Bangalore: Indian Institute of Management-Bangalore (IIM-B) has witnessed the beeline of numerous global firms enthusiastic to recruit the IIM-B graduates, this season. Global firms in investment banking, consulting, marketing and management participated in the hiring spree, which also indicates a revival of the world economy. Total of 90 students accepted offers in slot zero, which clearly states an increase of 41 percent over the last year.
Pankaj Chandra, IIM-B Director, told reporters that the entire batch of 270 postgraduate students passing out this academic year has been placed in five days, with global firms contending for the best and the brightest grads in the country. Mr Chadra also mentioned that lateral placements were also at an all-time high owing to the higher degree of work experience amongst the current batch. Moreover, this was in stark contrast to last year, when the B-school campus hiring had to be stretched to 11 days to place its batch of 260 grads.
As per sources, the most important among the hiring pack of 120 firms to the B-school campuses were international accounting and consulting firm Deloitte, with maximum offers of 10, followed by McKinsey and Boston Consulting Group making nine offers each on day one for slot zero placements. However, the focus was more on traditional sectors such as banking, consulting, marketing and general management, emerging sectors like healthcare and energy offered several high-level positions. The banking and financial services sector was the largest recruiter, with 27 percent of the offers, followed by consulting (22 percent), IT and Systems (20 percent), marketing (12 percent), and general management (nine percent).
Further, other recruiters were Bain and Co, Booz and Co, A.T. Kearney, Diamond Consulting, Alvarez and Marsal, Nomura and Temasek Holdings. P and G, ITC and American Express made six offers each. Amongst the 15 first-time recruiters, Narayana Hrudayalaya, the city-based healthcare group, offered senior level positions to six students. Private Equity (PE) firms, emerging sectors and state-run public sector undertakings (PSUs) snapped up the remaining grads. Several companies, including Nomura, Temasek, P and G, Enzen, Arvin Meritor and UAE Exchange offered international positions.
