IIM-B Witnesses 100% Jump of Visiting Firms During Lateral Placements Session

Bangalore: This year, the number of visiting companies at Indian Institute of Management Bangalore (IIM-B) during the lateral placements has increased by 100%, compared with 2010, according to a statement issued by the institute. Also, the number of students accepting offers increased by 70% year-on-year.

As per sources, the management consulting firms dominated the lateral placements with more than 55% of the offers. While Deloitte was a clear favourite with 13 acceptances, Infosys Consulting had 11 acceptances. Other firms with management consulting positions were Accenture, Ernst & Young, PwC, Virtusa, Cognizant Business Consulting and Wipro. Infosys Consulting, ZS Associates and Siemens showed a clear preference for IIM-B as they did not visit other IIMs.

Furthermore, sources also informed that the lateral placements from financial Services increased this year too with Yes Bank and Chrys Capital being the largest recruiters. A Dutch bank offered a student an international assignment as well. Around 15% of the lateral offers were made in the general management sector that included multiple offers by the Aditya Birla Group, the Hinduja group, Philips, Schneider and the Adani Group. Companies like HCL, Indus Valley Partners, InfoEdge, McAfee, Microsoft and NetApp offered product management profiles.

For the batch of 2011 the final placement session is going to commence from March 5, 2011. It is expected that more than 100 companies are likely to roll out offers to 348 students. Around 16 have opted out of the placement process to pursue entrepreneurial ventures.