IIM Bangalore Placement 2021: Average Salary up by 10.7%; 431 Students get 481 Offers; Accenture, Amazon, Bain & Co emerge as Top Recruiters

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MBAUniverse.com News Desk |
August 17, 2021
IIM Bangalore concluded final placement for the class 2021 in two days for the large batch of 431 students with 10.7 percent rise in average salary. 431 participating students received 481 offers from marquee companies in IIMB Placement 2021. Consulting emerged as the top recruiting segment with 165 offers. IIM Bangalore conducted the placement process virtually and has released the salary data after a few months of completing its placement 2021
IIM Bangalore Placement 2021

IIM Bangalore Placement 2021 witnessed higher salary packages than last year with a rise of 10.7% in average salary for the large batch of students. 481 offers were rolled out for 431 participating students by 120 marquee companies.

The Placement season at IIM Bangalore got over with 100% placement in two days with consulting companies emerging as top recruiters making 165 placement offers. Accenture emerged as the top recruiter with 45 offers followed by Bain and Company with 24 offers. Placement 2021 at IIM Bangalore included both Lateral and Final Placements for the PGP class of 2021.

On the successful completion of Placements 2021, Professor U Dinesh Kumar, Chairperson, Career Development Services, IIM Bangalore, said, “Our students have done remarkably well. They have been recruited by reputed companies despite COVID-19 disruptions.” 

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IIM Bangalore Placement 2021: Highlights
IIM Bangalore conducted final placement 2021 virtually for the PGP 2019-21 batch, both for recruiters and students in view of the Covid-19 pandemic situation. Key highlights in IIM Bangalore Placements 2021 are

  • Average Domestic Salary has gone up at Rs.28.98 LPA from Rs.26.18 LPA last year
  • Median salary has gone up at Rs.28.60 LPA in 2021 from Rs.25 LPA last year
  • Large Batch Size of 440 students
  • 9 Students Opted out of placement process
  • 120 Recruiters participated in Placement 2021 at IIM Bangalore
  • 481 offers were made to 431 students in Placement 2021
  • 193 PPOs were made to the students
  • 160 PPOs were accepted by the students
  • 8 Overseas Offers were made
  • 110 Lateral Placement Offers Made
  • 98 Lateral Placement Offers were accepted
  • Placement 2021 got over in 2 days with 100% placement offers
  • With 165 offers, Consulting sector emerged as top recruiting area. Accenture was the top recruiter with 45 offers

IIM Bangalore students received placement offers both from domestic and foreign companies for domestic and international placements like in previous years. Tapas Ranjan Pati, Manager, Career Development Services, IIM Bangalore, said: “Companies from overseas locations like Amsterdam, Dubai and Singapore made offers across Consulting, Finance, International Trading, and Business Strategy.”

Key Trends in Placement 2021
This year the placement process witnessed the participation of 431 students at IIM Bangalore. See key trends in placement offers during last five years at IIM Bangalore:

IIM Bangalore Placement year
Number of students participating in placement
Number of placement offers made by companies
Placement 2021
431
481
Placement 2020
432
518
Placement 2019
488
411
Placement 2018
462
420
Placement 2017
450
411

Source: MBAUniverse.com Research & Analysis

IIM Bangalore Placement Salary Data
Apart from consistently achieving 100% placements in a short time of two days, the placement compensation packages at IIM Bangalore are on the rise year after year. The placement 2021 salary data as released by IIM Bangalore after completion of audit are shared below with past placement trends

IIM Bangalore Placement Year
Placement 2021
Placement 2020
Placement 2019
Average Salary (Domestic)
Rs.28,98,000
Rs.26,18,000
Rs.24,54,000
Average Salary (International)
----
Rs.32,10,000
Rs.62.30,000
Median Salary (Domestic)
Rs.28,60,000
Rs.25,00,000
Rs.23,00,000
Median Salary (International)
--
Rs.26,00,000
Rs.62,00,000

Source: IIM Bangalore Placement Reports

Top Recruiters
Out of 120 marquee companies, top recruiters with number of offers made in IIMB Placement 2021 include:

Recruiting Company
No. of Offers Made
Accenture
41
Amazon
28
Bain & Company
24
Goldman Sachs
22
McKinsey & Co
18
The Boston Consulting Group
13
Microsoft
12
Paytm
11
Kearney
  9
Vedanta Ltd
  9
KPMG
  8
RPG Group
  8
Navi Technologies
 8
TCS
 6

193 PPOs made to Students
Companies offered 193 Pre Placement offers to the students. Out of them 160 PPOs were accepted by the IIM Bangalore students. Top PPO offering companies with number of PPOs made are detailed below

