IIM-Bangalore completes final job placements

Unhappy with IIM-C, IIM-A on breaching pact on process

The Indian Institute of Management, Bangalore (IIMB), on Monday, accused IIM-Calcutta and IIM-Ahmedabad of not sticking to an informal agreement between the three on the order in which they would conduct the job placement process for graduating students.

 

Sankarshan Basu, chairman of career development services, IIM-B, told reporters this breach by the other two had been on for two years. “For the last two years, due to various pressures, they have not been able to keep to that order of conducting placements and IIM-B has always gone last,” he said.

However, he clarified, this had not affected the number of offers made by recruiters or the pay. “Companies don’t mind making multiple recruitments for a post because a hire today is cheaper than one made tomorrow,” he said.

 

IIM-B announced on Monday the final placement for the (MBA) postgraduate programme class of 2012-14. This had concluded within eight sessions over four days. A little over 150 companies participated and made 425 offers across a little over 200 profiles. In all, 117 students got pre-placement offers, before the start of final placements, about a fifth higher than last year.

The lateral placement season for candidates with over 22 months of experience saw 127 offers from companies in strategy, leadership, product management, consulting and general management; 41 were offered international placements from various firms for global locations.

Nine chose to join social ventures in the final placements. Of these, six opted for Narayana Healthcare. “The hospital chain’s rapid expansion needed people in the operations to run the new hospitals that would come online,” said a source. “They probably wanted to free up doctors from operations.”

A notable recruiter this time was LinkedIn, which participated for the first time.

The Blackstone Group (London), a private equity major, and German incubator Rocket Internet are said to have hired exclusively from IIM-B, offering international roles.

The average salary was Rs 19.5 lakh (yearly), with the median salary being Rs 17.3 lakh. This compares with Rs 17.2 lakh and Rs 16.5 lakh, respectively, last year.

OFFER LETTERS

• A little over 150 companies participated and made 425 offers across 200 profiles
• In all, 117 students got pre-placement offers, before the start of final placements, about a fifth higher than last year
• The lateral placement season for candidates with over 22 months of experience saw 127 offers from companies in strategy, leadership, product management, consulting and general management; 41 were offered international placements from various companies
• Nine chose to join social ventures in the final placements. Of these, six opted for Narayana Healthcare
• The average salary was Rs 19.5 lakh a year, with the median salary being Rs 17.3 lakh. This compares with Rs 17.2 lakh and Rs 16.5 lakh, respectively, last year