Banks, venture capital firms dominate IIMB final placements

Big global banks, private equity/venture capital firms dominate Indian Institute of Management Bangalore’s (IIMB) final placement season for the PGP Class of 2014-16.

Banks like Goldman Sachs, Bank of America Merrill Lynch, Deutsche Bank, Citibank were active on the first-day of the final Placements with Goldman Sachs making 14 offers.

The process also saw active participation of Avendus Capital and American Express. Private Equity/Venture Capital roles by India Value Funds were offered to the students.

A host of Indian banks and financial institutions such as Kotak Investment Bank, ICICI Securities, ICICI Prudential, Yes Bank, Axis Bank made offers during the Placement process, with ICICI leading the pack with 11 offers.

Following the banks, the consulting companies also came up with offers. Firms like Bain & Co (17 offers), Accenture Strategy (16), Deloitte (14), The Boston Consulting Group (13), A T Kearney (11) and McKinsey & Co (8) were the top recruiters this year.

More than 30 per cent of the entire batch received offers in the consulting sector, which also included reputed names like Strategy&, Roland Berger, Alvarez & Marsal and GEP Consulting. Other prominent recruiters in this space were ZS, EXL, KPMG and PricewaterhouseCoopers.

Commenting on placements, Professor Ganesh N Prabhu, Chairperson, Career Development Services, IIM Bangalore, said “Even though there was a slight dip in e-commerce hiring, the consulting firms hired in larger numbers and helped accelerate the placements.”

This year the placement process witnessed the participation of 409 eligible students. Five students opted out of the placement process. Around 160 plus companies that participated in the IIMB placement offered more than 450 slots across 200 plus job profiles.

There were as many as 139 pre-placement offers extended to the students before the start of the final placements based on their performance during the Summer Internship.

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