BANGALORE: Jobs chase them half way through the course. Most IIM-B Bangalore grads get excellent job offers midway.Presently, recruiting companies are going a step further to ensure they reserve their candidates in time by making pre-placement offers (PPOs) to several of these students after their first year itself.The trend is gaining favour across companies in different sectors. The Student Media Cell of IIM, Bangalore, is getting excellent pre-placement offers (PPOs) from various companies with whom they had done their summer internships at various locations across the world.
All major consultancy firms and investment banks, which together form the most coveted group of recruiters these days, have offered PPOs to IIM Bangalore students.Spokesperson of IIM-B Bangalore said that although PPO as a concept has been known for long but this year has seen a significant rise in the number of offers made to IIM-B students. All the consulting firms that recruit from IIM Bangalore in Slot Zero includes firms like McKinsey & Co., The Boston Consulting Group (BCG), Bain & Co., A T Kearney and Trilogy.
They have given PPOs to all of the summer interns they hired from the IIM-B campus last year. To the credit of IIM Bangalore, this remarkable feat is unparalleled. Rahul Jain, principal, BCG believes that the diversity among students of IIM-B is a major contributing factor to this.The quality and diversity of students are truly exceptional, he said. The students had worked with these companies in different locations like San Francisco, Australia, London, Texas, Singapore, Brussels and India.Investment banks too have made offers for final placements to a large number of interns from IIM-B.
Companies like Goldman Sachs, Lehman Brothers, Deutsche Bank, ABN Amro, HSBC, JP Morgan, Merrill Lynch, BNP Paribas, Barclays Capital and Citigroup have all made final offers to their interns who worked across locations like London, New York and the Asia-Pacific.Companies are increasingly finding the PPO route to final selection more useful as they get to take a closer look at the candidates during the summer internship.
“The summer internship process at A T Kearney gives us an opportunity to evaluate interns rigorously and assess within the organization.We are very pleased with the summer interns from IIMB this year and have decided to extend Pre-Placement Offers to them,” said Vishal Kaushal, principal, A T Kearney.
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