1), Robert Bosch (1), Honeywell (1) and Sutherland Global (1). In IT consulting, all prominent recruiters like Capgemini (5), IBM Consulting (2) and Cognizant Business Consulting (1) recruited from the IIMB campus.
The eCommerce space saw lesser interest compared to last year, with Amazon leading with 12 offers. Other prominent eCommerce recruiters included Ola Cabs (3), Paytm (3), Myntra (2), Cloudtail (1), Swiggy (1) and Uber (1). The healthcare sector saw offers from Dr Reddy’s (3), while the real estate sector had offers extended by Nitesh Estates (3) and Altisource Ocwen (2). Analytics recruiters were Mu Sigma (1) and Bridgei2i (1).
New recruiters visiting the IIMB campus hired in large numbers, led by Sprinklr making 6 offers followed by Sterlite Power (5), BNY Mellon (4), Power Finance (4), Vedanta (4), Stovekraft (3), Hay Group (3), Gulf Talent (3), Tolaram (3), Intellipaat (3), Indian Oil (3), Ambuja Cement (2), Amplus Solar (2), Saint Gobain (2), Pernod Ricard (1), Cello (1) and Danaher (1).
IIM Bangalore’s PGP has been ranked 19th in the Financial Times Global Masters in Management 2016 Ranking. It is also the only management school in India to lead in school diversity with 28% women in the two-year programme, 21% women faculty and 25% of women on the school advisory board.
