IIM-Bangalore completes summer placements

This year, 410 eligible students participated and more than 150 companies came to hire students for summer stint in multiple roles

Indian Institute of Management, Bangalore, has completed its summer placement for the post graduate programme class of 2015-17.

This year, 410 students participated and about 150 companies came to hire students for a summer stint in multiple roles such as consulting, investment banking, markets, corporate banking and general management, among others.

The institute said about 30 companies had come for the first time. Some of these were Anheuser Busch Inbev, Fidelity Worldwide Investment, India Value Fund, Lenovo, LightBox Ventures, Texas Instruments, Nirvana Ventures, Myntra, Uber, Walmart Labs and Novartis. Temasek Holdings renewed hiring here after about five years.

The Boston Consulting Group made 22 offers, the highest number ever made by it in Indian campuses. Accenture Management Consulting with 16 offers and Mckinsey & Co with 12 were also top recruiters this year.

This IIM is also simultaneously hosting the summer recruitment process for the new IIM Visakhapatnam's PGP class of 2015-2017; around 60 per cent of applicants are placed. The former's placement committee was also involved in the mentorship of IIM Visakhapatanam students in the run-up to the placement process.

Companies which visited included Goldman Sachs, HSBC, Barclays, JPMorgan, Bank of America Merrill Lynch, Deutsche Bank, Citibank, Development Bank of Singapore and Standard Chartered, on the first day of the summer placements.   

Ganesh Prabhu, head of the institute's Career Development Services, said many of the recruiters had doubled their usual number of offers.

Private equity/venture capital roles by Blackstone, IDG Ventures and Brand Capital were offered. India Value Fund, Nirvana Ventures and LightBox Ventures were some of the first-time recruiters in this domain. A host of Indian banks and financial institutions such as Avendus Capital, Axis Bank, ICICI Bank, YES Bank and Edelweiss also made offers.

Around 30 per cent of the batch received offers in the consulting sector -- Bain & Co, Roland Berger, Alvarez & Marsal, Capgemini and IBM Consulting, among others.

Conglomerates such as Aditya Birla Group, Tata Administrative Services, Mahindra & Mahindra, Wipro Global, Reliance ADA Capital, Shell and General Electric recruited in significant numbers.

Consumer goods and services firms included Mondelez, Asian Paints, Hindustan Unilever, Coca-Cola and ITC. Recruiters in information technology included Microsoft, Microland, Mindtree and Texas Instruments. Among those from e-commerce were Amazon, Flipkart, Snapdeal, Hopscotch, Uber, Myntra, Ola and Quikr.