IIMB concludes PGP Summer Placements 2013 ends in record time

CoolAvenues Newswire | November 12,2013 10:03 am IST

The Summer Placement process for the Class of 2015 at IIM Bangalore (IIMB) concluded in a record time of three days, placing the largest ever batch of IIMB. The Summer Internship Placement process was completed in six slots spread over three days.

A total of 135 recruiters visited the campus resulting in 398 internship offers for students of PGP program, the flagship program of IIM Bangalore. Five students with more than 34 months of work experience opted out of summer internship process.


According to Professor Sankarshan Basu, Chairperson, Career Development Services, “The current Summer Placements clearly validates the global standing of talent from IIMB. Credit should also be attributed to the diversity and rich work experience of the batch. The two-month summer internship has been appreciated by companies visiting campus as it provides necessary corporate exposure making IIM Bangalore graduates ideal candidates for taking up a range of challenging managerial roles.” With 106 women in the batch, students received offers from regular as well as new recruiters across sectors.
 

IIM Bangalore played host to an increasing number of MNCs and banks who hired for international career programs and more than 50 students are expected to intern at international destinations. While 29% of offers made were from sales & marketing domain, around 22% of students secured internships in the banking & financial services segment. The management consulting sector absorbed 23% of the batch and around 12% of the batch will intern with conglomerates in general management and leadership profiles. Operations & IT profiles each accounted for 7% of 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.
 

Finance: Around 22% of the batch was offered roles in the financial sector. Leading 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 & equities. Other banks offering a range of financial roles included Standard Chartered, HSBC and Royal Bank of Scotland. Premier investment and advisory firm, The Blackstone Group recruited exclusively from IIM Bangalore.
 

Management Consulting: Around 23 % 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.
 

Sales & Marketing: Around 29% of the batch received offers for sales and marketing internships. Procter & Gamble and Hindustan Unilever hired 11 and 8 interns respectively for domestic and international locations. Top FMCG companies who continued showing keen interest in talent from IIMB included Nestle, Kraft Foods, PepsiCo, Coca-Cola, GlaxoSmithKline and Reckitt Benckiser. Johnson & Johnson and DuPont participated in the process offering international marketing leadership program. Other major recruiters in marketing space included Airtel, Abbott, Asian Paints, Philips and Vodafone among many others.
 

General Management: Around 12% 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 programs 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.
 

Technology & Others: Technology giants like Google, Microsoft and Juniper Networks participated in the process offering unique roles to students selected. Big 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 like Bennett Coleman and HT Media visited the campus adding diversity to the range of profiles offered. Students also showed interest in start-ups like TaxiforSure and FreeCharge, choosing companies offering hands-on experience of working in a start-up environment over regular recruiters. These students will gain exposure to entrepreneurial ventures during their stint working with start-ups which aligns well with IIMB’s philosophy of promoting the entrepreneurial spirit among students. 

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