Investment bankers, consulting firms are top recruiters at IIM-B

The lateral and final placements for the PG class of 2016-18 of the Indian Institute of Management-Bangalore (IIM-B) saw 420 students receiving 462 offers from over 140 companies in India and abroad across all business sectors.

‘More offers’

Professor Ganesh N Prabhu, Chairperson, Career Development Services, IIM Bangalore, said: “Many sought-after recruiters surprised us by making many more offers than they had initially indicated and helped us complete our placements earlier than estimated.”

“IIM-B experienced higher hiring interest in the more sought-after roles of investment banking and strategy consulting leading to more offers while the numbers were as usual in the other roles,” said Dibyajyoti Mohapatra, Placement Representative, IIM-B. Some of the companies that made job offers include:

Banking

IIM-B played host to most leading global banks on the first day of the final placements, with Goldman Sachs making the maximum of nine offers. Other offers were from Deutsche Bank (6), Citibank (3), HSBC (3), JP Morgan (1), Blackstone (1) and Standard Chartered (1). Investment firms included Ambit Capital (1), Arpwood Capital (1), Myntra (1), o3 Securities (1) and Sabre Partners (1). Eight Capital, a hedge fund, recruited at IIM-B for the first time.

Among banks and financial firms, ICICI Bank made the maximum of nine offers. Others included Yes Bank (6), Kotak (5) and National Housing Bank (2). Financial Services recruiters included Anand Rathi Wealth Management (5), Bajaj Finserve (4), Altisource (1), BNY Mellon (1) and Piramal Finance (1). Corporate Finance roles were offered by Bharti Airtel (2), Flipkart (2), Hindustan Unilever (2), Reliance Treasury (2) and Procter & Gamble (1).

Consulting

In the consulting domain, Deloitte US led with 18 offers, followed by The Boston Consulting Group with 17 offers. Others included AT Kearney (16), Accenture Strategy (14), McKinsey & Co (11), Bain & Company (11), Strategy& (6), EY-Parthenon Singapore (5), Nomura Research Institute (5), Deloitte India (4), Ernst & Young (4), GEP Consulting (4), Alvarez & Marsal (3), EXL Consulting (3), Infosys Management Consulting (3), KPMG (3), EY-Parthenon Dubai (2), Feedback Infra (2), Roland Berger (2), Zinnov (2), Actus Advisors (1), Bay Current (1), Hay Group (1), IBM Consulting (1), Parthenon India (1), Renew Power (1) and Siemens Management Consulting (1). About 34 per cent of the batch received offers in management consulting sector.

[“Source-thehindubusinessline”]