IIMB Placement Season 2014 sees an accelerated closure

This year the placement process witnessed the participation of 388 eligible students.

February 17, 2014 5:56 IST | India Infoline News Service
The Final Placement season for the PGP class of 2012-14 of the Indian Institute of Management Bangalore (IIMB) witnessed the participation of the top recruiters across all sectors with renewed vigor and was concluded within a record time of 8 sessions spread across 4 days.
This year the placement process witnessed the participation of 388 eligible students. Two students opted out of the Placement Process – one for pursuing research in management, and the other for pursuing opportunities with his previous employer. As many as 150+ companies participated and made more than 425 offers across 200+ profiles. The Pre-Placement Offers poured in aplenty with 117 students receiving offers before the start of the Final Placements, which is 20% higher than the last year. The Lateral Placement season for candidates with more than 22 months of work experience broke all the previous records with 127 offers been made by firms in varied domains like strategy, leadership, product management, consulting and general management. 41 students were offered international placements from various firms for global locations. 9 candidates chose to join Social Ventures in the Final Placements.
IIMB played host to most bulge-bracket international banks such as the Goldman Sachs, HSBC, JP Morgan, Nomura, Bank of America Merrill Lynch, Royal Bank of Scotland, Deutsche Bank, Citibank, and Standard Chartered on the first day of the Final Placements. The process also saw the participation of Avendus Capital and American Express. The premier private equity firm, the Blackstone Group (London) and Germany based Incubator Rocket Internet hired exclusively from IIM Bangalore offering international roles. A host of Indian banks and financial institutions such as Kotak Mahindra Group, ICICI Bank, HDFC Bank, Axis Bank, and Edelweiss also made offers during the Placement process.
In the consulting domain, McKinsey & Company and the Boston Consulting Group made 11 offers each. Accenture Management Consulting with 13 offers was the top recruiter in this segment this year. About 27% of the entire batch received offers in the consulting sector, which also included reputed names like Bain & Company, Booz & Company, A T Kearney, and Roland Berger. Another prominent recruiter in this space was EXL. KPMG and PricewaterhouseCoopers also recruited from the campus.
Conglomerates such as Aditya Birla Group, Tata Administrative Services (TAS), Reliance Industries Ltd, Mahindra Group, CK Birla, Larsen & Toubro, Siemens and General Electric recruited in significant numbers for leadership and general management roles.
Many students also chose to go to Sales and Marketing functions, and were extended offers by major consumer goods and services firms. Procter & Gamble made five offers based out of Singapore and India. Other major recruiters who offered Sales and Marketing roles to students were Hindustan Unilever, ITC, Mondelez International, Coca Cola, PepsiCo, Reckitt Benckiser, 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 - also recruited in good numbers this year.
Amazon and Samsung made 11 offers each leading the charge of the Technology space. Microsoft, Google and Infosys were the other major recruiters in this sector. LinkedIn hired for the first time and exclusively from IIM Bangalore. In the IT consulting domain, all prominent recruiters like Cognizant, IBM and Capgemini visited the campus. Flipkart, Yepme and Jabong registered the presence of e-Commerce.
Commenting on the occasion, Professor Sankarshan Basu, Chairperson, Career Development Services, IIM Bangalore said "Like every year, the 2014 Final Placements was well received and supported by all participating organisations. The entire process was smooth and organised given the large number of companies participating each day. We are thankful to all recruiters once again for reposing their faith in IIMB and recruiting in large numbers for significant roles in India and abroad."

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