It just took four days for Indian Institute of Management, Bangalore (IIM-B) to place its batch of 249 students for summer internships in some of world’s leading companies.
What’s more, over hundred IIM-B students will go overseas for their summer internships.
Informs IIM-B, “The entire batch of 249 students was placed within a span of just 4 days with 132 students (more than 50% of the batch) being placed in Slot 0.” Slot 0 witnessed firms offering profiles in investment banking, management consulting, private equity and general management. Major recruiters on Slot 0 included investment banking giants like Lehman Brothers, JP Morgan, Goldman Sachs and Consulting majors like Bain & Co, Boston Consulting Group, McKinsey & Co, AT Kearney, etc.
Across all slots, the sector-wise breakup for students is Investment Banking (19%), Private Equity (11%), Management Consulting (15%), Financial Services (16%), Marketing and General Management (28%), Systems (8%) and Asset Management (3%). A noticeable trend in the summer placements has been the number of students interning abroad with the number crossing 110 (101 last year) this year.
IIM-B says that a significant feature this year has been the entry of Private Equity players at IIMB. Blackstone Group, one of the world’s leading Private Equity firms recruited from IIMB for the first time. Other PE firms flocking to campus include ChrysCapital, Greater Pacific Capital, Goldman Sachs PE, IDG Ventures, Temasek Holdings, etc. In addition to these, Asset Management & portfolio management firms like Franklin Templeton, Lotus AMC, HSBC Securities & Roulac visited IIMB to tap the potential of the Indian market.
Consulting majors like Accenture, Deloitte, KPMG, PwC, CapGemini continued to visit IIMB. Arthur D Little visited IIMB for the summers for the first time. Strategic Management roles were offered by TAS, Lodha Group, Aditya Birla Group, Shell, IBM, etc.
Happy with summer placement results, IIM-B says, “The fantastic placements are a reflection of the diversity of students on campus. The institute boasts of students with prior experience in Investment Banks at foreign locations and leading consults like Bain & Co, Inductis, etc. Several students with prior entrepreneurial experience have chosen IIMB for honing their managerial skills. The recruiters were highly impressed with the entire placement process.”
Mr. Sharad, Managing Director of JP Morgan New York, commended the placement committee on the management of the entire process.
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