At IIM-A, put together, financial services jobs accounted for almost 45% of jobs accepted. Consulting sector lured a high 31% of IIM-A graduates. Some of the major recruiter from the sector included Goldman Sachs, Lehman Brothers, Morgan Stanley, JP Morgan, Merrill Lynch amongst others. Twelve students choose to join private equity players like Carlyle Group.
At IIM-C, a large 34% of the batch opted for jobs in the financial sector.
Consulting firms were the next most preferred by 26%. Notable recruiters in the finance domain include UBS, ING, JP Morgan, Merrill Lynch amongst others.
At Indian Institute of Management, Bangalore (IIM-B), Finance and Banking jobs accounted for 40% of the batch placements. Coveted Consulting sector had 37% of IIM-B grads accept offers. McKinsey & Co, Boston Consulting Group, Bain & Co were some of the top recruiters in the consulting sector on the IIM-B campus. In fact McKinsey & Co recruited a whopping 15 graduates from IIM B campus. BCG recruited 11 graduates.
The trends changes a bit as we analyze trends lower down the order of top B-schools. Marketing jobs begin to find takers. At Indian Institute of Management, Lucknow (IIM-L), 31% of graduates opted for Finance domain jobs, 23% for Consulting jobs and 18% from Sales and marketing. Again at IIM-K, Finance jobs were accepted by 36 % graduates, 25% of graduates accepted consulting jobs and marketing jobs were take-up by 22 % of students.
What are the trends at other top B-schools like FMS Delhi, JBIMS, XLRI and MDI. At XLRI, 31% of the graduating class took to Finance sector, 21% consulting and 23% marketing. At Delhi based Faculty of Management studies, a high 52 % of graduates took up jobs in Finance sector. Marketing came next with 26% students choosing it. Consulting attracted 16 % of FMS graduates.
Wall Street, Consultants lure top grads
|
Institutes
|
Finance & Banking (%)
|
Consulting (%)
|
Marketing (%)
|
|
IIM A
IIM B
IIM C
|
45
40
34
|
31
37
26
|
6
7
NA
|
|
IIM L
IIM K
IIM I
|
31
36
48
|
23
25
13
|
18
22
20
|
|
FMS
MDI
XLRI
|
52
42
31
|
16
6
21
|
26
16
23
|
In retrospect, this February, given the backdrop of sub-prime crisis and slowing down of US economy, with so many graduates from top campuses wanting to join the coveted financial sectors, placement teams and graduates were a worried lot. However, top global finance firms kept their promises.
Says IIM-A, “Despite the grim situation in international financial markets, a total of 113 students out of 255 will be joining the financial sector this year. At the time when many banks have imposed a ‘hiring freeze’ on their international recruitments, students from IIM-A have been preferred over students from other B-schools from around the world.”
Comments IIM-B, “The final placement process at IIM-B has set new benchmarks for the Indian MBA graduates. This year leading global consulting firms flocked down to IIM-B making a beeline for the students along with global investment banks and marketing firms.”
There are several other interesting trends and analysis emerging from the placement report. More details from the report will be published on MBAUnivese.com soon.
India’s leading management portal MBAUniverse.com surveyed the Placement Results at 20 leading management institutes to prepare its MBA Placement Report 2008. The institutes that are part of this analysis include six IIMs, Indian School of Business (ISB), Indian Institute of Technology (IIT) Business schools, Xavier Labour and Relations Institute, Jamshedpur (XLRI), Management Development Institute (MDI), Gurgaon, Faculty of Management Studies (FMS), University of Delhi, S.P. Jain Institute of Management & Research (SPJIMR), Mumbai and other top schools.
