IIM Bangalore has scripted another successful placement session with its 513 students, who had appeared for placements being placed over two interview days, getting 662 offers.
“IIMB witnessed yet another successful placement season with increase in offers across all sectors, capitalizing on favourable market conditions. Overall, there has been a 37% increase in the number of offers YoY, driven primarily by Consulting and Product Management roles. Strategy Consulting continued to be the most sought-after role among the students, followed by Product Management and Finance,” the institute said in a press release.
As per the release, consulting companies made 248 offers led by Accenture with 51 offers, followed by Boston Consulting Group with 30 offers. Top recruiters included Kearney (27), Bain & Company (26), McKinsey & Company (22), Ernst & Young (9), PricewaterhouseCoopers (9), Tata Consultancy Services (9), Alvarez & Marsal (7), Arthur D. Little (7), Deloitte (5), Infosys Consulting (5), KPMG (5), Strategy& (5), Auctus Advisors (4), Oliver Wyman (4), IBM Consulting (2), and EY-Parthenon Singapore (2). Other consulting firms extended 19 offers.
It further said, some of the prominent recruiters in the Information Technology and Product Management domain, who made 141 offers are Microsoft (15), OYO (11) and Google (6). Besides, other companies in the IT/Product Management domain rolled out 40 offers. The 65 offers made in the fast-growing E-commerce space included Amazon (37), Paytm (16), Flipkart (6), and Myntra (6).
There were 71 offers overall in the Finance domain. Among banks, Goldman Sachs made the maximum of 22 offers followed by Avendus Capital (7), Citi Bank (5), Deutsche Bank (5), Rothschild (2), Premji Invest (2), Blackstone (1) and CDC Group (1). Other recruiters also included Kotak Mahindra (5), Axis Bank (3), Lincoln International (2), Bank of America (1), Barclays (1), and 14 offers from leading financial institutions.
“The hiring cautiousness, exhibited earlier by recruiters during the pandemic, seems to have transformed into a new wave of optimism, enthusiasm and a growth mindset for organizations across all industries and sectors. This has resulted in all the students of IIMB being placed by end of Day 1 of the placement week. The entirely virtual process was seamlessly managed and it is indeed gratifying to see this stupendous success,” IIMB said in the release.
Professor U. Dinesh Kumar, Chairperson, Career Development Services, IIM Bangalore, said, “We placed largest batch at IIMB within a shortest time. I wish we had more students to supply to the market which is looking for high quality talent.”