With more than 160 companies participating and making more than 450 offers across 200 job profiles, IIM Bangalore has successfully concluded the final placement 2016 for the PGP 2014-16 class with 100% placement for a batch of 409 students. Consulting emerged as major recruiting sector contributing 30% of total offers made in the final placement 2016 at IIM Bangalore. The Final Placement season at IIM Bangalore concluded successfully within 5 interview slots of half a day each.
Indian Institute of Management Bangalore (IIMB) witnessed the participation of the top recruiters across all sectors in the Final Placement season for the PGP class of 2014-16.
More offers from more recruiters with higher packages stole the show. Consulting, Financial Services and E-Commerce Firms made large number of offers in the placement at IIM Bangalore.
The industry reinstated its faith in IIM Bangalore as past recruiters along with more new recruiters took part in the placement process 2016. The unique feature in the process was the diversity of profiles offered to the students which gave them a good choice in terms of industry and the role.
Key Trends in placement 2016
This year the placement process witnessed the participation of 409 eligible students, 11 more than last year. 5 students opted out of the Placement Process.
More recruiters with more offers
Number of recruiters in final placement 2016 at IIM Bangalore has increased to 160+ from 150 last year. More than 160 recruiters participated in the Final Placements 2016 at IIM Bangalore. More than 450 offers across 200 profiles were made to 409 students participating in the placement process 2016.
More PPOs
Pre Placement Offers extended to the students before the start of the Final Placements based on their performance during the Summer Internship have increased to 139 in 2016 from 134 last year.
High Lateral Placement
The Lateral Placement season for candidates with more than 22 months of work experience saw a total of 136 offers being made by firms in varied domains like Consulting, Business Leadership, Product Management, Operations, Category Management, and General Management.
International Placement
About 18 students were offered international placements from various firms for global locations. Two students had foregone their Pre Placement Offers, which included an offer from a leading multinational financial services corporation, to continue on their entrepreneurial venture.
Top National & International Recruiters
IIM Bangalore played host to most big international banks such as Goldman Sachs, Bank of America Merrill Lynch, Deutsche Bank, Citibank on the first day of the Final Placements with Goldman Sachs making 14 offers. The process also saw the participation of Avendus Capital and American Express.
Private Equity/Venture Capital roles by India Value Funds were offered to the students. A host of Indian banks and financial institutions such as Kotak Investment Bank, ICICI Securities, ICICI Prudential, Yes Bank, Axis Bank made offers during the Placement process, with ICICI leading the pack with 11 offers.
Consulting: the biggest recruiting sector
More than 30% of the entire batch received offers in the consulting sector. In the Consulting domain, Bain & Company (17 offers), Accenture Strategy (16), Deloitte (14), The Boston Consulting Group (13), A T Kearney (11) and McKinsey & Co (8) were the top recruiters this year.
Reputed names like Strategy&, Roland Berger, Alvarez & Marsal and GEP Consulting also hired from IIM Bangalore this time. Other prominent recruiters in this space were ZS, EXL, KPMG and PricewaterhouseCoopers.
More offers from Conglomerates
Conglomerates such as Aditya Birla Group (11), Tata Administrative Services (TAS), Reliance Industries Ltd, Mahindra Group, CK Birla, Larsen & Toubro, Future Group, Siemens and General Electric recruited in significant numbers for leadership and general management roles.
Sales & Marketing also attracted students
Many students also chose to go to Sales and Marketing functions, and were extended offers by major consumer goods and services firms. The major recruiter in this category was P&G with 7 offers and the other recruiters included Hindustan Unilever, ITC, Mondelez International, Coca Cola, PepsiCo, Johnson & Johnson, Marico and Asian Paints. Telecom majors Vodafone and Bharti Airtel also made a number of offers in this domain. The major retail firm from Middle East – Alshaya recruited 9 students this year.
Technology: Good offers
Prominent recruiters in the technology space included Microsoft, Samsung and Infosys. In the IT consulting domain, all prominent recruiters like IBM and Capgemini recruited from the campus.
More offers in E-commerce
The E-Commerce space saw heightened interest with Amazon and Flipkart making 16 and 11 offers respectively. Other prominent E-Commerce recruiters included Uber, Ola Cabs, Paytm, Urban Ladder, AskmeBazaar, Hopscotch, and CarTrade.
Sharing his views on successful placement season 2016, Professor Ganesh N Prabhu, Chairperson, Career Development Services, IIM Bangalore, said: “Even though there was a slight dip in e-commerce hiring, the consulting firms hired in larger numbers and helped accelerate the placements.”
Krishna M, Placement Representative at IIM Bangalore shared “In addition to the continued interest shown by traditional recruiters, we also saw close to 25% first time recruiters who hired in good numbers. Further, the increased efforts put in by students resulted in them getting their preferred jobs.”
IIM Bangalore is an autonomous, standalone management school and not part of any university. It was established in 1973 by the Government of India through the creation of an IIMB Society which is the legal entity behind the institution. The school works within the national policy guidelines established by the Ministry of Human Resource Development, Government of India. It is amongst the top management schools in India and Asia according to several rankings. MBAUniverse.com has ranked IIM Bangalore among top 3 B schools in the country. In 2013, IIMB was re-accredited by European Quality Improvement System (EQUIS).
IIMB is the first B-School in Asia to sign an agreement with Harvard Business Publishing (HBP) to distribute faculty teaching cases. IIMB has also entered into a partnership with Richard Ivey School of
Business to co-brand and distribute faculty-authored cases globally.
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