IIM-Bangalore concludes PGP summer placements

The summer placement process for the class of 2015 at IIM, Bangalore (IIMB) concluded in a record , placing the largest-ever batch of IIMB. The summer internship placement process was completed in six slots over three days.

A total of 135 recruiters visited the campus, resulting in 398 internship offers for students of PG programme, the flagship programme of IIM,Bangalore. "Five students with more than 34 months of work experience opted out of the summer internship process," said Sankarshan Basu, Chairperson, Career Development Services-IIMB.

According to Basu, "The current summer placements validate the global standing of IIM-B. The two-month summer internship provides necessary corporate exposure for IIM-B graduates for challenging managerial roles. The batch, which has 106 women, received offers from regular as well as new recruiters across sectors."

IIM-B played host to an increasing number of MNCs and banks hiring for international career programmes and over 50 students are expected to intern at international destinations.

While 29 per cent of the offers made were from the sales and marketing domain, about 22 per cent secured internships in the banking and financial services segment. The management consulting sector absorbed 23 per cent of the batch and around 12 per cent of the batch will intern with conglomerates in general management and leadership profiles. operations and IT prof- iles each accounted for 7 per cent of the total offers made.

New recruiters on campus included Roland Berger, Bristol-Myers Squibb, Juniper Networks, Maersk Line, Feedback Infra, C.K. Birla Group, Landmark Group and iNautix.

Around 22 per cent of the batch was offered roles in the financial sector. International banks like UBS, JP Morgan, Goldman Sachs, Barclays, Bank of America M.L., Morgan Stanley, Deutsche Bank, Citi Group and Nomura hired summer interns for investment banking and global markets and equities. Other banks offering a range of financial roles included Standard Chartered, HSBC and Royal Bank of Scotland. According to IIM-B, the Blackstone Group only recruited candidates from IIM-B in India.

About 23 per cent of the batch will intern in the consulting sector. Big recruiters this year were The Boston Consulting Group (BCG) with 15 offers, McKinsey & Co. with 11 offers, and Accenture Management Consulting selected 10 students. Other prominent recruiters included Alvarez & Marsal, A.T. Kearney, Bain & Co., Booz & Co., Deloitte, Roland Berger and Siemens Management Consulting among others.

Around 29 per cent of the batch received offers for sales and marketing internships. Procter & Gamble and Hindustan Unilever hired 11 and eight interns respectively for domestic and international locations. Top FMCG companies continue to show interest including Nestle, Kraft Foods, PepsiCo, Coca-Cola, GlaxoSmithKline and Reckitt Benckiser. Johnson & Johnson and DuPont who participated in the process offered international marketing leadership programmes. Other major recruiters in the marketing space included Airtel, Abbott, Asian Paints, Philips and Vodafone.

Meanwhile, around 12 per cent of the batch has chosen to intern in this sector. Aditya Birla Group with 11 offers was the top recruiter this year. Conglomerates offering general management and leadership programmes such as TAS, Mahindra & Mahindra, GE, Shell, Reliance and Cairn also recruited in higher numbers. Firms like C K Birla Group and Syngenta participated for the first time, selecting students for general management roles.

Tech giants like Google, Microsoft and Juniper Networks participated and are said to have made some offers. Players from e-commerce segment included Amazon with 12 offers and Flipkart making 10 offers for different profiles, including operations. Tata Steel and Maersk Line also extended offers with operations roles. Media houses too visited the campus, adding diversity.

Students also showed interest in start-ups like TaxiforSure and FreeCharge, choosing companies offering hands-on experience over regular recruiters.