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|Indian Institute of Management, Bangalore|
IIM Bangalore Placements 2006 Get Dominated by Global Recruitment
Hedge Funds and Private Equity Firms that recruit for highly specialized positions have shown a growing interest in IIMB students. This clearly is an indicator of the Institute's growing international visibility and acceptance, in the eyes of the recruiter.
IIMB created history this time with almost one-third of the batch taking up offers from Day Zero firms; a statistic un-matched across the IIMs. The total number of Day Zero offers itself increased by an unprecedented 58.5% from 41 to 65. There has also been a tremendous increase in the number of companies that took part in Day Zero of the process, by a whopping 31%.
For the first time ever an Indian Bank has come down to recruit for its global locations. ICICI offered positions for its London and Singapore offices. A total number of 79 students (representing 46% of the batch) were placed on Day-1 that boasted of a huge diversity in terms of the jobs and positions offered.
The international offers continued to pour in on Slot One with companies like Macquarie Bank (Australia), RSG Systems, US Tech, Proctor and Gamble, AXA associates and others recruiting IIMB students in huge numbers. The average domestic salary of the batch increased to Rs. 9.8 Lakhs per annum this year.
A total of 110 companies confirmed participation of which the number of Day-0 and international positions comes to a spectacular 76 students. The average international salary this year was whopping $90,000 per annum. Barclays Capital, Deutsche Bank, Merrill Lynch and emerged as the major high paying recruiters.
Despite having the smallest batch size among the 3 older IIMs (Bangalore, Calcutta & Ahmedabad), IIMB received more offers from most of the recruiters. Several companies descended to IIMB alone for the placement process, including Lehman Brothers London, Amex Grss and German conglomerate Freudenberg. The exclusivity that IIMB has seen, despite its relatively young genealogy, earmarks IIMB as the most preferred Indian B-school for multinationals.
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