Bangalore, November 08, 2012:IIM Bangalore (IIMB) today concluded its summer placements for the Class of 2014 with 126 companies, of which 35 were first-time visitors, offering internships to 377 students, of which 100 were women. The IIMB Summer Internship process was completed in eight slots spread over four days.
Five students with more than 34 months of work experience opted out of summer internship to pursue other opportunities.
According to Professor Sankarshan Basu, Chairperson, Office of Career Development Services, IIM Bangalore, This year we saw an increased demand for our students across sectors. It was also heartening to see the number of first time companies on campus, most of which were from the Oil & Gas, Real Estate, Media and Education Sectors. Students were recruited for positions all over India and as many as 35 are expected to intern abroad.
While the financial services segment absorbed around 27% of all students, 22% of acceptances were in the management consulting sector. Sales & marketing accounted for 25% of the batch, IT for 12%, Operations 7% and offers in general management/leadership areas were about 7%. First-time companies on campus included Facebook, Accel Partners, Catamaran Ventures, Merck, Alshaya, EBay, GE, Sony, Shell, DuPont and Uninor.
This years Summer Placements saw 265 offers being made in the first two days. Sales and Marketing emerged as one of the preferred sectors amongst students, with Media and Telecom firms offering roles in Sales and Marketing for the first time in addition to other FMCG firms, said Ashvek Ambe, a PGP2 student member of the Placement Committee
Finance: Around 27% of the batch was offered roles in the financial sector. About 12% of the batch received internships in the investment banking and Private Equity sectors; major recruiters were The Blackstone Group, Goldman Sachs, The Royal Bank of Scotland Group, JP Morgan, Deutsche Bank and HSBC.
Some of the other banks that recruited from IIMB this year include Bank of America-Merrill Lynch, Barclays Capital, Citigroup, Nomura, Rothschild and Standard Chartered and Edelweiss. American Express, a regular recruiter, selected 7 students for their credit card Sales and Risk Management profiles.
Management Consulting: Around 22 % of the batch will intern in the consulting sector. Big recruiters at IIMB this year were The Boston Consulting Group with 12 offers, McKinsey with 11 offers and Accenture Management Consulting with 10 offers. Other prominent recruiters were A. T. Kearney, Booz & Co., Deloitte S & O, Siemens Management Consulting, Alvarez & Marsal and Bain & Co.
Sales & Marketing: Around 25 % of the batch received offers for sales and marketing internships. Procter & Gamble recruited 7 interns, Amazon made 9 offers while ITC extended 8. Hindustan Unilever, Coca-Cola and Kraft Cadbury offered positions to IIMB students. Some of the other firms from this sector were Bharti Airtel, Johnson & Johnson, Nestle, Colgate Palmolive, LOreal, Reckitt Benckiser, Marico, Philips and Heinz.
General Management: Around 7 % of the batch has chosen to intern in this sector. Aditya Birla Group took on 9 students and TAS recruited 5. Cairn India, Mahindra & Mahindra, and Reliance Industries were other major recruiters in this segment.
Facebook, EBay, Bennett Coleman, Tata Steel, Yahoo, Flipkart, Wipro and Synergy Consulting were some of the other firms that participated in the process this year.
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, Software and Supply Chain Management, to 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.