New Format Makes Process Smoother and More Effective
Bangalore, March 19, 2012: The Final Placements of the graduating IIM Bangalore PGP Class of 2012 witnessed the recruitment of 363 students, the largest group in the history of the Institute to date. Eight students, including two students who received pre-placement offers, opted out of the placement process in favour of entrepreneurship. Spread over three weekends, this year's placement process concluded with a total of 423 job offers, including 41 international offers. 93 pre-placement offers were made to batch while number of lateral offers made (for students with more than 22 months of work experience) was 124. Significantly, this year's placement season witnessed a large number of international offers as well as exclusive hiring from IIMB.
Commenting after the close of the season, Professor P D Jose, Chairperson, Career Development Services, IIM Bangalore said "This year's PGP placement format was well received by recruiting organisations as well as by our students and the entire process was smooth, offering adequate time to both. We are thankful to the companies that participated in the process, which resulted in a larger number of offers to our students".
Commenting from the student perspective, Mr. Merben Jayakaran, a PGP1 student member of the Placement Committee, said "Even this year we saw a strong demand for our students this year despite the current economic scenario. The diversity and the seniority of the roles offered were significantly better than last year due to the rich work experience of the batch and we expect this trend to continue. Consulting and Finance were the sectors of choice with over 180 students opting for them."
Swiss Investment Bank UBS, which recruited exclusively from IIM Bangalore, offered Equities Derivatives Trading profile based out of Hong Kong. Private equity giant The Blackstone Group (London) and consulting giant Arthur D Little (Dubai) also recruited exclusively from IIMB. Duferco Group offered its coveted metal trading profile based out of Lugano, Switzerland - only such offer made across IIMs. Capital One recruited two students for their Dallas office. Indian Institute of Management Bangalore, Bannerghatta Road, Bangalore- 560 076, INDIA Page 2
Deutsche Bank and American Express made 6 offers each. DBS, HSBC, O3 Capital, Avendus Capital, Goldman Sachs, ICICI Bank, Ocwen, HDFC Bank, Yes Bank, Axis Bank and Encore Capital offered roles in investment banking and finance domain. Earlier, PPO's were made by Morgan Stanley (Hong Kong), J P Morgan Chase, Barclays Capital, Deutsche Bank (London), Nomura, Goldman Sachs, RBS, UBS, Standard Chartered and Citi Global amongst others.
Consulting majors McKinsey, BCG, Bain, Booz and A.T. Kearney saw 37 offer acceptances. Accenture recruited 12 students and offered consultant profiles at IIMB. Siemens Management Consulting, Z S Associates, and PRTM Consulting recruited exclusively from IIMB among all IIMs. Deloitte, IBM and Cognizant Business Consulting made offers in large numbers.
Hyundai Motors recruited for global leadership programme based out of its headquarters in Seoul. As part of its leadership recruitment programme, Hyundai visited one campus each among the BRIC countries. Infosys hired students for client-services roles based out of Europe and US. A Trilogy group company offered Ideation lead roles based out of Dubai exclusively at IIMB.
Proctor & Gamble made 8 offers for positions based out of Singapore and India. HUL, Kraft, Pepsi, Airtel, Nokia, ITC, Johnson & Johnson, L'Oreal and Vodafone recruited from IIMB.TAS and ABG took on board 5 students each and Siemens offered its coveted global leadership programme with stints in India and Germany. Punj Lloyd and Robert Bosch too offered leadership roles with domestic and international stints.
"We have always enjoyed our recruitment experience at IIM Bangalore. This year too, we are extremely happy with the number and quality of students we have recruited. Besides making pre-placement offers to all our five summer interns, we have recruited four students with demonstrated professional and academic excellence and we look forward to getting them on board soon." said Vikas Kaushal, Partner & Vice President, A.T. Kearney India
About IIM Bangalore
Established in 1972, the Indian Institute of Management Bangalore (IIMB) today offers a range of post-graduate and doctoral level courses as well as executive education programmes. IIMB Centres of Excellence are engaged in adding value to their communities in the areas of Public Policy, Capital Markets & Financial Management, Corporate Governance, Entrepreneurship, Public Policy, Software and Supply Chain Management, to Indian Institute of Management Bangalore, Bannerghatta Road, Bangalore- 560 076, INDIA Page 3
name a few. In June 2010 IIMB obtained the European Quality Improvement System (EQUIS) accreditation awarded by the European Foundation for Management Development (EFMD). With a faculty body from amongst the best universities worldwide, IIMB is a leader in the area of management research, education and consulting.