Top Company Making PPOs
Number of PPOs made to students
Bain & Company
15
Goldman Sachs
11
Amazon
10
McKinsey & Company
10
Accenture Strategy
9
The Boston Consulting Group
8
Microsoft
6
Kearney
6
Procter & Gamble
5

Apart from the above, many other companies made pre placement offers in the range of one to four PPOs

Sectoral Placement at IIM Bangalore
IIM Bangalore students of class 2021 were recruited broadly in Consulting, Finance, IT, E-commerce, Sales & Marketing, General Management, Analytics and Operations areas. Consulting like last year has again emerged as the largest recruiting sector with 165 offers. Harshit Verma, Student Placement Representative, said, “Strategy Consulting and Product Management continue to be the most sought-after roles, followed by Finance.” Detailed analysis of Sectoral placement 2021 at IIM Bangalore is shared below.

Sector
Percentage of IIMB students placed
Consulting
36 %
IT/Product Management
17 %
Finance
14 %
e-Commerce
11 %
Sales & Marketing
  9 %
General Management
  9 %
Business Analytics
  3 %
Operations
  1 %

Consulting: Biggest Recruiting Domain with 165 Offers
Consulting companies emerged as the top recruiting sector in IIM Bangalore placement 2021.

Consulting Company
No. of offers made
Accenture
41
Bain & Company
24
McKinsey & Company
18
Boston Consulting Group
13
PricewaterhouseCoopers
10
Kearney
  9
KPMG
  8
Tata Consultancy Services
  6
Ernst & Young
  5
Alvarez & Marsal
  4
Arthur D. Little; IBM Consulting; Strategy& 
  4 each
Deloitte
  3
Auctus Advisors; Infosys Consulting 
  2 each
Miebach Consulting; Oliver Wyman
 1 each

IT Sector: 78 Offers
Prominent recruiters in the information technology domain with number of offers are

IT Sector Company
No. of offers made
Microsoft
12
Browserstack
  6
Ola
  6
Byju’s;  UHG Optum
  5 each
Adobe; Infoedge; Oracle; Razorpay;Sprinklr
  3 each
Amagi Labs; AppDynamics;  Atlassian
  2 each
Cisco; Tech Mahindra
  1 each
Others
 21

Finance: 67 Offers
IIM Bangalore students received 67 offers in Finance domain. Top recruiters in this domain include:

Finance Domain Company
No. of Offers
Goldman Sachs
22
Kotak Mahindra
  6
Avendus Capital; Citibank
  5 each
Wells Fargo
  4
Blackstone; Deutsche Bank; Axis Bank; Bank of America; Barclays
  2 each
JP Morgan
  1
Others
 14

E-Commerce: 55 Offers
In e-commerce space, all the leading companies made lucrative offers to IIM Bangalore students:

E-Commerce company
No. of offers made
Amazon
34
Paytm
11
Flipkart
  6
Myntra
  3
Cloudtail
1

Sales & Marketing: 50 Offers
Major consumer companies rolled out 50 offers to IIM Bangalore students. Top recruiters in this domain with number of offers include:

Companies
No. of offers
Dr Reddy’s Laboratories
5
Procter & Gamble
5
Samsung
4
ITC
4
Anheuser-Busch InBev; Asian Paints; Lenovo; Pidilite; HUL 
2 each
Colgate Palmolive; Johnson & Johnson; L’Oreal; Wipro Consumer Care
1 each
Others
17

General Management: 47 Offers
General Management roles and leadership positions witnessed 47 offers from conglomerates, startups, and other companies. Top recruiters in this domain are

Companies
No. of Offers
RPG Group
10
Vedanta
  8
Reliance
  5
Capgemini;  Navi Technologies
  3 each
ABG; Adani Group; CK Birla Group; Machani Group; Tata Administrative Services; Tata Sky; Samsung R&D
  2 each
Mahindra & Mahindra;  HCL, Micron; ReNew Power
 1 each

Analytics: 10 Offers
Ten offers were made by marquee companies in analytics sector to IIM Bangalore students. Key recruiters are:

Comapanies
No. of offers
American Express
 6
EXL
 2
Target Corporation
 2

Operations: 9 Offers
Some of the top recruiters offered roles in Operations. They include:

Genpact
5
WNS Global services
3
Natwest Group
1

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. IIMB has been re-accredited by European Quality Improvement System (EQUIS).

IIM Bangalore 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.

The industry reinstated its faith in IIM Bangalore as past recruiters along with new recruiters took part in the placement process 2021. 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.

Stay tuned to MBAUniverse.com for more updates on IIM Bangalore  

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