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As they were last year, consulting firms continued to be top-drawer recruiters of talent from IIMs and other B-schools this year as well.
Consulting firms made a total of 160 offers to the graduating batch of IIM Bangalore — 133 in management consulting and 27 in tech consulting — which was around 35 per cent of the 462 offers made to the 420 students in the batch. Last year, the offers from consulting firms stood at 30 per cent.
Deloitte USI made the most offers, at 18, while The Boston Consulting Group (BCG) made 17; AT Kearney: 16 and Accenture Strategy: 16. McKinsey & Co and Bain & Co made 11 offers each.
There were 73 offers in the banking and finance sector, the next largest hirer.
At India’s premier B-school, IIM Ahmedabad, Accenture Strategy made the highest number of offers (17 – including pre-placements), closely followed by BCG, with 15 offers in Cluster 1 of the placements.
Mumbai-based SPJIMR, among the top 10 B-schools, announced a 30 per cent jump in the number of participants placed with marquee consulting firms in the final placement process, compared with placements last year. The increase came alongside a rise in the annual average salary of the batch to ₹22.24 lakh, capping a season in which the interviews and offer processes were completed in record time.
Top consulting firms, including BCG, Siemens Management Consulting, Bristlecone, GEP, Deloitte, PwC India–SDC, KPMG, EY, IBM, and Accenture Technologies picked up 35 per cent of the batch.
Sought-after jobs
Professor Ganesh Prabhu, Chairperson, Career Development Services, IIM-B, said that almost all the offers from consulting firms were accepted as consulting is the most sought-after sector among students across IIMs, after investment banking/private equity/venture capital, which make fewer offers.
“Consulting companies typically hire freshers and those with very low experience. They also recruit those with more consulting or investment banking experience, if any. Those with high experience but not in consulting or investment banking are typically not considered unless they have done exceptionally well in the programme,” says Prof Prabhu.
Suresh Subudhi, Partner and Head of Recruitment, BCG, says the firm hired 50 per cent more than last year across undergraduate and B-schools. “Consulting has been one of the top recruiters across campuses this year. Since it offers wide exposure and gives candidates a broader perspective across industries and functions, it makes this domain a preferred choice among candidates.”
“With a dynamic environment, the expertise we offer our clients across functions makes consulting a rapidly growing industry,” he added.
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