Final Placements ‘08: PPOs pour in at IIM-B

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MBAUniverse.com News Desk |
July 24, 2016
Catch them young! This seems to be the motif that the various recruiting companies are following when it comes to hiring IIM Bangalore students.

 Coveted companies like McKinsey & Co., Boston Consulting Group (BCG), Goldman Sachs, Lehman Brothers, JP Morgan and Citigroup are going all out to ensure they reserve their candidates in time by making pre-placement offers (PPOs) to several of these students after their first year itself.

IIM Bangalore says that this year it has seen a significant rise in the number of  Pre- Placement Offers (PPOs) made to IIM-B students. PPOs are final placement offers made to the students based on their performance during the summer internship at a company after the first year of MBA.

According to IIM B, all the consulting firms that recruit from IIM Bangalore in Slot Zero includes firms like McKinsey & Co., The Boston Consulting Group (BCG), Bain & Co., A T Kearney and Trilogy have given PPOs to all of the summer interns they hired from the IIM-B campus last year. IIM Bangalore says this remarkable feat is unparalleled across all IIMs.

Mr. Rahul Jain, Principal, BCG believes that the diversity among students of IIM-B is a major contributing factor to this. “We have been associated with IIM Bangalore since the last 7 years and our experience has always been fantastic. The quality and diversity of students is truly exceptional. Our involvement in the summer program for the last 2 years has been very fruitful, with every IIM Bangalore student so far receiving a final offer,” he says. These interns worked with these companies in different locations across the world – San Francisco, Australia, London, Texas, Singapore, Brussels and India.

Investment banks too have made offers for final placements to a large number of interns from IIM-B. Companies like Goldman Sachs, Lehman Brothers, Deutsche Bank, ABN Amro, HSBC, JP Morgan, Merrill Lynch, BNP Paribas, Barclays Capital, Citigroup etc. have all made final offers to their interns who worked across locations like London, New York and the Asia-Pacific.

Marketing companies too have joined the bandwagon with HLL, P&G and Marico offering final positions to the students after the internship.

Companies are increasingly finding the PPO route to final selection more useful as they get to take a closer look at the candidates during the summer internship. “The Summer internship process at A.T. Kearney gives us an opportunity to evaluate interns rigorously and assess fit within the organization. We are very pleased with the summer interns from IIM-B this year and have decided to extend Pre-Placement Offers to them,” says Mr. Vikas Kaushal, Principal, A.T. Kearney.

IIM B says many companies are still in the process of completing the evaluation of candidates and more PPOs could be on way.