& Apply MBA admissions
- B-School Directory
- B-School Ranking
- Agribusiness management
- Ahmedabad MBA
- Bangalore MBA
- Bhubaneswar MBA
- BFSI MBA
- Chennai MBA
- Cochin MBA
- Coimbatore MBA
- Delhi MBA
- Delhi / NCR MBA
- Distance MBA
- Family Business MBA
- Hyderabad MBA
- Infrastructure MBA
- Kolkata MBA
- Mumbai MBA
- Pune MBA
- Retail MBA
- University MBA
- GD / WAT / PI
- MBA Forum You and your peers
Raise Your Opinion @ FORUM
MBA Exam Calender
Know the books which are absolute must haves for your study table while you are preparing for CAT 2013. This section will give you the information on the highlights of the book, author and publication. ...more
Placement 2013: IIM-B average package @Rs 17.3 lakh
| 14 May 2013 0143 IST
Indian Institute of Management (IIM) Bangalore passing out PGP batch of 2013 has fetched an average annual salary of Rs 17.30 lakh per annum.
While the average salary offered to IIM - B passing out batch of flagship Post Graduate Programme was 17.30 lakhs per annum, median salary stood at Rs 16.50 lakhs per annum
Indian Institute of Management (IIM) Bangalore passing-out PGP batch of 2013 has fetched an average annual salary of Rs 17.30 lakh per annum. Some of the top recruiters at the campus this year include RIL, HCL, Aditya Birla Group and Tata Administrative Services (TAS), Cisco, Mahindra Group, Hinduja Group, Kotak Mahindra Bank, Cipla, DTDC, Ranbaxy, Bank of America, Citibank, Deutsche Bank, Goldman Sachs, Royal Bank of Scotland, Standard Chartered, HSBC amongst many other prestigious firms. According to the premier institute, while the mean of the salary offered to its students of flagship Post Graduate Programme was 17.30 lakhs per annum, median salary stood at Rs 16.50 lakhs per annum after the conclusion of final placement for the batch of 2013.
The placement office of the IIM-B said that as many as 145 companies participated in the placement process to offer a total of 409 jobs to a batch of 381 students. Out of the total batch strength, a total of 12 students opted out of the placement process.
Some of the top recruiters at the campus include RIL, HCL, Aditya Birla Group and Tata Administrative Services (TAS), Cisco, Mahindra Group, Hinduja Group, Kotak Mahindra Bank, Cipla, DTDC, Ranbaxy, Bank of America, Citibank, Deutsche Bank, Goldman Sachs, Royal Bank of Scotland, Standard Chartered, HSBC amongst many other prestigious firms.
The job offers made at the campus included 213 Final Placement Offers, 97 Pre-placement Offers, 99 Lateral Offers, 21 Overseas Postings (Offers), and 7 Deferred Placements.
The sectors like Consulting and Finance emerged as top favourite at the campus with 28% and 20 % of the batch choosing different roles in the two respective areas.
Another sought after sector was IT and ITeS with 19 % and 4 % of the batch opting for diverse profile in these areas. General Management and Sales & Marketing were opted by 14 % and 13% of the batch respectively.
The Final Placement season witnessed the participation of many conglomerates offering leadership roles to students who will work closely with senior leaders and would be responsible for organizational transformation adapting to dynamic business environments, the institute said.
The candidates selected for Reliance Industries Ltd.-Strategic Services Unit would work towards enabling the Chairman’s Office to guide and set the direction of long term strategy for RIL. HCL Technologies participated with a unique initiative – Entrepreneur@ Residence, under which candidates selected will have a chance to work directly under Mr. Shiv Nadar, Founder & Chairman, HCL. With regular participation of Aditya Birla Group and Tata Administrative Services (TAS), other recruiters who visited campus for leadership programmes were Cisco, Mahindra Group, Hinduja Group, Kotak Mahindra Bank, Cipla, DTDC and Ranbaxy.
IIMB also played host to recruiters from international banks such as the Bank of America, Citibank, Deutsche Bank, Goldman Sachs, Royal Bank of Scotland, Standard Chartered, HSBC and Swiss Investment bank UBS on the first day of Final Placements. The first day also saw participation of Avendus Capital and New York based hedge fund, Arga Investment.
Premier Private Equity firm the Blackstone Group (London) and consulting firms Greenwich and Roland Berger, hired exclusively from IIM Bangalore offering international locations.
In the consulting domain Boston Consulting Group made 12 offers, making the consulting major top recruiter this year. Consulting majors McKinsey, AT Kearney, Bain and Booz along with BCG saw 34 offer acceptances.
Commenting on the placement season 2013, Professor Sankarshan Basu, Chairperson, Career Development Services, IIM Bangalore, said, "The 2013 Final Placements was well received by all organizations. The entire process was smooth and organized given the large size of the batch.”
Many students also chose marketing and sales functions and were extended offers from major consumer goods and services firms. Procter & Gamble made five offers based out of Singapore and India. PepsiCo and Airtel offered international and Indian profiles to students selected. Other major recruiters who offered marketing roles to students were HUL, Nestle, Kraft Foods, Asian Paints, GlaxoSmithKline, L’Oreal and Nokia. Amazon and Microsoft made 11 and 8 offers respectively. In the IT consulting domain, prominent recruiters who visited campus included Cognizant, IBM, Capgemini, Genpact and Glopore IMS among several others.
Stay tuned to MBAUniverse.com for more placement reports from top B-schools.
Discuss & share your views
Most Popular Articles