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Our Bureau

Bangalore, Nov. 17 Summer placements at the Indian Institute of Management, Bangalore, which concluded on Saturday, seem to have dispelled fears of a gloomy placement period for management students in the coming months.

Overall, 24 per cent of the batch of 268 students accepted positions in consulting firms cutting across finance, strategy and marketing functions. McKinsey and Co was the single largest consulting sector recruiter taking five students.

Finance companies that were expected to lie low have offered positions to 21 per cent of the students, investment banks 20 per cent, marketing firms 13 per cent, general management 13 per cent and others 5 per cent.

Student media representatives told media persons here today that 85 students had accepted international offers for summer placements, the highest number among all IIMs.

More than 110 companies visited the campus this year for the summer placements. Last year, about 65 companies came calling for summer internships at IIM-B.

“Times have been tough for finance companies, that’s why we planned to get a larger number of companies to make offers this year,” said Prof Saurav Mukherjee, Chairperson, Placements, at the Institute.

This year has also seen international companies such as Booz & Co, Oliver Wyman, Result, Alvarez & Marsal, Bank Muscat, UAE Exchange and Morgan Stanley Infrastructure visiting the campus for the first time.

More Stories on : Employment | Management | Karnataka

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