The Indian Institute of Management, Bangalore, concluded its summer placements for the Class of 2013 with 123 companies offering internships to 368 students.
Of these, more than 85 students are expected to intern abroad. Around 40 companies were first-time visitors to the campus.
The IIM-B summer internship process was completed in eight slots spread over five days, during which a total of 464 offers were made. Ten students with more than 34 months of work experience opted out of summer internship to pursue other opportunities.
”This year we did not witness any slowing of demand for our students, and placed the largest-yet cohort of students. It was also heartening to see the number of first-time companies on campus, most of whom were from the FMCG, manufacturing, technology and services sectors. Overseas assignments were also numerous, attesting to the performance and diversity of the batch,” said Professor P D Jose, chairperson, Office of Career Development Services, IIM Bangalore.
While the financial services segment absorbed around 33 per cent of all students, 17 per cent of acceptances were in the management consulting sector. Sales and marketing accounted for 32 per cent of the cohort, and offers in general management/leadership areas were about 11 per cent.
First-time companies on campus include Dentsu, Supermax, Abbott, Amazon, Narayana Hrudalaya, SAP, The Times Group, Yatra.com, Cleartrip.com and Duferco. International internship offers were based out of Australia, Abu Dhabi, Dubai, Hong Kong, Singapore, London and USA.
“This year, a larger number of Private Equity and Venture Capital companies visited the campus and made offers to students from the diverse talent pool at IIM-B. This can be attributed to IIM-B’s strategic location in Bangalore as well as the experience profiles of our students,” said S Karthikeyan, a student member of the placement committee.
Companies which recruited from the campus include Blackstone Group, ChrysCapital and Morgan Stanley PE. Goldman Sachs recruited 10 students across six desks while the Royal Bank of Scotland made 14 offers for multiple locations across the globe. Duferco offered a trading assignment based out of Lugano, Switzerland. O3 Capital recruited students for investment banking, quantitative trading and private equity areas.
Other banks that recruited from IIM-B this year include Bank of America-Merrill Lynch, Barclays Capital, Citi Global, Deutsche Bank (Global Markets – London), HSBC (HK), Morgan Stanley, Nomura, Rothschild and Standard Chartered (Financial Markets). Indian investment banks were represented by Avendus Capital, Edelweiss Capital and ICICI Securities amongst others. UAE Exchange recruited four students for positions based out of Dubai. Amazon offered internships to seven students for business development and operations profile.
NetApp, Yahoo!, Flipkart, Times of India, Ocwen, Cleartrip.com, Yatra.com, Tata Motors, Wipro Consulting and Synergy Consulting were some of the other firms that participated in the process.