IIM Bangalore Placements 2006 Get Dominated by Global Recruitment
Final Press-release

The Final Placement Process at IIM Bangalore concluded on Tuesday, the 14th of March, by the end of Slot 2 of the process, with IIMB setting new benchmarks for the Indian MBA graduates. The highest salary offer for foreign placements touched USD $193,000 setting a new record across the IIMs.

This year leading global consulting firms flocked down to IIMB making a beeline for the students along with the global investment banks. Along with the regular consulting recruiters like McKinsey & Co, Boston Consulting Group, AT Kearney, Accenture, KPMG and others, with the realm of new firms including Bain & Co, besides with niche players including Amex Grss, Diamond Cluster, Ameriprise Financials, Global eProcure, Chainanalytics and many others.

Overall, 26% of the batch accepted a position in a consulting career, known for its demand for multi-functional skills, cutting across Finance, Strategy and Marketing. This was again the highest across IIMs and a strong testimony to the pedigree of students at IIMB. McKinsey and Co was the single largest recruiter in this year's placement, inducting 9 IIMB students in their fold. The other sectors that have seen significant number of positions being offered include Investment Banking (26%), Marketing (15%), Finance (16%), IT (13%), Operations and General Management (6%).

The number of new IT consulting and IT companies that came down to IIMB also increased. This included Bloomberg (New York), RSG Systems (US) and US Tech (New York, California).

Global Growth

The increasing number of Global recruiters bears a strong testimony to the maturing global reputation of IIMB. For the first time in its history, the campus hosted leading multinationals like Bain & Co., UBS (Hong Kong, London, Singapore), Merrill Lynch (Hong Kong), Lehman Brothers (London), ABN AMRO (Hong Kong), Baring Private Equity, Bloomberg (New York), Ameriprise Financials (Minneapolis), DPWN (Germany, US), Freudenberg (Germany), Macquarie (Australia), US Tech (New York, California), Global eprocure and Diamond Cluster amongst others.

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